Plains All American Pipeline rises on Q4 profit beat

Plains All American Pipeline LP

09/02/2024 13:50

** Shares of Plains All American Pipeline LP  PAA.O  up 2.9%
at $15.80 premarket
    ** The pipeline operator beats fourth-quarter profit
estimates
    ** Reports Q4 adj. EPS of $0.42 vs ests $0.37 per share -
LSEG
    ** Net income attributable to PAA up ~19% at $312 mln,
compared with $263 mln in the year-ago quarter
    ** Expects full-year 2024 adj. EBITDA attributable to PAA of
$2.625 bln to $2.725 bln
    ** PAA was up ~29% in 2023

 (Reporting by Roshia Sabu in Bengaluru)
 ((Roshia.Sabu@thomsonreuters.com))