HOUSTON (AP) _ Plains All American Pipeline L.P. (PAA) on Tuesday reported second-quarter net income of $92 million.

The Houston-based company said it had profit of 13 cents per share. Earnings, adjusted for non-recurring costs, came to 25 cents per share.

The results did not meet Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share.

The oil and gas transportation and storage company posted revenue of $3.23 billion in the period, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $7.03 billion.

Plains All American shares have dropped 55% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $8.34, a drop of 63% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PAA at https://www.zacks.com/ap/PAA

Automated Insights, source Associated Press News