Pipeline operator Plains All American up as second-quarter profit beats

Plains All American Pipeline LP

04/08/2023 17:23

** Pipeline operator Plains All American's shares  PAA.O 
rise 2.2% to $15.05
    ** PAA posts Q2 profit of $0.25/shr, beating the average
analyst estimate of $0.24/shr - Refinitiv
    ** Co beat profit estimates for three out of five prior
quarters
    ** Co also said it sees 2023 profit at the top end of
previous guidance of $2.45 bln to $2.55 bln on higher crude oil
volumes
    ** Accounting for session gains, stock up 28% YTD

 (Reporting by Arshreet Singh)
 ((Twitter: https://twitter.com/Arshreets))