Plains GP: 2Q Earnings Snapshot
Aug. 07, 2018
HOUSTON (AP) _ Plains GP Holdings LP (PAGP) on Tuesday reported second-quarter net income of $7 million.
The Houston-based company said it had profit of 5 cents per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share.
The oil and gas holding company posted revenue of $8.08 billion in the period.
Plains GP shares have risen 13 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $24.78, a fall of 4 percent in the last 12 months.