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Phillips 66 Partners LP

Company Summary

Description

Phillips 66 Partners (NYSE: PSXP) began trading on the New York Stock Exchange on July 23, 2013. Headquartered in Houston, Texas, Phillips 66 Partners is a growth-oriented master limited partnership formed by Phillips 66 to own, operate, develop and acquire primarily fee-based crude oil, refined petroleum product and natural gas liquids (“NGL”) pipelines and terminals and other transportation and midstream assets.

Website

http://www.phillips66partners.com/EN/about/Pages/i...

Financial Data:

NYSE:PSXP from Google Finance

Tickers:

  • PSXP - New York Stock Exchange

Related Entities

Recent news

  • 4/6/2022 - Phillips 66 Announces... (subscriber access)
  • 3/9/2022 - Phillips 66 Partners and... (subscriber access)
  • 10/27/2021 - Phillips 66 Acquiring... (subscriber access)
  • 4/7/2021 - P66 Partners Cancels... (subscriber access)
  • 4/6/2021 - P66 Partners Expecting... (subscriber access)

Investor Presentations

  • 2Q18 Investor Presentation
  • Fourth Quarter 2017 Earnings Slides (subscriber access)
  • Sept. 2016 - Barclays CEO Energy-Power Conference (subscriber access)
  • 1Q16 Earnings Presentation (subscriber access)

Company Transactions

Date: 4/15/2022
Type: Acquisition

BUYERS:
  • Phillips 66
  • DETAILS:
    NOTES:
    Phillips 66 (PSX) has entered into an agreement to acquire all publicly held common unites of Phillips 66 Partners (PSXP) that they do not already own. The plan will close in the first quarter of 2022 via an all-stock transaction at a fixed exchange ratio of 0.50 OSX shares for each PSXP common unit.

    Date: 2/24/2020
    Type: Acquisition

    SELLERS:
  • Phillips 66
  • PROJECTS:
  • Liberty Pipeline
  • DETAILS:

    COST: 75 $MM

    NOTES:
    Phillips 66 Partners has acquired a 50% interest in the Liberty Pipeline from Phillips 66 for $75 million. They will fund the deal with cash on hand and the credit facility.
    REGIONS:
  • Bakken
  • Cushing Oil Terminal
  • Date: 11/1/2017
    Type: Acquisition

    NOTES:
    Phillips 66 acquired the TENDS Pipeline System, VP Pipeline/EP Pipeline and the Sorrento Cavern from Chevron.
    REGIONS:
  • Gulf Coast
  • Date: 10/2/2017
    Type: Acquisition

    NOTES:
    Phillips 66 Partners has entered into a deal to acquire a 25% stake in Dakota Access, LLC and Energy Transfer Crude Oil Company and a 100% interest in Merey Sweeny, LP from Phillips 66. The acquisition has a transactional value of $2.4 billion, which includes the assumption of $625 million in Bakken Pipeline debt and $100 million in Merey Sweeny related debt. The deal is set to close in early October 2017.
    REGIONS:
  • Rockies
  • Gulf Coast
  • Date: 10/11/2016
    Type: Acquisition

    NOTES:
    Phillips 66 Partners has reached an agreement to buy 30 crude, refined products and natural gas liquids logistics assets for a total consideration of $1.3 billion from Phillips 66.
    REGIONS:
  • United States
  • Date: 5/31/2016
    Type: Acquisition

    REGIONS:
  • Midcontinent
  • Gulf Coast