HOUSTON (AP) _ Plains All American Pipeline L.P. (PAA) on Wednesday reported third-quarter profit of $384 million.
On a per-share basis, the Houston-based company said it had profit of 48 cents. Earnings, adjusted for non-recurring gains, came to 33 cents per share.
The results topped Wall Street expectations. The average estimate of four 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 $14.34 billion in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $14.77 billion.
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
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