Plains All American Pipeline, L.P. announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenues of $10,620 million against $9,218 million a year ago. Operating income was $655 million against $313 million a year ago. Income before tax was $589 million against $257 million a year ago. Net income attributable to the company was $528 million or $1.27 diluted per share against $230 million or $0.51 diluted per share a year ago. Adjusted net income attributable to the company was $524 million or $1.26 diluted per share against $320 million or $0.79 diluted per share a year ago. EBITDA was $748 million against $382 million a year ago. Adjusted EBITDA was $739 million against $472 million a year ago. Net cash provided by operating activities was $979 million against $317 million a year ago. Maintenance capital expenditures for the quarter were $44 million. The company is forecasting midpoint adjusted EBITDA of $26.5 million for the second quarter. The company expects distributable cash flow of $22.6 million. The company revised earnings guidance for the year 2013. For the year, it has increased its 2013 adjusted EBITDA guidance by $135 million, representing an approximate 7% increase over its guidance issued at the beginning of the year. This updated guidance incorporates the benefit of its strong first-quarter performance as well as a slightly improved outlook for the second quarter of 2013. The company expects 2013 maintenance capital expenditures to range between $170 million and $190 million. The company is forecasting midpoint adjusted EBITDA of $120 million for the full year. The company expects distributable cash flow of $108.1 million.

Plains Supply and Logistics announced unaudited earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported profit of $150 million against $90 million a year ago. Adjusted profit was $156 million against $100 million a year ago. Adjusted profit increased 107% over comparable 2012 results. This increase was primarily related to solid execution during favorable crude oil market conditions, higher lease gathering volumes and margins and increased NGL sales volumes and margins.

Plains Transportation announced unaudited earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported profit of $164 million against $162 million a year ago. Adjusted profit was $175 million against $173 million a year ago. Adjusted profit increased 1% over comparable 2012 results. This slight increase was primarily related to benefits from the BP NGL acquisition and increased pipeline volumes, which were largely offset by higher operating expenses related to response and remediation costs from two pipeline releases and costs incurred inspecting idled pipelines to determine if these pipelines could be placed into service.