Quarterly / Earnings Reports | Capital Markets | Private Equity Activity
Plains All American: Q2 Earnings to Exceed Guidance
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Plains All American Pipeline L.P. expects adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) for the second quarter of 2013 to exceed the mid-point of its quarterly guidance by approximately 10%.
This expected level of performance is driven by continued strong fundamentals and favorable market conditions, albeit less favorable than experienced during the first quarter of 2013.
On May 6, 2013, PAA furnished a Form 8-K providing midpoint adjusted EBITDA guidance of $435 million for the second quarter of 2013 based on a guidance range of $415 million to $455 million. The Partnership's updated outlook does not incorporate potential adjustments associated with equity compensation expense due to variations in PAA's unit price or the Partnership’s outlook for future distribution levels.
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