PSXP News and Press, Phillips 66 Partners LP representing limited partner interest in the Partnership From 09/26/19

I got interested in MLPs as I continue to look for yield and income opportunities. Phillips 66 Partners ( PSXP ) is an interesting case as it bills itself as a “ growth oriented MLP ” in its 10-K. Like most midstream MLPs, PSXP transports crude oil, refined petroleum products, an...

Phillips 66 Partners (NYSE: PSXP) executive management will host a conference call webcast at 2 p.m. EDT on Friday, Oct. 25, to discuss the partnership’s third-quarter 2019 financial results, which will be released earlier that day, and provide an update on strategic initiatives. T...

A Little History I "discovered" MLPs just after the turn of this century when I became intrigued with Teppco, one of the quality midstream companies. A while after I purchased a position, Enterprise Products Partners ( EPD ) came along and acquired the company - at a decent premium to the un...

Source: The Street/Bloomberg Investment Thesis Houston, Texas-based Phillips 66 ( PSX ) is a large US refiner stock and it ought to be owned as a long-term investment in any savvy investor's portfolio, even if I am noticing some fundamental weaknesses rooted deeply in the company busin...

America's oil production is booming. The country's crude oil output is on track to average 12.2 million barrels per day (BPD) this year, according to the U.S. Energy Information Agency (EIA). That's an increase of 1.2 million BPD from 2018's record output . Because of that gusher of new suppl...

Phillips 66 (NYSE: PSX) has been an excellent dividend stock over the years. Since its formation in 2012, the refining giant has increased its payout nine times, growing it at an impressive 25% compound annual rate. Because of that, the company now yields an above-average 3.5%. However,...

August is one of four months that provides higher-than-normal income for John and Jane and this is largely because all of their energy (specifically pipeline & oil storage) Master Limited Partnerships ((MLP)) assets provide distributions during February, May, August, and November. These as...

Last October I wrote a Seeking Alpha piece titled Phillips 66 Partners: Hamstrung By The IDRs . The article highlighted that the 50/50 high IDR split meant that while Phillips 66 Partners ( PSXP ) was responsible for financing 100% of its growth projects and drop-down purchases, half of t...

It was a short, but steady week for midstream, helped by strong Canadian midstream performance that more than offset weakness from MLPs. Midstream stocks underperformed utilities and the S&P 500, both of which finished the week up 18.8% YTD on a price basis. On the macro, a sub-50 ISM numb...

Income-seeking investors have lots of reliable options when it comes to dividend stocks . Because there are so many choices, some excellent ones can get overlooked. Three such companies are sleepy utility PPL   (NYSE: PPL) , Canadian midstream operator Pembina Pipeline (NYSE: PBA)...