Plains All American Pipeline (NYSE: PAA) reported earnings on Feb. 8. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Plains All American Pipeline whiffed on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share expanded significantly.

Margins grew across the board.

Revenue details
Plains All American Pipeline reported revenue of $8.88 billion. The five analysts polled by S&P Capital IQ anticipated revenue of $10.27 billion on the same basis. GAAP reported sales were 23% higher than the prior-year quarter's $7.23 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Non-GAAP EPS came in at $1.65. The 14 earnings estimates compiled by S&P Capital IQ averaged $1.61 per share on the same basis. GAAP EPS of $1.37 for Q4 were 99% higher than the prior-year quarter's $0.69 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 5.8%, 80 basis points better than the prior-year quarter. Operating margin was 4.0%, 90 basis points better than the prior-year quarter. Net margin was 3.1%, 110 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $8.03 billion. On the bottom line, the average EPS estimate is $1.27.

Next year's average estimate for revenue is $32.31 billion. The average EPS estimate is $4.66.

Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Plains All American Pipeline is outperform, with an average price target of $72.20.

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