Phillips 66 Partners (PSXP) Tops Q3 EPS by 18c

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Go back to Phillips 66 Partners (PSXP) Tops Q3 EPS by 18c

Phillips 66 Partners Reports Third-Quarter 2019 Earnings

October 25, 2019 7:20 AM EDT

Highlights

Achieved record earnings of $237 million and adjusted EBITDA of $323 million Increased quarterly distribution to $0.865 per common unit Started up Lake Charles isomerization unit Initiated line fill on Gray Oak Pipeline

HOUSTON--(BUSINESS WIRE)-- Phillips 66 Partners LP (NYSE: PSXP) announces third-quarter 2019 earnings of $237 million, or $1.15 per diluted common unit. Cash from operations was $276 million, and distributable cash flow was $255 million. Adjusted EBITDA was $323 million in the third quarter, compared with $319 million in the prior quarter.

We delivered another quarter of... More