Plains All American Pipeline, L.P. · PAA · Next earnings

Plains All American Pipeline, L.P. reports Friday, Nov 6, 2026

PAA reports before market open with consensus EPS at $0.41 and revenue at $15.21B. Last quarter: PAA Holds EBITDA Guidance as Capex and Pipeline Expansion Rise

Reports Before market open1 day awayDate estimated Energy

What the street expects

Consensus for the coming report
Consensus EPS $0.41 Calendar consensus
Consensus revenue $15.21B Calendar consensus
Report date Nov 6, 2026 Friday, date estimated
Session Before market open 1 day away

Where PAA left off: FY2026 Q2

Full report

PAA Holds EBITDA Guidance as Capex and Pipeline Expansion Rise

EPS surprise +7.4% Reported $0.41 vs $0.38
Revenue surprise +39.1% Reported $17.69B vs $12.72B
Stock move -3.0% Event window
Subsequent drift +12.7% Up to 20 sessions

FY2026 EBITDA guidance was maintained at $2.88 billion; growth capex increased to $400–$450 million.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Volatile macro conditions and Middle East geopolitical tension.
  • Oil-price uncertainty and potential effects on hedging.
  • Execution risk on capex projects and production ramp-ups.
  • Potential shortfall in planned cost-efficiency savings.

Questions analysts left open

  • Why higher Permian volume expectations did not lift 2026 EBITDA guidance.
  • Economic returns and cost structure of the Cactus III expansion.
  • Whether the higher $400–$450 million capex level is sustainable.
  • Timing and magnitude of 2027 guidance and potential bolt-on acquisitions.

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Recent PAA quarters

All PAA earnings
-3.0%FY2026 Q2-1.7%FY2026 Q1-2.9%FY2025 Q4-0.4%FY2025 Q3

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q2

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.