Phillips 66 Partners (PSXP) Tops Q2 EPS by 31c, Revenues Beat

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Go back to Phillips 66 Partners (PSXP) Tops Q2 EPS by 31c, Revenues Beat

Phillips 66 Partners Reports Second-Quarter 2020 Financial Results

July 31, 2020 7:10 AM EDT

Reported earnings of $255 million and adjusted EBITDA of $269 million Announced quarterly distribution of $0.875 per common unit Started full operations on the Gray Oak Pipeline Reached milestone at South Texas Gateway Terminal with first export cargo loaded in July Recently completed Clemens Caverns expansion

HOUSTON--(BUSINESS WIRE)-- Phillips 66 Partners LP (NYSE: PSXP) announces second-quarter 2020 earnings of $255 million, or $1.05 per diluted common unit. Cash from operations was $215 million, and distributable cash flow was $218 million. Adjusted EBITDA was $269 million in the second quarter, compared with $321 million in... More