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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 : 4/10

vs
industry
vs
history
Equity-to-Asset 0.40
PSXP's Equity-to-Asset is ranked lower than
56% of the 159 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 0.42 vs. PSXP: 0.40 )
Ranked among companies with meaningful Equity-to-Asset only.
PSXP' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.13  Med: 0.48 Max: 0.98
Current: 0.4
0.13
0.98
Interest Coverage 7.70
PSXP's Interest Coverage is ranked lower than
53% of the 147 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 10.09 vs. PSXP: 7.70 )
Ranked among companies with meaningful Interest Coverage only.
PSXP' s Interest Coverage Range Over the Past 10 Years
Min: 7.7  Med: 187.2 Max: No Debt
Current: 7.7
Piotroski F-Score: 4
Altman Z-Score: 1.95
Beneish M-Score: -0.58
WACC vs ROIC
8.27%
15.86%
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 : 6/10

vs
industry
vs
history
Operating Margin % 51.92
PSXP's Operating Margin % is ranked higher than
98% of the 160 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 3.48 vs. PSXP: 51.92 )
Ranked among companies with meaningful Operating Margin % only.
PSXP' s Operating Margin % Range Over the Past 10 Years
Min: 40.95  Med: 50.06 Max: 53.04
Current: 51.92
40.95
53.04
Net Margin % 35.25
PSXP's Net Margin % is ranked higher than
98% of the 161 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 2.09 vs. PSXP: 35.25 )
Ranked among companies with meaningful Net Margin % only.
PSXP' s Net Margin % Range Over the Past 10 Years
Min: 15.44  Med: 27.91 Max: 50.66
Current: 35.25
15.44
50.66
ROE % 17.84
PSXP's ROE % is ranked higher than
71% of the 158 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 10.23 vs. PSXP: 17.84 )
Ranked among companies with meaningful ROE % only.
PSXP' s ROE % Range Over the Past 10 Years
Min: 6.39  Med: 20.18 Max: 29.52
Current: 17.84
6.39
29.52
ROA % 10.43
PSXP's ROA % is ranked higher than
79% of the 163 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 4.14 vs. PSXP: 10.43 )
Ranked among companies with meaningful ROA % only.
PSXP' s ROA % Range Over the Past 10 Years
Min: 6.28  Med: 9.23 Max: 28.58
Current: 10.43
6.28
28.58
ROC (Joel Greenblatt) % 24.58
PSXP's ROC (Joel Greenblatt) % is ranked higher than
69% of the 162 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 13.46 vs. PSXP: 24.58 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
PSXP' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 18.07  Med: 36.4 Max: 61.96
Current: 24.58
18.07
61.96
3-Year Revenue Growth Rate 51.10
PSXP's 3-Year Revenue Growth Rate is ranked higher than
96% of the 145 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: -6.40 vs. PSXP: 51.10 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
PSXP' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: 0  Med: 0 Max: 51.1
Current: 51.1
0
51.1
3-Year EBITDA Growth Rate 54.60
PSXP's 3-Year EBITDA Growth Rate is ranked higher than
87% of the 128 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 5.10 vs. PSXP: 54.60 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
PSXP' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: 0  Med: 0 Max: 54.6
Current: 54.6
0
54.6
3-Year EPS without NRI Growth Rate 76.50
PSXP's 3-Year EPS without NRI Growth Rate is ranked higher than
88% of the 106 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 8.60 vs. PSXP: 76.50 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
PSXP' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: 0  Med: 0 Max: 76.5
Current: 76.5
0
76.5
GuruFocus has detected 6 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 30-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

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
Q4 2016

PSXP Guru Trades in Q4 2016

Jim Simons Sold Out
» 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:OTCPK:IDKOY, NYSE:VVV, NYSE:HFC, NYSE:WNR, NYSE:SUN, NYSE:INT, NYSE:IOC, NYSE:PBF, OTCPK:PKIUF, OTCPK:SAAFY, NYSE:SHI, NYSE:CVI, NYSE:NGL, NYSE:DK, NYSE:CVRR, NYSE:TSO, NYSE:ALJ, NYSE:CAPL, NYSE:ALDW, NYSE:SRLP » details
Traded in other countries:W66A.Germany,
Headquarter Location:USA
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 is a master limited partnership that transports crude, natural gas liquids, and refined products. Its integrated asset footprint aligns strategically with its refining sponsor's operations predominantly in the U.S. Gulf Coast and midcontinent. It is a midcap midstream company that is able to grow rapidly from a small base through a combination of drop-downs from sponsor Phillips 66 and opportunistic organic growth prospects.

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
PE Ratio 21.43
PSXP's PE Ratio is ranked lower than
76% of the 135 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 12.61 vs. PSXP: 21.43 )
Ranked among companies with meaningful PE Ratio only.
PSXP' s PE Ratio Range Over the Past 10 Years
Min: 20.67  Med: 48.76 Max: 120
Current: 21.43
20.67
120
Forward PE Ratio 10.74
PSXP's Forward PE Ratio is ranked higher than
87% of the 53 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 13.05 vs. PSXP: 10.74 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 21.43
PSXP's PE Ratio without NRI is ranked lower than
77% of the 133 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 12.62 vs. PSXP: 21.43 )
Ranked among companies with meaningful PE Ratio without NRI only.
PSXP' s PE Ratio without NRI Range Over the Past 10 Years
Min: 20.63  Med: 48.75 Max: 120
Current: 21.43
20.63
120
Price-to-Owner-Earnings 134.49
PSXP's Price-to-Owner-Earnings is ranked lower than
99.99% of the 82 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 13.11 vs. PSXP: 134.49 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
PSXP' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 133.59  Med: 139.26 Max: 147.18
Current: 134.49
133.59
147.18
PB Ratio 3.35
PSXP's PB Ratio is ranked lower than
80% of the 159 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 1.52 vs. PSXP: 3.35 )
Ranked among companies with meaningful PB Ratio only.
PSXP' s PB Ratio Range Over the Past 10 Years
Min: 2.75  Med: 10.7 Max: 81.94
Current: 3.35
2.75
81.94
PS Ratio 5.33
PSXP's PS Ratio is ranked lower than
94% of the 158 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 0.41 vs. PSXP: 5.33 )
Ranked among companies with meaningful PS Ratio only.
PSXP' s PS Ratio Range Over the Past 10 Years
Min: 4.04  Med: 7.56 Max: 27.04
Current: 5.33
4.04
27.04
Price-to-Operating-Cash-Flow 10.11
PSXP's Price-to-Operating-Cash-Flow is ranked lower than
67% of the 108 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 6.92 vs. PSXP: 10.11 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
PSXP' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 7.52  Med: 13.54 Max: 53.4
Current: 10.11
7.52
53.4
EV-to-EBIT 15.38
PSXP's EV-to-EBIT is ranked lower than
72% of the 185 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 11.51 vs. PSXP: 15.38 )
Ranked among companies with meaningful EV-to-EBIT only.
PSXP' s EV-to-EBIT Range Over the Past 10 Years
Min: 11.7  Med: 19.2 Max: 53.6
Current: 15.38
11.7
53.6
EV-to-EBITDA 12.68
PSXP's EV-to-EBITDA is ranked lower than
77% of the 190 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 8.01 vs. PSXP: 12.68 )
Ranked among companies with meaningful EV-to-EBITDA only.
PSXP' s EV-to-EBITDA Range Over the Past 10 Years
Min: 9.7  Med: 16.5 Max: 47.1
Current: 12.68
9.7
47.1
Current Ratio 0.85
PSXP's Current Ratio is ranked lower than
81% of the 153 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 1.36 vs. PSXP: 0.85 )
Ranked among companies with meaningful Current Ratio only.
PSXP' s Current Ratio Range Over the Past 10 Years
Min: 0.19  Med: 1.43 Max: 43.03
Current: 0.85
0.19
43.03
Quick Ratio 0.73
PSXP's Quick Ratio is ranked lower than
63% of the 153 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 0.96 vs. PSXP: 0.73 )
Ranked among companies with meaningful Quick Ratio only.
PSXP' s Quick Ratio Range Over the Past 10 Years
Min: 0.08  Med: 1.33 Max: 42.97
Current: 0.73
0.08
42.97
Days Inventory 11.22
PSXP's Days Inventory is ranked higher than
73% of the 154 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 28.35 vs. PSXP: 11.22 )
Ranked among companies with meaningful Days Inventory only.
PSXP' s Days Inventory Range Over the Past 10 Years
Min: 1.01  Med: 8.04 Max: 16.05
Current: 11.22
1.01
16.05
Days Sales Outstanding 2.23
PSXP's Days Sales Outstanding is ranked higher than
94% of the 120 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 26.50 vs. PSXP: 2.23 )
Ranked among companies with meaningful Days Sales Outstanding only.
PSXP' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.48  Med: 3.31 Max: 23.2
Current: 2.23
0.48
23.2
Days Payable 40.08
PSXP's Days Payable is ranked higher than
70% of the 104 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 33.76 vs. PSXP: 40.08 )
Ranked among companies with meaningful Days Payable only.
PSXP' s Days Payable Range Over the Past 10 Years
Min: 9.45  Med: 54.16 Max: 157.33
Current: 40.08
9.45
157.33

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 4.31
PSXP's Dividend Yield % is ranked higher than
57% of the 222 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 3.37 vs. PSXP: 4.31 )
Ranked among companies with meaningful Dividend Yield % only.
PSXP' s Dividend Yield % Range Over the Past 10 Years
Min: 0.32  Med: 2.35 Max: 4.37
Current: 4.31
0.32
4.37
Dividend Payout Ratio 0.88
PSXP's Dividend Payout Ratio is ranked lower than
55% of the 126 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 0.41 vs. PSXP: 0.88 )
Ranked among companies with meaningful Dividend Payout Ratio only.
PSXP' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.39  Med: 0.79 Max: 0.9
Current: 0.88
0.39
0.9
3-Year Dividend Growth Rate 133.60
PSXP's 3-Year Dividend Growth Rate is ranked higher than
96% of the 81 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 11.10 vs. PSXP: 133.60 )
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
PSXP' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 0  Med: 0 Max: 133.6
Current: 133.6
0
133.6
Forward Dividend Yield % 4.64
PSXP's Forward Dividend Yield % is ranked higher than
58% of the 223 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 3.90 vs. PSXP: 4.64 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 4.31
PSXP's 5-Year Yield-on-Cost % is ranked lower than
66% of the 222 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 5.63 vs. PSXP: 4.31 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
PSXP' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 0.32  Med: 2.35 Max: 4.37
Current: 4.31
0.32
4.37
3-Year Average Share Buyback Ratio -14.30
PSXP's 3-Year Average Share Buyback Ratio is ranked lower than
84% of the 70 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: -1.90 vs. PSXP: -14.30 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
PSXP' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -14.3  Med: 0 Max: 0
Current: -14.3
-14.3
0

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 3.78
PSXP's Price-to-Tangible-Book is ranked lower than
79% of the 146 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 1.68 vs. PSXP: 3.78 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
PSXP' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 3.09  Med: 11.51 Max: 84.37
Current: 3.78
3.09
84.37
Price-to-Median-PS-Value 0.71
PSXP's Price-to-Median-PS-Value is ranked higher than
89% of the 140 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 1.36 vs. PSXP: 0.71 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
PSXP' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.6  Med: 1.15 Max: 3.44
Current: 0.71
0.6
3.44
Price-to-Graham-Number 1.90
PSXP's Price-to-Graham-Number is ranked lower than
74% of the 109 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 1.03 vs. PSXP: 1.90 )
Ranked among companies with meaningful Price-to-Graham-Number only.
PSXP' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.9  Med: 3.92 Max: 13.31
Current: 1.9
1.9
13.31
Earnings Yield (Greenblatt) % 6.50
PSXP's Earnings Yield (Greenblatt) % is ranked lower than
62% of the 217 Companies
in the Global Oil & Gas Refining & Marketing industry.

( Industry Median: 7.44 vs. PSXP: 6.50 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
PSXP' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 1.9  Med: 5.2 Max: 8.5
Current: 6.5
1.9
8.5

More Statistics

Revenue (TTM) (Mil) $980.8
EPS (TTM) $ 2.36
Beta1.41
Short Percentage of Float4.87%
52-Week Range $42.47 - 58.00
Shares Outstanding (Mil)107.93

Analyst Estimate

Dec17 Dec18
Revenue (Mil $) 976 1,572
EPS ($) 4.71 6.26
EPS without NRI ($) 4.71 6.26
EPS Growth Rate
(Future 3Y To 5Y Estimate)
22.35%
Dividends per Share ($) 2.55 3.03
» 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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