HOUSTON (AP) _ Plains GP Holdings LP (PAGP) on Tuesday reported second-quarter earnings of $16 million.
The Houston-based company said it had net income of 9 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share.
The oil and gas holding company posted revenue of $3.23 billion in the period.
Plains GP shares have fallen 55% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $8.58, a fall of 62% 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 PAGP at https://www.zacks.com/ap/PAGP
© 2020 The Canadian Press. All rights reserved., source Canadian Press DataFile