Phillips 66 Partners (PSXP) Stock Price, News & Analysis

Phillips 66 Partners LP (NYSE:PSXP) issued its quarterly earnings data on Thursday, October, 28th. The oil and gas company reported $1.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.99 by $0.01. The oil and gas company had revenue of $452 million for the quarter, compared to analysts' expectations of $421.57 million. Phillips 66 Partners had a trailing twelve-month return on equity of 43.61% and a net margin of 41.90%. The firm's quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.85 EPS.

Phillips 66 Partners (NYSE:PSXP) pays an annual dividend of $3.50 per share and currently has a dividend yield of 8.33%. PSXP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 117.85%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, PSXP will have a dividend payout ratio of 84.75% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for PSXP.

Based on aggregate information from My MarketBeat watchlists, some companies that other Phillips 66 Partners investors own include AT&T (T), Enterprise Products Partners (EPD), Phillips 66 (PSX), Exxon Mobil (XOM), Johnson & Johnson (JNJ), Pfizer (PFE), Energy Transfer (ET), Verizon Communications (VZ), Wells Fargo & Company (WFC) and Intel (INTC).