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Phillips 66 Partners LP (PSXP.N)

PSXP.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Phillips 66 Partners announces private placement of $750 mln series A perpetual convertible preferred units and $300 million common units
Friday, 22 Sep 2017 07:45am EDT 

Sept 22 (Reuters) - Phillips 66 Partners LP :Phillips 66 Partners announces private placement of $750 million series A perpetual convertible preferred units and $300 million common units.Phillips 66 Partners - ‍ entered deal to sell $750 million of newly issued series a perpetual convertible preferred units at price of $54.27/preferred unit​.Phillips 66 Partners LP - ‍ has entered into an agreement to sell 6.3 million common units at $47.59 per common unit in a private placement​.Phillips 66 Partners - to use proceeds from offering to fund acquisition of 25 percent interest in each of Dakota Access,Energy Transfer Crude Oil Company.Phillips 66 Partners - to also use proceeds from offering to fund acquisition of a 100 percent interest in Merey Sweeny, L.P.  Full Article

Phillips 66 partners Q2 earnings per share $0.61
Tuesday, 1 Aug 2017 07:00am EDT 

Aug 1 (Reuters) - Phillips 66 Partners Lp :Phillips 66 Partners reports second-quarter earnings.Q2 earnings per share $0.61.Q2 earnings per share view $0.72 -- Thomson Reuters I/B/E/S.Qtrly total revenues and other income $234 million versus $234 million.Phillips 66 Partners Lp - continue to advance several organic growth projects to support goal of achieving $1.1 billion of run-rate EBITDA by end of 2018.Q2 revenue view $235.6 million -- Thomson Reuters I/B/E/S.  Full Article

Phillips 66 Partners announces 5 pct increase in quarterly cash distribution
Wednesday, 19 Jul 2017 02:52pm EDT 

July 19 (Reuters) - Phillips 66 Partners Lp :Phillips 66 partners announces 5 percent increase in quarterly cash distribution.Phillips 66 partners lp says board of directors of its general partner declared a second-quarter 2017 cash distribution of $0.615 per common unit.  Full Article

Phillips 66 Partners LP files for potential mixed shelf offering
Friday, 5 May 2017 07:07pm EDT 

May 5 (Reuters) - Phillips 66 Partners LP :Phillips 66 Partners LP files for potential mixed shelf offering; size not disclosed - SEC filing.  Full Article

Phillips 66 Partners Q1 earnings per share $0.60
Friday, 28 Apr 2017 07:00am EDT 

April 28 (Reuters) - Phillips 66 Partners Lp ::Phillips 66 Partners reports first-quarter earnings.Q1 earnings per share $0.60.Phillips 66 Partners Lp- increased quarterly distribution by 5 percent to $0.586 per common unit.Qtrly total revenues and other income $ 234 million versus. $228 million in Q4.Q1 earnings per share view $0.64, revenue view $224.6 million -- Thomson Reuters I/B/E/S.Phillips 66 Partners Lp- stack project is expected to increase capacity by 150,000 BPD, with completion anticipated by end of 2017.  Full Article

Phillips 66 Partners announces 5 pct increase in quarterly cash distribution
Wednesday, 19 Apr 2017 03:31pm EDT 

April 19 (Reuters) - Phillips 66 Partners LP :Phillips 66 partners announces 5 percent increase in quarterly cash distribution.Phillips 66 partners lp says board of directors of its general partner declared a first-quarter 2017 cash distribution of $0.586 per common unit.  Full Article

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

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Phillips 66 Partners to buy Bakken assets from Phillips 66

Phillips 66 Partners LP said on Friday it would buy pipeline and other assets from parent Phillips 66 in a $2.4 billion deal that strengthens the master limited partnership's presence in the prolific Bakken basin.