Phillips 66 Partners (NYSE:PSXP) released its quarterly earnings results on Friday. The oil and gas company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.30, MarketWatch Earnings reports. The firm had revenue of $430.00 million during the quarter, compared to analyst estimates of $361.25 million. Phillips 66 Partners had a net margin of 54.94% and a return on equity of 45.19%. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.15 EPS.
PSXP stock opened at $27.80 on Friday. The firm has a market cap of $6.35 billion, a P/E ratio of 6.95 and a beta of 1.33. The firm’s fifty day moving average is $33.94 and its 200 day moving average is $44.42. Phillips 66 Partners has a 52 week low of $19.00 and a 52 week high of $65.22. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.99 and a current ratio of 1.05.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Friday, July 31st will be paid a $0.875 dividend. The ex-dividend date of this dividend is Thursday, July 30th. This represents a $3.50 dividend on an annualized basis and a dividend yield of 12.59%. Phillips 66 Partners’s dividend payout ratio (DPR) is 81.59%.
About Phillips 66 Partners
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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