Phillips 66 Partners LP (Phillips 66 Partners LP) 5-Year Yield-on-Cost % : 15.01 (As of Apr. 26, 2024)

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What is Phillips 66 Partners LP 5-Year Yield-on-Cost %?

Phillips 66 Partners LP's yield on cost for the quarter that ended in Dec. 2021 was 15.01.

The historical rank and industry rank for Phillips 66 Partners LP's 5-Year Yield-on-Cost % or its related term are showing as below:

PSXP' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 0.58 Med: 8.74 Max: 28.56
Current: 15.01

During the past 11 years, Phillips 66 Partners LP's highest Yield on Cost was 28.56. The lowest was 0.58. And the median was 8.74.

PSXP's 5-Year Yield-on-Cost % is not ranked
in the Oil & Gas industry.
Industry Median: 4.72 vs PSXP: 15.01

Competitive Comparison of Phillips 66 Partners LP's 5-Year Yield-on-Cost %

For the Oil & Gas Midstream subindustry, Phillips 66 Partners LP's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Phillips 66 Partners LP's 5-Year Yield-on-Cost % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Phillips 66 Partners LP's 5-Year Yield-on-Cost % distribution charts can be found below:

* The bar in red indicates where Phillips 66 Partners LP's 5-Year Yield-on-Cost % falls into.

Phillips 66 Partners LP 5-Year Yield-on-Cost % Calculation

Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.

Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.

Therefore, Yield-on-Cost of Phillips 66 Partners LP is calculated as

Yield-on-Cost

Dividend Yield %

Dividend Growth Rate)^5

Phillips 66 Partners LP (NYSE:PSXP) 5-Year Yield-on-Cost % Explanation

Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.

Phillips 66 Partners LP 5-Year Yield-on-Cost % Related Terms

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Phillips 66 Partners LP (Phillips 66 Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Phillips 66 Partners LP (NYSE:PSXP) » Definitions » 5-Year Yield-on-Cost %

Comparable Companies

TCP DCP AM PAGP ENBL ETRN NS HEP VNOM FRO TSX:ENB EPD TSX:TRP KMI WMB ET MPLX CQP OKE TSX:PPL

Traded in Other Exchanges

N/A

Address

2331 CityWest Boulevard, Houston, TX, USA, 77042

Website

https://www.phillips66partners.com

Phillips 66 Partners is a master limited partnership that provides fee-based transportation, processing, storage, and fractionation services primarily to Phillips 66, which owns a 74% limited partner interest. Phillips 66 Partners' primary revenue sources are long-term, fee-based contracts to handle crude, natural gas liquids, and refined products. Phillips 66 manages and operates Phillips 66 Partners as its noneconomic general partner. Phillips 66's general partner economic interest and incentive distribution rights were eliminated in August 2019.

Executives

Mark Haney	director	3010 BRIARPARK DRIVE, HOUSTON TX 77042
Phillip David Bairrington	director	C/O PHILLIPS 66 CORPORATE LEGAL, N13 2331 CITYWEST BLVD. HOUSTON TX 77042
Paula Ann Johnson	director	600 N. DAIRY ASHFORD, HOUSTON TX 77079
Charles Douglas Johnson	director	600 N. DAIRY ASHFORD, HOUSTON TX 77079
66 Phillips	director, 10 percent owner	2331 CITYWEST BLVD., HOUSTON TX 77042
Phillips 66 Co	director, 10 percent owner	2331 CITYWEST BLVD., HOUSTON TX 77042
Phillips 66 Project Development Inc.	director, 10 percent owner	P.O. BOX 4428, HOUSTON TX 77210
Kevin J Mitchell	director, officer: Vice President & CFO	3010 BRIARPARK DRIVE, HOUSTON TX 77042
Rosy Zuklic	officer: VP & Chief Operating Officer	2331 CITYWEST BLVD. HOUSTON TX 77042
Gary Kramer Adams	director	15624 BUMBLE BEE LANE, ROGERS AR 72758
Timothy Garth Taylor	director, officer: President	P.O. BOX 268836, OKLAHOMA CITY OK 73102
Timothy D. Roberts	director	C/O PHILLIPS 66 PARTNERS LP, 3010 BRIARPARK DRIVE, HOUSTON TX 77042
Chukwuemeka A. Oyolu	officer: Vice President & Controller	3010 BRIARPARK DRIVE, HOUSTON TX 77042
J. T. Liberti	officer: VP and Chief Operating Officer	3010 BRIARPARK DRIVE HOUSTON TX 77042
Robert A Herman	director	3010 BRIARPARK DRIVE, 9TH FLOOR, HOUSTON TX 77042