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Phillips 66 Partners LP

Company Summary


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.


Financial Data:

NYSE:PSXP from Google Finance


  • PSXP - New York Stock Exchange

Related Entities

Recent news

  • 8/31/2020 - P66 Launches Open Season... (subscriber access)
  • 5/4/2020 - P66 Partners Expects... (subscriber access)
  • 5/4/2020 - South Texas Gateway... (subscriber access)
  • 5/4/2020 - P66's Gray Oak Pipeline... (subscriber access)
  • 3/24/2020 - Phillips 66 Reducing... (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: 2/24/2020
Type: Acquisition

  • Phillips 66
  • Liberty Pipeline

    COST: 75 $MM

    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.
  • Bakken
  • Cushing Oil Terminal
  • Date: 11/1/2017
    Type: Acquisition

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

    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.
  • Rockies
  • Gulf Coast
  • Date: 10/11/2016
    Type: Acquisition

    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.
  • United States
  • Date: 5/31/2016
    Type: Acquisition

  • Midcontinent
  • Gulf Coast