NASDAQ$PAAPU

Plains All American Pipeline LP · Q3 2025 earnings

Q3 2025 earnings · · Before market open · Investor relations

Briefing

Plains All American Pipeline reported Q3 2025, revenue of $11.58B, net income of $529M.

For Q3 2025, Plains All American Pipeline reported revenue of $11.58B, net income of $529M. Management discusses segment performance, capital allocation, and sector risks in the quarterly filing.

  • Revenue $11.58B.
  • Net income $529M.
  • Plains All American Pipeline MD&A covers liquidity, credit, and operating priorities.

Headline financials

Total Revenue

$11.6B

Previous: $12.7B-9.1%
EPS (adj)

$0.39

Previous: $0.37+5.4%
NGL Fractionation

131.0K

Previous: 131.0K+0.0%
NGL Pipeline Tariff

211.0K

Previous: 195.0K+8.2%
Propane & Butane Sales

48.0K

Previous: 59.0K-18.6%
Capital Expenditures

-$495M

Previous: -$453M-9.3%
Net Income

$441M

Previous: $220M+100.5%
Operating Income

$484M

Previous: $347M+39.5%

Revenue & EPS history

Plains All American · Revenue · Quarterly

$11.6B

Q3 2025-9.1%vs Q3 2024
Beat estimate in 3 of 15 quarters(20%)
ActualEstimate

Forward guidance

Midstream outlook centers on volumes, distributions, and project execution.

Tailwinds

  • Fee-based cash flows and distribution coverage.
  • Infrastructure growth projects.

Headwinds

  • Commodity price and volume volatility.
  • Regulatory and environmental permitting.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 15 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

-1.1%

Avg return

Earnings day

+0.0%

Avg return

5 days after

+3.6%

Avg return

30 days after

45%

29 / 65 earnings

Positive

+6.2%

Q1 2016

Best reaction

-22.4%

Q4 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.7%-1.0%+2.3%
Q4 2025+0.0%-0.8%+10.9%
Q3 2025-0.5%+1.5%+8.1%
Q2 2025-0.1%-0.4%-3.6%
Q1 2025-2.9%+2.8%+2.8%
Q4 2024-3.0%-3.2%-3.2%
Q3 2024-2.6%-4.9%+2.1%
Q2 2024-5.6%-4.1%-0.4%
Q1 2024+2.2%+2.6%-1.3%
Q4 2023+2.7%+1.9%+8.9%
Q3 2023-0.3%-3.8%-0.1%
Q2 2023+2.4%+2.2%+5.0%
Q1 2023+3.3%+3.4%+9.7%
Q4 2022-0.6%+2.0%+1.5%
Q3 2022+1.6%+2.9%+0.1%
Q2 2022+1.3%+2.2%+8.9%
Q1 2022+2.0%-3.1%+10.4%
Q4 2021-9.4%
Q3 2021-0.5%
Q2 2021-2.2%
Q1 2021-1.0%
Q4 2020-9.5%
Q3 2020+5.1%
Q2 2020-2.7%
Q1 2020-7.0%
Q4 2019+2.5%
Q3 2019-1.8%
Q2 2019-0.7%
Q1 2019+1.6%
Q4 2018+0.8%
Q3 2018+1.5%
Q2 2018+3.4%
Q1 2018-0.6%
Q4 2017+5.5%
Q3 2017+6.1%
Q2 2017-20.7%
Q1 2017-5.1%
Q4 2016-2.7%
Q3 2016-5.5%
Q2 2016+2.4%
Q1 2016+6.2%
Q4 2015-22.4%
Q3 2015-7.1%
Q2 2015-12.5%
Q1 2015-1.5%
Q4 2014+1.5%
Q3 2014+0.5%
Q2 2014+1.9%
Q1 2014-0.6%
Q4 2013+0.3%
Q3 2013-1.0%
Q2 2013+1.8%
Q1 2013+0.3%
Q4 2012+0.7%
Q3 2012-0.3%
Q2 2012-0.4%
Q1 2012-1.9%
Q4 2011+0.2%
Q3 2011+3.0%
Q2 2011-5.2%
Q1 2011+1.0%
Q4 2010+2.1%
Q3 2010+0.0%
Q2 2010-1.6%
Q1 2010+5.8%

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