Plains All American Pipeline (PAA) Q2 Expectations: Analysts Forecast 3.2% EPS Decline and 6.8% Revenue Drop

Plains All American Pipeline (PAA) is expected to post Q2 earnings of $0.30 per share, down 3.2% YoY, with revenues of $12.05 billion, a 6.8% decline from the previous year. Analysts have revised their EPS estimates downward by 8.5% in the past 30 days. Key metrics include estimated revenues-NGL of $139.11 million, a 52.5% YoY decline, and segment adjusted EBITDA-NGL of $68.82 million, compared to $94 million in the same quarter last year.

Wall Street analysts are anticipating a decline in Plains All American Pipeline's (PAA) quarterly earnings for the second quarter of 2025. The consensus estimate projects an earnings per share (EPS) of $0.30, marking a 3.2% year-over-year (YoY) decrease. Revenues are expected to total $12.05 billion, a 6.8% drop from the previous year [1].

In the past 30 days, analysts have revised their EPS estimates downward by 8.5%, indicating a reassessment of the company's financial performance. This downward revision is a significant indicator for predicting potential investor actions regarding the stock.

Key metrics tracked by analysts include estimated revenues from natural gas liquids (NGL) of $139.11 million, a 52.5% YoY decline, and segment adjusted EBITDA from NGL of $68.82 million, compared to $94 million in the same quarter last year. Additionally, analysts expect segment adjusted EBITDA from crude oil to come in at $598.78 million, compared to $576 million in the previous year.

Over the past month, PAA shares have recorded returns of -2.3% versus the Zacks S&P 500 composite's +1% change. Based on its Zacks Rank #4 (Sell), PAA is expected to underperform the overall market in the upcoming period [1].

APA Corporation, another independent oil and gas exploration and production company, is also set to release its second-quarter results on August 6. The bottom-line estimate for the to-be-reported quarter is pegged at a profit of 45 cents on revenues of $2.07 billion. APA's revenues are likely to have suffered in the quarter to be reported, with the Zacks Consensus Estimate for second-quarter revenues down from the year-ago quarter’s $2.54 billion [2].

Phillips 66 (PSX) has held its Q2 earnings call, highlighting strong operational execution in its refining and midstream segments, but noting challenges in the chemicals segment, renewable fuels margins, and higher debt levels. The company reported a remarkable refining utilization rate of 98% and a clean product yield of over 86% [3].

Investors should closely monitor these earnings reports and the related market reactions to gauge the overall health and performance of these companies in the energy sector.

References:
[1] https://www.nasdaq.com/articles/unlocking-q2-potential-plains-all-american-paa-exploring-wall-street-estimates-key-metrics
[2] https://finance.yahoo.com/news/apa-corporation-q2-earnings-deck-120300501.html
[3] https://www.theglobeandmail.com/investing/markets/stocks/PSX/pressreleases/33728292/phillips-66-earnings-call-strong-execution-amid-challenges/