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PSXP - Phillips 66 Partners EPS misses by $0.91 misses on revenue
Phillips 66 Partners LP representing limited partner interest in the Partnership
Phillips 66 Partners (PSXP): Q1 GAAP EPS of -$0.13 misses by $0.91.Revenue of $376M (-6.9% Y/Y) misses by $1.69M.“Our first-quarter results reflect winter storm impacts and our decision to exit the Liberty Pipeline project,” said Greg Garland, Phillips 66 Partners Chairman and CEO. “We operated our assets safely despite the weather-related challenges. The South Texas Gateway Terminal commissioned additional storage, and we are nearing completion of the C2G Pipeline construction. We remain focused on operating excellence, a strong balance sheet and disciplined capital allocation.”Press Release