Phillips 66 Partners LP Announces Unaudited Earnings Results for the Fourth Quarter and Full Year of 2015; Announces Operating Results for the Fourth Quarter of 2015
For the year to date, the company reported net income of $194.2 million, EBITDA of $250.3 million, adjusted EBITDA of $266.5 million, maintenance capital expenditures of $7.7 million, net cash provided by operating activities of $229.8 million compared to net income of $124.4 million, EBITDA of $147.0 million, adjusted EBITDA of $141.0 million, maintenance capital expenditures of $11.9 million, net cash provided by operating activities of $142.4 million a year ago.
For the 2015 fourth quarter, the company reported total pipeline, terminal and storage volumes of $805,000 barrels daily, natural gas liquids of 280,000 barrels daily, total terminals of 907,000 barrels daily, average pipeline revenue of $0.51, average terminaling and storage revenue of $0.42 compared to total pipeline, terminal and storage volumes of $744,000 barrels daily, natural gas liquids of 280,000 barrels daily, total terminals of 977,000 barrels daily, average pipeline revenue of $0.45, average terminaling and storage revenue of $0.39 for the third quarter of 2015.