U.S. pending home sales were much stronger than forecast in December
Plains All American Pipeline LP net income rises 17.6%
Published: April 28, 2005 at 9:18 a.m. ET
Steve Gelsi
NEW YORK (MarketWatch) -- Plains All American Pipeline, L.P. PAA, +0.94% on Thursday reported first-quarter net income of $32.8 million, or 43 cents a unit, an increase of 17.6% from $27.9 million, or 44 cents a unit, last year. Adjusted net income was 67 cents per unit. Revenue nearly doubled to $6.6 billion from $3.8 billion. A survey of analysts by Thomson First Call forecasted earnings of 57 cents a unit and revenue of $5.85 billion. Shares rose a penny to $41.86 on Wednesday.
Steve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.