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Plains GP: Q1 Earnings Snapshot

May 4, 2021 GMT

HOUSTON (AP) _ Plains GP Holdings LP (PAGP) on Tuesday reported first-quarter net income of $70 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Houston-based company said it had net income of 36 cents.

The oil and gas holding company posted revenue of $8.38 billion in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $7.3 billion.

Plains GP shares have increased 12% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $9.48, an increase of nearly 9% in the last 12 months.

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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