PAA

Plains All American Pipeline (PAA) received an upgrade to Zacks Rank #2 (Buy) based on upward trends in earnings estimates. The company is positioned in the top 20% of Zacks-covered stocks for estimate revisions, suggesting potential near-term stock price appreciation driven by improving business fundamentals and institutional investor buying pressure.

ONEOK (OKE) is scheduled to report Q3 2026 earnings on October 27 with revenues expected to rise 36.34% year-over-year to $11.77 billion. The company is predicted to beat consensus estimates driven by higher transportation volumes, summer fuel demand, FERC tariff adjustments, and pipeline expansion completions. ONEOK's ROE of 16.41% exceeds the industry average, and shares have gained 33.5% over the past year.

The Oil and Gas - Pipeline MLP industry is positioned for growth driven by billions in capital projects, stable fee-based revenues from long-term contracts, and rising natural gas demand from data centers. The industry ranks #26 among Zacks industries and has outperformed the S&P 500 by 62.8% over the past year. Enterprise Products Partners, Energy Transfer, and Plains All American Pipeline are highlighted as key beneficiaries of these favorable trends.

Energy Transfer LP (ET) has gained 27.2% over the past year, trailing its industry's 64.6% rally. While the company benefits from a 140,000-mile pipeline network and nearly 90% fee-based revenues supporting stable cash flows, rising earnings estimates, and discounted valuation, concerns about high debt levels (57.52% debt-to-capital), weak ROE (11.55% vs. 14.22% industry average), and substantial capital requirements suggest investors should wait for a more attractive entry point. ET holds a Zacks Rank #3 (Hold) rating.

The article discusses using Zacks' Earnings ESP (Expected Surprise Prediction) filter to identify stocks likely to beat quarterly earnings expectations. Two oil and energy stocks highlighted are CVR Energy with a +35.65% ESP and Plains All American Pipeline with a +2.69% ESP, both holding #3 (Hold) Zacks Rank ratings and expected to report earnings in early November 2026.