Phillips 66 (PSX) Q3 2024 Earnings Call Transcript Summary
Phillips 66 (PSX) Q3 2024 Earnings Call Transcript Summary
Realized approximately $700 million in cost reductions, including $200 million reduced in logistics spend flowing through gross margins.The following is a summary of the Phillips 66 (PSX) Q3 2024 Earnings Call Transcript:
以下是phillips 66 (PSX) 2024年第三季度業績會議呼叫交易摘要:
Financial Performance:
金融業績：
Achieved adjusted earnings of $859 million, or $2.04 per share. Earnings overall were supported by strong performance across diversified downstream portfolio.
Achieved $1.4 billion business transformation cost reduction ahead of schedule.
Realized approximately $700 million in cost reductions, including $200 million reduced in logistics spend flowing through gross margins.
Marked an increase in Midstream adjusted EBITDA to $3.7 billion indicating robust growth.
實現了調整後的盈利達到了85900萬美元，每股盈利2.04美元。整體收益得到了下游業務組合的強勁表現的支持。
提前實現了14億美元的業務轉型成本削減目標。
實現了大約70000萬元的成本削減，其中包括通過毛利流動減少的20000萬元物流支出。
中游-腦機調整後的EBITDA增至37億美元，表明強勁增長。
Business Progress:
業務進展：
Acquired Pinnacle Midstream for $567 million to grow midstream assets, with adjacent processing plant construction approved, starting up in mid-2025.
Announced cessation of operations at the Los Angeles refinery by fourth quarter of 2025 due to market dynamics and environmental sustainability considerations.
Proceeds from recent sale of 49% interest in Switzerland-based retail joint venture and exceeded $3 billion asset dispositions target.
收購Pinnacle中游資產，花費56700萬美元，以擴大中游資產，並獲得了鄰近處理廠施工的批准，計劃在2025年年中啓動。
由於市場動態和環境可持續性考慮，宣佈將於2025年第四季度停止洛杉磯煉油廠的運營。
最近出售瑞士零售合資企業49%股權所得款項超過30億美元資產處置目標。
Opportunities:
機會：
Diversified business showed solid performance across all segments, supporting stable earnings.
Capitalizing on opportunities through strategic asset sales and investments in processing and midstream expansions.
多元化業務在所有板塊表現出色，支撐穩定的業績。
通過戰略性資產銷售和對加工和中游-腦機業務擴張的投資，抓住機遇。
Risks:
風險：
Weaker natural gas and NGL prices impacted Midstream's performance.
Announcement of Los Angeles refinery shutdown highlights potential risks in refining segment amid changing regulations and market dynamics.
天然氣和NGL價格下降影響了中游-腦機的業績。
洛杉磯煉油廠關閉的公告凸顯了在不斷變化的法規和市場動態中煉油板塊潛在風險。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
