Phillips 66 Partners (PSXP) PT Raised to $41 at Mizuho Securities

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Phillips 66 Partners (PSXP) Tops Q3 EPS by 5c

October 29, 2021 7:21 AM EDT

Phillips 66 Partners (NYSE: PSXP) reported Q3 EPS of $1.00, $0.05 better than the analyst estimate of $0.95. Revenue for the quarter came in at $452 million versus the consensus estimate of $419.65 million.

For earnings history and earnings-related data on Phillips 66 Partners (PSXP) click here.

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Phillips 66 (PSX) to Acquire Phillips 66 Partners (PSXP) for $3.4B

October 27, 2021 8:01 AM EDT

Phillips 66 (NYSE: PSX) and Phillips 66 Partners (NYSE: PSXP) announced today that they have entered into a definitive agreement for Phillips 66 to acquire all of the publicly held common units representing limited partner interests in the Partnership not already owned by Phillips 66 and its affiliates.

The agreement, expected to close in the first quarter of 2022, provides for an all-stock transaction in which each outstanding PSXP... More