Plains GP Reports 1Q Earnings; Lowers Guidance
Plains GP Holdings reported second-quarter adjusted EBITDA of $461 million, down 5% versus $486 million in the first quarter of 2015. Plains GP Holdings elected to hold its first-quarter 2016 distribution per Class A share at $0.231, unchanged from first-quarter 2016, and 2% higher than second-quarter 2015. Results were due to a combination of better performance (year-on-year increases in segment profits of Transportation and Facilities segments, offset by declines in Supply and Logistics segmen...
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