Phillips 66 Partners LP

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  • Overview of US Gulf Coast 3:2:1 Crack Spread
    Macroeconomic Analysis

    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.

    By Keisha Bandz
  • uploads///forward distribution yield to distribution growth
    Earnings Report

    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.

    By Rekha Khandelwal, CFA
  • uploads///SI
    Miscellaneous

    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%.

    By Rabindra Samanta
  • uploads///top midstream gainers
    Energy & Utilities

    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.

    By Rekha Khandelwal, CFA
  • uploads///Refiney assets
    Energy & Utilities

    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%.

    By Alex Chamberlin
  • uploads///DIESEL PRICES
    Macroeconomic Analysis

    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.

    By Keisha Bandz
  • uploads///SI
    Miscellaneous

    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).

    By Rabindra Samanta
  • uploads///analyst rating
    Energy & Utilities

    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.

    By Rekha Khandelwal, CFA
  • uploads///SI
    Miscellaneous

    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.

    By Rabindra Samanta
  • uploads///entrepreneur _
    Company & Industry Overviews

    Midstream Stocks Were the Top Gainers in Energy Sector

    Last week, midstream stock Holly Energy Partners (HEP) outperformed other companies in the energy space.

    By Rabindra Samanta
  • uploads///GEL
    Earnings Report

    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.

    By Kurt Gallon
  • uploads///accountant _
    Earnings Report

    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.

    By Kurt Gallon
  • uploads///psxp ebitda and distributions
    Earnings Report

    What’s behind Phillips 66 Partners’ 58% Earnings Growth in 4Q17?

    Phillips 66 Partners (PSXP) reported its 4Q17 results on February 2, 2018.

    By Rekha Khandelwal, CFA
  • uploads///val
    Company & Industry Overviews

    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.

    By Kurt Gallon
  • uploads///Gains
    Basic Materials

    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.

    By Kurt Gallon
  • uploads///psxp institutional holdings
    Fund Managers

    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.

    By Rekha Khandelwal, CFA
  • uploads///broker recommendations
    Earnings Report

    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.”

    By Rekha Khandelwal, CFA
  • uploads///U
    Macroeconomic Analysis

    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.

    By Manu Milan
  • uploads///gasoline prod
    Macroeconomic Analysis

    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.

    By Keisha Bandz
  • uploads///Refinery Services
    Company & Industry Overviews

    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.

    By Kurt Gallon
  • uploads///Losers
    Macroeconomic Analysis

    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.

    By Kurt Gallon
  • uploads///Losers
    Macroeconomic Analysis

    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.

    By Kurt Gallon
  • uploads///weekly US crude oil supply and demand
    Macroeconomic Analysis

    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.

    By Rekha Khandelwal, CFA
  • uploads///gasoline stocks
    Macroeconomic Analysis

    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.

    By Keisha Bandz
  • uploads///distillate
    Macroeconomic Analysis

    Distillate Inventories Increased Last Week

    Distillate demand drives crude demand and crude prices. So, energy investors watch distillate inventories closely.

    By Keisha Bandz
  • uploads///GASOLINE PRICES
    Macroeconomic Analysis

    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.

    By Keisha Bandz
  • uploads///sweeny to pasadena
    Company & Industry Overviews

    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.

    By Keisha Bandz
  • uploads///clifton ridge
    Company & Industry Overviews

    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.

    By Keisha Bandz
  • uploads///PSXP prg structure
    Company & Industry Overviews

    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.

    By Keisha Bandz
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