Phillips 66 Partners (PSXP) Misses Q4 EPS by 47c

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Go back to Phillips 66 Partners (PSXP) Misses Q4 EPS by 47c

Phillips 66 Partners Reports Fourth-Quarter 2020 Financial Results

January 29, 2021 7:20 AM EST

Fourth Quarter

Reported earnings of $104 million and adjusted EBITDA of $318 million Announced quarterly distribution of $0.875 per common unit Commissioned second dock and additional storage at South Texas Gateway Terminal Announced 2021 capital budget of $0.3 billion

Full-Year 2020

Reported earnings of $791 million and adjusted EBITDA of $1.2 billion Started full operations on the Gray Oak Pipeline Completed Clemens Caverns and Sweeny to Pasadena Pipeline expansion projects Progressed construction of C2G Pipeline

HOUSTON--(BUSINESS WIRE)-- Phillips 66 Partners LP (NYSE:... More