PSXP News and Press, Phillips 66 Partners LP representing limited partner interest in the Partnership From 12/10/19

In the last month, John and Jane saw an outflow of $137k from their Taxable account, specifically from the Fixed Income segment (which no longer exists). These funds were combined with other funds they had to purchase a retirement home without the need to finance it. The important thing to c...

The price of oil has jumped around quite a bit this year. After plunging at the end of last year, the U.S. oil benchmark price, West Texas Intermediate, rallied above $65 a barrel at one point, before tumbling back into the mid-$50s. While oil is still up sharply on the year, all that volatilit...

Phillips 66 Partners (NYSE: PSXP) has flown under the radar of most dividend investors over the years. One of the factors overshadowing the energy company is all the turbulence in that sector due to the continued volatility of oil and gas prices. On top of that, the master limited partne...

Incentive distribution rights (IDRs) were once a staple of the MLP space. In recent years, however, midstream MLPs have widely moved to eliminate their IDRs, simplifying their structures and greatly improving corporate governance in the process. Today, we will discuss some of the more recent I...

MLP (and C-Corp.) midstream companies (for simplicity, will refer to them broadly as MLPs) have vastly underperformed the market, decoupled from oil price, and even after a series of restructuring and cleaning up of balance sheet, the index trades at a distribution yield of 10%. Even some of t...

Shrinking E&P budgets, weak commodity prices, the rise of environmental, social and governance investing. The case for greater emphasis on customer satisfaction in the oil and gas industry has never been stronger. Providers of midstream services in particular, along with their stakeholders...

Phillips 66 ( PSX , PSXP ) has proposed cutting tariff rates to ship crude on its new 900K bbl/day Gray Oak oil pipeline within points in Texas, according to filings with state regulators. More news on: Phillips 66, Phillips 66 Partners LP, Energy stocks news, Read more ...

Over the last month, we have let the Taxable account ride because there are some new developments in John and Jane's lives that require them to have access to the cash portion which has been used in the past to purchase short-term certificates of deposit. This will result in the $137k disappea...

The November MLP Monthly Report can be found here offering insights on MLP industry news, the asset class's performance, yields, valuations, and fundamental drivers. Summary News : 1) Marathon Petroleum Corp. (MPC) announced that it will be spinning off its gas station business, S...

Phillips 66 Partners ' (NYSE: PSXP) growth engine continued humming along during the third quarter . Overall, the master limited partnership's ( MLP 's) earnings increased by 6% year over year; cash flow surged 17% thanks to higher volumes on its pipeline and storage assets, fueled in part b...