PAA - Pipeline Powerhouse Plains All American Beats On Earnings with Flat EBITDA: Details | Benzinga
Plains All American Pipeline, L.P. (NASDAQ:PAA) shares are trading higher after it reported revenue of $11.995 billion, missing the consensus of $12.977 billion.
The company reported an operating income of $370 million, compared to $473 million a year ago. The adjusted EBITDA attributable to PAA remained broadly flat Y/Y at $718 million.
The Crude Oil Segment Adjusted EBITDA rose 7% Y/Y to $553 million, led by higher tariff volumes on the pipelines, tariff escalations and contributions from acquisitions.
NGL Segment Adjusted EBITDA decreased 17% Y/Y to $159 million, due to lower realized frac spreads. PAA ...