All American Pipeline has reported net income of $98 million, or $0.56 per diluted limited partner unit, for the fourth quarter of 2008, compared to $77 million, or $0.47 per diluted limited partner unit, for the same period of 2007.
The company has reported a net income of $437 million, or $2.67 per diluted limited partner unit, for the full year 2008, compared to $365 million, or $2.52 per diluted limited partner unit, for the full year 2007.
For the full year 2008, it has reported revenue of $30.06 billion, compared to $20.39 billion for the full year 2007.
All American Pipeline has reported revenue of $4.94 billion for the fourth quarter 2008, compared to $6.45 billion for the same period of 2007.
Greg Armstrong, chairman and CEO of Plains All American, said: The fiscal 2008 represents another year of good execution for the partnership. In addition to delivering operating and financial results in a volatile and challenging environment, we consummated two acquisitions for $731 million, invested approximately $491 million in organic growth capital and increased our limited partner distributions in 2008 by more than 6%.
Plains All American Pipeline, is a publicly traded master limited partnership engaged in the transportation, storage, terminalling and marketing of crude oil, refined products and liquefied petroleum gas and other natural gas related petroleum products.
