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Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry
vs
history
Cash to Debt 0.02
PSXP's Cash to Debt is ranked lower than
96% of the 167 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 0.39 vs. PSXP: 0.02 )
Ranked among companies with meaningful Cash to Debt only.
PSXP' s Cash to Debt Range Over the Past 10 Years
Min: 0.02  Med: 0.24 Max: No Debt
Current: 0.02
Equity to Asset 0.58
PSXP's Equity to Asset is ranked higher than
75% of the 163 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 0.43 vs. PSXP: 0.58 )
Ranked among companies with meaningful Equity to Asset only.
PSXP' s Equity to Asset Range Over the Past 10 Years
Min: 0.13  Med: 0.49 Max: 0.98
Current: 0.58
0.13
0.98
Interest Coverage 7.21
PSXP's Interest Coverage is ranked lower than
55% of the 149 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 10.09 vs. PSXP: 7.21 )
Ranked among companies with meaningful Interest Coverage only.
PSXP' s Interest Coverage Range Over the Past 10 Years
Min: 5.74  Med: 324 Max: No Debt
Current: 7.21
F-Score: 5
Z-Score: 3.17
M-Score: -2.94
WACC vs ROIC
12.67%
13.31%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) 58.38
PSXP's Operating margin (%) is ranked higher than
99% of the 166 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 3.35 vs. PSXP: 58.38 )
Ranked among companies with meaningful Operating margin (%) only.
PSXP' s Operating margin (%) Range Over the Past 10 Years
Min: 40.95  Med: 51.92 Max: 58.38
Current: 58.38
40.95
58.38
Net-margin (%) 54.00
PSXP's Net-margin (%) is ranked higher than
98% of the 167 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 2.14 vs. PSXP: 54.00 )
Ranked among companies with meaningful Net-margin (%) only.
PSXP' s Net-margin (%) Range Over the Past 10 Years
Min: 15.44  Med: 50.65 Max: 55.79
Current: 54
15.44
55.79
ROE (%) 22.72
PSXP's ROE (%) is ranked higher than
79% of the 164 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 10.73 vs. PSXP: 22.72 )
Ranked among companies with meaningful ROE (%) only.
PSXP' s ROE (%) Range Over the Past 10 Years
Min: 6.39  Med: 27.96 Max: 66.28
Current: 22.72
6.39
66.28
ROA (%) 11.80
PSXP's ROA (%) is ranked higher than
86% of the 169 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 4.32 vs. PSXP: 11.80 )
Ranked among companies with meaningful ROA (%) only.
PSXP' s ROA (%) Range Over the Past 10 Years
Min: 6.28  Med: 18.24 Max: 28.58
Current: 11.8
6.28
28.58
ROC (Joel Greenblatt) (%) 27.03
PSXP's ROC (Joel Greenblatt) (%) is ranked higher than
75% of the 167 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 13.89 vs. PSXP: 27.03 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
PSXP' s ROC (Joel Greenblatt) (%) Range Over the Past 10 Years
Min: 27.03  Med: 42.31 Max: 46.73
Current: 27.03
27.03
46.73
GuruFocus has detected 2 Warning Signs with Phillips 66 Partners LP $PSXP.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» PSXP's 10-Y Financials

Financials (Next Earnings Date: 2017-02-03)


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow
Oprt. Cash Flow & Net Income

» Details

Guru Trades

Q2 2015

PSXP Guru Trades in Q2 2015

Ron Baron 966,454 sh (-12.69%)
Jim Simons 36,100 sh (-32.90%)
» More
Q3 2015

PSXP Guru Trades in Q3 2015

Jim Simons 85,500 sh (+136.84%)
Ron Baron 412,340 sh (-57.33%)
» More
Q4 2015

PSXP Guru Trades in Q4 2015

Jim Simons Sold Out
Ron Baron Sold Out
» More
Q3 2016

PSXP Guru Trades in Q3 2016

Jim Simons 22,800 sh (New)
» More
» Details

Insider Trades

Latest Guru Trades with PSXP

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Business Description

Industry: Oil & Gas - Refining & Marketing » Oil & Gas Refining & Marketing    NAICS: 324110    SIC: 2911
Compare:NYSE:HFC, NYSE:VVV, NYSE:SHI, OTCPK:DCCPF, NYSE:WNR, NYSE:INT, NYSE:SUN, NYSE:NGL, NYSE:IOC, NYSE:PBF, NYSE:CVI, OTCPK:PKIUF, OTCPK:SOOCY, OTCPK:NTOIY, NYSE:CVRR, NYSE:TSO, NYSE:DK, NYSE:CAPL, NYSE:ALJ, NYSE:FGP » details
Traded in other countries:W66A.Germany,
Phillips 66 Partners LP owns, operates, develops and acquires fee-based crude oil, refined petroleum product and natural gas liquids pipelines and terminals and other transportation and midstream assets.

Phillips 66 Partners LP was incorporated Delaware on February 20, 2013. On July 26, 2013, the Company completed initial public offering, and its common unit's trade on the New York Stock Exchange. The Company owns, operates, develops and acquires fee-based crude oil, refined petroleum product and natural gas liquids (NGL) pipelines, terminals and other transportation and midstream assets. The Company competes with integrated petroleum companies, which have their own crude oil supplies and distribution and marketing systems, as well as with independent refiners, many of which also have their own distribution and marketing systems. It also competes with other suppliers that purchase refined petroleum products for resale.

Top Ranked Articles about Phillips 66 Partners LP

2 More Reasons Why Buffett Continues to Buy Phillips 66 Further exploration of Buffett's involvement with the company
I have written about Warren Buffet’s accumulation of PSX shares on Gurufocus before. At that time, my reverse engineering of the Oracle’s actions led me to believe it was driven not by an interest in the oil and gas sector, but valuation driven. As Buffett continues to buy shares of Phillips 66 (NYSE:PSX) and I have gained additional insights over time, it is time for an update. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 43.90
PSXP's P/E(ttm) is ranked lower than
89% of the 134 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 12.94 vs. PSXP: 43.90 )
Ranked among companies with meaningful P/E(ttm) only.
PSXP' s P/E(ttm) Range Over the Past 10 Years
Min: 26.53  Med: 51.23 Max: 120
Current: 43.9
26.53
120
Forward P/E 12.02
PSXP's Forward P/E is ranked higher than
50% of the 24 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 15.75 vs. PSXP: 12.02 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 43.90
PSXP's PE(NRI) is ranked lower than
88% of the 133 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 12.94 vs. PSXP: 43.90 )
Ranked among companies with meaningful PE(NRI) only.
PSXP' s PE(NRI) Range Over the Past 10 Years
Min: 26.57  Med: 51.23 Max: 120
Current: 43.9
26.57
120
Price/Owner Earnings (ttm) 19.62
PSXP's Price/Owner Earnings (ttm) is ranked lower than
76% of the 79 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 12.10 vs. PSXP: 19.62 )
Ranked among companies with meaningful Price/Owner Earnings (ttm) only.
PSXP' s Price/Owner Earnings (ttm) Range Over the Past 10 Years
Min: 16.29  Med: 17.73 Max: 19.87
Current: 19.62
16.29
19.87
P/B 3.29
PSXP's P/B is ranked lower than
77% of the 162 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 1.47 vs. PSXP: 3.29 )
Ranked among companies with meaningful P/B only.
PSXP' s P/B Range Over the Past 10 Years
Min: 2.75  Med: 13.15 Max: 81.94
Current: 3.29
2.75
81.94
P/S 9.41
PSXP's P/S is ranked lower than
96% of the 163 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 0.43 vs. PSXP: 9.41 )
Ranked among companies with meaningful P/S only.
PSXP' s P/S Range Over the Past 10 Years
Min: 7.81  Med: 17.81 Max: 27.04
Current: 9.41
7.81
27.04
PFCF 7.59
PSXP's PFCF is ranked higher than
68% of the 81 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 10.51 vs. PSXP: 7.59 )
Ranked among companies with meaningful PFCF only.
PSXP' s PFCF Range Over the Past 10 Years
Min: 6.28  Med: 9.9 Max: 85.28
Current: 7.59
6.28
85.28
POCF 13.88
PSXP's POCF is ranked lower than
72% of the 105 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 7.05 vs. PSXP: 13.88 )
Ranked among companies with meaningful POCF only.
PSXP' s POCF Range Over the Past 10 Years
Min: 11.51  Med: 32.36 Max: 53.4
Current: 13.88
11.51
53.4
EV-to-EBIT 20.48
PSXP's EV-to-EBIT is ranked lower than
74% of the 136 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 11.83 vs. PSXP: 20.48 )
Ranked among companies with meaningful EV-to-EBIT only.
PSXP' s EV-to-EBIT Range Over the Past 10 Years
Min: 15.9  Med: 29.15 Max: 53.6
Current: 20.48
15.9
53.6
EV-to-EBITDA 17.82
PSXP's EV-to-EBITDA is ranked lower than
80% of the 146 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 9.68 vs. PSXP: 17.82 )
Ranked among companies with meaningful EV-to-EBITDA only.
PSXP' s EV-to-EBITDA Range Over the Past 10 Years
Min: 13.5  Med: 26.1 Max: 47.1
Current: 17.82
13.5
47.1
Current Ratio 0.67
PSXP's Current Ratio is ranked lower than
92% of the 166 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 1.33 vs. PSXP: 0.67 )
Ranked among companies with meaningful Current Ratio only.
PSXP' s Current Ratio Range Over the Past 10 Years
Min: 0.19  Med: 2.63 Max: 43.03
Current: 0.67
0.19
43.03
Quick Ratio 0.62
PSXP's Quick Ratio is ranked lower than
74% of the 166 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 0.94 vs. PSXP: 0.62 )
Ranked among companies with meaningful Quick Ratio only.
PSXP' s Quick Ratio Range Over the Past 10 Years
Min: 0.08  Med: 2.54 Max: 42.97
Current: 0.62
0.08
42.97
Days Inventory 18.85
PSXP's Days Inventory is ranked higher than
60% of the 160 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 25.83 vs. PSXP: 18.85 )
Ranked among companies with meaningful Days Inventory only.
PSXP' s Days Inventory Range Over the Past 10 Years
Min: 1.01  Med: 10.92 Max: 18.85
Current: 18.85
1.01
18.85
Days Sales Outstanding 1.18
PSXP's Days Sales Outstanding is ranked higher than
98% of the 123 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 21.72 vs. PSXP: 1.18 )
Ranked among companies with meaningful Days Sales Outstanding only.
PSXP' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.48  Med: 23.2 Max: 36.64
Current: 1.18
0.48
36.64
Days Payable 87.14
PSXP's Days Payable is ranked higher than
81% of the 110 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 28.42 vs. PSXP: 87.14 )
Ranked among companies with meaningful Days Payable only.
PSXP' s Days Payable Range Over the Past 10 Years
Min: 9.45  Med: 71.59 Max: 196.06
Current: 87.14
9.45
196.06

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 3.78
PSXP's Dividend Yield is ranked higher than
58% of the 219 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 3.28 vs. PSXP: 3.78 )
Ranked among companies with meaningful Dividend Yield only.
PSXP' s Dividend Yield Range Over the Past 10 Years
Min: 0.32  Med: 1.87 Max: 4.32
Current: 3.78
0.32
4.32
Dividend Payout 1.56
PSXP's Dividend Payout is ranked lower than
73% of the 119 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 0.41 vs. PSXP: 1.56 )
Ranked among companies with meaningful Dividend Payout only.
PSXP' s Dividend Payout Range Over the Past 10 Years
Min: 0.39  Med: 0.76 Max: 1.56
Current: 1.56
0.39
1.56
Forward Dividend Yield 4.28
PSXP's Forward Dividend Yield is ranked higher than
58% of the 220 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 3.06 vs. PSXP: 4.28 )
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield on cost (5-Year) 3.79
PSXP's Yield on cost (5-Year) is ranked lower than
62% of the 216 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 5.19 vs. PSXP: 3.79 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
PSXP' s Yield on cost (5-Year) Range Over the Past 10 Years
Min: 0.32  Med: 1.87 Max: 4.32
Current: 3.79
0.32
4.32

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 3.32
PSXP's Price/Tangible Book is ranked lower than
75% of the 151 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 1.56 vs. PSXP: 3.32 )
Ranked among companies with meaningful Price/Tangible Book only.
PSXP' s Price/Tangible Book Range Over the Past 10 Years
Min: 3.09  Med: 13.07 Max: 84.37
Current: 3.32
3.09
84.37
Price/Median PS Value 0.53
PSXP's Price/Median PS Value is ranked higher than
94% of the 143 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 1.41 vs. PSXP: 0.53 )
Ranked among companies with meaningful Price/Median PS Value only.
PSXP' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.49  Med: 1.04 Max: 1.46
Current: 0.53
0.49
1.46
Price/Graham Number 2.54
PSXP's Price/Graham Number is ranked lower than
83% of the 113 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 1.04 vs. PSXP: 2.54 )
Ranked among companies with meaningful Price/Graham Number only.
PSXP' s Price/Graham Number Range Over the Past 10 Years
Min: 2.37  Med: 5.85 Max: 13.31
Current: 2.54
2.37
13.31
Earnings Yield (Greenblatt) (%) 4.92
PSXP's Earnings Yield (Greenblatt) (%) is ranked lower than
61% of the 165 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 7.20 vs. PSXP: 4.92 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
PSXP' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 1.9  Med: 3.4 Max: 6.3
Current: 4.92
1.9
6.3

More Statistics

Revenue (TTM) (Mil) $495.2
EPS (TTM) $ 1.19
Beta1.53
Short Percentage of Float11.70%
52-Week Range $42.47 - 66.81
Shares Outstanding (Mil)105.28

Analyst Estimate

Dec16 Dec17 Dec18
Revenue (Mil $) 605 1,054
EPS ($) 2.88 3.24 5.40
EPS w/o NRI ($) 2.88 3.24 5.40
EPS Growth Rate
(3Y to 5Y Estimate)
15.37%
Dividends Per Share ($) 2.04 2.58 3.12
» More Articles for PSXP

Headlines

Articles On GuruFocus.com
Seth Klarman Keeps Pouring Money Into This Oil Refining Company Sep 12 2016 
2 More Reasons Why Buffett Continues to Buy Phillips 66 Aug 25 2016 
5-year lows: Phillips 66 Partners LP, Corporate Office Properties Trust Inc, Evertec Inc, PT Bank Ma Nov 24 2013 
Weekly CEO Buys Highlight: RCL, PSXP, ALXA, PAY, HAFC Aug 05 2013 
Royal Caribbean and Four Others Report $100 Thousand CEO Buys Jul 31 2013 

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