Plains All American Pipeline (NYSE:PAA) Releases Quarterly Earnings Results, Misses Estimates By $0.33 EPS

Plains All American Pipeline (NYSE:PAA) posted its earnings results on Friday. The pipeline company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.33), Briefing.com reports. Plains All American Pipeline had a net margin of 1.54% and a return on equity of 11.69%. Plains All American Pipeline’s quarterly revenue was down 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.42 EPS.

Plains All American Pipeline Price Performance

PAA stock traded down $0.59 during mid-day trading on Friday, reaching $19.38. 6,131,038 shares of the company’s stock were exchanged, compared to its average volume of 4,039,800. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.01 and a quick ratio of 0.92. Plains All American Pipeline has a 12-month low of $15.57 and a 12-month high of $20.77. The stock’s 50 day moving average is $18.37 and its 200 day moving average is $17.63. The company has a market cap of $13.67 billion, a price-to-earnings ratio of 26.54 and a beta of 0.60.

Plains All American Pipeline Increases Dividend

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

Key Stories Impacting Plains All American Pipeline

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

Institutional Investors Weigh In On Plains All American Pipeline

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BROOKFIELD Corp ON lifted its holdings in Plains All American Pipeline by 18.9% during the second quarter. BROOKFIELD Corp ON now owns 6,774,650 shares of the pipeline company’s stock valued at $124,112,000 after purchasing an additional 1,076,291 shares in the last quarter. Invesco Ltd. boosted its holdings in Plains All American Pipeline by 2.1% in the 3rd quarter. Invesco Ltd. now owns 33,280,692 shares of the pipeline company’s stock worth $567,769,000 after buying an additional 677,959 shares during the last quarter. Pathstone Holdings LLC increased its stake in Plains All American Pipeline by 23.5% during the 3rd quarter. Pathstone Holdings LLC now owns 2,184,553 shares of the pipeline company’s stock worth $37,268,000 after buying an additional 415,800 shares in the last quarter. Corient Private Wealth LLC raised its holdings in shares of Plains All American Pipeline by 90.3% during the second quarter. Corient Private Wealth LLC now owns 460,632 shares of the pipeline company’s stock valued at $8,439,000 after acquiring an additional 218,606 shares during the last quarter. Finally, Energy Income Partners LLC lifted its position in shares of Plains All American Pipeline by 15.2% in the third quarter. Energy Income Partners LLC now owns 1,303,242 shares of the pipeline company’s stock valued at $22,233,000 after acquiring an additional 172,136 shares in the last quarter. Hedge funds and other institutional investors own 41.78% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.