Phillips 66 Partners (PSXP) Reports Q1 Loss of $0.13/sh

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Go back to Phillips 66 Partners (PSXP) Reports Q1 Loss of $0.13/sh

Phillips 66 Partners reports first-quarter 2021 financial results

April 30, 2021 7:20 AM EDT

Reported a first-quarter loss of $18 million and adjusted EBITDA of $289 million Announced quarterly distribution of $0.875 per common unit Reached agreement to exit the Liberty Pipeline joint venture South Texas Gateway Terminal commissioned additional storage, completing the project Progressed C2G Pipeline construction

HOUSTON--(BUSINESS WIRE)-- Phillips 66 Partners LP (NYSE: PSXP) announces a first-quarter 2021 loss of $18 million, or $0.13 per diluted common unit. Cash from operations was $227 million, and distributable cash flow was $233 million. Adjusted EBITDA was $289 million in the first quarter, compared with $318... More