Phillips 66 (PSX) Tops Q3 EPS by 8c
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Go back to Phillips 66 (PSX) Tops Q3 EPS by 8c
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
October 28, 2016 7:01 AM EDT
Highlights
Finalized formation of STACK joint venture
Completed acquisition of an additional 2.5 percent interest in
Explorer Pipeline
Increased quarterly distribution by 5 percent to $0.531 per common unit
Raised $300 million from issuance of public equity
Completed $1.3 billion acquisition of logistics assets from Phillips
66 and issued $1.1 billion of senior notes in October
HOUSTON--(BUSINESS WIRE)--
Phillips 66 Partners LP (NYSE: PSXP) announces third-quarter 2016
earnings of $83.1 million, or $0.57 per common unit. Cash from... More
