Plains All American Pipeline LP (PAA) reported a profit for its third quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line totaled $220 million, or $0.22 per share. This compares with $203 million, or $0.20 per share, in last year's third quarter.
Excluding items, Plains All American Pipeline LP reported adjusted earnings of $257 million or $0.37 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 5.6% to $12.743 billion from $12.071 billion last year.
Plains All American Pipeline LP earnings at a glance (GAAP) :
-Earnings (Q3): $220 Mln. vs. $203 Mln. last year.-EPS (Q3): $0.22 vs. $0.20 last year.-Revenue (Q3): $12.743 Bln vs. $12.071 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.