Plains Gp (PAGP) Q2 Revenue Falls 17%

Plains Gp (NASDAQ:PAGP), a leading midstream energy company operating an expansive network of crude oil and natural gas liquids (NGL) pipelines and storage assets, reported its financial results on August 8, 2025. The earnings release highlighted that GAAP earnings per share (EPS) and revenue missed analyst expectations. Adjusted EPS came in at $0.36 versus a $0.39 consensus, and GAAP revenue totaled $10.64 billion against a $12.56 billion estimate, while adjusted EPS rose 16.1%. Despite some operational strengths, the quarter fell short of Street expectations, largely due to commodity price declines and softness in NGL margins. Management described their performance as advancing strategic priorities but acknowledged continued market volatility. Source: Analyst estimates for the quarter provided by FactSet. Plains Gp is a major midstream energy infrastructure company. It owns and operates a vast system of crude oil and NGL pipelines, storage facilities, and related assets. Its primary operations are in key North American basins, with a substantial presence in the Permian Basin, one of the largest oil-producing regions globally.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool