How did PAGP's Q4 2024 earnings surprise impact investor sentiment?

Plains GP (PAGP) reported an earnings per share (EPS) surprise of -$0.53 for Q4 2024, which represents a significant negative deviation from the expected earnings. This negative surprise likely contributed to a decline in investor sentiment, as reflected by the stock's price movement. The stock experienced a decrease of 2.65% on April 8, 2025, following the release of the earnings report. This decline suggests that investors may have had concerns about the company's performance or outlook, leading to a negative sentiment surrounding the stock.