Phillips 66 beats by $0.19 (100.86)
- Reports Q4 (Dec) earnings of $1.07 per share, excluding non-recurring items, $0.19 better than the Capital IQ Consensus of $0.88.
- As of Dec. 31, 2017, cash and cash equivalents were $3.1 billion, and consolidated debt was $10.1 billion, including $2.9 billion at PSXP. The company's consolidated debt-to-capital ratio and net-debt-to-capital ratio were 27 percent and 20 percent, respectively. Excluding PSXP, the debt-to-capital ratio was 22 percent and net-debt-to-capital ratio was 14 percent.
- Announced $2.3 billion 2018 capital budget