PSXP News and Press, Phillips 66 Partners LP representing limited partner interest in the Partnership From 12/16/18

In a frustrating week for stocks in general, MLPs finished positive and midstream outperformed again. Over the last two weeks, MLPs are down 1.1% and midstream is down 2.5% compared with a 5.8% decline in the S&P 500. Utilities are up 1.7% over those same two weeks. Two zombie MLPs will ...

Phillips 66 ( PSX ) announced its 2019 capital budget Friday, and it was a bit of a surprise (at least for me). As most of you know, a primary investment thesis for PSX was its transition from relatively high cap-ex over the past few years to an era of free cash flow generation after those...

Phillips 66 ( PSX -2.4% ) announces a $2.3B capex budget for 2019 and reiterates its long-term objective to reinvest 60% of cash flow into the business and return 40% to shareholders through dividends and buybacks. More news on: Phillips 66, Phillips 66 Partners LP, Energy stocks news,...

Source: The Street/Bloomberg Investment Thesis Many investors are considering Phillips 66 ( PSX ) as an iconic US stock which should be considered as a long-term investment, and it is not surprising that at least three renowned billionaires (e.g., Warren Buffett, Daniel Loeb, and T. Boo...

Investment Thesis This article marks the 13th month that I've been keeping track of John and Jane's Taxable portfolio. While this is the 13th month since I started managing the portfolio, it is only the 11th month of the 2018 calendar year, so we still have one more month before we can get...

DENVER, Dec. 04, 2018 (GLOBE NEWSWIRE) -- Today, DCP Midstream, LP (NYSE: DCP) announced that the newly expanded capacity of the Sand Hills natural gas liquids (NGL) pipeline was placed in service December 1, 2018. This most recent expansion of 45,000 barrels per day (bpd) brought the pipel...

Phillips 66 Partners (NYSE: PSXP ) names Rosy Zuklic, most recently general manager of investor relations with Phillips 66, as its new VP and COO , effective Jan. 1. More news on: Phillips 66 Partners LP, Energy stocks news, Read more ...

By Michael Laitkep Mixed quarter of distribution growth For context, 3Q18 distributions refer to the distributions that will be paid in 4Q18 as a result of operational performance in 3Q18. The pie charts below reflect the quarter-over-quarter (Q/Q) changes to distributions, comparing 3...

Units in Buckeye Partners (BPL) have been roughly cut-in-half since BPL announced in 2016 its intent to acquire a 50% equity interest in the holding company of VTTI for $1.15 billion: Source: Yahoo Finance At the time, I was a big fan of the acquisition (see: BPL - Earn 7.5% From A...

By Stacey Morris While WTI Cushing prices were recently at the mid-$60s per barrel (bbl), prices for heavy crude in Canada were trading at less than $30/bbl. Meanwhile, WTI Cushing is trading at a discount to crude prices on the Texas Gulf Coast that is wider than the pipeline transportati...