# Plains All American (PAA) — Earnings

PAA · NASDAQ · Stock

Canonical page: https://www.lighthorse.io/tickers/paa/earnings

## Most recent quarter

| Metric | Value |
| --- | --- |
| Fiscal period | Q2 2026 |
| Period end | Jun 30, 2026 |
| EPS actual | $0.41 |
| EPS estimate | $0.38 |
| EPS surprise | +7.44% |
| Revenue surprise | +39.05% |
| Revenue | $17.7B |
| Revenue estimate | $12.7B |
| Reported | Aug 7, 2026 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/1070423/000107042326000031/paa-20260630.htm) |
| Earnings call | [Transcript](http://o.thsi.cn/dc-d-stock-america.teleconference/47c284b8-141d-d91c-d1cd-28e82c15f146.html) |

Plains All American reported Q2 2026 results on August 7, 2026. Earnings per share were $0.41, beating the $0.38 estimate by 7.44%. Revenue of $17.7 billion was far above the $12.7 billion consensus, a 39.05% surprise, and the highest in the table. Compared with Q2 2025, EPS rose about 14% from $0.36 and revenue about 67% from $10.6 billion.

Quarterly revenue has swung widely, between $10.6 billion and $17.7 billion, while earnings have moved in a narrower range. Annual EPS grew each year, from $1.19 in 2022 to $1.43 in 2023, $1.51 in 2024 and $1.54 in 2025. The first half of 2026 totals $0.80, against $0.75 a year earlier. The only loss in the table was Q3 2021, at $0.15 per share, followed by the high of $0.56 in Q4 2021. Plains All American beat EPS estimates in 14 of the 20 quarters, including each of the last five.

Third-quarter results came between November 2 and November 8 in each of the past five years. That points to early November 2026 for the Q3 2026 report. It will show whether revenue stays near the Q2 level or returns to the $10.6–12.9 billion range seen from 2023 to 2025.

## Earnings history

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q2 2026 | Aug 7, 2026 | $0.38 | $0.41 | 7.44% | $12.7B | $17.7B |
| Q1 2026 | May 8, 2026 | $0.37 | $0.39 | 6.15% | $12.0B | $12.5B |
| Q4 2025 | Feb 6, 2026 | $0.40 | $0.40 | 1.24% | $12.9B | $10.6B |
| Q3 2025 | Nov 5, 2025 | $0.36 | $0.39 | 9.86% | $12.5B | $11.6B |
| Q2 2025 | Aug 8, 2025 | $0.32 | $0.36 | 11.08% | $13.4B | $10.6B |
| Q1 2025 | May 9, 2025 | $0.44 | $0.39 | -10.51% | $14.1B | $12.0B |
| Q4 2024 | Feb 7, 2025 | $0.41 | $0.42 | 1.65% | $13.8B | $12.4B |
| Q3 2024 | Nov 8, 2024 | $0.31 | $0.37 | 19.32% | $13.1B | $12.7B |
| Q2 2024 | Aug 2, 2024 | $0.31 | $0.31 | -1.40% | $12.3B | $12.9B |
| Q1 2024 | May 3, 2024 | $0.39 | $0.41 | 4.83% | $13.0B | $12.0B |
| Q4 2023 | Feb 9, 2024 | $0.36 | $0.42 | 16.18% | $14.3B | $12.7B |
| Q3 2023 | Nov 3, 2023 | $0.25 | $0.35 | 40.90% | $14.2B | $12.1B |
| Q2 2023 | Aug 4, 2023 | $0.20 | $0.25 | 22.85% | $15.3B | $11.6B |
| Q1 2023 | May 5, 2023 | $0.38 | $0.41 | 7.22% | $15.9B | $12.3B |
| Q4 2022 | Feb 8, 2023 | $0.37 | $0.30 | -18.79% | $14.9B | $13.0B |
| Q3 2022 | Nov 2, 2022 | $0.29 | $0.48 | 63.88% | $16.1B | $14.3B |
| Q2 2022 | Aug 3, 2022 | $0.22 | $0.22 | -1.83% | $13.8B | $16.4B |
| Q1 2022 | May 4, 2022 | $0.36 | $0.19 | -47.60% | $12.3B | $13.7B |
| Q4 2021 | Feb 9, 2022 | $0.27 | $0.56 | 108.18% | $9.6B | $13.0B |
| Q3 2021 | Nov 2, 2021 | $0.22 | −$0.15 | -167.78% | $8.7B | $10.8B |

## Frequently Asked Questions

### When did Plains All American (PAA) last report earnings?

Plains All American last reported on Aug 7, 2026, covering fiscal Q2 2026.

### Did PAA beat earnings estimates?

Yes. Plains All American reported EPS of $0.41 for Q2 2026 against a $0.38 estimate — a 7.44% beat.

### How much revenue did PAA report last quarter?

Plains All American reported $17.7B in revenue for Q2 2026, against a consensus estimate of $12.7B.

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Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.

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Data provided by [AInvest](https://www.ainvest.com).