Andeavor Logistics LP (ANDX) Misses Q3 EPS by 1c, Revenues Beat
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Andeavor Logistics LP Reports Third Quarter 2018 Results
November 7, 2018 6:45 AM ESTFINDLAY, Ohio, Nov. 7, 2018 /PRNewswire/ --
Reported third quarter net earnings of $166 million and EBITDA of $309 million, which provided 1.05x distribution coverage and 3.7x leverage Terminalling and Transportation segment operating income of $140Â million and EBITDA of $180Â million benefited by drop downs and strong refined product demand Gathering and Processing segment operating income of $80 million and EBITDA of $130Â million driven by drop downs and Permian volume growth Successfully completed 2018 Drop Down of Permian, Refining Logistics and Asphalt Assets General partner now owned by Marathon Petroleum CorporationAndeavor Logistics LP (NYSE:... More
