COVID-19 cratered demand for refined petroleum products, sending this refiner deep into the red.
News & Analysis: Phillips 66 Partners
PSXP earnings call for the period ending June 30, 2020.
PSXP earnings call for the period ending March 31, 2020.
But they have a secret weapon against low oil prices.
Energy companies are deferring growth projects and suspending buybacks so they can maintain their dividends during these turbulent times.
Oil and gas stocks are down, and dividend yields are up. But can the industry maintain these payouts?
Phillips 66 Partners strikes a deal to add another new project to its expansion backlog.
Phillips 66 Partners has ample fuel to keep increasing its high-yielding payout.
Phillips 66 Partners' organic expansion program is growing its earnings and cash flow, supporting continued dividend increases.
PSXP earnings call for the period ending December 31, 2019.