PSXP News and Press, Phillips 66 Partners LP representing limited partner interest in the Partnership From 02/23/20

Stocks of all types were negative this short week (even utilities, barely), so despite a rally in commodity prices and a further drop in interest rates, midstream stocks were negative. MLPs were down for a 4th week in the last 5 weeks and were again the worst performing group in midstream. I...

Phillips 66 Partners LP (NYSE: PSXP) (“the Partnership”) has filed its annual report on Form 10-K for the fiscal year ended Dec. 31, 2019, with the Securities and Exchange Commission (SEC). The filing can be viewed through the “Investors” area of the Partnership&#x...

Phillips 66 Partners ( PSXP -0.2% ) agrees to acquire Phillips 66's ( PSX -1.1% ) 50% interest in the Liberty Pipeline project for ~$75M. More news on: Phillips 66 Partners LP, Phillips 66, Energy stocks news, Read more ...

Phillips 66 Partners LP (NYSE: PSXP) (“Phillips 66 Partners” or the “Partnership”) has reached agreement with Phillips 66 (NYSE: PSX) to acquire its 50% interest in the Liberty Pipeline project for approximately $75 million. Phillips 66 Partners plans to fund the t...

Co-produced with Trapping Value Center Coast Brookfield MLP & Energy Infrastructure Fund ( CEN ) is one of the rare MLP funds that has maintained its distribution rate while everyone else has cut. In fact, most MLP funds have cut more than once with InfraCap MLP ETF ( AMZA ...

A number of purchases were made in the Taxable account during the month of January as John and Jane added additional capital to the account. The primary use of these funds will be in short-term certificates of deposit and bonds but some of these funds will be used to make additional purchases ...

Wide Permian crude price differentials provided a boost to midstream earnings in 2019 as companies exploited arbitrage opportunities. However, as new pipeline capacity has come on-line, the Midland-Houston crude price differential has tightened and eliminated upside from spot shipments. With m...

MLPs and midstream companies arrested their recent decline this week with a flattish week. The broad equity market had a strong week, helped by gains from some big tech firms on earnings results. The risk-on action appeared to help the large midstream corporations that tend to get more passive...

I have spent the better part of the last month documenting many of the changes that I have seen in my clients' John and Jane's Taxable and Retirement portfolios for the month of December and also for FY-2019. This will be the article that wraps everything together and also explores the changes...

Source: The Street/Bloomberg Investment Thesis Houston, Texas-based Phillips 66 ( PSX ) is one of the world's largest downstream oil corporations in this "refiners" segment. It is a distinct group within the oil industry, which sometimes is not acting totally in correlation with the rest...