Securities and exchange commission reporting information. Phillips 66 partners is a onethird owner of this joint venture with dcp midstream. Phillips 66 s management is guiding for distributions to grow at a 30% cagr. Phillips 66 and phillips 66 partners announce elimination of. Psxp stock price phillips 66 partners lp stock quote u. Phillips 66 partners lp common units representing limited. Psxp announces that the board of directors of its general partner declared a fourthquarter 2019 cash. Sign up for free newsletters and get more cnbc delivered to your inbox.
Why buying phillips 66 partners positions you for big gains march 4. On july 26, 20, we completed our initial public offering, and. Headquartered in houston, texas, phillips 66 partners is a growthoriented, traditional master limited partnership formed by phillips 66 to own, operate, develop and acquire primarily feebased crude oil, refined petroleum product and natural gas liquids ngl pipelines and terminals and. Phillips 66 partners rewards investors with distribution hike zacks.
Phillips 66 partners psxp is likely to maintain quarterly distribution hikes on solid backlog of organic midstream growth projects. Phillips 66, conoco and 76 gas stations across the u. Phillips 66 partners to acquire stake in pipeline systems. Welcome to the phillips 66 partners investors site. Phillips 66 partners increases quarterly cash distribution business wire houston october 16, 2019 phillips 66 partners lp nyse. Nyse realtime stock quotes, news and financial information from cnbc. Phillips 66 partners lp master limited partnership ticker.
Phillips 66 partners announces 5 percent increase in. Phillips 66 partners increases quarterly cash distribution. Phillips 66 could be very busy over the next year the energy manufacturing and logistics company will need to complete several deals to support the ambitious growth plan of its mlp. It also provides terminals and storages for oil and petroleum products.
Psxp announces that the board of directors of its general partner declared a firstquarter 2018 cash distribution of. All content on is for your general information and use only and is not intended to address your particular requirements. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by ft and is not intended to be relied upon by users in making or refraining from making any specific investment or other decisions. Psxp announces that the board of directors of its general partner declared a fourthquarter 2019 cash distribution of. Phillips 66 partners currently pays its investors an attractive distribution that yields 6. Why buying phillips 66 partners positions you for big. Book value per share can be defined as the amount of equity available to shareholders expressed on a per common share basis. In the united states, the company operates conoco, phillips 66 and 76 stations. To receive notifications via email, enter your email address and select at least one subscription below.
Phillips 66 partners lp psxp is a master limited partnership involved in operating and developing midstream energy infrastructures. Phillips 66 partners lp engages in the ownership, operation, development, and acquisition of feebased crude oil, refined petroleum product and natural gas liquids pipelines and terminals, and other transportation and midstream assets. Phillips 66 partners psxp has several growth projects in its pipeline. Nyq financials, including income statements, growth rates, balance sheets and cash flow information.
Briefphillips 66 partners announces 5 percent increase in. P owns, operates, develops,and acquires crude oil, refined petroleum product and natural gas liquids ngl pipelines and terminals and. Phillips 66 partners lp psxp recently announced an approval from the board of directors to increase quarterly cash distribution the thirdquarter 2019 cash distribution has been recorded at 86. With more than 140 years of experience, we are wellpositioned to help fulfill global energy needs. Jan 21, 2016 phillips 66 is primarily a refiner with 14 facilities. Find the latest price book value for phillips 66 partners lp psxp phillips 66 partners lp psxp price book value. Reinforces phillips 66 partners as a premier mlp permanently reduces cost of capital aligns phillips 66 and public unitholders economic interests phillips 66 nyse. Find out all the key statistics for phillips 66 partners lp psxp, including valuation measures, fiscal year financial statistics, trading record, share statistics and more. For credit ratings that are derived exclusively from an existing credit rating of a program, series, categoryclass of debt, support provider or primary rated entity, or that replace a previously assigned provisional rating at the same rating level, moodys publishes a rating announcement on that series, categoryclass of debt or program as a whole, on the support provider or primary rated. This 25,000 barrel per day unit will increase production of higher octane gasoline blending components. We are a diversified energy manufacturing and logistics company with unique businesses in refining, midstream, chemicals and marketing and specialtie s. The case against bush and cheney seven stories press, 2006. Acquisition includes interests in bakken pipeline joint ventures and merey sweeny, l.
Phillips 66 partners lp psxp stock price, quote, history. Psxp began trading on the new york stock exchange on july 23, 20. Psxp phillips 66 partners lp sec filings marketwatch. Phillips 66 partners psxp is wellpositioned to increase distributions in the coming quarters on a huge backlog of organic growth midstream. Feb 11, 2020 phillips 66 partners lp all sec filings breakout by marketwatch. Feb 17, 2015 phillips 66 reported earnings increases of 28 percent in 2014 over the year prior and of 39 percent in the fourth quarter of 2014 compared to the final three months of 20.
Feb 22, 2019 the following information was filed by phillips 66 partners lp psxp on friday, february 8, 2019 as an 8k 2. Psxp announces that the board of directors of its general partner declared a fourthquarter 2017 cash distribution. A secondquarter 2019 cash distribution of 85 cents has been declared by the board of directors at phillips 66 partners lp. Jul 23, 20 phillips 66 partners lp master limited partnership description including k1 and tax status, operating regions, subordinated shares, incentive distribution rights, management teams and insider transactions. Phillips 66 is down about 20% from its 52 week high and currently has a dividend yield of 3. A solid q1 earnings report bodes well for the remainder of 2015 as the big q1 dropdown fully kicks in next quarter. It debuted as an independent energy company when conocophillips executed a spinoff of its downstream and midstream assets. With a portfolio of midstream, chemicals, refining, and marketing and specialties businesses, the company processes, transports, stores and markets fuels and products globally. Find the latest phillips 66 partners lp psxp stock quote, history, news and other vital information to help you with your stock trading and investing. He has been editor or coeditor of fourteen editions of censored, coeditor with dennis loo of impeach the president. Phillips 66 and phillips 66 partners announce elimination. Psxp announces that the board of directors of its general partner declared a. Its dcp midstream joint venture holds 61 natural gas processing facilities, 12 natural gas liquids fractionation plants, and a natural gas pipeline system with 64,000 miles of pipeline. New york stock quote phillips 66 partners lp bloomberg.
In depth view into psxp phillips 66 partners stock including the latest price, news, dividend history, earnings information and financials. Psxp began trading on the new york stock exchange on. Phillips 66 partners lp master limited partnership description including k1 and tax status, operating regions, subordinated shares, incentive distribution rights, management teams and insider transactions. Phillips 66 partners to buy bakken assets from phillips 66. This is the twentyfifth consecutive quarterly distribution increase since phillips 66 partners initial public offering in 20 and represents a 5% increase.
Price book value is a widely used stock evaluation measure. This is the twentyfourth consecutive quarterly distribution increase since phillips 66 partners initial public offering in. Briefphillips 66 partners announces 5 percent increase in quarterly cash distribution. Psxp today announced execution of a definitive agreement to eliminate all of phillips 66 s incentive distribution rights idrs and general partner gp economic.
Phillips 66 partners cheers unitholders with distribution hike. Phillips 66 partners increases quarterly cash distribution business. New york including stock price, stock chart, company news, key statistics, fundamentals and company profile. An attendee must please bring a photo id and proof of stock ownership. To return to the application, please click the button below. Eoe including disabilityprotected veterans eeo and accommodation request. Phillips 66 partners increases quarterly cash distribution investors. Houstonbusiness wirejan 21, 2020 phillips 66 partners lp nyse. After submitting your information, you will receive an email. Jan 22, 2015 phillips 66s psx first postipo initial public offering dropdowns to phillips 66 partners psxp were the gold product pipeline system, also known as the gold line system, and the medford.
Why buffett keeps loading up on phillips 66 forbes. Houston, texas phillips 66 lubricants will launch its newest aviation engine oilvictory aw 20w50at eaa airventure in oshkosh, wisc. In depth view into phillips 66 partners price to book value including historical data from 20, charts, stats and industry comps. Why buying phillips 66 partners positions you for big gains. Assets and operations as of may 31, 2016 mt uc gcf operated pipelines jointly owned or nonoperated pipelines re. This highyield stocks strategy keeps paying dividends. Our primary business objectives are to generate stable and predictable cash flows and increase our quarterly cash distribution per unit over time. Phillips 66 partners price to tangible book value psxp. Psx and phillips 66 partners psxp or partnership nyse.
N phillips 66 partners lp key developments reuters. As of last august 2019, psx announced that it will eliminate all of its incentive distribution rights idrs and general partner gp economic. Phillips 66 annual meetings typically occur in may dates and times will be posted on our website. Phillips 66 partners lp might not have the fattest distribution yield among master limited partnerships, but the company is expected to grow its payout by a compound annual rate of 30% through. Find the latest dividend history for phillips 66 partners lp common units representing limited partner interest in the partnership psxp at. The phillips 66 company is an american multinational energy company headquartered in westchase, houston, texas. Phillips 66 partners lp book value per share 20122019. Phillips 66 partners lp, headquartered in houston, texas, is a delaware limited partnership formed in 20 by phillips 66 company and phillips 66 partners gp llc our general partner, both wholly owned subsidiaries of phillips 66. This is the twentyfifth consecutive quarterly distribution increase since phillips 66 partners. Together these produce in excess of 2 million barrels every day. Briefphillips 66 partners announces 5 pct raise in quarterly. Phillips 66 partners, the companys master limited partnership, is integral to the portfolio.
Proxies will be sent to shareholders 34 weeks prior to the meeting, but if you do not receive one, call 8005791639 to request one. Phillips 66 could be very busy over the next year the. In this section you will find presentations and conference calls, governance details, unitholder information and financial reports. Psxp might not have the fattest distribution yield among master limited partnerships, but the company is expected to grow its payout by a compound annual rate of 30% through 2018. Philips recognizes the global challenges societies around the world are facing, and takes a dual approach social and ecological to the way we operate and innovate as. May 04, 2015 a solid q1 earnings report bodes well for the remainder of 2015 as the big q1 dropdown fully kicks in next quarter. Phillips 66 employees operate phillips 66 partners assets on behalf of the partnership. Phillips 66 partners is conservatively levered, but its distribution is less than. Psxp announces that the board of directors of its general partner declared a secondquarter 2019 cash distribution. We implement phillips 66 s existing programs to integrate health, occupational safety, process safety and environmental principles throughout our business with a commitment to continuous improvement. Earnings for phillips 66 partners are expected to grow by 4.
Psxp announces that the board of directors of its general partner declared a thirdquarter 2019 cash distribution of. In depth view into phillips 66 partners price to tangible book value including historical data from 20, charts, stats and industry comps. Phillips 66 partners rewards investors with distribution. This site is designed to give institutional and individual investors 24hour access to relevant financial and operating information about our company. Peter phillips has been a professor of political sociology at sonoma state university since 1994, was the director of project censored from 1996 to 2010, and the president of media freedom foundation from 2003 to 2017. The 3 biggest challenges facing phillips 66 partners after a period of rapid growth, phillips 66 partners is shifting gears.
This is set to boost its profits in the coming days. Be aware of unauthorized and fraudulent recruiting communications using the phillips 66 name and logo. Although the dividend is attractive, the best value investors look for a significant capital gain. The company backs that payout with a topnotch financial profile. This quarters distribution represents an increase of 5. Phillips 66 is a diversified energy manufacturing and logistics company. Phillips 66 partners has grown impressively from a small base, by consistent dropdowns from the parent company.
Find the latest price book value for phillips 66 partners lp psxp. Barrons also provides information on historical stock ratings, target prices, company earnings, market valuation. Current and historical book value per share for phillips 66 partners lp psxp from 2012 to 2019. Phillips 66 is committed to our relationship with interest owners, and the owner relations unit is here to answer any questions you may have. This highyield stocks strategy keeps paying dividends phillips 66 partners organic expansion program is growing its earnings and cash flow, supporting continued dividend increases. Phillips 66 partners aquires gold line system yahoo. The 3 biggest challenges facing phillips 66 partners the. Phillips 66 partners lp engages in the ownership, operation, development, and acquisition of crude oil, refined petroleum product and natural gas liquids pipelines and. About phillips 66 with more than 140 years of experience, we are wellpositioned to help fulfill global energy needs. Phillips 66 partners increases quarterly cash distribution business wire houston january 21, 2020 phillips 66 partners lp nyse. The benefit for unitholders of phillips 66 partners is that they receive distributions from the largely feebased revenue associated with the. All content is posted anonymously by employees working at phillips 66.
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