Phillips 66 Partners (PSXP) Tops Q4 EPS by 9c

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Go back to Phillips 66 Partners (PSXP) Tops Q4 EPS by 9c

Phillips 66 Partners Reports Fourth-Quarter 2018 Earnings

February 8, 2019 7:20 AM EST

Highlights

Fourth Quarter

Reported earnings of $221 million and adjusted EBITDA of $309 million Raised quarterly distribution by 5.4 percent to $0.835 per common unit Achieved five-year 30 percent distribution CAGR Record pipeline and terminal throughput volumes Commenced Sweeny to Pasadena products expansion project

Full-Year 2018

Reported earnings of $796 million and adjusted EBITDA of $1.1 billion Increased distributions per common unit by 22 percent Expanded Sand Hills Pipeline capacity to 485,000 BPD... More