Plains All American Pipeline's Q4 Adjusted Earnings Flat as Revenue Declines

MT Newswires Live
07 Feb

Plains All American Pipeline (PAA) reported Q4 adjusted earnings Friday of $0.42 per diluted unit, flat compared with a year earlier.

Analysts polled by FactSet expected $0.41.

Revenue for the quarter ended was Dec. 31 was $12.40 billion, down from $12.70 billion a year earlier.

Analysts surveyed by FactSet expected $13.76 billion.

Additionally, the company said it has increased the annualized distribution by $0.25 to $1.52 per unit payable Feb. 14.

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