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Fly News Breaks for February 2, 2018
PSXP
Feb 2, 2018 | 07:02 EDT
Reports Q4 revenue $331M, consensus $316.48M. "During the quarter, we operated well and completed our largest transaction to date, increasing earnings by more than 60 percent," said Greg Garland, chairman and CEO. "We are nearing our $1.1B year-end 2018 run-rate EBITDA target and remain on track to deliver 30 percent five-year distribution CAGR. We continue to operate from a strong financial position, which enables us to fund our 2018 growth plans without accessing the equity markets beyond selective use of our ATM program."
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