Plains All American Pipeline (NYSE:PAA – Get Free Report) announced its quarterly earnings results on Friday. The pipeline company reported $0.31 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.31, Briefing.com reports. The firm had revenue of $12.93 billion for the quarter, compared to analyst estimates of $12.32 billion. Plains All American Pipeline had a net margin of 2.08% and a return on equity of 10.53%. The business’s revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.25 earnings per share.
Plains All American Pipeline Stock Performance
Shares of PAA stock traded down $0.71 during trading hours on Monday, hitting $16.71. 1,895,499 shares of the company were exchanged, compared to its average volume of 2,894,886. The company has a current ratio of 0.97, a quick ratio of 0.88 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $11.71 billion, a price-to-earnings ratio of 14.40 and a beta of 1.61. The firm has a fifty day simple moving average of $17.78 and a 200 day simple moving average of $17.22. Plains All American Pipeline has a 52-week low of $14.25 and a 52-week high of $19.17.
Plains All American Pipeline Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Wednesday, July 31st will be paid a $0.3175 dividend. This represents a $1.27 dividend on an annualized basis and a yield of 7.60%. The ex-dividend date is Wednesday, July 31st. Plains All American Pipeline’s payout ratio is 109.48%.
Analyst Ratings Changes
Get Our Latest Analysis on PAA
Plains All American Pipeline Company Profile
Plains All American Pipeline, L.P., through its subsidiaries, engages in the pipeline transportation, terminaling, storage, and gathering of crude oil and natural gas liquids (NGL) in the United States and Canada. The company operates through two segments, Crude Oil and NGL. The Crude Oil segment offers gathering and transporting crude oil through pipelines, gathering systems, trucks, and on barges or railcars.
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