Plains GP Holdings Shares Fall After Q3 Miss

MT Newswires Live

2024-11-09

Plains GP Holdings (PAGP) shares dropped 3.6% in recent trading Friday after the company reported Q3 results that fell short of market expectations.

The company reported Q3 net income of $0.17 per diluted share, up from $0.15 a year earlier.

Analysts polled by Capital IQ expected $0.29.

Revenue for the quarter ended Sept. 30 was $12.74 billion, up from $12.07 billion a year earlier.

Three analysts surveyed by Capital IQ expected $13.11 billion.

Price: 18.14, Change: -0.68, Percent Change: -3.64

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