Phillips 66 Partners (PSXP) Misses Q3 EPS by 1c

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Go back to Phillips 66 Partners (PSXP) Misses Q3 EPS by 1c

Phillips 66 Reports Third-Quarter Earnings of $511 Million or $0.96 Per Share

October 28, 2016 7:01 AM EDT

Adjusted earnings of $556 million or $1.05 per share

Highlights

Marketing & Specialties delivered strong performance Refining ran at 97 percent utilization Closed sale of Whitegate Refinery Returned $508 million to shareholders through share repurchases and dividends Reduced 2016 capital guidance Phillips 66 Partners acquired Phillips 66 midstream assets in October for $1.3 billion Phillips 66 Partners raised $300 million in an August public equity offering and $1.1 billion in an October debt offering

HOUSTON--(BUSINESS... More