Phillips 66 Partners (PSXP) Tops Q3 EPS by 2c

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Go back to Phillips 66 Partners (PSXP) Tops Q3 EPS by 2c

Phillips 66 Reports Third-Quarter Earnings of $1.6 Billion or $2.90 Per Share

October 30, 2015 7:00 AM EDT

Adjusted earnings of $1.6 billion or $3.02 per share

Highlights

Refining generated more than $1 billion of earnings; 96 percent utilization Delivered strong Marketing and Specialties earnings Agreed to recapitalize DCP Midstream Approved 2016 capital budgets of $3.9 billion, including Phillips 66 Partners Increased share repurchase program by $2 billion

HOUSTON--(BUSINESS WIRE)-- Phillips 66 (NYSE: PSX), an energy manufacturing and logistics company, announces third-quarter earnings of $1,578 million, compared with earnings of $1,012 million in... More

Phillips 66 Partners Reports Third-Quarter Earnings

October 30, 2015 7:00 AM EDT

Highlights

Adjusted EBITDA of $73.4 million Distributable cash flow of $64.5 million Increased quarterly distribution by 7 percent to $0.428 per common unit Agreed to acquire Phillips 66s interest in the Bayou Bridge pipeline Approved $314 million 2016 capital budget Net income of $52.3 million

HOUSTON--(BUSINESS WIRE)-- Phillips 66 Partners LP (NYSE: PSXP) announces third-quarter 2015 earnings of $52.3 million, or $0.50 per common unit. Distributable cash flow was $64.5 million and adjusted earnings before interest, income taxes, depreciation... More