Plains GP: 3Q Earnings Snapshot

November 5, 2019 GMT

HOUSTON (AP) _ Plains GP Holdings LP (PAGP) on Tuesday reported third-quarter profit of $70 million.

The Houston-based company said it had profit of 41 cents per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.

The oil and gas holding company posted revenue of $7.89 billion in the period, which missed Street forecasts. Five analysts surveyed by Zacks expected $8.26 billion.

Plains GP shares have declined 3% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $19.49, a fall of 14% 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