OREANDA-NEWS.  June 10, 2014. Plains All American Pipeline, L.P. (NYSE: PAA) announced that it expects adjusted earnings before interest, taxes, depreciation and amortization ("EBITDA") for the second quarter of 2014 to exceed the mid-point of its quarterly guidance by approximately 8 to 10%.

This expected level of performance is driven by continued strong fundamentals and favorable market conditions.

On May 7, 2014, PAA furnished a Form 8-K providing midpoint adjusted EBITDA guidance of USD455 million for the second quarter of 2014 based on a guidance range of USD 430 million to USD 480 million.

The Partnership's updated outlook does not incorporate potential adjustments associated with equity compensation expense due to variations in PAA's unit price or the Partnership's outlook for future distribution levels.

Plains All American Pipeline, L.P. is a publicly traded master limited partnership that owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids ("NGL"), natural gas and refined products. PAA owns an extensive network of pipeline transportation, terminalling, storage and gathering assets in key crude oil and NGL producing basins and transportation corridors and at major market hubs in the United States and Canada. On average, PAA handles over 3.5 million barrels per day of crude oil and NGL on its pipelines. PAA is headquartered in Houston, Texas.