Plains All American Pipeline LP (PAA) reported a profit for second quarter that decreased from last year in line with the Street estimates.
The company's bottom line came in at $250 million, or $0.26 per share. This compares with $293 million, or $0.32 per share, in last year's second quarter.
Excluding items, Plains All American Pipeline LP reported adjusted earnings of $288 million or $0.31 per share for the period.
Analysts on average had expected the company to earn $0.31 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 11.5% to $12.933 billion from $11.602 billion last year.
Plains All American Pipeline LP earnings at a glance (GAAP) :
-Earnings (Q2): $250 Mln. vs. $293 Mln. last year.
-EPS (Q2): $0.26 vs. $0.32 last year.
-Revenue (Q2): $12.933 Bln vs. $11.602 Bln last year.
For comments and feedback: editorial@rttnews.com