PLAINS ALL AMERICAN PIPELINE LP(PAA)Earnings Date, History & Expected Move

Next report
Nov 3, 2026

PAA is scheduled to report on Nov 3, 2026, usually before the market opens. Analysts expect EPS of $0.40.

Next report
Nov 3, 2026
In 26 days · usually before open
EPS beat rate
55%
6 of 11 quarters (+1 not counted)
Avg move after earnings
±1.9%
Up 17% of the time · last 12
Options-implied move
—
No reliable options quote yet

EPS: Actual vs Estimate

Reported earnings per share against the consensus estimate, last 12 quarters.

Green = beat or met, red = missed, amber = our data sources disagree on beat vs miss for that quarter.

Stock Reaction After Earnings

Close-to-close move in the first session that reflected each report.

Dashed lines mark the average actual move (±1.9%).

Did the stock rise after good news?

"Beat" means the company earned more than analysts expected. Here is what the stock did the next day.

When it beat expectations
6 reports
When it missed expectations
4 reports

In plain words: it beat expectations 6 times, but the stock still fell 4 of those 6 times.

Report by report
  • May '26
    Missed
    ▼ -1.7%
  • Feb '26
    Missed
    ▼ -2.9%
  • Nov '25
    Beat
    ▼ -0.4%
  • Aug '25
    Beat
    ▼ -0.1%
  • May '25
    Missed
    ▼ -3.0%
  • Nov '24
    Beat
    ▼ -2.8%
  • Aug '24
    Missed
    ▼ -3.2%
  • May '24
    Beat
    ▲ +1.5%
  • Feb '24
    Beat
    ▲ +0.3%
  • Nov '23
    Beat
    ▼ -0.4%

Only reports with a clear beat or miss and a known price reaction are counted. A beat does not guarantee a gain.

After an EPS beat
-0.3%
average next-day move · up 33% of 6 times
After an EPS miss
-2.7%
average next-day move · up 0% of 4 times

Why did PAA fall after beating earnings?

Beating or missing estimates is only part of the story. These are the measurable things that stand out for each surprising reaction.

PAA beat EPS estimates in 6 quarters, and the stock still closed lower the next day 4 times. In 2 of the 4 where we have price data, the stock had already run up before the report.

  • Nov 5, 2025EPS beat +2.6%stock -0.4% next day

    Nothing in the price and estimate numbers we track stands out for this one. Guidance and management comments are not part of our data.

  • Aug 8, 2025EPS beat +9.1%stock -0.1% next day

    Nothing in the price and estimate numbers we track stands out for this one. Guidance and management comments are not part of our data.

  • Nov 8, 2024EPS beat +19.4%stock -2.8% next day
    • It had risen 9.3% in the final week before the report, so good news may already have been priced in.
  • Nov 3, 2023EPS beat +52.2%stock -0.4% next day
    • It had risen 9.7% in the 20 trading sessions before the report, so good news may already have been priced in.

These are patterns visible in estimates and prices, not confirmed causes. Information only, not investment advice.

Was PAA's earnings move already priced in?

Stocks often move in the weeks before a report. This compares that run-up with what happened after the report.

Avg move in the month before
+1.7%
last 12 reports
Higher before the report
50%
of the time
After a run-up of 3%+
Fell 100%
4 reports, avg -2.3%
After a drop of 3%+
Rose 33%
3 reports, avg -0.6%

“Month before” is the move over the 20 trading days up to the last close before the report. “Priced in” means the good news may already be in the price. A run-up of 5% or more is treated as large.

Before vs after each report

Grey: how the stock moved in the 20 trading days before the report. Green or red: how it moved the day after.

Past reports only: this shows what happened, not what will happen.

Does PAA hold its opening gap after earnings?

A gap is how far the stock opens from the previous close. A gap fades when the stock gives back at least half of it by the end of the day.

In 4 reports PAA opened at least 1% away from the previous close. It gave back half or more of that gap by the close 2 of 4 times (50%), and fully reversed 1 time. Gaps up faded 2 of 2; gaps down recovered 0 of 2.

  • Aug 7, 2026Held
    Opened -1.4%, closed -3.0%
  • May 8, 2026Reversed
    Opened +1.5%, closed -1.7%
  • Feb 6, 2026Held
    Opened -2.9%, closed -2.9%
  • Feb 9, 2024Faded
    Opened +1.6%, closed +0.3%

Gap = opening price vs the previous close. Close = the end of the first session that reflected the report. Reports without a clear opening time are left out.

What the history says

  • It fell after 4 of its 6 EPS beats (67%): beating estimates has not been enough on its own.

PAA earnings history

Last 12 reported quarters with the stock's reaction.

Swipe sideways to see every column →

Report dateTimeEPS est.EPS actualSurprise1-day move3-day move
Aug 7, 2026Before open$0.50$0.41sources differ-3.02%-1.57%
May 8, 2026Before open$0.42$0.39-7.1%-1.68%-0.68%
Feb 6, 2026Before open$0.45$0.40-11.1%-2.85%-2.50%
Nov 5, 2025Before open$0.38$0.39+2.6%-0.43%+1.22%
Aug 8, 2025Before open$0.33$0.36+9.1%-0.06%-1.18%
May 9, 2025Before open$0.45$0.39-13.3%-2.95%+3.78%
Feb 7, 2025Before open$0.42$0.420.0%-3.05%-1.45%
Nov 8, 2024Before open$0.31$0.37+19.4%-2.81%-4.95%
Aug 2, 2024Before open$0.32$0.31-3.1%-3.22%-3.50%
May 3, 2024Before open$0.39$0.41+5.1%+1.51%+1.51%
Feb 9, 2024Before open$0.35$0.42+20.0%+0.33%+1.82%
Nov 3, 2023Before open$0.23$0.35+52.2%-0.38%-2.08%

Consensus for the next report: EPS $0.40, revenue $14.96B.

PAA Earnings FAQ

Answers computed from PLAINS ALL AMERICAN PIPELINE LP's reported history

PAA is scheduled to report on Nov 3, 2026, usually before the market opens. Analysts expect EPS of $0.40.

Over the last 11 quarters with a usable EPS surprise, PAA beat the consensus estimate 6 times (55%), missed 4 and landed in line 1. It has missed estimates in each of the last 2 counted quarters. 1 quarter where our data sources disagree on beat versus miss are shown but not counted.

Across its last 12 quarters with a measured reaction, PAA moved an average of ±1.9% in the first session after reporting. It closed higher 17% of the time; the largest gain was 1.5% and the largest drop -3.2%.

PAA fell in the first session after 4 of its last 6 EPS beats (67%). A beat that was already priced in, or weaker guidance, can send a stock lower. In 2 of the 4 of those falls where price data is available, the stock had already risen before the report.

Across its last 12 quarters with price data, PAA moved an average of +1.7% in the 20 trading sessions before reporting and was higher in 50% of them. After a run-up of 3% or more (4 quarters), it fell the next day 100% of the time, averaging -2.3%. After a drop of 3% or more (3 quarters), it rose the next day 33% of the time, averaging -0.6%. This describes past reports; it is not a forecast.

In 4 reports PAA opened at least 1% away from the previous close. It gave back half or more of that gap by the close 2 of 4 times (50%), and fully reversed once. A fade means the opening move was partly undone during the first session.

How we calculate these numbers

Reported EPS and estimates come from Yahoo Finance; report times, upcoming dates and revenue come from Finnhub. The 1-day move is the close-to-close change over the first session that reflects the report (the report-day close for after-close reports, the prior close for pre-market reports); reactions are left blank when the report time is unknown or looks inconsistent. The expected move is the price of the nearest at-the-money straddle that expires after the report divided by the share price, shown only when the quotes are liquid. Quarters where the two data sources disagree on beat versus miss are shown but never counted. Information only, not investment advice.

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