Phillips 66 Partners (PSXP) Tops Q4 EPS by 10c
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 7/23/2026
- Wall St falls as tech earnings spark AI spending worries; oil hits $100
- Google increases capex forecast again after cloud-driven quarterly beat
- As Musk pivots beyond cars, Tesla’s autos engine is under strain
- RTX stock jumps as company lifts guidance after Q2 beat
- Dollar hits new 40-year high versus yen, euro lower after ECB decision
Phillips 66 Partners Reports Fourth-Quarter 2019 Earnings
January 31, 2020 7:20 AM ESTHighlights
Fourth Quarter
- Achieved record earnings of $255 million and adjusted EBITDA of $345 million
- Increased quarterly distribution to $0.875 per common unit
- Commenced initial operations on the Gray Oak Pipeline
Full-Year 2019
- Reported record earnings of $923 million and adjusted EBITDA of $1.3 billion
- Completed the Bayou Bridge pipeline extension, the Lake Charles isomerization unit and the Lake Charles pipeline projects
- Eliminated general partners incentive distribution rights
- Increased quarterly distribution 11% year over year
HOUSTON--(BUSINESS... More
