Last $71.02 USD
Change Today -1.78 / -2.45%
Volume 254.3K
PSXP On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 02/26/15 All times are local (Market data is delayed by at least 15 minutes).

phillips 66 partners lp (PSXP) Snapshot

Open
$72.50
Previous Close
$72.80
Day High
$72.71
Day Low
$70.99
52 Week High
01/28/15 - $81.63
52 Week Low
02/26/14 - $44.03
Market Cap
5.7B
Average Volume 10 Days
642.4K
EPS TTM
$1.48
Shares Outstanding
45.1M
EX-Date
02/2/15
P/E TM
48.1x
Dividend
$1.36
Dividend Yield
1.74%
Current Stock Chart for PHILLIPS 66 PARTNERS LP (PSXP)

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phillips 66 partners lp (PSXP) Details

Phillips 66 Partners LP acquires, owns, develops, and operates crude oil, refined petroleum product, 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. Phillips 66 Partners GP LLC is the general partner of the company. 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 Seeks Acquisitions

Phillips 66 Partners LP (NYSE:PSXP) is looking for acquisition opportunities. Phillips 66 Partners announces public offering of 5.25 million common units and net proceeds from any exercise of the underwriters’ option to purchase additional common units for general partnership purposes, including repayment of outstanding indebtedness and to fund future acquisitions and capital expenditures.

Phillips 66 Partners LP Reports Company and Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Reports Production Results for the Fourth Quarter of 2014

Phillips 66 Partners LP reported company and consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, on company basis, total revenues were $62.7 million against $30 million reported last year. This increase was primarily the result of higher pipeline throughput volumes on the Gold Line product system and also revenues from the recently acquired rail racks. Income before income taxes was $36.4 million against $17.1 million reported last year. Net income was at $36.2 million against $17.0 million reported last year. Adjusted EBITDA was at $42.6 million against $18.8 million reported last year. For the full year, on company basis, total revenues were $209.0 million against $51.2 million reported last year. Income before income taxes was $116.8 million against $29.1 million reported last year. Net income was at $116.0 million against $28.9 million reported last year. Adjusted EBITDA was $136.7 million against $32.0 million reported last year. For the quarter, on consolidated basis, total revenues were $64.8 million against $49.1 million reported last year. Income before income taxes was $36.5 million against $24.5 million reported last year. Net income was at $36.3 million against $24.4 million reported last year. EBITDA was at $43.2 million against $29.0 million reported last year. Capital expenditures were at $60.5 million against $35.7 million reported last year. Adjusted EBITDA was $42.6 million against $18.8 million reported last year. Maintenance capital expenditures were $2.8 million against $1.8 million reported last year. For the year, on consolidated basis, total revenues were $229.1 million against $187.2 million reported last year. Income before income taxes was $125.2 million against $97.2 million reported last year. Net income was at $124.4 million against $96.7 million reported last year. EBITDA was at $147.0 million against $111.8 million reported last year. Capital expenditures were at $156.9 million against $88.0 million reported last year. Adjusted EBITDA was $136.7 million against $32.0 million reported last year. Maintenance capital expenditures were $11.9 million against $2.7 million reported last year. For the fourth quarter, total pipeline throughput volumes were 727,000 barrels per day, up 6% over the third quarter. Total term linked throughput volumes were 901,000 barrels per day, representing an increase of 3% over the prior quarter.

Phillips 66 Partners LP Declares Fourth-Quarter 2014 Cash Distribution, Payable on February 13, 2015

Phillips 66 Partners LP announced the board of directors of its general partner declared a fourth-quarter 2014 cash distribution of $0.34 per limited partnership unit. This quarter's distribution represents an increase of 7% over the previous quarterly distribution of $0.3168 per unit and a 51% increase over fourth-quarter 2013. The distribution is payable on Feb. 13, 2015, to unitholders of record as of Feb. 4, 2015.

 

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Industry Analysis

PSXP

Industry Average

Valuation PSXP Industry Range
Price/Earnings 49.7x
Price/Sales 23.6x
Price/Book 9.3x
Price/Cash Flow 47.2x
TEV/Sales 25.9x
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