Plains All American Pipeline rises on higher crude oil pipeline volumes

Plains All American Pipeline LP

05/05/2023 20:59

**  Shares of pipeline operator Plains All American Pipeline
LP  PAA.O  up 4.97% at $12.88
    ** Qtrly crude oil pipeline volumes rose nearly 16% on the
back of production growth in the top U.S. shale basin
    ** Co reaffirmed guidance for FY adj earnings before
interest, tax, depreciation and amortization of $2.45 bln-$2.55
bln, said volumes on its Permian pipeline grew 20% to average
6.3 million barrels per day (bpd)
    ** Q1 net income, excluding items, rose 29% to $344 mln, or
41 cents per share
    ** PAA stock up 9.55% YTD

 (Reporting by Rupali Chaudhary in Bengaluru)
 ((Rupali.chaudhary@thomsonreuters.com))