Phillips 66 Partners LP (NYSE:PSXP) Files An 8-K Results of Operations and Financial ConditionItem 2.02 Results of Operations and Financial Condition.
Phillips 66 Partners LP (NYSE:PSXP) Files An 8-K Results of Operations and Financial Condition
On April 19, 2017, the Board of Directors of our General Partner declared a quarterly cash distribution of $0.586 per common unit which, when combined with distributions to our General Partner, will result in total distributions of $95 million attributable to the first quarter of 2017. This distribution is payable May 12, 2017, to unitholders of record as of May 1, 2017. A copy of the press release announcing the declaration of our quarterly cash distribution is furnished as Exhibit 99.1 hereto and incorporated herein by reference.
Item 8.01 Other Events.
The description in Item 2.02 above of the declaration of our quarterly cash distribution is incorporated in this Item 8.01 by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 — Press release issued by Phillips 66 Partners LP on April 19, 2017, announcing the declaration of its quarterly cash distribution.
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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. Phillips 66 Partners LP (NYSE:PSXP) Recent Trading Information
Phillips 66 Partners LP (NYSE:PSXP) closed its last trading session down -0.40 at 51.70 with 137,460 shares trading hands.
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. Phillips 66 Partners LP (NYSE:PSXP) Recent Trading Information
Phillips 66 Partners LP (NYSE:PSXP) closed its last trading session down -0.40 at 51.70 with 137,460 shares trading hands.
