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Plains All American Pipeline, L.P. (PAA - Free Report) reported third-quarter 2023 adjusted earnings of 35 cents per unit, which surpassed the Zacks Consensus Estimate of 24 cents by 45.8%. The bottom line improved 6.1% from the year-ago quarter’s 33 cents.
The company reported GAAP earnings of 20 cents per unit compared with 48 cents in the year-ago period.
Total Revenues
Net sales of $12,071 million missed the Zacks Consensus Estimate of $15,418 million by 21.7%. The top line also declined 15.8% from the year-ago quarter figure of $14,336 million.
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