Plains All American Q3 Earnings Lag Estimates, Sales Increase Y/Y

Plains All American Pipeline (PAA) reported Q3 2026 adjusted loss of 4 cents per unit, missing consensus estimates, though sales rose 31.1% to $15.17B. Adjusted EBITDA increased 6.3% to $711M supported by higher pipeline volumes and the Cactus III acquisition. Permian pipeline volumes grew 7.8% to 8.07M barrels per day. The company maintained its 2026 EBITDA outlook of $2.88B and holds a Zacks Rank #1 (Strong Buy).