Phillips 66 Partners LP (NYSE:PSXP) Files An 8-K Results of Operations and Financial ConditionItem 2.02 Results of Operations and Financial Condition.
On July 19, 2017, the Board of Directors of our General Partner declared a quarterly cash distribution of $0.615 per common unit which, when combined with distributions to our General Partner, will result in total distributions of $104 million attributable to the second quarter of 2017. This distribution is payable August 11, 2017, to unitholders of record as of July 31, 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 July 19, 2017, announcing the declaration of its quarterly cash distribution.
PHILLIPS 66 PARTNERS LP ExhibitEX-99.1 2 psxp2017q2cashreleaseex991.htm EXHIBIT 99.1 Exhibit Exhibit 99.1Phillips 66 Partners Announces 5 Percent Increase in Quarterly Cash DistributionHOUSTON,…To view the full exhibit click here
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.