Last $74.00 USD
Change Today +0.30 / 0.41%
Volume 61.7K
As of 4:15 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

phillips 66 partners lp (PSXP) Snapshot

Open
$74.00
Previous Close
$73.70
Day High
$74.18
Day Low
$73.15
52 Week High
06/26/14 - $79.92
52 Week Low
10/3/13 - $29.03
Market Cap
5.5B
Average Volume 10 Days
86.3K
EPS TTM
$1.07
Shares Outstanding
38.7M
EX-Date
07/31/14
P/E TM
69.2x
Dividend
$1.21
Dividend Yield
1.29%
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: $308.6K
Compensation as of Fiscal Year 2013.

phillips 66 partners lp (PSXP) Key Developments

Phillips 66 Seeks Acquisitions

Phillips 66 Partners LP (NYSE:PSXP) is looking for acquisition opportunities. Phillips 66 has filed a shelf registration. Phillips 66 intends to use the proceeds from sale of the securities for general partnership purposes, which may include debt repayment, future acquisitions, capital expenditures and additions to working capital.

Phillips 66 Partners LP Announces Unaudited Consolidated Earnings Results for the Second Quarter Ended June 30, 2014; Provides Maintenance Capital Expenditures Guidance for 2014

Phillips 66 Partners LP announced unaudited consolidated earnings results for the second quarter ended June 30, 2014. For the quarter, the company reported EBITDA of $37.6 million, and distributable cash flow of $34.3 million, both up significantly from previous quarters' results. Income before income taxes was $32.3 million. Total revenues were $56.9 million, approximately 96% of which were derived from fee-based contracts with Phillips 66 and its affiliates. Adjusted EBITDA was $37.6 million. Net income attributable to the partnership was $32.1 million or $0.41 basic and diluted per share. Capital expenditures were $3.9 million. The company had maintenance capital expenditures of $3.4 million. The company expects maintenance capital budget for the year of approximately $12 million.

Phillips 66 Partners LP Declares a Second-Quarter 2014 Cash Distribution, Payable on August 13, 2014

Phillips 66 Partners LP announced the board of directors of its general partner declared a second-quarter 2014 cash distribution of $0.3017 per limited partnership unit. This quarter's distribution represents an increase of 10% over the previous quarterly distribution of $0.2743 per unit and is 42% above the partnership's minimum quarterly distribution. The distribution is payable on Aug. 13, 2014, to unitholders of record as of Aug. 4, 2014.

 

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Industry Analysis

PSXP

Industry Average

Valuation PSXP Industry Range
Price/Earnings 46.5x
Price/Sales 42.6x
Price/Book 9.5x
Price/Cash Flow 65.4x
TEV/Sales 44.3x
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