Core Viewpoint - Plains All American Pipeline, L.P. (PAA) is anticipated to report a decline in both earnings and revenues for the second quarter of 2025, with earnings per unit expected at 30 cents, reflecting a year-over-year decrease of 3.23%, and revenues projected at $12.05 billion, indicating a decline of 6.84% [1][2]. Group 1: Earnings Expectations - The Zacks Consensus Estimate for PAA's second-quarter earnings per unit is 30 cents, which represents a year-over-year decline of 3.23% [2]. - The consensus estimate for PAA's second-quarter revenues is $12.05 billion, implying a year-over-year decline of 6.84% [2]. Group 2: Factors Influencing Earnings - PAA operates a vast network of pipelines and storage facilities in major oil-producing regions, which is expected to have positively influenced second-quarter earnings due to steady revenue flow from creditworthy customers [3][8]. - The midstream assets managed by PAA are essential for the U.S. energy sector, facilitating efficient crude oil transportation, which likely contributed to improved performance in the second quarter [4]. - A significant portion of PAA's cash flow is derived from fee-based contracts, providing consistent income streams that are less affected by short-term oil price fluctuations, which is expected to positively impact second-quarter results [5][8]. Group 3: Earnings Prediction Model - The Zacks model does not predict an earnings beat for PAA, as it has an Earnings ESP of -6.04% and a Zacks Rank of 4 (Sell) [6].