Phillips 66 Partners (PSXP) Misses Q1 EPS by 14c
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Phillips 66 Partners Reports First-Quarter Earnings
April 29, 2016 7:00 AM EDTHighlights
Adjusted EBITDA of $73.8 million Distributable cash flow of $64.1 million Earnings of $52.3 million Increased quarterly distribution by 5 percent to $0.481 per common unit Acquired a 25 percent controlling interest in Phillips 66s Sweeny NGL fractionator and associated storage caverns Announced start of commercial operations on Bayou Bridge PipelineHOUSTON--(BUSINESS WIRE)-- Phillips 66 Partners LP (NYSE: PSXP) announces first-quarter 2016 earnings of $52.3 million, or $0.44 per common unit. Distributable cash flow was $64.1 million and... More
Phillips 66 Reports First-Quarter Earnings of $385 Million or $0.72 Per Share
April 29, 2016 7:00 AM EDTAdjusted earnings of $360 million or $0.67 per share
Highlights
Midstream, Chemicals and Refining negatively impacted by market and seasonality Marketing and Specialties generated solid first-quarter earnings Refining utilization at 94 percent; Chemicals global O&P utilization at 93 percent $687 million of capital returned to shareholders through dividends and share repurchases $446 million invested in Midstream, primarily growth projectsHOUSTON--(BUSINESS WIRE)-- Phillips 66 (NYSE: PSX), an energy manufacturing and logistics company,... More
