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.

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