Inactive Instrument

Phillips 66 Partners LP

Equities

PSXP

US7185492078

Oil & Gas Transportation Services

Phillips 66 Partners LP Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2021

January 28, 2022 at 09:35 am EST

Phillips 66 Partners LP reported earnings results for the fourth quarter and full year ended December 31, 2021. For the fourth quarter, the company reported sales was USD 331 million compared to USD 265 million a year ago. Revenue was USD 503 million compared to USD 390 million a year ago. Net income was USD 286 million compared to USD 104 million a year ago. Basic earnings per share from continuing operations was USD 1.19 compared to USD 0.4 a year ago. Diluted earnings per share from continuing operations was USD 1.19 compared to USD 0.4 a year ago.
For the full year, sales was USD 1,146 million compared to USD 1,038 million a year ago. Revenue was USD 1,754 million compared to USD 1,618 million a year ago. Net income was USD 735 million compared to USD 791 million a year ago. Basic earnings per share from continuing operations was USD 3 compared to USD 3.29 a year ago. Diluted earnings per share from continuing operations was USD 3 compared to USD 3.27 a year ago.

Latest news about Phillips 66 Partners LP

Phillips 66 Partners LP Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 02	CI
Phillips 66 Partners LP Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-03	CI
Phillips 66 Partners LP(NYSE:PSXP) dropped from Alerian MLP Index	22-03-17	CI
Phillips 66 Completes Merger With Phillips 66 Partners	22-03-09	MT
Phillips 66 Company (P66 Company) and Phillips 66 Project Development Inc. (P66 PDI) completed the acquisition of the remaining 25.65% stake in Phillips 66 Partners LP.	22-03-08	CI
Phillips 66 Partners LP Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2021	22-01-28	CI
Energy Stocks Retreat Pre-Bell Friday	22-01-28	MT
Phillips 66 Partners Q4 Net Income, Revenue Rise	22-01-28	MT
Earnings Flash (PSXP) PHILLIPS 66 PARTNERS LP Reports Q4 Revenue $503M	22-01-28	MT
Phillips 66 Partners Maintains Quarterly Cash Distribution at $0.875 a Unit, Payable Feb. 14 to Unitholders of Record Jan. 31	22-01-18	MT
Phillips 66 Partners LP Declares Fourth-Quarter 2021 Cash Distribution, Payable on February 14, 2022	22-01-18	CI
Mizuho Securities Adjusts Phillips 66 Partners' Price Target to $43 from $41, Keeps Neutral Rating	22-01-12	MT
Raymond James Downgrades Phillips 66 Partners to Market Perform from Outperform	21-11-01	MT
Phillips 66 Partners Q3 Earnings, Revenue Increase; Shares Rise Pre-Bell	21-10-29	MT
Earnings Flash (PSXP) PHILLIPS 66 PARTNERS LP Posts Q3 Revenue $452M, vs. Street Est of $421.6M	21-10-29	MT
Credit Suisse Downgrades Phillips 66 Partners to Neutral from Outperform After News of $3.4 Billion Deal with Phillips 66; Sets $41 PT	21-10-28	MT
Phillips 66 to Buy Phillips 66 Partners in $3.4 Billion Deal	21-10-27	MT
Phillips 66 Company (P66 Company) and Phillips 66 Project Development Inc. (P66 PDI) entered into a definitive agreement to acquire remaining 25.65% stake in Phillips 66 Partners LP for $2.4 billion.	21-10-26	CI
Phillips 66 Partners LP : Maintains Quarterly Cash Dividend at $0.875 a Share, Payable Nov. 12 to Shareholders of Record Oct. 29	21-10-19	MT
Phillips 66 Partners LP Declares Third-Quarter 2021 Cash Distribution, Payable November 12, 2021	21-10-19	CI
PHILLIPS 66 PARTNERS LP : Barclays Adjusts Phillips 66 Partners LP to $39 from $38, Keeps Equalweight Rating	21-10-06	MT
Transcript : Phillips 66 Partners LP, Q2 2021 Earnings Call, Aug 03, 2021	21-08-03
Phillips 66 Partners LP : Posts Decline in Q2 Net Income, Revenue	21-08-03	MT
Phillips 66 Partners LP : Earnings Flash (PSXP) PHILLIPS 66 PARTNERS LP Reports Q2 Revenue $423M	21-08-03	MT
PHILLIPS 66 PARTNERS LP : JPMorgan Assumes Coverage on Phillips 66 Partners With Neutral Rating, $41 Price Target	21-08-02	MT

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Company Profile

Phillips 66 Partners LP is a United States-based company, which is a provider of fee-based transportation, terminaling, processing, storage and fractionation services to Phillips 66 and other customers. The Company owns, operates, develops, and acquires fee-based midstream assets. Its operations consist of crude oil, refined petroleum products and natural gas liquids (NGL) transportation terminaling, processing and storage assets. It conducts its operations through both owned and joint venture operations. The Company's assets consist of systems, such as billings crude system, billings products system, Borger crude system, Borger products system, Clifton ridge crude system, cross-channel connector products system, eagle ford gathering system, Gold Line products system, Hartford connector products system, Ponca crude system, Ponca products system, and Sweeny to Pasadena products system.

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Oil & Gas Transportation Services

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