Tesoro Petroleum (TSO) Tops Q2 EPS by 60c

Tesoro Petroleum (NYSE: TSO) reported Q2 EPS of $4.62, $0.60 better than the analyst estimate of $4.02. Revenue for the quarter came in at $8.23 billion versus the consensus estimate of $6.8 billion.

• Approved a 18% increase to regularly quarterly dividend to $0.50 per share
• Returned over $300 million to shareholders in the second quarter
• Delivered over $325 million of business improvements in the first half of 2015
• Company on target to achieve business improvements of approximately $670 million for 2015
• Expects to offer drop down to TLLP of $50 million to $75 million of EBITDA

For earnings history and earnings-related data on Tesoro Petroleum (TSO) click here.

You May Also Be Interested In

• Goldman Sachs Downgrades Norsk Hydro SA (NHY:NO) (NHYDY) to Neutral
• Kotak Upgrades Shriram Finance Ltd (SHFL:IN) to Buy (1)
• Accenture shares fall on insider sales and analyst downgrade