PSXP - Phillips 66 Partners LP: Consistent 30% CAGR Distribution Growth Solves A Lot Of Problems
Phillips 66 Partners LP (PSXP) isn't like it's bigger brothers Enterprise Product Partners (EPD) and Kinder Morgan (KMI). It doesn't have a sophisticated investor relations site loaded with elaborate and highly detailed investor presentations. It doesn't have a $40+ billion market cap (closer to $6.2 billion actually) nor does it have a track record extending back to when half of those on Seeking Alpha were still in primary school.
What it does have, however, is sector leading distribution growth, a conservative and disciplined management team, excellent financial performance