Plains All American Pipeline LP (PAA) reported a profit for second quarter that decreased from last year in line with the Street estimates.
The company's bottom line came in at $250 million, or $0.26 per share. This compares with $293 million, or $0.32 per share, in last year's second quarter.
Excluding items, Plains All American Pipeline LP reported adjusted earnings of $288 million or $0.31 per share for the period.
Analysts on average had expected the company to earn $0.31 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 11.5% to $12.933 billion from $11.602 billion last year.
Plains All American Pipeline LP earnings at a glance (GAAP) :
-Earnings (Q2): $250 Mln. vs. $293 Mln. last year.-EPS (Q2): $0.26 vs. $0.32 last year.-Revenue (Q2): $12.933 Bln vs. $11.602 Bln last year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.