Phillips 66 Partners LP (PSXP) 51.81 $PSXP
Plains All American Pipeline and Phillips 66 Partners Announce STACK Pipeline Joint Venture and Expansion Plans
BusinessWire - 2 hrs 19 mins ago
Plains All American Pipeline, L.P. (NYSE: PAA) and Phillips 66 Partners LP (NYSE: PSXP) today announced the formation of STACK Pipeline LLC (JV), a 50/50 limited liability company to own and operate a common carrier pipeline that transports crude oil from the Sooner Trend, Anadarko Basin, Canadian and Kingfisher Counties (STACK) play in northwestern Oklahoma to Cushing, Okla. Under the JV agreement, Plains contributed an existing terminal located at Cashion, Okla. with approximately 200,000 barrels of crude oil storage (Cashion Terminal) and an approximately 55-mile crude oil pipeline with a current capacity of approximately 100,000 barrels per day (STACK Pipeline), while Phillips 66 Partners contributed $50 million cash, which will be distributed to Plains, in exchange for a 50 percent interest in the JV.
PSXP: 51.81 (-0.95), PAA: 27.58 (+1.02)
Research Report Coverage on Select Oil & Gas Refiners Stocks -- Alon USA Energy, Calumet Specialty Products Partners, Phillips 66 Partners, and Renewable Energy
PR Newswire - Tue Aug 02, 9:20AM CDT
In today's pre-market research, Stock-Callers.com takes a look at the Oil & Gas Refining & Marketing space, which continues to grapple with lower oil prices, market instability, and a global supply glut. Equities in focus are Alon USA Energy Inc. (NYSE: ALJ), Calumet Specialty Products Partners L.P. (NASDAQ: CLMT), Phillips 66 Partners L.P. (NYSE: PSXP), and Renewable Energy Group Inc. (NASDAQ: REGI). These stocks research reports can be downloaded now by simply registering for free at:
REGI: 9.74 (+0.27), PSXP: 51.81 (-0.95), ALJ: 7.33 (+0.40), CLMT: 4.67 (+0.09)
Phillips 66 Partners Reports Second-Quarter Earnings
BusinessWire - Fri Jul 29, 6:00AM CDT
--Acquired the remaining 75 percent interest in Phillips 66's Sweeny NGL fractionator and associated storage caverns, along with the Standish Pipeline
PSXP: 51.81 (-0.95)
Phillips 66 Partners Prices Public Offering of 11,000,000 Common Units
BusinessWire - Wed May 04, 6:42PM CDT
Phillips 66 Partners LP (NYSE: PSXP) (the "Partnership"
today announced the pricing of its upsized underwritten public offering of 11,000,000 common units representing limited partner interests in the Partnership at $52.40 per common unit. In connection with the offering, the Partnership has granted the underwriters a 30-day option to purchase up to an additional 1,650,000 common units. This offering is expected to close on May 10, 2016, subject to customary closing conditions.
PSXP: 51.81 (-0.95)
Phillips 66 Partners Announces Public Offering of 7,500,000 Common Units
BusinessWire - Wed May 04, 3:31PM CDT
Phillips 66 Partners LP (NYSE: PSXP) (the "Partnership" today announced the commencement of an underwritten public offering of 7,500,000 common units representing limited partner interests in the Partnership. In connection with the offering, the Partnership will grant the underwriter a 30-day option to purchase up to an additional 1,125,000 common units.
PSXP: 51.81 (-0.95)
Phillips 66 Partners Announces Acquisition of Standish Pipeline and Remaining 75 Percent Interest in Sweeny Fractionator One and Clemens Caverns
BusinessWire - Wed May 04, 3:17PM CDT
--Expected to be immediately accretive to unitholders
PSX: 78.66 (+2.51), PSXP: 51.81 (-0.95)
1 Fast-Growing Energy Dividend Stock Not Being Hurt by Oil Volatility
Adam Galas, The Motley Fool - Motley Fool - Tue May 03, 7:00AM CDT
Source: Shell Midstream Partners. Dividend investors might be surprised to find that not all energy dividends are suffering amid the worst oil crash in over 50 years. SHLX Dividend data by YCharts Shell Midstream Partners ...
PSXP: 51.81 (-0.95), VLP: 42.23 (+1.14), SHLX: 31.26 (-0.61), MPLX: 33.00 (+1.68)
Phillips 66 Partners Reports First-Quarter Earnings
BusinessWire - Fri Apr 29, 6:00AM CDT
--Adjusted EBITDA of $73.8 million
PSXP: 51.81 (-0.95)
What Awaits Newfield Exploration (NFX) this Earnings Season?
Zacks Equity Research - Zacks Investment Research - Wed Apr 27, 10:28AM CDT
Newfield Exploration Company (NFX) is set to report first-quarter 2016 results on May 3.
PSXP: 51.81 (-0.95), NFX: 44.66 (+3.11), DO: 21.23 (+0.45), ESV: 8.55 (+0.27)
Will Lower Realizations Hit ExxonMobil (XOM) Q1 Earnings?
Zacks Equity Research - Zacks Investment Research - Tue Apr 26, 10:05AM CDT
ExxonMobil Corporation (XOM), the U.S. energy behemoth, is set to release first-quarter 2016 financial results before the opening bell on Friday, Apr 29.
PSXP: 51.81 (-0.95), TOT: 46.74 (+0.03), SXC: 7.52 (+0.40), XOM: 87.49 (+0.45)
Is Phillips 66 Partners (PSXP) a Great Growth Stock?
Zacks Equity Research - Zacks Investment Research - Tue Apr 26, 7:59AM CDT
Phillips 66 Partners (PSXP) looks like an exciting pick for investors as it is poised for strong future growth.
PSXP: 51.81 (-0.95)
Baker Hughes (BHI): What's in Store This Earnings Season?
Zacks Equity Research - Zacks Investment Research - Mon Apr 25, 10:19AM CDT
Baker Hughes Inc. (BHI) is set to report first-quarter 2016 results on Apr 25, before the opening bell.
PSXP: 51.81 (-0.95), TOT: 46.74 (+0.03), SXC: 7.52 (+0.40), BHI: 47.13 (+0.45)
Is Marathon Petroleum (MPC) Set to Outperform Again in Q1?
Zacks Equity Research - Zacks Investment Research - Mon Apr 25, 10:09AM CDT
Independent oil refiner Marathon Petroleum (MPC) reports Q1 results on Thursday, Apr 28.
PSXP: 51.81 (-0.95), EQT: 71.53 (+1.14), MPC: 41.22 (+2.43), TOT: 46.74 (+0.03)
Phillips 66 Partners, Energy Transfer Partners and Sunoco Logistics Announce Start of Commercial Operations on Bayou Bridge Pipeline
BusinessWire - Thu Apr 21, 3:30PM CDT
Bayou Bridge Pipeline, LLC (Bayou Bridge) today announced that it has started commercial operations on the 30-inch segment of the Bayou Bridge Pipeline from Nederland, Texas, to Lake Charles, Louisiana. Bayou Bridge is jointly owned by subsidiaries of Phillips 66 Partners LP (NYSE
SXP), Energy Transfer Partners, L.P. (NYSE:ETP) and Sunoco Logistics Partners L.P. (NYSE:SXL).
PSXP: 51.81 (-0.95), ETP: 42.53 (+4.03), ETE: 16.82 (+0.93), SXL: 30.15 (+2.36)
Can FMC Technologies (FTI) Q1 Earnings Surprise?
Zacks Equity Research - Zacks Investment Research - Thu Apr 21, 9:45AM CDT
Oil drilling equipment maker FMC Technologies (FTI) is set to release its Q1 results on Tuesday, Apr 26.
PSXP: 51.81 (-0.95), HES: 53.39 (+1.64), TOT: 46.74 (+0.03), FTI: 24.97 (+0.36)
Phillips 66 Partners Announces 5 Percent Increase in Quarterly Cash Distribution
BusinessWire - Wed Apr 20, 1:30PM CDT
Phillips 66 Partners LP (NYSE: PSXP) announces that the board of directors of its general partner declared a first-quarter 2016 cash distribution of $0.481 per common unit. This quarter's distribution represents an increase of 5 percent over the previous quarterly distribution of $0.458 per unit and a 30 percent increase over first-quarter 2015. The distribution increase is consistent with previous guidance that the partnership expects a 30 percent compound annual distribution growth rate from the last quarter of 2013 through 2018. This is the tenth consecutive quarterly distribution increase since Phillips 66 Partners' initial public offering in 2013. The first-quarter distribution is payable May 12, 2016, to unitholders of record as of May 3, 2016.
PSXP: 51.81 (-0.95)
Has the Oil Crash Killed This Energy Dividend Stock's Potential for Greatness?
Adam Galas, The Motley Fool - Motley Fool - Mon Apr 18, 12:42PM CDT
Source: MPLX investor presentation. Energy prices have proved far less predictable than most Wall Street supposed "experts" have predicted. Most energy stocks, even supposedly secure dividend-paying midstream MLPs such as MPLX (NYSE: MPLX), have...
PSXP: 51.81 (-0.95), VLP: 42.23 (+1.14), SHLX: 31.26 (-0.61), MPLX: 33.00 (+1.68), MPC: 41.22 (+2.43)
Phillips 66 Partners to Announce First-Quarter Financial Results
BusinessWire - Thu Mar 24, 1:32PM CDT
Phillips 66 Partners (NYSE: PSXP) executive management will host a conference call webcast at 2 p.m. EDT on Friday, April 29, to discuss the partnership's first-quarter 2016 financial results, which will be released earlier that day, and provide an update on strategic initiatives.
PSXP: 51.81 (-0.95)
Alerian Announces Real-Time Launch of the Alerian Size Indices
PR Newswire - Mon Mar 21, 11:52AM CDT
Alerian announced today the real-time launch of the Alerian Size Indices, composed of the Alerian Large Cap MLP Index (AMLI), Alerian Mid Cap MLP Index (AMMI), and Alerian Small Cap MLP Index (AMSI). The three indices, which will be disseminated real-time on a price-return basis and on a total-return basis, will capture more than 99% of total energy Master Limited Partnership (MLP) market capitalization.
ARLP: 19.35 (+0.58), ARCX: 16.07 (+0.20), PSXP: 51.81 (-0.95), MPLX: 33.00 (+1.68), SPH: 33.82 (+0.77), BBEP: 0.13 (unch), EEP: 23.46 (+0.92), CVRR: 6.12 (+0.50), TEGP: 23.74 (+1.15), DM: 27.40 (+0.98), VLP: 42.23 (+1.14), APU: 48.61 (-0.33), OKS: 40.86 (+0.74), WPZ: 36.90 (-0.98), SUN: 30.90 (-0.22), APLP: 13.29 (-0.08), HEP: 34.49 (+0.04), ENBL: 13.03 (+0.37), BWP: 16.62 (+0.36), BSM: 15.71 (+0.10), SEP: 48.10 (-0.44), CPPL: 14.45 (-0.34), ETE: 16.82 (+0.93), GEL: 35.55 (-0.41), BKEP: 5.88 (-0.01), BPL: 71.24 (+0.23), AMID: 11.25 (+0.80), WES: 49.81 (+1.47), CLMT: 4.67 (+0.09), AM: 25.42 (+0.17), EPD: 27.30 (+0.41), SXL: 30.15 (+2.36), CEQP: 20.88 (-0.29), TNH: 106.02 (-1.90), NS: 49.39 (+0.20), PAA: 27.58 (+1.02), TEP: 47.97 (+1.54), ETP: 42.53 (+4.03), AHGP: 25.22 (+1.07), DPM: 33.27 (+0.13), FGP: 19.50 (-0.31), TLLP: 47.31 (-0.06), MMP: 69.96 (-0.41), CQP: 26.88 (+0.35), CCLP: 8.62 (+0.28), CNNX: 17.02 (+0.72), SHLX: 31.26 (-0.61), ENLC: 15.93 (+0.87), TCP: 53.33 (+0.09), ENLK: 17.33 (+0.79), PAGP: 10.79 (+0.55), CNXC: 14.09 (+0.83), WGP: 36.83 (+0.36), ALDW: 9.61 (+0.24), CAPL: 24.11 (+0.77), EQM: 78.16 (-0.26), NTI: 21.15 (+0.23), EQGP: 25.00 (+0.20)
Ferrellgas' Focus on Midstream, Warm Weather Hurts Propane
Zacks Equity Research - Zacks Investment Research - Fri Mar 18, 2:40PM CDT
Ferrellgas Partners, L.P. (FGP) is trying to increase its focus on midstream operations and gain from strategic acquisitions while inconsistent weather in winter drag down sales volume.
PSXP: 51.81 (-0.95), MEP: 7.78 (-0.51), APU: 48.61 (-0.33), FGP: 19.50 (-0.31)
Plains All American Pipeline and Phillips 66 Partners Announce STACK Pipeline Joint Venture and Expansion Plans
BusinessWire - 2 hrs 19 mins ago
Plains All American Pipeline, L.P. (NYSE: PAA) and Phillips 66 Partners LP (NYSE: PSXP) today announced the formation of STACK Pipeline LLC (JV), a 50/50 limited liability company to own and operate a common carrier pipeline that transports crude oil from the Sooner Trend, Anadarko Basin, Canadian and Kingfisher Counties (STACK) play in northwestern Oklahoma to Cushing, Okla. Under the JV agreement, Plains contributed an existing terminal located at Cashion, Okla. with approximately 200,000 barrels of crude oil storage (Cashion Terminal) and an approximately 55-mile crude oil pipeline with a current capacity of approximately 100,000 barrels per day (STACK Pipeline), while Phillips 66 Partners contributed $50 million cash, which will be distributed to Plains, in exchange for a 50 percent interest in the JV.
PSXP: 51.81 (-0.95), PAA: 27.58 (+1.02)
Research Report Coverage on Select Oil & Gas Refiners Stocks -- Alon USA Energy, Calumet Specialty Products Partners, Phillips 66 Partners, and Renewable Energy
PR Newswire - Tue Aug 02, 9:20AM CDT
In today's pre-market research, Stock-Callers.com takes a look at the Oil & Gas Refining & Marketing space, which continues to grapple with lower oil prices, market instability, and a global supply glut. Equities in focus are Alon USA Energy Inc. (NYSE: ALJ), Calumet Specialty Products Partners L.P. (NASDAQ: CLMT), Phillips 66 Partners L.P. (NYSE: PSXP), and Renewable Energy Group Inc. (NASDAQ: REGI). These stocks research reports can be downloaded now by simply registering for free at:
REGI: 9.74 (+0.27), PSXP: 51.81 (-0.95), ALJ: 7.33 (+0.40), CLMT: 4.67 (+0.09)
Phillips 66 Partners Reports Second-Quarter Earnings
BusinessWire - Fri Jul 29, 6:00AM CDT
--Acquired the remaining 75 percent interest in Phillips 66's Sweeny NGL fractionator and associated storage caverns, along with the Standish Pipeline
PSXP: 51.81 (-0.95)
Phillips 66 Partners Prices Public Offering of 11,000,000 Common Units
BusinessWire - Wed May 04, 6:42PM CDT
Phillips 66 Partners LP (NYSE: PSXP) (the "Partnership"
today announced the pricing of its upsized underwritten public offering of 11,000,000 common units representing limited partner interests in the Partnership at $52.40 per common unit. In connection with the offering, the Partnership has granted the underwriters a 30-day option to purchase up to an additional 1,650,000 common units. This offering is expected to close on May 10, 2016, subject to customary closing conditions. PSXP: 51.81 (-0.95)
Phillips 66 Partners Announces Public Offering of 7,500,000 Common Units
BusinessWire - Wed May 04, 3:31PM CDT
Phillips 66 Partners LP (NYSE: PSXP) (the "Partnership"
today announced the commencement of an underwritten public offering of 7,500,000 common units representing limited partner interests in the Partnership. In connection with the offering, the Partnership will grant the underwriter a 30-day option to purchase up to an additional 1,125,000 common units. PSXP: 51.81 (-0.95)
Phillips 66 Partners Announces Acquisition of Standish Pipeline and Remaining 75 Percent Interest in Sweeny Fractionator One and Clemens Caverns
BusinessWire - Wed May 04, 3:17PM CDT
--Expected to be immediately accretive to unitholders
PSX: 78.66 (+2.51), PSXP: 51.81 (-0.95)
1 Fast-Growing Energy Dividend Stock Not Being Hurt by Oil Volatility
Adam Galas, The Motley Fool - Motley Fool - Tue May 03, 7:00AM CDT
Source: Shell Midstream Partners. Dividend investors might be surprised to find that not all energy dividends are suffering amid the worst oil crash in over 50 years. SHLX Dividend data by YCharts Shell Midstream Partners ...
PSXP: 51.81 (-0.95), VLP: 42.23 (+1.14), SHLX: 31.26 (-0.61), MPLX: 33.00 (+1.68)
Phillips 66 Partners Reports First-Quarter Earnings
BusinessWire - Fri Apr 29, 6:00AM CDT
--Adjusted EBITDA of $73.8 million
PSXP: 51.81 (-0.95)
What Awaits Newfield Exploration (NFX) this Earnings Season?
Zacks Equity Research - Zacks Investment Research - Wed Apr 27, 10:28AM CDT
Newfield Exploration Company (NFX) is set to report first-quarter 2016 results on May 3.
PSXP: 51.81 (-0.95), NFX: 44.66 (+3.11), DO: 21.23 (+0.45), ESV: 8.55 (+0.27)
Will Lower Realizations Hit ExxonMobil (XOM) Q1 Earnings?
Zacks Equity Research - Zacks Investment Research - Tue Apr 26, 10:05AM CDT
ExxonMobil Corporation (XOM), the U.S. energy behemoth, is set to release first-quarter 2016 financial results before the opening bell on Friday, Apr 29.
PSXP: 51.81 (-0.95), TOT: 46.74 (+0.03), SXC: 7.52 (+0.40), XOM: 87.49 (+0.45)
Is Phillips 66 Partners (PSXP) a Great Growth Stock?
Zacks Equity Research - Zacks Investment Research - Tue Apr 26, 7:59AM CDT
Phillips 66 Partners (PSXP) looks like an exciting pick for investors as it is poised for strong future growth.
PSXP: 51.81 (-0.95)
Baker Hughes (BHI): What's in Store This Earnings Season?
Zacks Equity Research - Zacks Investment Research - Mon Apr 25, 10:19AM CDT
Baker Hughes Inc. (BHI) is set to report first-quarter 2016 results on Apr 25, before the opening bell.
PSXP: 51.81 (-0.95), TOT: 46.74 (+0.03), SXC: 7.52 (+0.40), BHI: 47.13 (+0.45)
Is Marathon Petroleum (MPC) Set to Outperform Again in Q1?
Zacks Equity Research - Zacks Investment Research - Mon Apr 25, 10:09AM CDT
Independent oil refiner Marathon Petroleum (MPC) reports Q1 results on Thursday, Apr 28.
PSXP: 51.81 (-0.95), EQT: 71.53 (+1.14), MPC: 41.22 (+2.43), TOT: 46.74 (+0.03)
Phillips 66 Partners, Energy Transfer Partners and Sunoco Logistics Announce Start of Commercial Operations on Bayou Bridge Pipeline
BusinessWire - Thu Apr 21, 3:30PM CDT
Bayou Bridge Pipeline, LLC (Bayou Bridge) today announced that it has started commercial operations on the 30-inch segment of the Bayou Bridge Pipeline from Nederland, Texas, to Lake Charles, Louisiana. Bayou Bridge is jointly owned by subsidiaries of Phillips 66 Partners LP (NYSE
SXP), Energy Transfer Partners, L.P. (NYSE:ETP) and Sunoco Logistics Partners L.P. (NYSE:SXL). PSXP: 51.81 (-0.95), ETP: 42.53 (+4.03), ETE: 16.82 (+0.93), SXL: 30.15 (+2.36)
Can FMC Technologies (FTI) Q1 Earnings Surprise?
Zacks Equity Research - Zacks Investment Research - Thu Apr 21, 9:45AM CDT
Oil drilling equipment maker FMC Technologies (FTI) is set to release its Q1 results on Tuesday, Apr 26.
PSXP: 51.81 (-0.95), HES: 53.39 (+1.64), TOT: 46.74 (+0.03), FTI: 24.97 (+0.36)
Phillips 66 Partners Announces 5 Percent Increase in Quarterly Cash Distribution
BusinessWire - Wed Apr 20, 1:30PM CDT
Phillips 66 Partners LP (NYSE: PSXP) announces that the board of directors of its general partner declared a first-quarter 2016 cash distribution of $0.481 per common unit. This quarter's distribution represents an increase of 5 percent over the previous quarterly distribution of $0.458 per unit and a 30 percent increase over first-quarter 2015. The distribution increase is consistent with previous guidance that the partnership expects a 30 percent compound annual distribution growth rate from the last quarter of 2013 through 2018. This is the tenth consecutive quarterly distribution increase since Phillips 66 Partners' initial public offering in 2013. The first-quarter distribution is payable May 12, 2016, to unitholders of record as of May 3, 2016.
PSXP: 51.81 (-0.95)
Has the Oil Crash Killed This Energy Dividend Stock's Potential for Greatness?
Adam Galas, The Motley Fool - Motley Fool - Mon Apr 18, 12:42PM CDT
Source: MPLX investor presentation. Energy prices have proved far less predictable than most Wall Street supposed "experts" have predicted. Most energy stocks, even supposedly secure dividend-paying midstream MLPs such as MPLX (NYSE: MPLX), have...
PSXP: 51.81 (-0.95), VLP: 42.23 (+1.14), SHLX: 31.26 (-0.61), MPLX: 33.00 (+1.68), MPC: 41.22 (+2.43)
Phillips 66 Partners to Announce First-Quarter Financial Results
BusinessWire - Thu Mar 24, 1:32PM CDT
Phillips 66 Partners (NYSE: PSXP) executive management will host a conference call webcast at 2 p.m. EDT on Friday, April 29, to discuss the partnership's first-quarter 2016 financial results, which will be released earlier that day, and provide an update on strategic initiatives.
PSXP: 51.81 (-0.95)
Alerian Announces Real-Time Launch of the Alerian Size Indices
PR Newswire - Mon Mar 21, 11:52AM CDT
Alerian announced today the real-time launch of the Alerian Size Indices, composed of the Alerian Large Cap MLP Index (AMLI), Alerian Mid Cap MLP Index (AMMI), and Alerian Small Cap MLP Index (AMSI). The three indices, which will be disseminated real-time on a price-return basis and on a total-return basis, will capture more than 99% of total energy Master Limited Partnership (MLP) market capitalization.
ARLP: 19.35 (+0.58), ARCX: 16.07 (+0.20), PSXP: 51.81 (-0.95), MPLX: 33.00 (+1.68), SPH: 33.82 (+0.77), BBEP: 0.13 (unch), EEP: 23.46 (+0.92), CVRR: 6.12 (+0.50), TEGP: 23.74 (+1.15), DM: 27.40 (+0.98), VLP: 42.23 (+1.14), APU: 48.61 (-0.33), OKS: 40.86 (+0.74), WPZ: 36.90 (-0.98), SUN: 30.90 (-0.22), APLP: 13.29 (-0.08), HEP: 34.49 (+0.04), ENBL: 13.03 (+0.37), BWP: 16.62 (+0.36), BSM: 15.71 (+0.10), SEP: 48.10 (-0.44), CPPL: 14.45 (-0.34), ETE: 16.82 (+0.93), GEL: 35.55 (-0.41), BKEP: 5.88 (-0.01), BPL: 71.24 (+0.23), AMID: 11.25 (+0.80), WES: 49.81 (+1.47), CLMT: 4.67 (+0.09), AM: 25.42 (+0.17), EPD: 27.30 (+0.41), SXL: 30.15 (+2.36), CEQP: 20.88 (-0.29), TNH: 106.02 (-1.90), NS: 49.39 (+0.20), PAA: 27.58 (+1.02), TEP: 47.97 (+1.54), ETP: 42.53 (+4.03), AHGP: 25.22 (+1.07), DPM: 33.27 (+0.13), FGP: 19.50 (-0.31), TLLP: 47.31 (-0.06), MMP: 69.96 (-0.41), CQP: 26.88 (+0.35), CCLP: 8.62 (+0.28), CNNX: 17.02 (+0.72), SHLX: 31.26 (-0.61), ENLC: 15.93 (+0.87), TCP: 53.33 (+0.09), ENLK: 17.33 (+0.79), PAGP: 10.79 (+0.55), CNXC: 14.09 (+0.83), WGP: 36.83 (+0.36), ALDW: 9.61 (+0.24), CAPL: 24.11 (+0.77), EQM: 78.16 (-0.26), NTI: 21.15 (+0.23), EQGP: 25.00 (+0.20)
Ferrellgas' Focus on Midstream, Warm Weather Hurts Propane
Zacks Equity Research - Zacks Investment Research - Fri Mar 18, 2:40PM CDT
Ferrellgas Partners, L.P. (FGP) is trying to increase its focus on midstream operations and gain from strategic acquisitions while inconsistent weather in winter drag down sales volume.
PSXP: 51.81 (-0.95), MEP: 7.78 (-0.51), APU: 48.61 (-0.33), FGP: 19.50 (-0.31)
