Plains All American Pipeline (NYSE: PAA) reported earnings on Feb. 6. 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 crushed expectations on earnings per share.

Compared to the prior-year quarter, revenue increased and GAAP earnings per share didn't move.

Margins expanded across the board.

Revenue details
Plains All American Pipeline logged revenue of $9.44 billion. The 10 analysts polled by S&P Capital IQ looked for revenue of $10.79 billion on the same basis. GAAP reported sales were 6.2% higher than the prior-year quarter's $8.89 billion.

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

EPS details
EPS came in at $1.01. The 18 earnings estimates compiled by S&P Capital IQ predicted $0.76 per share. GAAP EPS of $0.69 were the same as the prior-year quarter.

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 6.4%, 60 basis points better than the prior-year quarter. Operating margin was 4.3%, 30 basis points better than the prior-year quarter. Net margin was 3.4%, 30 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $10.45 billion. On the bottom line, the average EPS estimate is $0.69.

Next year's average estimate for revenue is $41.94 billion. The average EPS estimate is $2.68.

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 $50.64.

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