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Phillips 66 Partners LP (PSXP.N)

PSXP.N on New York Stock Exchange

50.23USD
24 Mar 2017
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$-0.03 (-0.06%)
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Latest Key Developments (Source: Significant Developments)

Phillips 66 partners reports Q4 earnings per share $0.65
Friday, 3 Feb 2017 08:02am EST 

Phillips 66 Partners Lp : Phillips 66 Partners reports fourth-quarter earnings . Q4 earnings per share $0.65 . Q4 earnings per share view $0.75 -- Thomson Reuters I/B/E/S . Phillips 66 Partners Lp - remains on track to achieve $1.1 billion of run-rate EBITDA by end of 2018 . Phillips 66 Partners Lp - qtrly total revenue $228 million .Q4 revenue view $190.9 million -- Thomson Reuters I/B/E/S.  Full Article

Phillips 66 Partners announces 5 pct increase in quarterly cash distribution
Wednesday, 18 Jan 2017 03:23pm EST 

Phillips 66 Partners LP : Phillips 66 partners announces 5 percent increase in quarterly cash distribution . Phillips 66 partners lp - board of directors of its general partner declared a fourth-quarter 2016 cash distribution of $0.558 per common unit .Phillips 66 partners lp says board of directors of its general partner declared a fourth-quarter 2016 cash distribution of $0.558 per common unit.  Full Article

Phillips 66 Partners reports Q3 eps $0.57
Friday, 28 Oct 2016 07:00am EDT 

Phillips 66 Partners Lp - : Phillips 66 partners reports third-quarter earnings . Phillips 66 partners lp - increased quarterly distribution by 5 percent to $0.531 per common unit . Q3 earnings per share $0.57 . Q3 earnings per share view $0.58 -- Thomson Reuters I/B/E/S . In august, phillips 66 partners increased its equity investment in explorer by 2.5 percent to approximately 22 percent . Phillips 66 partners lp - as of sept. 30, 2016, total debt outstanding was $1.1 billion . Phillips 66 partners lp qtrly total revenues and other income $144.3 million versus $140.4 million in q2 .Phillips 66 partners lp - remain on track to achieve $1.1 billion of run-rate ebitda by end of 2018.  Full Article

Phillips 66 partners to acquire South Louisiana NGL logistics assets
Thursday, 25 Aug 2016 09:52pm EDT 

Phillips 66 Partners Lp : Phillips 66 partners to acquire south louisiana ngl logistics assets . Agreement reached for co to acquire a natural gas liquids logistics system in southeast louisiana currently owned by chevron . Partnership expects ebitda from acquired assets to be approximately $25 million in 2017 . Acquisition will be financed with cash and borrowings under partnership's revolving credit facility .Transaction is expected to close in q4 of 2016 pending regulatory approvals.  Full Article

Phillips 66 announces public offering of 6,000,000 common units
Monday, 8 Aug 2016 04:04pm EDT 

Phillips 66 Partners : Phillips 66 partners announces public offering of 6,000,000 common units .Expects to use portion of net proceeds to fund acquisition of additional equity interests in explorer pipeline among others.  Full Article

Plains All, Phillips 66 partners announce stack pipeline JV
Wednesday, 3 Aug 2016 06:03pm EDT 

Plains All American Pipeline Lp : Plains all american pipeline and phillips 66 partners announce stack pipeline joint venture and expansion plans . Stack pipeline, initial expansion supported by multiple long-term contracts as well as legacy production gathered by existing plains crude oil pipelines . Under jv agreement, plains contributed an existing terminal located at cashion, okla. . Plains all american pipeline lp says jv plans to invest an estimated $15 million to expand stack pipeline by constructing a truck station at highway 33 .Phillips 66 partners contributed $50 million cash, will be distributed to plains, exchange for a 50 percent interest in jv.  Full Article

Phillips 66 Partners Q2 earnings per share $0.51
Friday, 29 Jul 2016 07:00am EDT 

Phillips 66 Partners : Phillips 66 partners' total revenues and other income for Q2 of 2016 were $140 million, compared with $126 million in Q1 . Phillips 66 Partners Reports Second-Quarter earnings . Q2 earnings per share $0.51 .Q2 earnings per share view $0.50 -- Thomson Reuters I/B/E/S.  Full Article

Phillips 66 says acquires incremental interest in Explorer Pipeline
Monday, 25 Jul 2016 08:50am EDT 

Phillips 66 Partners LP : Announces acquisition of incremental interest in Explorer Pipeline . To acquire an additional 2.5 percent equity interest in Explorer Pipeline Company . Acquisition is expected to be immediately accretive to unitholders . Acquisition is expected to be funded with cash and borrowings under partnership's revolving credit facility . Terms of acquisition were approved by board of directors of general partner of company . Acquisition will result in partnership having a total ownership interest of approximately 22 percent .Terms of agreement are not being disclosed.  Full Article

Phillips 66 Partners LP increases quarterly cash distribution by 5 pct to $0.505 per common unit
Wednesday, 20 Jul 2016 03:13pm EDT 

Phillips 66 Partners LP : Declared a second-quarter 2016 cash distribution of $0.505 per common unit . Phillips 66 partners announces 5 percent increase in quarterly cash distribution .Quarter's distribution represents an increase of 5 percent over previous quarterly distribution.  Full Article

Phillips 66 Partners says it may sell common units of up to $250 mln
Monday, 6 Jun 2016 11:10am EDT 

Phillips 66 Partners Lp : Files for offering and sale of common units of up to $250 million - sec filing . Says the units on offer represent limited partner interests in phillips 66 partners lp .Says the sales of units will be made over a period of time and from time to time in transactions at then-current prices.  Full Article

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