HOUSTON (AP) _ Plains GP Holdings LP (PAGP) on Monday reported fourth-quarter profit of $ 25 million.
The Houston-based company said it had profit of 11 cents per share.
The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share.
The oil and gas holding company posted revenue of $ 5 billion in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $ 8.17 billion.
For the year, the company reported profit of $ 118 million, or 53 cents per share. Revenue was reported as $ 23.15 billion.
Plains GP shares have declined 33 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $ 6.37, a fall of 76 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PAGP at http://www.zacks.com/ap/PAGP
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Keywords: Plains GP Holdings, Earnings Report
