Big questions await 2Q earnings report at Phillips 66

 

Phillips 66 Partners and Phillips 66 plan to release second-quarter 2019 financial results in late July. The big question is whether the company will be able to rebound after the marked fall in earnings from late 2018 to early this year.

The release will be made on Friday, July 26 followed by a conference call webcast at 1 p.m. Central time where company leaders will discuss the results.

The results will be released earlier in the day.

The company’s first-quarter 2019 earnings were $204 million compared with $2.2 billion in the fourth quarter of 2018. Adjusted earnings were $187 million compared with $2.3 billion in the fourth quarter of 2018.