Phillips 66 Partners LP
Overview of US Gulf Coast 3:2:1 Crack Spread
Crack spreads usually fall when crude oil prices (USO) increase by more than product prices, or when product prices fall more than crude oil prices.
How Does Phillips 66 Partners’ Valuation Compare to Its Peers’?
Phillips 66 Partners’ forward distribution yield of 3.3%, owing to its fee-based revenues, consistent distribution growth, and strong coverage ratio.
Bearish Midstream Stocks: Do You Own Them?
In the past three months, EnLink Midstream has risen 8.9%, while its short-interest-to-equity-float ratio has risen 30.9%.
Recommendations for Top Midstream Gainers of 2019
As 2019 comes to a close, let’s look at the top energy midstream gainers. ONEOK (OKE) stock has risen 35% in 2019, outperforming its midstream peers.
Phillips 66: An overview
In 2013, Phillips 66 generated 67%, 13%, and 6% of its revenues from the United States, the United Kingdom, and Germany, respectively. The company’s other foreign operations contributed ~16%.
Diesel Prices Increased: EIA Provides Bullish Consumption Outlook
On April 20, US On-Highway Diesel Fuel Prices were $2.78 per gallon. This represented an increase of ~1% from $2.754 per gallon last Monday, April 13.
These Midstream Stocks Have the Highest Short Interest
On March 13, EnLink Midstream had a short-interest-to-equity float ratio of 10.1%—the highest among the midstream stocks in the Alerian MLP ETF (AMLP).
PAA, PSXP, HCLP: Key Rating Updates in the Last Week
Stifel changed its rating and price targets for quite a few MLPs in the last week.
These Midstream Stocks Lead in Short Interest
On March 6, EnLink Midstream Partners had a short-interest-to-equity float ratio of 10.1%—the highest among the midstream companies in AMLP.
Midstream Stocks Were the Top Gainers in Energy Sector
Last week, midstream stock Holly Energy Partners (HEP) outperformed other companies in the energy space.
Genesis Energy Is Trading at a Discount despite Strong Earnings
Genesis Energy is expected to post 27.4% YoY EBITDA growth in the first quarter of 2018 compared to 1Q17.
Top Earnings Growth Expected from Midstream Companies in 1Q18
In this series, we’ll look at the top ten midstream companies based on earnings growth expectations for 1Q18.
What’s behind Phillips 66 Partners’ 58% Earnings Growth in 4Q17?
Phillips 66 Partners (PSXP) reported its 4Q17 results on February 2, 2018.
How Do These MLPs Look in 2018?
MLPs had a strong start to the new year. The Alerian MLP Index rose 5% in the first week of 2018.
Which MLPs Rose More than 4% in the Week Ending September 15?
Dominion Midstream Partners (DM) was the top MLP gainer in the week ending September 22, 2017. Dominion Midstream rose 12.1% during the week.
What Do Institutional Investors Think about Phillips 66 Partners?
Nearly 70% of Phillips 66 Partners’ (PSXP) floating shares are currently held by ~195 institutional investors.
Tesoro Logistics Posts Strong 1Q16 Data: How Did Its Stock React?
Of the analysts surveyed by Bloomberg, 75% rated Tesoro Logistics (TLLP) a “buy,” while 25% rated it a “hold.”
Diesel Fuel Prices Update: What Did the EIA Forecast?
The EIA (U.S. Energy Information Administration) reported diesel fuel prices at $2.49 per gallon on November 2, 2015.
Why Did US Gasoline Inventories Increase Last Week?
US gasoline demand increased from 8.983 MMbpd in the week ending September 11 to 9.215 MMbpd in the week ending September 18.
Genesis Energy’s Refinery Services Have High Commodity Exposure
Genesis Energy’s Refinery Services segment owns terminals and facilities in the Midwest, the Gulf Coast, Montana, Utah, British Columbia, and South America.
Columbia Pipeline: Top Midstream MLP Loser on September 22
Columbia Pipeline Partners (CPPL) was the top loser among midstream MLPs at the end of trading on September 22. Its losing streak continued yesterday.
Phillips 66 Partners: Top Midstream MLP Loser on September 3
Phillips 66 Partners (PSXP) was the top loser among midstream MLPs at the end of trading on Thursday, September 3. It fell 3.13% yesterday.
July 31 Week: Movement in Crude Oil Inventories Impacts MLPs
According to the data released on August 5, US crude oil inventories fell 0.96% for the week ending July 31—compared to the previous week.
Gasoline Inventories Returned to Downtrend Last Week
Gasoline demand increased from ~8.61 MMbpd to ~8.91 MMbpd last week. Gasoline inventories remain outside the five-year range despite the draw in inventories reported on Wednesday.
Distillate Inventories Increased Last Week
Distillate demand drives crude demand and crude prices. So, energy investors watch distillate inventories closely.
Gasoline Prices Increase in the Week to April 20
US regular gasoline prices on Monday, April 20, were $2.485 per gallon. This was an increase of 3.2% from $2.408 per gallon last Monday, April 13.
Phillips 66 Partners: The Sweeny to Pasadena products system
The Sweeny to Pasadena products system is strategically located to transport petroleum products from Texas to major third-party interstate pipeline systems.
Phillips 66 Partners: The Clifton Ridge crude system
The Clifton Ridge crude system is made up of three pipelines and two terminals. It supports the Lake Charles refinery in Westlake, Louisiana.
Business overview: Phillips 66 Partners
Phillips 66 Partners (PSXP) is a master limited partnership formed by Phillips 66 (PSX). PSXP operations are integral to PSX refineries.