Andeavor Logistics LP (ANDX) Misses Q4 EPS by 9c

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Go back to Andeavor Logistics LP (ANDX) Misses Q4 EPS by 9c

Andeavor Logistics LP Reports Fourth-Quarter and Full-Year 2018 Results

February 7, 2019 7:03 AM EST

FINDLAY, Ohio, Feb. 7, 2019 /PRNewswire/ --

Reported full-year net earnings of $600 million and EBITDA of $1.2 billion, an increase of $294 million and $252 million, respectively Terminalling and Transportation: segment operating income increased by $101 million primarily due to the 2018 Drop Down and the SLC Core Pipeline System acquisition Gathering and Processing: executed on Permian growth strategy and grew gathered volumes by 74 mbpd year-over-year to 225 mbpd and began construction of additional gathering projectsFull-year net cash from operating activities of $1.0 billion and DCF attributable to common unitholders of $907 million, resulting in 1.02x... More