Phillips 66 Partners (PSXP) Tops Q2 EPS by 8c
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Phillips 66 Partners Reports Second-Quarter 2018 Earnings
July 27, 2018 7:10 AM EDTHighlights
Reported record earnings of $186 million; adjusted EBITDA of $276 million Achieved annualized run-rate adjusted EBITDA of $1.1 billion Increased quarterly distribution 5.3 percent to $0.752 per common unit Recently completed Gray Oak Pipeline expansion open season Started construction of Clemens Caverns expansion projectHOUSTON--(BUSINESS WIRE)-- Phillips 66 Partners LP (NYSE: PSXP) announces second-quarter 2018 earnings of $186 million, or $0.94 per diluted common unit. Cash from operations was $226 million, and distributable cash flow was $204... More
