PAA Natural Gas Storage Reports Fourth-Quarter and Full-Year 2011 Results

HOUSTON--(BUSINESS WIRE)--PAA Natural Gas Storage, L.P. (NYSE:PNG) today reported net income of $22.0 million, or $0.30 per diluted unit, for the fourth quarter of 2011 and net income of $59.7 million, or $0.85 per diluted unit, for the full year 2011. Net income for the fourth quarter of 2010 was $9.8 million, or $0.22 per diluted unit, and full-year 2010 net income was $29.8 million. The Partnership reported earnings before interest, taxes, depreciation, depletion and amortization (“EBITDA”) o