Phillips 66 Partners (PSXP) Misses Q1 EPS by 5c

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Go back to Phillips 66 Partners (PSXP) Misses Q1 EPS by 5c

Phillips 66 Partners Reports First-Quarter 2019 Earnings

April 30, 2019 7:20 AM EDT

Highlights

Reported earnings of $198 million and adjusted EBITDA of $281 million Increased quarterly distribution to $0.845 per common unit Achieved record Sand Hills Pipeline volumes of 494,000 BPD Completed second phase of Bayou Bridge Pipeline Increased Bakken Pipeline capacity to 570,000 BPD Progressed construction of 900,000 BPD Gray Oak Pipeline

HOUSTON--(BUSINESS WIRE)-- Phillips 66 Partners LP (NYSE: PSXP) announces first-quarter 2019 earnings of $198 million, or $0.92 per diluted common unit. Cash... More