Phillips 66 Partners (PSXP) Tops Q3 EPS by 5c

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Go back to Phillips 66 Partners (PSXP) Tops Q3 EPS by 5c

Phillips 66 Partners Reports Third-Quarter 2021 Financial Results

October 29, 2021 7:20 AM EDT

Third-quarter earnings of $242 million and adjusted EBITDA of $367 million Recently entered into agreement for Phillips 66 to acquire all publicly held units

HOUSTON--(BUSINESS WIRE)-- Phillips 66 Partners LP (NYSE: PSXP) announces third-quarter 2021 earnings of $242 million, or $1.00 per diluted common unit. Cash from operations was $338 million, and distributable cash flow was $268 million. Adjusted EBITDA was $367 million in the third quarter, compared with $337 million in the prior quarter.

On Oct. 19, 2021, the general partners board of directors declared a third-quarter 2021 cash distribution of $0.875 per common unit, or $3.50 per unit on an annualized... More