Phillips 66 Partners (NYSE:PSXP) issued its earnings results on Friday. The oil and gas company reported $1.05 EPS for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.30, MarketWatch Earnings reports. The business had revenue of $430.00 million during the quarter, compared to analysts’ expectations of $361.25 million. Phillips 66 Partners had a net margin of 54.94% and a return on equity of 45.19%. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.15 earnings per share.
Shares of PSXP stock opened at $27.80 on Friday. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.05 and a quick ratio of 0.99. The firm has a market cap of $6.35 billion, a PE ratio of 6.85 and a beta of 1.33. The company has a 50-day moving average of $33.94 and a two-hundred day moving average of $44.42. Phillips 66 Partners has a 1-year low of $19.00 and a 1-year high of $65.22.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Friday, July 31st will be paid a dividend of $0.875 per share. This represents a $3.50 annualized dividend and a yield of 12.59%. The ex-dividend date is Thursday, July 30th. Phillips 66 Partners’s dividend payout ratio (DPR) is presently 81.59%.
Phillips 66 Partners Company Profile
Phillips 66 Partners LP owns, operates, develops, and acquires crude oil, refined petroleum products, and natural gas liquids (NGL) pipelines, terminals, and other transportation and midstream assets. The company operates pipeline assets in Lake Charles, Sweeny, Wood River, Borger/Ponca City, Billings, and Borger; terminal, rail rack, and storage assets in Louisiana, Texas, New Mexico, Illinois, Missouri, Kansas, Oklahoma, New Jersey, Washington, Wyoming, and Montana; marine assets in Lake Charles, Bayway, and Wood River; and NGL assets in Texas and Louisiana.
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