Plains GP: 4Q Earnings Snapshot

Associated Press
Updated ·1 min read

HOUSTON (AP) _ Plains GP Holdings LP (PAGP) on Tuesday reported a fourth-quarter loss of $20 million, after reporting a profit in the same period a year earlier.

The Houston-based company said it had a loss of 11 cents per share.

The oil and gas holding company posted revenue of $5.96 billion in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $7.23 billion.

For the year, the company reported a loss of $568 million, or $3.07 per share, swinging to a loss in the period. Revenue was reported as $23.29 billion.

Plains GP shares have risen 11% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $9.36, a drop of 42% 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