NasdaqGS:PAAOil and Gas
Plains All American Pipeline (PAA) Is Down 7.2% After Q2 Earnings Surge And NGL Exit Strategy - Has The Bull Case Changed?
In the second quarter of 2026, Plains All American Pipeline, L.P. reported sales of US$17,693 million and net income of US$1,830 million, with basic earnings per share rising to US$2.51 from US$0.21 a year earlier.
Management linked this performance to efficiencies and Cactus III pipeline synergies, alongside the sale of its Canadian NGL business that reduced leverage and sharpened its focus on crude oil.
Next, we’ll explore how these stronger-than-expected earnings and the Canadian NGL...