Plains All American raises 2012 adjusted EBITA guidance midpoint

theflyonthewall.com

The company said, "The environment for crude oil production growth in North America remains very favorable and we continue to experience strong demand for our assets and services. As a result, we have increased our midpoint guidance for adjusted EBITDA to slightly over $2 billion for the full year of 2012, representing a 7% increase over our previous guidance midpoint for 2012."

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