Phillips 66 Partners (PSXP) Tops Q4 EPS by 8c
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Phillips 66 Reports Fourth-Quarter Earnings of $650 Million or $1.20 Per Share
January 29, 2016 7:00 AM ESTAdjusted earnings of $710 million or $1.31 per share
Highlights
Fourth Quarter
Generated $1.5 billion in cash from operations Refining achieved 94 percent utilization and record 85 percent clean product yield Sweeny Fractionator One and Clemens Caverns commenced operationsFull-Year 2015
Earnings of $4.2 billion; operating cash flow of $5.7 billion Refining generated $2.6 billion of earnings Chemicals delivered $962 million in earnings amid declining commodity prices Received $1.5 billion from Phillips 66 Partners debt and equity offerings Capital spending of $4.3 billion,... MorePhillips 66 Partners Reports Fourth-Quarter Earnings
January 29, 2016 7:00 AM ESTHighlights
Adjusted EBITDA of $87 million Distributable cash flow (DCF) of $74 million Increased quarterly distribution by 7 percent to $0.458 per common unit Acquired Phillips 66s interest in the Bayou Bridge Pipeline joint venture Net income of $65 millionHOUSTON--(BUSINESS WIRE)-- Phillips 66 Partners LP (NYSE: PSXP) announces fourth-quarter 2015 earnings of $65 million, or $0.61 per common unit. Adjusted earnings before interest, income taxes, depreciation and amortization (adjusted EBITDA) were $87 million and distributable cash flow was $74... More
