Plains All American Pipeline and Plains GP Holdings Report Second-Quarter 2020 Results; Update 2020 Guidance

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Go back to Plains All American Pipeline and Plains GP Holdings Report Second-Quarter 2020 Results; Update 2020 Guidance

Plains All American Pipeline (PAA) Misses Q2 EPS by 3c

August 4, 2020 4:30 PM EDT

Plains All American Pipeline (NYSE: PAA) reported Q2 EPS of $0.25, $0.03 worse than the analyst estimate of $0.28.

Summary

Reported net income for the period of $142 millionDelivered second-quarter 2020 Adjusted EBITDA of $524 millionUpdated full-year 2020 Adjusted EBITDA guidance to $2.5 billion (increase of $75 million, or 3%)Reduced 2020 / 2021... More