Phillips 66 Partners (PSXP) Misses Q2 EPS by 4c

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Go back to Phillips 66 Partners (PSXP) Misses Q2 EPS by 4c

Phillips 66 Partners Reports Second-Quarter 2021 Financial Results

August 3, 2021 7:20 AM EDT

Reported second-quarter earnings of $225 million and adjusted EBITDA of $337 million Announced quarterly distribution of $0.875 per common unit

HOUSTON--(BUSINESS WIRE)-- Phillips 66 Partners LP (NYSE: PSXP) announces second-quarter 2021 earnings of $225 million, or $0.91 per diluted common unit. Cash from operations was $286 million, and distributable cash flow was $267 million. Adjusted EBITDA was $337 million in the second quarter, compared with $289 million in the prior quarter.

This quarter we operated well and delivered solid financial performance, said Greg Garland, Phillips 66 Partners Chairman and CEO. Our results reflect higher throughput on our... More