Phillips 66 Partners (PSXP) Misses Q1 EPS by 14c

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Go back to Phillips 66 Partners (PSXP) Misses Q1 EPS by 14c

Phillips 66 Partners Reports First-Quarter Earnings

April 29, 2016 7:00 AM EDT

Highlights

Adjusted EBITDA of $73.8 million Distributable cash flow of $64.1 million Earnings of $52.3 million Increased quarterly distribution by 5 percent to $0.481 per common unit Acquired a 25 percent controlling interest in Phillips 66s Sweeny NGL fractionator and associated storage caverns Announced start of commercial operations on Bayou Bridge Pipeline

HOUSTON--(BUSINESS WIRE)-- Phillips 66 Partners LP (NYSE: PSXP) announces first-quarter 2016 earnings of $52.3 million, or $0.44 per common unit. Distributable cash flow was $64.1 million and... More

Phillips 66 Reports First-Quarter Earnings of $385 Million or $0.72 Per Share

April 29, 2016 7:00 AM EDT

Adjusted earnings of $360 million or $0.67 per share

Highlights

Midstream, Chemicals and Refining negatively impacted by market and seasonality Marketing and Specialties generated solid first-quarter earnings Refining utilization at 94 percent; Chemicals global O&P utilization at 93 percent $687 million of capital returned to shareholders through dividends and share repurchases $446 million invested in Midstream, primarily growth projects

HOUSTON--(BUSINESS WIRE)-- Phillips 66 (NYSE: PSX), an energy manufacturing and logistics company,... More