Pipeline Operator Plains All American Raises 2022 Profit Forecast

摘要

Bolstered by higher volumes on its Permian Basin pipelines and better prices, operator Plains All American raised its profit forecast for the third time this year. Recently, fellow operators Magellan Midstream Partners and Energy Transfer also raised their earnings outlooks. Crude oil pipeline tariff volumes rose 23 to 7.5 MMbpd, Plains said, with volumes in the Permian Basin of Texas and New Mexico climbing about 30.