Plains All American Pipeline, L.P. (PAA) reported that its first-quarter net income attributable to Limited Partners was $528 million, or $1.27 per limited partner unit, compared to net income of $230 million, or $0.51 per limited partner unit in the year ago quarter.
Adjusted net income was $1.26 per unit, compared to $0.79 per unit in the year ago quarter.
Revenues for the quarter rose to $10.62 billion from 8.90 billion last year.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.98 per share on revenues of $11.27 billion for the quarter. Analysts' estimates typically exclude special items.
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