PSXP GROWTH Acquired remaining 75% interest in Sweeny Fractionator and Clemens Caverns as well as the Standish Pipeline 656 MM net proceeds from successful equity offering used to finance the acquisition Agreed to increase ownership…
FINANCIAL RESULTS MM 2Q 2016 1Q 2016 Revenues and other income 138.8 103.3 Costs and expenses 66.6 47.8 Income before income taxes 72.2 55.5 Net Income 71.8 55.3 Less: Noncontrolling interests 4.3 3.0 Net income attributable to…
2Q 2016 ADJUSTED EBITDA AND DISTRIBUTABLE CASH FLOW MM Adjusted EBITDA 97.3 Plus: Deferred revenue impacts 1.3 Less: Net interest 10.9 Income taxes paid 0.3 Maintenance capital expenditures 3.0 Distributable Cash Flow 84.4 Total…
STRONG FINANCIAL FLEXIBILITY AND LIQUIDITY MM 2Q 2016 Cash and cash equivalents 36 Total assets 2,773 Debt 1,343 Revolving credit facility availability 460 Debt to EBITDA ratio* 3.0x *Leverage ratio estimated on credit facility…
QUESTIONS AND ANSWERS EARNINGS CALL AND WEBCAST July 29, 2016
APPENDIX
FINANCIAL RESULTS (CONSOLIDATED) MM 2Q 2016 1Q 2016 Revenues and other income 140.4 126.2 Costs and expenses 66.8 61.3 Income before income taxes 73.6 64.9 Net Income 0.4 64.7 Less: Net income attributable 5.7 12.4 to…
NON-GAAP RECONCILIATION MM 2Q 2016 1Q 2016 4Q 2015 3Q 2015 2Q 2015 Net Income 73.2 64.7 60.5 50.9 42.0 Plus: Depreciation 14.5 13.9 9.4 6.1 5.4 Net interest expense 10.9 9.7 9.2 9.1 9.5 Provision for (benefit from) income taxes 0.4…
NON-GAAP RECONCILIATION MM 2Q 2016 1Q 2016 4Q 2015 3Q 2015 2Q 2015 Net cash provided by operating activities 94.6 71.4 97.0 49.1 64.6 Plus: Net interest expense 10.9 9.7 9.2 9.1 9.5 Provision for (benefit from) income taxes 0.4 0.2…
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