Plains All American Pipeline (NYSE:PAA) Announces Earnings Results

Plains All American Pipeline (NYSE:PAA) announced its earnings results on Friday. The pipeline company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.33), Briefing.com reports. Plains All American Pipeline had a return on equity of 11.69% and a net margin of 1.54%.The company’s quarterly revenue was down 12.2% on a year-over-year basis. During the same quarter last year, the business earned $0.42 earnings per share.

Plains All American Pipeline Stock Performance

Shares of PAA stock traded down $0.62 during trading on Friday, reaching $19.35. 5,908,750 shares of the company’s stock were exchanged, compared to its average volume of 4,034,186. Plains All American Pipeline has a twelve month low of $15.57 and a twelve month high of $20.77. The firm’s fifty day moving average price is $18.37 and its 200-day moving average price is $17.63. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $13.65 billion, a PE ratio of 26.51 and a beta of 0.60.

Plains All American Pipeline Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Friday, January 30th will be issued a dividend of $0.4175 per share. This represents a $1.67 dividend on an annualized basis and a dividend yield of 8.6%. The ex-dividend date of this dividend is Friday, January 30th. This is a boost from Plains All American Pipeline’s previous quarterly dividend of $0.38. Plains All American Pipeline’s payout ratio is presently 138.02%.

Institutional Trading of Plains All American Pipeline

A number of hedge funds have recently modified their holdings of PAA. Fulcrum Asset Management LLP acquired a new stake in Plains All American Pipeline during the 3rd quarter worth approximately $50,000. Geneos Wealth Management Inc. grew its position in shares of Plains All American Pipeline by 93.2% during the 2nd quarter. Geneos Wealth Management Inc. now owns 4,232 shares of the pipeline company’s stock worth $78,000 after purchasing an additional 2,041 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of Plains All American Pipeline in the third quarter valued at approximately $145,000. Sentinel Wealth Management Inc. acquired a new stake in Plains All American Pipeline during the second quarter worth approximately $224,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in Plains All American Pipeline in the 2nd quarter valued at $227,000. Institutional investors and hedge funds own 41.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on PAA shares. Morgan Stanley boosted their target price on Plains All American Pipeline from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 25th. Scotiabank reissued an “outperform” rating on shares of Plains All American Pipeline in a research report on Friday, January 16th. Bank of America downgraded shares of Plains All American Pipeline from a “neutral” rating to an “underperform” rating and set a $19.00 target price for the company. in a research report on Wednesday, January 28th. Raymond James Financial reissued a “strong-buy” rating and set a $22.00 price target (down from $24.00) on shares of Plains All American Pipeline in a research report on Friday, October 24th. Finally, Mizuho set a $23.00 price objective on shares of Plains All American Pipeline in a research note on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $20.40.

Plains All American Pipeline News Summary

Here are the key news stories impacting Plains All American Pipeline this week:

• Positive Sentiment: Company reiterated a constructive 2026 outlook — management gave a midpoint adjusted EBITDA guide of ~$2.75B, announced cost‑savings and synergies (including ~$100M of efficiency initiatives and $50M from Cactus III) that underpin the outlook. GlobeNewswire release
• Positive Sentiment: Board raised the annualized distribution by 10% to $1.67/unit and lowered the distribution‑coverage threshold to 150% — a yield boost for income investors and a commitment to returning cash, which supports the unit price. Quiver AI summary
• Neutral Sentiment: Analysts and metric drills are parsing the quarter: some non‑GAAP metrics (Adjusted EBITDA, implied DCF) look solid year‑over‑year, but comparisons and adjustments warrant scrutiny. Zacks metrics analysis
• Neutral Sentiment: Separate coverage pieces and previews highlight PAA’s strong multi‑year performance and debate whether current valuation already reflects the recent momentum — useful context but not immediate drivers. Yahoo Finance valuation piece
• Negative Sentiment: Headline Q4 earnings missed expectations — GAAP EPS was $0.17 vs. consensus ~$0.50, and consolidated revenue declined ~12% YoY; that miss appears to be the main immediate catalyst for selling. Zacks earnings miss
• Negative Sentiment: Cash‑flow and balance‑sheet stress: Adjusted free cash flow was deeply negative in the period (driven by acquisitions including Cactus III), total debt increased and pro‑forma leverage was ~3.9x; investors are focused on timing/terms of the planned NGL divestiture to restore leverage. Quiver / press release (cash flow & leverage)
• Negative Sentiment: NGL segment weakness (lower frac spreads/volumes) and one‑time acquisition cash outflows make near‑term cash generation uneven; until the Canadian NGL sale closes (expected Q1), some investors are discounting distributions and valuation. GlobeNewswire release

Plains All American Pipeline Company Profile

Plains All American Pipeline, L.P. (NYSE: PAA) is a prominent North American midstream energy company that specializes in the transportation, storage and marketing of crude oil, natural gas liquids (NGLs) and refined products. The partnership’s integrated infrastructure network supports the movement of hydrocarbons from major supply basins to domestic and export markets, providing connectivity between production areas, refineries and marine terminals. Plains All American’s services include long-haul and short-haul pipeline systems, inventory services and fee-based storage contracts, helping producers and refiners optimize supply chains and manage market access.

The company operates an extensive onshore pipeline network that spans major U.S.