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Plains All American to Report Q3 Earnings: Here's What to Expect
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Key Takeaways
PAA is set to report Q3 earnings on Nov. 6, with EPS expected to rise 2.56% and revenues to grow 41.71%.
Higher pipeline volumes, producer activity and Cactus III synergies support PAA's earnings.
PAA's Canadian NGL sale sharpens its crude focus but reduces NGL earnings contributions.
Plains All American Pipeline, L.P. (PAA - Free Report) is set to report third-quarter 2026 results on Nov. 6, before the market opens. The firm reported a positive earnings surprise of 2.50% in the last reported quarter.
Let us discuss the factors that are likely to be reflected in the upcoming quarterly results.
Q3 Expectations for PAA
The Zacks Consensus Estimate for earnings is pegged at 40 cents per unit , implying 2.56% year-over-year growth.
The consensus estimate for revenues is pinned at $16.41 billion, indicating an increase of 41.71% from the year-ago reported figure.
Factors Likely to Have Impacted PAA’s Q3 Earnings
Plains All American Pipeline's third-quarter earnings are expected to have benefited from higher pipeline volumes, increased producer activity, strong customer demand and improved utilization of its crude oil infrastructure. Long-term transportation agreements and market-based opportunities are also expected to have supported quarterly performance.
Synergies from the Cactus III acquisition, along with continued efforts to improve operational efficiency and capture cost savings, are expected to support PAA's third-quarter 2026 results.
Plains All American Pipeline's third-quarter earnings are expected to have benefited from the divestiture of its Canadian NGL business, which has sharpened its focus on crude oil operations. The transaction reduced leverage and supported a more durable cash flow profile.
However, uncertainty in crude oil market conditions could limit incremental earnings opportunities and weigh on third-quarter earnings.
What Our Quantitative Model Predicts for PAA
Our proven model predicts an earnings beat for Plains All American Pipeline this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is the case here, as you will see below.
PAA’s Earnings ESP: The firm has an Earnings ESP of +11.94% at present. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Investors may consider the following players from the same sector, as these have the right combination of elements to post an earnings beat this reporting cycle.
Calumet, Inc. (CLMT - Free Report) is set to report third-quarter results on Nov. 6 and is likely to have registered an earnings beat. It has an Earnings ESP of +48.76% and a Zacks Rank #3 at present.
CLMT’s long-term (three to five years) earnings growth rate is 48.88%. The Zacks Consensus Estimate for third-quarter earnings per share (EPS) is pinned at $1.21, which implies a year-over-year increase of 676.19%.
Occidental Petroleum (OXY - Free Report) is scheduled to report third-quarter results on Nov. 9 and is likely to have registered an earnings beat. It has an Earnings ESP of +4.14% and a Zacks Rank #2 at present.
OXY’s long-term earnings growth rate is 12.69%. The Zacks Consensus Estimate for third-quarter EPS is pinned at $1.43, which indicates a year-over-year increase of 123.44%.
Petroleo Brasileiro (PBR - Free Report) is scheduled to report third-quarter 2026 results on Nov. 10 and is likely to have registered an earnings beat. It has an Earnings ESP of +10.20% and a Zacks Rank #1 at present.
PBR’s long-term earnings growth rate is 1.87%. The Zacks Consensus Estimate for third-quarter EPS is pinned at $1.23, which implies a year-over-year increase of 50.00%.
View the Zacks #1 Rank List
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Plains All American to Report Q3 Earnings: Here's What to Expect
Key Takeaways
Plains All American Pipeline, L.P. (PAA - Free Report) is set to report third-quarter 2026 results on Nov. 6, before the market opens. The firm reported a positive earnings surprise of 2.50% in the last reported quarter.
Let us discuss the factors that are likely to be reflected in the upcoming quarterly results.
Q3 Expectations for PAA
The Zacks Consensus Estimate for earnings is pegged at 40 cents per unit , implying 2.56% year-over-year growth.
The consensus estimate for revenues is pinned at $16.41 billion, indicating an increase of 41.71% from the year-ago reported figure.
Factors Likely to Have Impacted PAA’s Q3 Earnings
Plains All American Pipeline's third-quarter earnings are expected to have benefited from higher pipeline volumes, increased producer activity, strong customer demand and improved utilization of its crude oil infrastructure. Long-term transportation agreements and market-based opportunities are also expected to have supported quarterly performance.
Synergies from the Cactus III acquisition, along with continued efforts to improve operational efficiency and capture cost savings, are expected to support PAA's third-quarter 2026 results.
Plains All American Pipeline's third-quarter earnings are expected to have benefited from the divestiture of its Canadian NGL business, which has sharpened its focus on crude oil operations. The transaction reduced leverage and supported a more durable cash flow profile.
However, uncertainty in crude oil market conditions could limit incremental earnings opportunities and weigh on third-quarter earnings.
What Our Quantitative Model Predicts for PAA
Our proven model predicts an earnings beat for Plains All American Pipeline this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is the case here, as you will see below.
PAA’s Earnings ESP: The firm has an Earnings ESP of +11.94% at present. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
PAA’s Zacks Rank: Currently, Plains All American Pipeline sports a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here.
Plains All American Pipeline, L.P. Price and EPS Surprise
Plains All American Pipeline, L.P. price-eps-surprise | Plains All American Pipeline, L.P. Quote
Other Stocks to Consider
Investors may consider the following players from the same sector, as these have the right combination of elements to post an earnings beat this reporting cycle.
Calumet, Inc. (CLMT - Free Report) is set to report third-quarter results on Nov. 6 and is likely to have registered an earnings beat. It has an Earnings ESP of +48.76% and a Zacks Rank #3 at present.
CLMT’s long-term (three to five years) earnings growth rate is 48.88%. The Zacks Consensus Estimate for third-quarter earnings per share (EPS) is pinned at $1.21, which implies a year-over-year increase of 676.19%.
Occidental Petroleum (OXY - Free Report) is scheduled to report third-quarter results on Nov. 9 and is likely to have registered an earnings beat. It has an Earnings ESP of +4.14% and a Zacks Rank #2 at present.
OXY’s long-term earnings growth rate is 12.69%. The Zacks Consensus Estimate for third-quarter EPS is pinned at $1.43, which indicates a year-over-year increase of 123.44%.
Petroleo Brasileiro (PBR - Free Report) is scheduled to report third-quarter 2026 results on Nov. 10 and is likely to have registered an earnings beat. It has an Earnings ESP of +10.20% and a Zacks Rank #1 at present.
PBR’s long-term earnings growth rate is 1.87%. The Zacks Consensus Estimate for third-quarter EPS is pinned at $1.23, which implies a year-over-year increase of 50.00%.