PSXP News and Press, Phillips 66 Partners LP representing limited partner interest in the Partnership From 10/24/19

The idea of a fracking ban has become a hot topic in the political sphere. In a shift from several years ago, a fracking ban is a concept that many top 2020 Democratic candidates have been in favor of. Rather than being a usual election where we see moderation towards the center, hard-liners...

Introduction The Dividend Champions list is a monthly compilation of companies which have consistently increased their annual dividend payouts, and the latest edition may be found here . However, since this list is only produced once per month, the data in it can quickly get out of date. Fu...

MLP History The Master Limited Partn ership (( MLP )) s tructure was created to allow certain partnerships to gain the liquidity of a publicly traded security, like a stock, while maintaining the tax benefits of a partnership. The MLP structure provides a tax advantage to the business a...

Phillips 66 Partners ( PSX , PSXP ) has set spot rates of $4.75/bbl to ship crude on its new 900K bbl/day Gray Oak crude pipeline within points in Texas, Reuters reports. More news on: Phillips 66, Phillips 66 Partners LP, Energy stocks news, Read more ...

Fast food may have been my thing when I was growing up but now I rarely partake in hitting up the drive-through because I know I am bound to feel unfulfilled (or even nauseous) now that my stomach has gotten more touchy when it comes to greasy/processed food. Although it's no longer my thing, ...

Midstream was negative across the board this week, and the MLP Index lost more ground to the other midstream indexes that include corporations. Lower oil prices, higher interest rates and general aversion to energy stocks were likely reasons for continued weakness for the sector. Reported prog...

Phillips 66 ( PSX ) has been a top performer - both in terms of stock price appreciate and dividend growth - since its spin off from ConocoPhillips ( COP ) back in 2012: Source: August Investor Update The recent 12.5% rise in the dividend and $3 billion share buyback plan indic...

Macro Overview September was a choppy month for MLPs. DWA MLP and Alerian indices were up over +4.0% each at one point in Sept. before settling for the month +1.0% and +0.7% respectively. U.S. and global oil production have led recent headlines; attack on Saudi Aramco's oil facilities...

DALLAS , Oct. 4, 2019 /PRNewswire/ -- Cushing ® Asset Management, LP, and Swank Capital, LLC, announce today the upcoming rebalancing of The Cushing ® MLP High Income Index (the "Index") as part of normal index operations. After the markets close on October 1...

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...