Plains All American Pipeline Q4 Earnings Drop, Yet In Line With Estimates

Plains All American Pipeline L.P.

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(RTTNews) - Plains All American Pipeline, L.P. (PAA) and Plains GP Holdings (PAGP), Friday announced a decline in fourth quarter net income compared to the same quarter, last year. The company provided guidance for the full year.

For the fourth quarter, net income attributable to PAA decreased to $36 million from $312 million last year.

Quarterly loss per share was $0.04 compared with earnings per share of $0.35, in the previous year.

Adjusted net income was $357 million or $0.42 per share.

Analysts on average had expected the company to earn $0.42 per share. Analysts' estimates typically exclude special items. The Adjusted EBITDA attributable to PAA came in lower at $729 million.

The company expects full-year 2025 Adjusted EBITDA attributable to PAA of $2.80 to $2.95 billion.

PAA said it remains focused on pursuing more strategic acquisitions that offer strong returns and synergies across its asset network.

The company has completed all three previously announced bolt-on acquisitions for about $670 million, including the purchase of Ironwood Midstream Energy.

Plains All also finalized the repurchase of approximately 12.7 million Series A Preferred Units or 18%, for around $330 million.

On Thursday, Plains All American Pipeline had closed 1.38% lesser at $20.01 on the Nasdaq.