Phillips 66 Partners (PSXP) Misses Q2 EPS by 11c

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Go back to Phillips 66 Partners (PSXP) Misses Q2 EPS by 11c

Phillips 66 Partners Reports Second-Quarter Earnings

August 1, 2017 7:00 AM EDT

Highlights

Delivered earnings of $103 million; adjusted EBITDA of $170 million Increased quarterly distribution by 5 percent to $0.615 per common unit Additional Sand Hills joint venture pipeline expansion project announced

HOUSTON--(BUSINESS WIRE)-- Phillips 66 Partners LP (NYSE: PSXP) announces second-quarter 2017 earnings of $103 million, or $0.61 per common unit. Cash from operations was $131 million, and distributable cash flow was $140 million. Adjusted EBITDA was $170 million in the second quarter, compared with $155 million in the prior quarter.

This quarter we operated well,... More