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More on Plains All American's (PAA) Q1 results: Earnings were helped by heavy pipeline traffic,...

More on Plains All American's (PAA) Q1 results: Earnings were helped by heavy pipeline traffic, while profits at PAA Natural Gas Storage (PNG) rose 12%. Q1 benefited from "solid fee-based results in our transportation and facilities segments and outstanding execution in our margin-based supply and logistics segment." Increases its 2013 capex program to $1.4B from $1.1B. PAA +0.6% AH.
Comments (3)
  • WOW! Spectacular performance with beats on bottom and top line.
    6 May 2013, 08:25 PM Reply Like
  • Greed is good.
    6 May 2013, 09:05 PM Reply Like
  • PAA has been a spectacular performer for me the last six months. The debt level is too high according to one pundit, but I have faith in management's capability. If they keep increasing the distribution I will hold my winner.
    7 May 2013, 01:48 AM Reply Like
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