Plains All American Q3 Earnings Exceed Estimates, Sales Decline Y/Y

Plains All American Pipeline reported Q3 2025 adjusted earnings of 39 cents per unit, beating the Zacks Consensus Estimate of 34 cents by 14.7%. Total revenues net sales of $11.58 billion missed the Zacks Consensus Estimate of $12.96 billion by 10.6% and decreased 7% from the year-ago quarter. The company narrowed its adjusted EBITDA guidance for 2025 to $2.84-$2.89 billion and adjusted free cash flow is now anticipated to be $900 million.