HOUSTON (AP) _ Plains All American Pipeline L.P. (PAA) on Wednesday reported fourth-quarter profit of $450 million.

The Houston-based company said it had profit of 56 cents per share. Earnings, adjusted for non-recurring gains, were 25 cents per share.

The results fell short of Wall Street expectations. The average estimate of five 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 $12.95 billion in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $10.01 billion.

For the year, the company reported profit of $593 million, or 55 cents per share. Revenue was reported as $42.04 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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