PSXP News and Press, Phillips 66 Partners LP representing limited partner interest in the Partnership From 04/21/20

Phillips 66 Partners LP (NYSE: PSXP) announces that the board of directors of its general partner declared a first-quarter 2020 cash distribution of $0.875 per common unit, or $3.50 per unit on an annualized basis. This represents a 4% increase compared to the first-quarter 2019 distribution....

Energy stocks are facing significant headwinds. With unprecedented restrictions on travel and movement across most countries, the demand for gasoline and other fuels has decreased dramatically. This is a severe blow for energy companies that were already grappling with a supply glut and low comm...

Oil stocks are surely caught in one of the worst times ever. The coronavirus pandemic has led many countries to impose travel restrictions, lock-downs, or other measures that have significantly reduced the demand for oil and refined products. On the supply side, while OPEC and other countries ha...

Enterprise Products Partners (NYSE: EPD ) says it will give oil companies searching for places to store crude the chance to ship barrels on its Seaway pipeline from the Gulf Coast to Cushing, Okla. More news on: Enterprise Products Partners L.P., Phillips 66 Partners LP, Energy stoc...

Amid ongoing market volatility and the long wait for first-quarter earnings, some companies continue to proactively release updates to provide further clarity on financial expectations for 2020. Today's piece summarizes company guidance updates since March 19 in a concise table, which you can ...

Phillips 66 Partners (NYSE: PSXP ) is a more than $8 billion midstream company offering investors an almost 10% dividend yield. The company has a significant ownership stake from Phillips 66 (NYSE: PSX ), a more than $25 billion company and one of the largest downstream companies in the worl...

Stocks, especially utilities, roared back in a holiday-shortened week, helped by additional stimulus measures and signs of hope from daily COVID-19 statistics. Midstream stocks (and to a lesser degree MLPs) came along for the ride. The midstream performance hierarchy returned to trend this wee...

Extraordinary valuation opportunities are based not just on price, cash flow, yield and earnings stability, but those opportunities should also be measured against alternative investment valuations too. With MLPs, we compare MLP yields to US Treasury yields. As of Friday, April 3 rd ’s ...

Shares of pipeline company  Enbridge  (NYSE: ENB) and master limited partnerships (MLPs)  Phillips 66 Partners  (NYSE: PSXP) ,  Enterprise Products Partners  (NYSE: EPD) , and  Energy Transfer Partners  (NYSE: ET) fell more than 20% in March, accor...

March is the final month where we will see dividends from companies like Apple Hospitality REIT ( APLE ) that have paid monthly ever since the inception of this portfolio. Under normal circumstances, we would need to evaluate whether or not we should continue to hold a company like APLE becaus...