Plains GP Holdings reported results that keep it on pace for its yearly target, and the Canadian business sale lowered debt compared with operating earnings. Higher project spending and little added operating earnings this year temper the gains, but efficiency plans and customer-backed projects support future growth.
The sale leaves the company with less debt compared with its operating earnings. Its planned efficiencies and customer-backed projects could strengthen results later. Higher spending and little added operating earnings this year limit the immediate benefit, but the debt reduction and projects make the report favorable.
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