PSXP News and Press, Phillips 66 Partners LP representing limited partner interest in the Partnership From 08/12/20

For midstream, 1Q20 dividends (those paid in 2Q20) were being announced at the height of macro energy headwinds in April when the demand impact from COVID-19 was most severe. Many energy infrastructure companies chose to reduce their payouts to prioritize financial flexibility and conserve cas...

Midstream was higher each of the first 4 days this week, before taking a breather Friday, to finish up 5-6% over last week. MLPs were particularly strong, especially gathering & processing stocks. Natural gas prices spiked throughout the week, finishing at their highest point all year, sup...

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 However, since this list is only produced once per month, the data in it can quickly get out of date.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...

Energy Transfer ( ET +3.8% ) spikes near the close after the D.C. Circuit Court of Appeals stays the lower court injunction that had ordered the shutdown of the Dakota Access oil pipeline. More news on: Energy Transfer LP, Phillips 66 Partners LP, MPLX LP, Energy stocks news, Stocks on...

Even with the shutdown order stayed, I’ve spent quite a bit of time in the weeds of the Dakota Access Pipeline case. While it might seem a bit of a waste, it is a necessary effort as the outcome will have profound implications for its owners: Energy Transfer ( ET ), MPLX ( MPLX ), Enbri...

2020 was supposed to be a great year for Phillips 66 ( PSX ). With large coking capacity, PSX was in a great position to profit from the new IMO-2020 regulations to significant reduce maritime emissions. Indeed, as I reported in November of last year, diesel crack margins futures for 2020 ...

Government shutdowns to help slow the spread of COVID-19 caused demand for refined petroleum products to fall off a cliff during the second quarter. Because of that, refiners like  Phillips 66   (NYSE: PSX) had to reduce production to avoid filling the country's dwindling storage...

Phillips 66 Partners LP (PSXP) Q2 2020 Earnings Conference Call July 31, 2020 14:00 ET Company Participants Jeff Dietert - Vice President, Investor Relations Kevin Mitchell - Vice President and Chief Financial Officer Rosy Zuklic - Vice President and Chief Operating Officer Tim...

Image source: The Motley Fool. Phillips 66 Partners LP   (NYSE: PSXP) Q2 2020 Earnings Call Jul 31, 2020 , 2:00 p.m. ET Operator Continue reading

Phillips 66 Partners (NYSE: PSXP ) may need to cut capital spending and dividends if the Dakota Access Pipeline is shut by court order, CFO Kevin Mitchell said during today's earnings conference call. More news on: Phillips 66 Partners LP, Energy stocks news, Earnings news and commenta...