Plains All American Pipeline-Plains All American (PAA) Q4 Earnings Top Estimates, Sales Lag

Plains All American Pipeline, L.P. (PAA) reported fourth-quarter 2023 adjusted earnings of 42 cents per unit, which surpassed the Zacks Consensus Estimate of 37 cents by 13.5%. The bottom line improved 27.3% from the year-ago quarter’s level of 33 cents.The company reported GAAP earnings of 35 cents per unit compared with 30 cents in the year-ago period.Full-year 2023 adjusted earnings were $1.42 per share, up 13% from the previous year’s reported figure of$ 1.26.Total RevenuesNet sales of $12.7 billion mis ...