Phillips 66 Reports Third-Quarter Earnings of $712 Million or $1.58 Per Share

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Go back to Phillips 66 Reports Third-Quarter Earnings of $712 Million or $1.58 Per Share

Phillips 66 (PSX) Tops Q3 EPS by 50c; Announces New $3B Share Buyback Plan

October 25, 2019 7:02 AM EDT

Phillips 66 (NYSE: PSX) reported Q3 EPS of $3.11, $0.50 better than the analyst estimate of $2.61.

Highlights

Generated $1.7 billion of operating cash flowReturned $841 million to shareholders through dividends and share repurchasesInitiated line fill on Gray Oak Pipeline; progressing Red Oak and Liberty pipelinesStarted up Lake Charles isomerization unitOperated at 97% utilization in... More