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Stock Market & Financial Investment News

News Breaks
May 27, 2014
09:22 EDTPSX, WEXWex signs multi-year program extension with Phillips 66
WEX (WEX) announced it has signed a multi-year extension to provide private label and universal fleet card services for Phillips 66 (PSX). Through the agreement, WEX will continue to issue fleet cards and provide related payment services to Phillips 66-branded customers. Together, WEX and Phillips 66 will expand upon a sales and marketing program for direct sales while also supporting the efforts of independent marketers and dealers at more than 7,100 Phillips 66, Conoco, and 76-branded retail outlets.
News For WEX;PSX From The Last 14 Days
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July 31, 2015
12:18 EDTPSXPhillips 66 sees Q3 refining crude utilization mid-90%
12:17 EDTPSXPhillips 66 sees Q3 global olefins & polyolefins utilization mid-90%
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08:05 EDTPSXPhillips 66 sees FY15 capital budget $4.6B
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08:03 EDTPSXPhillips 66 reports Q2 adjusted EPS $1.83, consensus $1.81
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July 30, 2015
17:07 EDTPSXPhillips 66, Energy Transfer Partners, Sunoco Logistics form JV
Phillips 66 ( PSX), Energy Transfer Partners (ETP) and Sunoco Logistics Partners (SXL) announced that they have formed a joint venture to construct the Bayou Bridge pipeline that will deliver crude oil from the Phillips 66 and Sunoco Logistics terminals in Nederland, Texas, to Lake Charles, Louisiana. The joint venture will also launch an expansion open season for service to the market hub in St. James, Louisiana. Phillips 66 holds a 40% interest in the joint venture and Energy Transfer and Sunoco Logistics each hold a 30% interest. Sunoco Logistics will be the operator of the system. Construction is underway on the Nederland to Lake Charles segment of the pipeline, which will be 30-inch diameter and is expected to begin commercial operations in Q1 of 2016. The companies will also launch a binding expansion open season to assess additional shipper interest for service with connectivity to existing terminal infrastructure and refineries in and around the St. James area. The results of the expansion open season will be used to determine the size of the pipeline to St. James, which has a forecasted in-service date of the second half of 2017. The binding expansion open season will commence in Q3 of 2015. Bona fide potential shippers that would like to receive copies of the expansion open season documents, the throughput and deficiency agreement, and proposed tariffs must first sign a confidentiality agreement.
July 29, 2015
07:42 EDTWEXWEX Inc. selected by ServiceMaster for corporate payment solutions
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07:41 EDTWEXWEX Inc. sees FY15 adjusted EPS $4.94-$5.14, consensus $5.10
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07:41 EDTWEXWEX Inc. sees Q3 adjusted EPS $1.38-$1.46, consensus $1.45
Sees Q3 revenue $224M-$233M, consensus $234.24M. The Company's guidance also assumes that third quarter 2015 credit loss will range between 6 and 11 basis points, and full year 2015 fleet credit loss will range between 7 and 10 basis points. Guidance also includes $11 million to $14 million of after tax losses related to WEX Europe Services. The Company's guidance excludes the impact of non-cash, mark-to-market adjustments on the Company's fuel-price-related derivative instruments, foreign currency remeasurement gains and losses and related hedges, stock-based compensation, restructuring charges, gain on divestitures and the amortization of purchased intangibles as well as the related tax and non-controlling interest impacts of the forgoing adjustments.
07:39 EDTWEXWEX Inc. reports Q2 adjusted EPS $1.25, consensus $1.25
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