The earnings call presented a mix of positive and negative elements. The company reported strong financial performance with significant achievements in strategic acquisitions and expansions. However, market volatility, weather impacts, and external economic factors like tariffs present challenges. The positive aspects, such as solid performance and strategic growth initiatives, are slightly overshadowed by the external uncertainties and their potential impact.

Company Guidance -

Q2 2025

During the Plains All American and Plains GP Holdings First Quarter 2025 Earnings Conference Call, the company provided guidance indicating that if a $60 to $65 WTI (West Texas Intermediate) price environment persists for the remainder of the year, both their 2025 EBITDA guidance and Permian growth outlook might fall in the lower half of their respective ranges. The company reported an adjusted EBITDA attributable to Plains of $754 million for the quarter. Their NGL segment remains largely insulated from lower commodity prices, with approximately 80% of their estimated C3+ Spec products sales hedged for 2025. They expect to generate strong cash flow this year, with adjusted free cash flow projected at about $1.1 billion, excluding changes in assets and liabilities and reduced by approximately $635 million for acquisitions. Plains All American has been actively managing its balance sheet, maintaining flexibility with leverage towards the low end of their target range, and they continue to execute on their efficient growth strategy while returning capital to unitholders.

Solid First Quarter Performance

Reported an adjusted EBITDA attributable to Plains of $754 million for the first quarter.

NGL Segment Resilience

Approximately 80% of estimated C3+ Spec products sales are hedged for 2025, insulating from lower commodity prices.

Successful Bolt-on Transactions

Acquired the remaining 50% equity in the Cheyenne Pipeline and Black Knight Midstream, part of $1.3 billion deployed into bolt-on acquisitions over several years.

Fractionation Capacity Expansion

30,000 barrel a day fractionation bottleneck project at Fort Sask placed into service, supported by long-term customer commitments.

Strong Cash Flow Generation

Expected adjusted free cash flow of about $1.1 billion for the year, excluding changes in assets and liabilities.

Plains All American (PAA) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

PAA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 08, 2025	2025 (Q2)	0.32 / -	0.31	―	―	―
May 09, 2025	2025 (Q1)	0.44 / 0.39	0.41	-4.88% (-0.02)
Feb 07, 2025	2024 (Q4)	0.41 / 0.42	0.42	0.00% (0.00)
Nov 08, 2024	2024 (Q3)	0.31 / 0.37	0.35	5.71% (+0.02)
Aug 02, 2024	2024 (Q2)	0.31 / 0.31	0.25	24.00% (+0.06)
May 03, 2024	2024 (Q1)	0.39 / 0.41	0.41	0.00% (0.00)
Feb 09, 2024	2023 (Q4)	0.36 / 0.42	0.3	40.00% (+0.12)
Nov 03, 2023	2023 (Q3)	0.25 / 0.35	0.48	-27.08% (-0.13)
Aug 04, 2023	2023 (Q2)	0.20 / 0.25	0.22	13.64% (+0.03)
May 05, 2023	2023 (Q1)	0.38 / 0.41	0.19	115.79% (+0.22)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

PAA Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 09, 2025	$16.60	$16.10	-3.01%
Feb 07, 2025	$19.18	$18.59	-3.08%
Nov 08, 2024	$16.73	$16.26	-2.81%
Aug 02, 2024	$16.62	$16.08	-3.25%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Plains All American (PAA) report earnings?

Plains All American (PAA) is schdueled to report earning on Aug 08, 2025, After Close (Confirmed).

What is Plains All American (PAA) earnings time?

Plains All American (PAA) earnings time is at Aug 08, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is PAA EPS forecast?

PAA EPS forecast for the fiscal quarter 2025 (Q2) is 0.32.

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