Phillips 66 Partners (PSXP) Tops Q3 EPS by 1c
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Phillips 66 Partners Reports Third-Quarter 2020 Financial Results
October 30, 2020 7:20 AM EDTReported earnings of $206 million and adjusted EBITDA of $313 million Announced quarterly distribution of $0.875 per common unit Completed Sweeny to Pasadena Pipeline expansion project Continued ramp-up of volumes on the Gray Oak Pipeline Commissioned new storage at South Texas Gateway Terminal
HOUSTON--(BUSINESS WIRE)-- Phillips 66 Partners LP (NYSE: PSXP) announces third-quarter 2020 earnings of $206 million, or $0.85 per diluted common unit. Cash from operations was $296 million, and distributable cash flow was $243 million. Adjusted EBITDA was $313 million in the third quarter, compared with $269 million in the prior... More
