HOUSTON (AP) _ Plains GP Holdings LP (PAGP) on Tuesday reported a fourth-quarter loss of $ 20 million, after reporting a profit in the same period a year earlier.
The Houston-based company said it had a loss of 11 cents per share.
The oil and gas holding company posted revenue of $ 5.96 billion in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $ 7.23 billion.
For the year, the company reported a loss of $ 568 million, or $ 3.07 per share, swinging to a loss in the period. Revenue was reported as $ 23.29 billion.
Plains GP shares have risen 11% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $ 9.36, a drop of 42% in the last 12 months.