Company Information

  

Address: 2331 CITYWEST BLVD.  
City: HOUSTON 
State: TX 
Zip Code: 77042 
Telephone: 855-283-9237 

Description of Business

Primary SIC Code: 4610
(As filed with the SEC)  

Phillips 66 Partners LP, headquartered in Houston, Texas, is a Delaware limited partnership formed in 2013 by Phillips 66 Company and Phillips 66 Partners GP LLC (our General Partner), both wholly owned subsidiaries of Phillips 66. On July 26, 2013, we completed our initial public offering, and our common units trade on the New York Stock Exchange (NYSE) under the symbol PSXP. On August 1, 2015, Phillips 66 Company transferred all of its limited partner interest in us and its 100 percent interest in our General Partner to its wholly owned subsidiary, Phillips 66 Project Development Inc. (Phillips 66 PDI). As of December 31, 2018, Phillips 66, through Phillips 66 PDI, owned 68,760,137 common units, representing a 54 percent limited partner interest, as well as a 100 percent interest in our General Partner, which owned 2,480,051 general partner units, representing a 2 percent general partner interest.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
06/20194.270.85511.56
03/20194.050.84512.93
12/20184.000.83510.53
09/20183.780.75213.53
03/20182.860.71416.71
12/20172.590.64620.21
06/20172.450.61520.17
03/20172.360.58621.76

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2018 Leverage 2018
Net Inc/Comm Equity-0.32Total Liab/Total Assets0.57
Net Inc/Total Assets0.14Total Liab/Inv Cap0.60
Net Inc/Inv Cap0.14Total Liab/Comm Equity-1.32
Pretax Inc/Net Sales0.77Interest Coverage Ratio7.96
Net Inc/Net Sales0.76Curr Debt/EquityNA
Cash Flow/Net Sales0.85LTD/EquityNA
SG&A/NetSales0.09Total Debt/EquityNA
Asset Utilization   Liquidity  
Net Receivables Turnover11.55Quick Ratio0.43
Inventory Turnover28.32Current Ratio0.48
Inventory Day Sales0.07Net Rec/Curr Assets0.74
Net Sales/Work Cap-7.41Inv/Curr Assets0.10
Net Sales/PP&E0.34  

Income Statement (Millions)

  3/31/2019 12/31/2018 9/30/2018 6/30/2018
Total Revenues(Net Sales) 302.00 270.00 265.00 254.00
Cost of Goods Sold 139.00 88.00 84.00 85.00
Selling & Admin Exps 29.00 24.00 24.00 25.00
Operating Income 105.00 128.00 127.00 115.00
Interest Exp 27.00 28.00 28.00 29.00
Pretax Income 199.00 223.00 217.00 186.00
Other Income 2.00 0.00 0.00 0.00
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 198.00 221.00 217.00 186.00

Balance Sheet (Millions)

Assets 3/31/2019 12/31/2018 9/30/2018 6/30/2018
Cash & Short Term Investments 2.00 1.00 100.00 151.00
Receivables - Total 90.00 95.00 117.00 89.00
Inventories - Total 13.00 13.00 12.00 13.00
Total Current Assets 116.00 129.00 239.00 263.00
Net Property, Plant & Equipment 3,104.00 3,052.00 2,999.00 2,948.00
Total Assets 6,353.00 5,819.00 5,643.00 5,506.00
Liabilities        
Accounts Payable 148.00 155.00 176.00 122.00
Debt in Current Liabilities 15.00 50.00 0.00 25.00
Total Current Liabilities 188.00 270.00 238.00 210.00
Long-Term Debt 3,173.00 2,998.00 2,922.00 2,921.00
Total Liabilities 3,799.00 3,310.00 3,200.00 3,173.00
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock NA NA NA NA
Common Stock NA NA NA NA
Retained Earnings NA NA NA NA
Treasury Stock NA NA NA NA
Total Stockholders' Equity NA NA NA NA
Total Liabilities and Stockholders' Equity NA NA NA NA

Cash Flow Summary (Millions)

Categories 3/31/2019 12/31/2018 9/30/2018 6/30/2018
Net Cash Provided by Operating Activities 205.00 240.00 255.00 226.00
Net Cash Provided by Investing Activities -533.00 -313.00 -170.00 -152.00
Net Cash Provided by Financing Activities 329.00 -26.00 -136.00 -90.00

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/2014555.00245.001.45
12/2015612.00306.002.02
12/2016758.00408.002.20
12/2017934.00524.002.59
12/20181,045.00796.004.00
Growth Rates17.1434.2628.88

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/1921053,74523.79




Report Date : 9/10/2019

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