February 7, 2017 / 9:26 PM / 6 months ago

Plains All American quarterly profit nearly halves as costs jump

Feb 6 (Reuters) - Plains All American Pipeline LP reported a quarterly profit that nearly halved as costs jumped 23.3 percent at the pipeline operator.

The Houston-based company's net income fell to $126 million, or 14 cents per share, in the fourth-quarter ended Dec. 31, from $247 million, or 24 cents per share, a year earlier.

However, the company, one of the top U.S. transporters of oil and gas, said total revenue rose about 19 percent to $5.95 billion. (Reporting by Ahmed Farhatha in Bengaluru; Editing by Sriraj Kalluvila)

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