Plains GP Holdings misses Q3 earnings expectations

Investing.com · 2026-11-06 12:47 UTC

Plains GP Holdings misses Q3 earnings expectations

Investing.com - Plains GP Holdings (NASDAQ:PAGP) reported third-quarter results Thursday, missing analyst expectations on earnings despite exceeding revenue estimates.

The company posted a loss of $0.16 per Class A share for the quarter, falling short of the analyst consensus estimate of $0.43 per share by $0.59. Revenue reached $15.17 billion, surpassing the consensus estimate of $14.16 billion and rising 31% YoY from $11.58 billion in the prior-year quarter.

The earnings miss was primarily driven by a $100 million impact from the repurchase of PAA Series A preferred units.

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