Revenue: As of FY2025 Q1, the actual value is USD 12.01 B, missing the estimate of USD 14 B.EPS: As of FY2025 Q1, the actual value is USD 0.49.EBIT: As of FY2025 Q1, the actual value is USD 566 M.<h3>Crude Oil Segment</h3><ul><li>Revenues: $11,439 million for the three months ended March 31, 2025, compared to $11,582 million for the same period in 2024, a decrease of 1%.</li><li>Purchases and Related Costs: $10,488 million for the three months ended March 31, 2025, compared to $10,665 million for the same period in 2024, a decrease of 2%.</li><li>Field Operating Costs: $292 million for the three months ended March 31, 2025, compared to $266 million for the same period in 2024, an increase of 10%.</li><li>Segment Adjusted EBITDA: $559 million for the three months ended March 31, 2025, compared to $553 million for the same period in 2024, an increase of 1%.</li></ul><h3>NGL Segment</h3><ul><li>Revenues: $638 million for the three months ended March 31, 2025, compared to $507 million for the same period in 2024, an increase of 26%.</li><li>Purchases and Related Costs: $339 million for the three months ended March 31, 2025, compared to $346 million for the same period in 2024, a decrease of 2%.</li><li>Field Operating Costs: $76 million for the three months ended March 31, 2025, compared to $92 million for the same period in 2024, a decrease of 17%.</li><li>Segment Adjusted EBITDA: $189 million for the three months ended March 31, 2025, compared to $159 million for the same period in 2024, an increase of 19%.</li></ul><h3>Cash Flow</h3><ul><li>Net Cash Provided by Operating Activities: $639 million for the three months ended March 31, 2025, compared to $419 million for the same period in 2024.</li><li>Net Cash Used in Investing Activities: -$1,149 million for the three months ended March 31, 2025, compared to -$261 million for the same period in 2024.</li></ul><h3>Future Outlook and Strategy</h3><ul><li>Investment Capital: Total investment capital for the year ending December 31, 2025, is projected to be approximately $500 million ($400 million net to our interest).</li><li>Maintenance Capital: Maintenance capital for 2025 is projected to be approximately $260 million ($240 million net to our interest).</li></ul>

Plains All American Pipeline | 10-Q: FY2025 Q1 Revenue Misses Estimate at USD 12.01 B