Plains All American Pipeline, L.P. (NASDAQ:PAA) reported downbeat earnings for the fourth quarter on Friday.
The company posted quarterly earnings of 40 cents per share which missed the analyst consensus estimate of 41 cents per share. The company reported quarterly sales of $10.565 billion which missed the analyst consensus estimate of $12.731 billion.
“Last year we took significant steps to transition the company toward becoming the premier North American pure play crude oil midstream provider, including the announced sale of our Canadian NGL business and the acquisition of Cactus III. For 2026, the team is focused on closing the pending NGL sale, realizing synergies on the Cactus III acquisition and driving efficiency initiatives …