Plains All American Pipeline LP Issues Q3 2012 Earnings Guidance Below Analysts' Estimates; Raises FY 2012 Earnings Guidance-Conference Call

Plains All American Pipeline LP announced that for the third quarter of 2012, it expects midpoint adjusted EBITDA, adjusted net income and adjusted net income per diluted unit of $412 million, $240 million, and $0.99 respectively. For fiscal 2012, it expects midpoint adjusted EBITDA, adjusted net income and adjusted net income per diluted unit of $1.88 billion, $1.19 billion, and $5.42 respectively. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EBITDA of $459 million, net income of $224 million and EPS of $1.24 for the third quarter of 2012; EBITDA of $1.870 billion, net income of $973 million and EPS of $5.67 for fiscal 2012.