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Article: Plains In Line with Zacks Numbers - Analyst Blog
- Article from:
- Zacks Investment Research - Analyst Blog
- Article date:
- November 10, 2009
- Author:
CopyrightCopyright 2009 Zacks Investment Research. (Hide copyright information)
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Plains In Line with Zacks Numbers - Analyst Blog
Plains All American Pipeline L.P.
(
PAA
) reported adjusted earnings of 59 cents per share, marginally above the Zacks Consensus Estimate of 58 cents and down from 71 cents reported a year ago.Â
Plains All American reported a 13% increase in the adjusted earnings for the Transportation segment due to higher average pipeline tariffs and increased pipeline loss allowance revenue. The Facilities segment income increased 48% driven by capacity increases from recently completed capital projects, recent acquisitions and higher average lease rates at various facilities. However, the income for the Marketing segment decreased 25% due to ...