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Phillips 66 Partners LP representing limited partner interest in the Partnership
For midstream and energy in general, investors will be more interested in management commentary and outlook on quarterly calls than on 1Q results. Setting aside company-specific updates, investors will be focused broadly on capital spending plans, financial positioning, and forward guidance, including commentary around the sustainability of dividends. Below are some of the key topics that will likely be in focus for midstream this earnings season.
Financial guidance - With the uncertainty surrounding a recovery in energy demand contributing to an unclear outlook for oil and natural gas prices, it is difficult to provide forward