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Plains All American Nears Completion of Diamond Pipeline, Progresses with Other Projects

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SUGAR LAND--November 8, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--Midstream operator Plains All American Pipeline LP (NYSE:PAA) (Houston, Texas) reported earnings were down in the recently passed third quarter, with the company's major Diamond Pipeline project wrapping up construction and several other projects underway. Plains reported third-quarter 2017 net income of $33 million, compared with $297 million in third-quarter 2016. The company reported a $6 million negative impact from Hurricane Harvey, which hit Texas in late August.

Within this article: Details of major Plains All American projects

Other companies featured: Valero Energy Corporation (NYSE:VLO), Marathon Petroleum Corporation (NYSE:MPC), BP plc (NYSE:BP)

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Industry Segment: Pipelines
Word Count: 629 Words

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