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Last $59.95 USD
Change Today -1.39 / -2.27%
Volume 238.9K
As of 8:04 PM 08/4/15 All times are local (Market data is delayed by at least 15 minutes).

phillips 66 partners lp (PSXP) Snapshot

Open
$61.46
Previous Close
$61.34
Day High
$62.06
Day Low
$59.28
52 Week High
01/28/15 - $81.63
52 Week Low
10/14/14 - $51.35
Market Cap
4.9B
Average Volume 10 Days
363.6K
EPS TTM
$1.59
Shares Outstanding
81.9M
EX-Date
07/30/15
P/E TM
37.6x
Dividend
$1.60
Dividend Yield
2.38%
Current Stock Chart for PHILLIPS 66 PARTNERS LP (PSXP)

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phillips 66 partners lp (PSXP) Details

Phillips 66 Partners LP owns, operates, develops, and acquires crude oil, refined petroleum products, and natural gas liquids pipelines and terminals, as well as other transportation and midstream assets in the United States. Its assets include Clifton Ridge crude system, a crude oil pipeline, terminal, and storage system in Sulphur, Louisiana; Sweeny to Pasadena products system, a refined petroleum product pipeline, terminal, and storage system to distribute diesel and gasoline in Old Ocean, Texas; and Hartford Connector products system, a refined petroleum product pipeline, terminal, and storage system that distributes diesel and gasoline to third-party pipeline and terminal systems located in Hartford, Illinois. The company’s assets also consist of Gold Line Products System, a refined petroleum product pipeline system that includes 4 terminals located in Wichita, Kansas; Kansas City, Kansas; Jefferson City, Missouri; and Cahokia, Illinois. In addition, it operates 2 refinery-grade propylene storage spheres located in Medford, Oklahoma; Bayway Rail Rack, a 4-track and 120-rail-car crude oil receiving facility, which is located in Linden, New Jersey; Ferndale Rail Rack, a 2-track and 54-rail-car crude oil receiving facility that is located in Ferndale, Washington; Cross-Channel Connector project, a refined petroleum product pipeline, which provides shippers with a connection from Pasadena terminal to third-party systems with water access on the Houston Ship Channel; Palermo Rail Terminal project that constructs a crude oil rail-loading facility in Palermo, North Dakota; and Eagle Ford Gathering System project, which constructs a crude oil gathering system that consists of 2 pipelines and a storage facility in Helena and Tilden, Texas. Phillips 66 Partners GP LLC operates as the general partner of Phillips 66 Partners LP. The company was founded in 2013 and is headquartered in Houston, Texas.

Founded in 2013

phillips 66 partners lp (PSXP) Top Compensated Officers

Chairman of Phillips 66 Partners GP LLC and C...
Total Annual Compensation: --
President of Phillips 66 Partners GP LLC and ...
Total Annual Compensation: --
Chief Financial Officer of Phillips 66 Partne...
Total Annual Compensation: --
Chief Operating Officer of Phillips 66 Partne...
Total Annual Compensation: $324.4K
Vice President of Phillips 66 Partners GP LLC...
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

phillips 66 partners lp (PSXP) Key Developments

Phillips 66 Partners LP Announces Unaudited Earnings Results for the Second Quarter Ended June 30, 2015

Phillips 66 Partners LP announced unaudited earnings results for the second quarter ended June 30, 2015. For the quarter, the company reported total revenue and other income of $83.8 million compared to $70.1 million for the previous quarter. Net income was $42 million compared to $35.4 million for the previous quarter. Adjusted EBITDA was $57 million compared to $49 million for the previous quarter. Net income per basic and diluted share was $0.50 compared to $0.39 for the previous quarter. During the second quarter of 2015, total capital expenditures and investments were approximately $65 million, of which $63 million was spent on capital expansion projects and investments. EBITDA was $56.8 million compared to $46.6 million for the previous quarter. Maintenance capital expenditures were $1.5 million compared to $1.7 million for the previous quarter.

Phillips 66 Partners Mulls Acquisitions

Phillips 66 Partners LP (NYSE:PSXP) is seeking acquisitions. Tim Taylor, President of Phillips 66 Partners LP, said, “We plan to continue to grow our distributions, supported by drop-down acquisitions from our parent, Phillips 66 (NYSE:PSX), organic projects constructed at Phillips 66 Partners, and strategic acquisitions that benefit both the LP unit holders and the GP owner.”

Phillips 66 Partners LP Announces Quarterly Cash Distribution, Payable on August 12, 2015

Phillips 66 Partners LP announced that the board of directors of its general partner declared a second-quarter 2015 cash distribution of $0.40 per common unit. This quarter’s distribution represents an increase of 8% over the previous quarterly distribution of $0.37 per unit and a 33% increase over second-quarter 2014. The second-quarter distribution is payable August 12, 2015, to unitholders of record as of August 3, 2015.

 

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Industry Analysis

PSXP

Industry Average

Valuation PSXP Industry Range
Price/Earnings 37.6x
Price/Sales 20.3x
Price/Book 5.1x
Price/Cash Flow 35.6x
TEV/Sales 18.1x
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