| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
228 |
| Employees |
14,000 |
| Revenues (TTM) (Millions $) |
1,146 |
| Net Income (TTM) (Millions $) |
777 |
| Cash Flow (TTM) (Millions $) |
55 |
| Capital Exp. (TTM) (Millions $) |
0 |
Business Description
Phillips 66 Partners LP is a midstream energy company that specializes in the transportation, storage, and processing of crude oil, refined products, and natural gas liquids. The company operates a diverse portfolio of assets that includes pipelines, terminals, and storage tanks, which are strategically located in key regions of the United States.
The company was founded in 2013 as a master limited partnership by Phillips 66, a leading downstream energy company, to own, operate, develop, and acquire primarily fee-based crude oil, refined petroleum product, and natural gas liquids pipelines, terminals, and other midstream assets.
Phillips 66 Partners LP is headquartered in Houston, Texas and has a workforce of more than 800 employees. The company's management team has extensive experience in the midstream energy sector and is committed to providing reliable, safe, and efficient energy transportation and storage solutions to its customers.
The partnership's assets are strategically located in key transportation hubs, including Texas, Louisiana, Oklahoma, Illinois, and Missouri. Its pipeline system includes the Gray Oak Pipeline, which transports crude oil from the Permian Basin to the Texas Gulf Coast, and the Bakken Pipeline, which transports crude oil from North Dakota to Illinois. Its terminals include the Beaumont Terminal, the largest crude oil terminal on the U.S. Gulf Coast, and the Sweeny Terminal, which is strategically located near refineries and chemical plants in Texas.
In addition to its existing assets, Phillips 66 Partners is constantly evaluating opportunities to expand its footprint and grow its business. The partnership has a disciplined approach to capital allocation and prioritizes investments in projects that offer attractive returns and enhance the value of its existing assets.
Overall, Phillips 66 Partners LP is a well-positioned, well-respected midstream energy company with a strong track record of growth and a commitment to delivering value to its customers and investors.
Company Address: 2331 CityWest Blvd. Houston 77042 TX
Company Phone Number: 283-9237 Stock Exchange / Ticker: NYSE PSXP
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3.6%