Phillips 66 (PSX) Misses Q4 EPS by 9c
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Phillips 66 Reports Fourth-Quarter Earnings of $163 Million or $0.31 Per Share
February 3, 2017 7:00 AM ESTAdjusted earnings of $83 million or $0.16 per share
Highlights
Fourth Quarter
Generated $667 million in cash from operations Returned $558 million of capital to shareholders Phillips 66 Partners acquired Phillips 66 midstream assets for $1.3 billion and raised $1.1 billion through a debt offering Restructured DCP Midstream Started up Freeport LPG Export Terminal Commissioned 1.2 million barrels of additional crude storage at the Beaumont TerminalFull-Year 2016
Delivered earnings of $1.6 billion; operating cash flow of $3.0 billion... More