Phillips 66 Partners LP

Phillips 66 Partners LP

Phillips 66 Partners LP

Overview
Date Founded

2013

Headquarters

2331 CityWest Boulevard,Houston, TX 77042

Type of Company

Public

Employees (Worldwide)

600

Industries

Oil & Gas
Industrial Machinery & Manufacturing
Power & Utilities

Company Description

Phillips 66 Partners LP engages in the ownership, operation, development, and acquisition of crude oil, refined petroleum product and natural gas liquids pipelines and terminals, and other transportation and midstream assets. It also provides terminals and storages for oil and petroleum products. The company was founded on February 20, 2013 and is headquartered in Houston, TX.

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Executives & Employees

Chairman & Chief Executive Officer

Chief Financial Officer, Director & Vice President

Chief Operating Officer & Vice President

Vice President, General Counsel & Secretary

Chief Accounting Officer, Vice President & Controller

Senior Vice President-Operations, Director General Partner

Vice President-Investor Relations, Director of Phillips 66 Partners GP LLC

Director of Phillips 66 Partners GP LLC

Vice President & Treasurer

Deputy General Counsel, Phillips 66

Board of Directors

Managing Director at General Wireless Operations, Inc.

Executive Vice President, Finance & Chief Financial Officer at Phillips 66

Phillips 66 Partners LP

Director of Phillips 66 Partners GP LLC at Phillips 66 Partners LP

Senior Vice President-Operations, Director General Partner at Phillips 66 Partners LP

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Owners & Shareholders
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Tortoise Capital Advisors' primary investment strategy is fundamentals based, long-only, with an emphasis on managing risk which they define as the potential for a permanent loss of capital. However, their investment strategies may include short-term purchases and trading where appropriate, as indicated by their fundamental and technical analysis. The firm may employ other strategies for investment company clients involving leveraging and hedging, or writing (selling) covered call options on selected equity securities in the client's portfolio. These other strategies may include currency hedging transactions and interest rate transactions such as swaps, caps and floors. Tortoise Capital Advisors evaluate companies operating in the entire energy value chain to gain a better understanding of the impact on the firm's respective investments. They have primary coverage on all midstream MLPs and pipeline c-corporations in the investment universe, and a majority of the large energy and power companies. Tortoise Capital Advisors have secondary coverage on all other MLPs, as well as a majority of the energy value chain in their investment universe.

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AAI offers innovative investment solutions designed to help advisors and investors build better portfolios. Through both their alternative investment products and access to specialty asset managers, the firm seeks to deliver portfolio solutions that allow investors to diversify their core holdings and obtain exposure to attractive investment themes. The firm's exposure to alternatives and specialty managers is achieved primarily through ETFs, exchange-traded products, closed-end funds and open-end funds with the goal of providing access that is registered, liquid and fully transparent. AAI currently does not research or actively recommend specific portfolio securities. Rather, the firm collects, validates and utilizes quantitative data and information from various sources with the goal of identifying one or more sub-advisors that are appropriate to their respective investment objectives and that provide an appropriate mix of diversified investment styles or alternatively through products that are passively managed, and track a designated index.

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EIP invests client accounts primarily in the equity securities of issuers in the Energy Industry. Energy infrastructure companies that pay out all or most of their available free cash flow are a core component of EIP's investment strategy. With respect to some of the Funds, the firm may utilize leverage to achieve the funds' intended results. They may also enter into swap agreements, repurchase agreements, options either over the counter or exchange traded, short positions on debt and equity securities, flex options, futures or other derivatives transactions which, though they may not strictly constitute leverage or borrowing, may nonetheless increase a Fund's liabilities. In addition to equities, EIP may utilize debt instruments in its investment strategies, either as stand-alone investments or for the purpose of collateralizing open derivatives positions.

Recent Transactions
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Phillips 66 Partners LP purchases Merey Sweeny LP

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Phillips 66 Partners LP purchases Bakken Holdings Co. LLC /2 Subs from Bakken Holdings Co. LLC

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Phillips 66 Partners LP purchases Chevron Corp. /National Gas Liquids from Chevron Corp.

Insider Transactions
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Transaction Advisors
Investment Advisor

Advised onPhillips 66 Partners LP purchases Merey Sweeny LP

Legal Advisor

Advised onPhillips 66 Partners LP purchases Merey Sweeny LP

Legal Advisor

Advised onPhillips 66 Partners LP purchases Merey Sweeny LP

Legal Advisor

Advised onPhillips 66 Partners LP purchases Merey Sweeny LP

Counsel

Advised onPhillips 66 Partners LP purchases Merey Sweeny LP

Counsel

Advised onPhillips 66 Partners LP purchases Merey Sweeny LP

Clients

Phillips 66 engages in the processing, transportation, storage, and marketing of fuels and other related products. The company operates through the following segments: Midstream, Chemicals, Refining and Marketing & Specialties. The Midstream segment provides crude oil and refined products transportation, terminaling and processing services, as well as natural gas, natural gas liquids and liquefied petroleum gas transportation, storage, processing and marketing services. The Chemicals segment produces and markets petrochemicals and plastics on a worldwide basis. The Refining segment Refines crude oil and other feedstocks into petroleum products such as gasoline, distillates and aviation fuels. The Marketing and Specialties segment purchases for resale and markets refined petroleum products such as base oils and lubricants, as well as power generation operations. Phillips 66 was founded on April 30, 2012 and is headquartered in Houston, TX.

Key Stats and Financials As of 2019
Market Capitalization
$10B
Total Enterprise Value
$15.2B
Earnings Per Share
$4.29
Revenue
$1.13B
EBITDAMargin
54.62%
EBITDA
$615M
Net Profit
$783M
Total Debt
$3.56B
Total Equity
$2.83B
Enterprise Value Sales
13.5x
Enterprise Value EBITDAOperating
24.65x
Three Year Compounded Annual Growth Rate Of Revenue
14.1%
Five Year Compounded Annual Growth Rate Of Revenue
37.51%
TEVNet Income
19.42x
Debt TEV
0.23x
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