Phillips 66 (PSX) Tops Q3 EPS by 8c
Get Alerts PSX Hot Sheet
Join SI Premium – FREE
Phillips 66 (NYSE: PSX) reported Q3 EPS of $0.96, $0.08 better than the analyst estimate of $0.88.
"Our earnings during the third quarter reflect the benefit of our diversified portfolio. We generated $1.2 billion in cash from operations and a Phillips 66 Partners equity offering," said Greg Garland, chairman and CEO of Phillips 66. "This year we are delivering record operational excellence results, managing costs, executing our major projects and maintaining disciplined capital allocation. We have lowered our forecasted 2016 capital expenditures to approximately $3 billion."
"We continue to grow our Midstream business, including our MLP. This year, Phillips 66 Partners has raised more than $2 billion in the capital markets to fund its growth," said Garland.
For earnings history and earnings-related data on Phillips 66 (PSX) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Phillips 66 (PSX) Exploring Sale of 25% Stake in the Rex Interstate Natural Gas Pipeline - Reuters
- P3 Health Partners Inc. (PIII) Misses Q4 EPS by 14c, reaffirms guidance
- Pulse Biosciences, Inc. (PLSE) Tops Q4 EPS by 2c
Create E-mail Alert Related Categories
Earnings, Management CommentsRelated Entities
Earnings, Equity OfferingsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!