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Plains All American: Q2 Earnings Snapshot
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HOUSTON (AP) — HOUSTON (AP) — Plains All American Pipeline L.P. (PAA) on Friday reported second-quarter profit of $1.83 billion.

The Houston-based company said it had profit of $2.51 per share. Earnings, adjusted to account for discontinued operations, were 41 cents per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share.

The oil and gas transportation and storage company posted revenue of $17.69 billion in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $14.68 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PAA at https://www.zacks.com/ap/PAA

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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