Phillips 66 Partners (PSXP) Tops Q2 EPS by 1c

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Go back to Phillips 66 Partners (PSXP) Tops Q2 EPS by 1c

Phillips 66 Partners Reports Second-Quarter Earnings

July 29, 2016 7:00 AM EDT

Highlights

Acquired the remaining 75 percent interest in Phillips 66s Sweeny NGL fractionator and associated storage caverns, along with the Standish Pipeline Issued 12.65 million units of public equity in May for net proceeds of $656 million Increased quarterly distribution by 5 percent to $0.505 per common unit

HOUSTON--(BUSINESS WIRE)-- Phillips 66 Partners LP (NYSE: PSXP) announces second-quarter 2016 earnings of $67.5 million, or $0.51 per common unit. Cash from operations was $94.6 million, distributable cash flow was $84.4 million and adjusted earnings before interest, income taxes, depreciation and... More

Phillips 66 Reports Second-Quarter Earnings of $496 Million or $0.93 Per Share

July 29, 2016 7:00 AM EDT

Adjusted earnings of $499 million or $0.94 per share

Highlights

Refining achieved 100 percent utilization Strong Marketing sales volumes and margins Improved Chemicals margins Cash from operations of $1.2 billion Cash proceeds of $656 million from Phillips 66 Partners equity offering Increased quarterly dividend by 12.5 percent

HOUSTON--(BUSINESS WIRE)-- Phillips 66 (NYSE: PSX), an energy manufacturing and logistics company, announces second-quarter earnings of $496 million, compared... More