Phillips 66 Partners (PSXP) Tops Q3 EPS by 1c

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Go back to Phillips 66 Partners (PSXP) Tops Q3 EPS by 1c

Phillips 66 Partners Reports Third-Quarter 2020 Financial Results

October 30, 2020 7:20 AM EDT

Reported earnings of $206 million and adjusted EBITDA of $313 million Announced quarterly distribution of $0.875 per common unit Completed Sweeny to Pasadena Pipeline expansion project Continued ramp-up of volumes on the Gray Oak Pipeline Commissioned new storage at South Texas Gateway Terminal

HOUSTON--(BUSINESS WIRE)-- Phillips 66 Partners LP (NYSE: PSXP) announces third-quarter 2020 earnings of $206 million, or $0.85 per diluted common unit. Cash from operations was $296 million, and distributable cash flow was $243 million. Adjusted EBITDA was $313 million in the third quarter, compared with $269 million in the prior... More