Phillips 66 Partners LP (NYSE:PSXP) Files An 8-K Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition.
On February8, 2019, Phillips 66 Partners LP issued a press release announcing the partnership’s financial and operating results for the quarter ended December31, 2018. A copy of the press release is attached as Exhibit 99.1 hereto and incorporated herein by reference. Additional financial and operating information about the quarter is attached as Exhibit 99.2 hereto and incorporated herein by reference.
The information in this report and the exhibits hereto shall be treated as filed for purposes of the Securities Exchange Act of 1934, as amended.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 — Press release issued by Phillips 66 Partners LP on February8, 2019.
99.2 — Supplemental financial and operating information.
PHILLIPS 66 PARTNERS LP Exhibit
EX-99.1 2 mlp-20181231_erxex991.htm EXHIBIT 99.1 Exhibit Phillips 66 Partners Reports Fourth-Quarter Earnings Exhibit 99.1Phillips 66 Partners Reports Fourth-Quarter 2018 EarningsHighlightsFourth Quarter•Reported earnings of $221 million and adjusted EBITDA of $309 million•Raised quarterly distribution by 5.4 percent to $0.835 per common unit •Achieved five-year 30 percent distribution CAGR•Record pipeline and terminal throughput volumes•Commenced Sweeny to Pasadena products expansion projectFull-Year 2018•Reported earnings of $796 million and adjusted EBITDA of $1.1 billion•Increased distributions per common unit by 22 percent•Expanded Sand Hills Pipeline capacity to 485,…
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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.
