Phillips 66 Partners Earns $17.3 Mln In Q3

(RTTNews) - Phillips 66 Partners LP(PSXP), a limited partnership formed by Phillips 66, Wednesday posted third-quarter earnings of $17.3 million, while it reported $11.9 million profit last year. From the IPO closing on July 26, through September 30, 2013, earnings totaled $11.9 million or $0.17 per limited partner unit.

Revenues for the recent period was $29.6 million, whereas the prior-year figure stood at $21.3 million. Transportation and terminaling services revenues were $21.1 million in the post-IPO period.

In the post-IPO period, the partnership generated earnings before interest, income taxes, depreciation and amortization or EBITDA of $13.2 million and distributable cash flow of $12.6 million.