Plains All American Pipeline (PAA) surpassed Q1 2026 expectations. EPS was $0.39, beating the $0.38 forecast by 2.63%. Revenue reached $12.49 billion, exceeding $11.61 billion by 7.58%.
The stock initially dipped 0.45% but rebounded 1.37% in premarket. P/E ratio is 16.95, dividend yield 7.63%. Bond.az analysis suggests the stock is undervalued.
The company raised full-year adjusted EBITDA guidance to $2.88 billion. The NGL segment outperformed by $45 million. The Cactus III acquisition contributed positively.
CEO Willie Chiang highlighted strategic positioning in the Permian Basin. CFO Al Swanson noted NGL segment strength and Cactus III impact.
Analysts asked about the EPIC pipeline expansion. Management remains optimistic about long-term opportunities.
