Phillips 66 Partners Reports Second-Quarter 2019 Earnings
Phillips 66 Partners LP Common Units representing limited partner interest in the Partnership (PSXP)
Last phillips 66 partners lp common units representing limited partner interest in the partnership earnings: 5/1 07:20 am
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US:NYSE Investor Relations:
phillips66partners.com
Company Research
Source: Business Wire
HighlightsAchieved record earnings of $233 million and adjusted EBITDA of $319 millionIncreased quarterly distribution to $0.855 per common unitAnnounced elimination of incentive distribution rightsSecured $1.3 billion project financing for Gray Oak PipelineCompleted Lake Charles products pipelineAnnounced construction of Clemens to Gregory (C2G) Pipeline HOUSTON--(BUSINESS WIRE)--Phillips 66 Partners LP (NYSE: PSXP) announces second-quarter 2019 earnings of $233 million, or $1.15 per diluted common unit. Cash from operations was $276 million, and distributable cash flow was $254 million. Adjusted EBITDA was $319 million in the second quarter, compared with $281 million in the prior quarter.“This quarter we had record earnings and advanced our major projects,” said Greg Garland, Phillips 66 Partners’ chairman and CEO. “Solid performance across our portfolio contributed to this quarter’s results. We secured project financing for Gray Oak Pipeline and progressed construction toward
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