Andeavor Logistics LP (ANDX) Misses Q1 EPS by 9c
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Andeavor Logistics LP Reports First-Quarter 2019 Results
May 8, 2019 7:03 AM EDTFINDLAY, Ohio, May 8, 2019 /PRNewswire/ --
Reported first-quarter net earnings of $157 million and EBITDA of $319 million, which provided 1.06x distribution coverage and resulted in 3.9x leverage Terminalling and Transportation segment operating income of $152 million and EBITDA of $191 million driven by drop downs and strong pipeline transportation volumes Gathering and Processing segment operating income of $63 million and EBITDA of $129 million impacted by lower Rockies volumes, offset by Permian crude oil and Bakken natural gas volume growth Reported net cash from operating activities of $219 million and DCF attributable to common unitholders of $255... More