Earnings Conference Call Details: Plains All American Pipeline, L.P. held its Q2 2025 earnings conference call on August 8, 2025, featuring key executives including CEO Wilfred C.W. Chiang and CFO Al P. Swanson.
Call Structure and Access: The call included a presentation available on the Investor Relations website, with important disclosures regarding forward-looking statements and financial measures provided in the materials shared during the session.
PAA
$17.895+Infinity%1D
Analyst Views on PAA
Wall Street analysts forecast PAA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PAA is 19.89 USD with a low forecast of 17.00 USD and a high forecast of 23.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
Wall Street analysts forecast PAA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PAA is 19.89 USD with a low forecast of 17.00 USD and a high forecast of 23.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Buy
5 Hold
1 Sell
Hold
Current: 17.760
Low
17.00
Averages
19.89
High
23.00
Current: 17.760
Low
17.00
Averages
19.89
High
23.00
Morgan Stanley
Robert Kad
Equal Weight
maintain
$20 -> $21
2025-11-25
Reason
Morgan Stanley
Robert Kad
Price Target
$20 -> $21
2025-11-25
maintain
Equal Weight
Reason
Morgan Stanley analyst Robert Kad raised the firm's price target on Plains All American to $21 from $20 and keeps an Equal Weight rating on the shares. AI scrutiny has influenced recent broader market direction, but midstream and renewable infrastructure stocks offer contracted cash flow protection, the analyst argues in the firm's latest "Infrastructure Weekly."
Scotiabank
Outperform -> NULL
downgrade
$20 -> $19
2025-11-13
Reason
Scotiabank
Price Target
$20 -> $19
2025-11-13
downgrade
Outperform -> NULL
Reason
Scotiabank lowered the firm's price target on Plains All American to $19 from $20 and keeps an Outperform rating on the shares. The company is updating its price targets for U.S. Midstream stocks under its coverage, the analyst tells investors. The firm notes Q3 earnings highlighted the natural hedge provided by diversification and scale, as companies with multiple business lines, multi-basin exposure, or having the largest footprint within a basin mitigated the impacts of an uncertain macro and volatile/declining commodity prices.
Raymond James
Strong Buy
maintain
$24 -> $22
2025-10-24
Reason
Raymond James
Price Target
$24 -> $22
2025-10-24
maintain
Strong Buy
Reason
Raymond James lowered the firm's price target on Plains All American to $22 from $24 and keeps a Strong Buy rating on the shares. The firm adjusted targets in the midstream suppliers group ahead of the Q3 reports. Midstream is showing "stability" for investors as strong diesel margins and a consensus view that oil markets are oversupplied have pushed refiners to the center of generalist attention in the energy sector, the analyst tells investors in a research note. Raymond James does not major changes to the group's 2025 outlooks.
JPMorgan
Neutral
downgrade
$21 -> $20
2025-09-18
Reason
JPMorgan
Price Target
$21 -> $20
2025-09-18
downgrade
Neutral
Reason
JPMorgan lowered the firm's price target on Plains All American to $20 from $21 and keeps a Neutral rating on the shares. The firm updated the company's model.
About PAA
Plains All American Pipeline, L.P. owns and operates midstream energy infrastructure and provides logistics services for crude oil and natural gas liquids (NGL). It owns a network of pipeline gathering and transportation systems, in addition to terminalling, storage, processing, fractionation and other infrastructure assets serving key producing basins, transportation corridors and major market hubs and export outlets in the United States and Canada. Its Crude Oil segment operations consist of gathering and transporting crude oil using pipelines, gathering systems, trucks and at times on barges or railcars. Its assets provide services to third parties as well as to its merchant activities. Its NGL segment operations involve natural gas processing and NGL fractionation, storage, transportation and terminalling. NGL segment offers merchant activities include the acquisition of extraction rights from producers and/or shippers of the gas streams that pass through its Empress facility.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
