Phillips 66 Partners

Phillips 66 Partners is a growth-oriented master limited partnership that began trading on the New York Stock Exchange on July 23, 2013. The company is primarily focused on generating stable and predictable cash flows and increasing its quarterly cash distribution per unit over time. Phillips 66 Partners operates in the energy sector, specifically in the logistics and infrastructure segment, where it serves clients involved in the transportation, storage, and processing of crude oil, refined petroleum products, and natural gas liquids. The company leverages Phillips 66's existing programs to integrate health, occupational safety, process safety, and environmental principles throughout its operations, ensuring continuous improvement and operational excellence. The business model revolves around maintaining and improving the safety, reliability, and efficiency of its operations, which are key components in generating stable cash flows. Revenue is primarily generated through long-term, fee-based contracts with Phillips 66 and other third-party customers, providing a steady income stream.

Keywords: master limited partnership, stable cash flows, quarterly distributions, energy sector, logistics, infrastructure, crude oil, petroleum products, natural gas liquids, operational excellence.