Plains All American Pipeline LP (PAA) reported a profit for its third quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line totaled $220 million, or $0.22 per share. This compares with $203 million, or $0.20 per share, in last year's third quarter.
Excluding items, Plains All American Pipeline LP reported adjusted earnings of $257 million or $0.37 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 5.6% to $12.743 billion from $12.071 billion last year.
Plains All American Pipeline LP earnings at a glance (GAAP) :
-Earnings (Q3): $220 Mln. vs. $203 Mln. last year.
-EPS (Q3): $0.22 vs. $0.20 last year.
-Revenue (Q3): $12.743 Bln vs. $12.071 Bln last year.
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