|Bid||48.25 x 200|
|Ask||50.88 x 1000|
|Day's Range||50.51 - 51.53|
|52 Week Range||44.40 - 56.48|
|PE Ratio (TTM)||20.02|
|Forward Dividend & Yield||2.71 (5.54%)|
|1y Target Est||N/A|
Phillips 66's (PSX) first-quarter 2018 results to gain from initiatives to streamline portfolio of assets and investment in growth developments.
So far in this series, we’ve looked at the earnings growth expectations for six midstream companies, including Noble Midstream Partners (NBLX), MPLX (MPLX), Phillips 66 Partners (PSXP), Antero Midstream Partners (AM), Andeavor Logistics (ANDX), and Energy Transfer Partners (ETP). In this part, we’ll look at the earnings expectations for Genesis Energy (GEL).
Andeavor Logistics (ANDX) is the midstream MLP subsidiary of Andeavor (ANDV). It’s involved in crude oil and refined products transportation, terminaling, logistics, and marketing, Wall Street analysts expect ANDX to have adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) of $282.1 million in the first quarter of 2018 compared to $210 million in the same quarter of 2017. That represents a YoY (year-over-year) growth of 34%.
Phillips 66 Partners (PSXP) is a midstream MLP owned by one of the largest US refiners, Phillips 66 (PSX). It’s expected to post a 61% YoY (year-over-year) EBITDA (earnings before interest, tax, depreciation, and amortization) growth in 1Q18 compared to 1Q17. Growth is expected to be driven mainly by the contribution from expansion projects placed into service. For 2018, analysts expect EBITDA growth of 41.2%.
If you want to double your money every few years – and double your income as well – then you need to focus on the seven stocks I’m about to share.
A double-digit decline brings its yield up to 5.7%, which should rise further in the coming years, given the growth it has in the pipeline.
With an ROE of 19.13%, Phillips 66 (NYSE:PSX) outpaced its own industry which delivered a less exciting 10.85% over the past year. On the surface, this looks fantastic since weRead More...
While two big-time energy companies currently backstop this high-yielder, the numbers need to improve before it’s on solid ground.
North American energy independence and booming exports mean energy product companies are ready to roll -- but some are better positioned than others.
Phillips 66 (NYSE:PSX) saw significant share price volatility over the past couple of months on the NYSE, rising to the highs of $106.9 and falling to the lows of $89.58.Read More...
The joint venture between Chevron (CVX) and Phillips 66 (PSX), with a production capacity of 1.5 million metric tons per annum, is aiming to cash in on the strong demand for petrochemicals.
According to March 12 press release , the company has successfully introduced feedstock and begun operating the cracker, which is located at Chevron Phillips Chemical's Cedar Bayou facility in Baytown. This startup completes the final phase of the company's $6 billion U.S. Gulf Coast petrochemicals project that was announced in 2011. In fact, the unit was nearly through much of the testing before the storm hit, Ron Corn, the company's senior vice president of petrochemicals, said in September .
The energy manufacturing and logistics company dropped sharply despite reporting great news last month.
Houston-based Phillips 66 (PSX) has raised $1.5 billion in long-term debt to help fund a stock buyback program it undertook in mid February. The deal extends some of the company’s short-term borrowings out into the long term, according to company filings with the U.S. Securities and Exchange Commission. Before this, Phillips 66 had about $1.9 billion in short-term debt on the books that, on average, reached maturity in the first couple days of March, according to the filings.
Phillips 66 (PSX) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.