PAA Posts Strong 1Q13 Earnings

Press release:

“PAA reported very strong first-quarter results, which meaningfully exceeded 2012’s comparable results as well as our guidance,” said Greg L. Armstrong, Chairman and CEO of Plains All American. “This performance was underpinned by solid fee-based results in our Transportation and Facilities segments and outstanding execution in our margin-based Supply and Logistics segment. We have increased our 2013 adjusted EBITDA guidance by $135 million, representing an approximate 7% increase over our guidance issued at the beginning of the year. This updated guidance incorporates the benefit of our strong first-quarter performance as well as a slightly improved outlook for the second quarter of 2013."

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