Phillips 66 Partners Reports Fourth-Quarter Earnings

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Go back to Phillips 66 Partners Reports Fourth-Quarter Earnings

Phillips 66 Partners (PSXP) PT Raised to $63 at Stifel Following 4Q Report

February 6, 2017 9:15 AM EST

Stifel raised its price target on Phillips 66 Partners (NYSE: PSXP) to $63.00 (from $52.00) while maintaining a Buy rating following the company's 4Q earnings report.

Analyst Selman Akyol commented, "Phillips 66 Partners LP posted 4Q16 results above Stifel estimates, reporting Adjusted EBITDA of $161.0 million against our... More

Phillips 66 Partners (PSXP) Misses Q4 EPS by 10c

February 3, 2017 7:03 AM EST

Phillips 66 Partners (NYSE: PSXP) reported Q4 EPS of $0.65, $0.10 worse than the analyst estimate of $0.75.

Delivered earnings of $98 million; adjusted EBITDA of $161 millionIncreased quarterly distribution 5 percent to $0.558 per common unitCompleted $1.3 billion acquisition of logistics assets from Phillips 66Acquired... More