Phillips 66 Partners (PSXP) Tops Q2 EPS by 6c

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Go back to Phillips 66 Partners (PSXP) Tops Q2 EPS by 6c

Phillips 66 Partners Reports Second-Quarter Earnings

July 31, 2015 8:45 AM EDT

Highlights

Distributable cash flow of $47.8 million Adjusted EBITDA of $57.0 million Net income of $42.0 million Increased quarterly distribution by 8 percent to $0.40 per common unit

HOUSTON--(BUSINESS WIRE)-- Phillips 66 Partners LP (NYSE: PSXP) announces second-quarter 2015 earnings of $42.0 million, or $0.50 per common unit. Distributable cash flow was $47.8 million and adjusted earnings before interest, income taxes, depreciation and amortization (adjusted EBITDA) were $57.0 million.

We continue to strategically grow Phillips 66 Partners and increase our quarterly cash distribution, said Greg... More

Phillips 66 Reports Second-Quarter Earnings of $1.0 Billion or $1.84 Per Share

July 31, 2015 8:00 AM EDT

Adjusted earnings of $1.0 billion or $1.83 per share

Highlights

$1.8 billion operating cash flow excluding working capital; $1.4 billion including working capital Improved Chemicals Olefins & Polyolefins cash chain margins Sweeny Fractionator One nearing completion Refining utilization at 90 percent; clean product yield of 84 percent Increased quarterly dividend 12 percent to $0.56 per common share

HOUSTON--(BUSINESS WIRE)-- Phillips 66 (NYSE: PSX), an energy manufacturing and logistics company, announces second-quarter... More

Phillips 66, Energy Transfer and Sunoco Logistics Form Joint Venture to Construct Crude Oil Pipeline from Nederland, Texas, to Louisiana Refinery Market

July 30, 2015 5:00 PM EDT

Joint venture will launch expansion open season for service to St. James, Louisiana

HOUSTON & DALLAS & PHILADELPHIA--(BUSINESS WIRE)-- Phillips 66 (NYSE: PSX), Energy Transfer Partners, L.P. (NYSE: ETP) and Sunoco Logistics Partners L.P. (NYSE: SXL) announced that they have formed a joint venture to construct the Bayou Bridge pipeline that will deliver crude oil from the Phillips 66 and Sunoco Logistics terminals in Nederland, Texas, to Lake Charles, Louisiana. The joint venture will also launch an... More