Plains All American: Q2 Earnings Insights

Shares of Plains All American PAA rose 1.8% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were down 62.69% year over year to $0.25, which missed the estimate of $0.28.

Revenue of $3,225,000,000 declined by 60.92% from the same period last year, which missed the estimate of $6,660,000,000.

Looking Ahead

Plains All American hasn't issued any earnings guidance for the time being.

Plains All American hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Aug 04, 2020

Time: 05:30 PM

ET Webcast URL: https://event.webcasts.com/starthere.jsp?ei=1339500&tp_key=5263eed914

Price Action

Company's 52-week high was at $23.19

52-week low: $3.00

Price action over last quarter: Up 7.83%

Company Overview

Plains All American provides transportation, storage, processing, fractionation, and marketing services for crude oil, refined products, natural gas liquids, liquefied petroleum gas, and related products. Assets are geographically diverse, spanning the United States and Alberta, Canada, but heavily concentrated in major U.S. shale basins like the Permian, Stack, and Bakken.