Plains All American Pipeline, L.P. Reports Third-Quarter Earnings of $.28 per Unit

Plains All American Pipeline, L.P.

today reported net income attributable to Plains of $81 million, or $0.28 per diluted limited partner unit, for the third quarter 2010 as compared to net income attributable to Plains for the third quarter 2009 of $122 million, or $0.65 per diluted limited partner unit. The Partnership reported earnings before interest, taxes, depreciation and amortization of $205 million for the third quarter 2010, compared with reported EBITDA of $242 million for the third quarter 2009.