Phillips 66 Partners LP (NYSE:PSXP) Files An 8-K Other Events
Item 8.01 Other Information.

As previously disclosed, on October 6, 2017, Phillips 66 Partners GP LLC, the general partner of Phillips 66 Partners LP (the “Partnership”), entered into the Second Amended and Restated Agreement of Limited Partnership of Phillips 66 Partners LP in order to, among other things, provide for the creation and issuance of Series A Perpetual Convertible Preferred Units representing limited partner interests in the Partnership. As a result, the Partnership is filing Exhibit 99.1 hereto in order to replace in their entirety the sections entitled “Provisions of Our Partnership Agreement Relating to Cash Distributions” and “Our Partnership Agreement” that appear in the Partnership’s Registration Statement on Form S-3 (Registration File No. 333-209870), as filed with the Securities and Exchange Commission on May 10, 2016, as amended, and the Partnership’s Registration Statement on Form S-3 (Registration File No. 333-217734), as filed with the Securities and Exchange Commission on May 5, 2017.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

PHILLIPS 66 PARTNERS LP Exhibit
EX-99.1 2 exhibit991_1.htm EXHIBIT 99.1 Exhibit PROVISIONS OF OUR PARTNERSHIP AGREEMENT RELATING TO CASH DISTRIBUTIONS Set forth below is a summary of the significant provisions of our partnership agreement that relate to cash distributions.Distributions of Available CashGeneralOur partnership agreement requires that,…
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About Phillips 66 Partners LP (NYSE:PSXP)

Phillips 66 Partners LP owns, operates, develops and acquires fee-based crude oil, refined petroleum product and natural gas liquids (NGL) pipelines, terminals and other transportation and midstream assets. The Company charges tariffs and fees for transporting crude oil and refined petroleum product pipeline, terminal, rail rack and storage systems in the Central, Gulf Coast, Atlantic Basin and Western regions of the United States. The Company’s assets also consists of systems, which include Clifton Ridge Crude System, Sweeny to Pasadena Products System, Hartford Connector Products System, Gold Line Products System, Medford Spheres, Bayway Rail Rack, Ferndale Rail Rack, Cross-Channel Connector Project, Eagle Ford Gathering System Project, Sand Hills/Southern Hills/Explorer Pipeline joint ventures, Bakken Joint Ventures and Bayou Bridge joint venture. Its Clifton Ridge Crude System is a crude oil pipeline, terminal and storage system located in Sulphur, Louisiana.