Phillips 66 Reports Second-Quarter 2020 Financial Results

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Go back to Phillips 66 Reports Second-Quarter 2020 Financial Results

Phillips 66 (PSX) Tops Q2 EPS by 18c

July 31, 2020 7:02 AM EDT

Phillips 66 (NYSE: PSX) reported Q2 EPS of ($0.74), $0.18 better than the analyst estimate of ($0.92).

Reported a second-quarter loss of $141 million or $0.33 per share; adjusted loss of $324 million or $0.74 per shareGenerated $764 million of operating cash flowIssued $2 billion of senior notes during the quarter; increased term loan capacity by $1 billionStarted full operations on the Gray Oak PipelineReached milestone at South Texas Gateway Terminal with first export cargo loaded in... More