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Phillips 66 Partners

DB:W66A
Snowflake Description

Proven track record with adequate balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
W66A
DB
$9B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Phillips 66 Partners LP owns, operates, develops, and acquires midstream assets. The last earnings update was 47 days ago. More info.


Add to Portfolio Compare Print
  • Phillips 66 Partners is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Phillips 66 Partners has significant price volatility in the past 3 months.
W66A Share Price and Events
7 Day Returns
16.4%
DB:W66A
6.5%
DE Oil and Gas
2.1%
DE Market
1 Year Returns
-22.7%
DB:W66A
28.1%
DE Oil and Gas
-16.6%
DE Market
W66A Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Phillips 66 Partners (W66A) 16.4% 2% -38.5% -22.7% -28.4% -47.4%
DE Oil and Gas 6.5% -7.3% -23.7% 28.1% -18.9% 149.7%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • W66A underperformed the Oil and Gas industry which returned 28.1% over the past year.
  • W66A underperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
W66A
Industry
5yr Volatility vs Market

Value

 Is Phillips 66 Partners undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Phillips 66 Partners to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Phillips 66 Partners.

DB:W66A Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in USD $ 3.7267154285714
Payout Ratio Company Filings (2019-12-31) 7952.4%
Discount Rate (Cost of Equity) See below 6%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:W66A
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.948 (1 + (1- 21%) (40.35%))
1.167
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.17
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.167 * 5.44%)
5.96%

Discounted Cash Flow Calculation for DB:W66A using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Phillips 66 Partners is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

DB:W66A Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= $3.73 / (5.96% - -0.39%)
$49.09
DB:W66A Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:W66A represents 0.91462x of NYSE:PSXP
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.91462x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 58.68 x 0.91462
€53.67
Value per share (EUR) From above. €53.67
Current discount Discount to share price of €35.35
= -1 x (€35.35 - €53.67) / €53.67
34.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Phillips 66 Partners is available for.
Intrinsic value
34%
Share price is €35.35 vs Future cash flow value of €53.67
Current Discount Checks
For Phillips 66 Partners to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Phillips 66 Partners's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Phillips 66 Partners's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Phillips 66 Partners's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Phillips 66 Partners's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:W66A PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $4.45
NYSE:PSXP Share Price ** NYSE (2020-04-07) in USD $38.65
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.51x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Phillips 66 Partners.

DB:W66A PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:PSXP Share Price ÷ EPS (both in USD)

= 38.65 ÷ 4.45

8.69x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Phillips 66 Partners is overvalued based on earnings compared to the Europe Oil and Gas industry average.
  • Phillips 66 Partners is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Phillips 66 Partners's expected growth come at a high price?
Raw Data
DB:W66A PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.69x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
8.1%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.32x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

DB:W66A PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.69x ÷ 8.1%

1.07x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Phillips 66 Partners is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Phillips 66 Partners's assets?
Raw Data
DB:W66A PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $9.15
NYSE:PSXP Share Price * NYSE (2020-04-07) in USD $38.65
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:W66A PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:PSXP Share Price ÷ Book Value per Share (both in USD)

= 38.65 ÷ 9.15

4.23x

* Primary Listing of Phillips 66 Partners.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Phillips 66 Partners is overvalued based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Phillips 66 Partners's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Phillips 66 Partners has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Phillips 66 Partners expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Phillips 66 Partners expected to grow at an attractive rate?
  • Phillips 66 Partners's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Phillips 66 Partners's earnings growth is positive but not above the Germany market average.
  • Phillips 66 Partners's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:W66A Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:W66A Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 8.1%
DB:W66A Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 12.7%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.1%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:W66A Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:W66A Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 2,091 1,085 1
2023-12-31 2,062 1,071 1
2022-12-31 1,957 1,606 1,065 4
2021-12-31 1,834 1,310 979 7
2020-12-31 1,709 1,163 921 7
2020-04-08
DB:W66A Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 1,126 1,016 746
2019-09-30 1,106 997 644
2019-06-30 1,101 976 560
2019-03-31 1,092 926 528
2018-12-31 1,045 892 519
2018-09-30 1,031 890 480
2018-06-30 999 830 392
2018-03-31 972 740 337
2017-12-31 934 724 292
2017-09-30 882 607 256
2017-06-30 837 540 257
2017-03-31 799 536 238

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Phillips 66 Partners's earnings are expected to grow by 8.1% yearly, however this is not considered high growth (20% yearly).
  • Phillips 66 Partners's revenue is expected to grow by 12.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:W66A Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Phillips 66 Partners Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:W66A Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 4.78 4.93 4.62 2.00
2023-12-31 4.59 4.62 4.56 2.00
2022-12-31 4.41 4.50 4.28 3.00
2021-12-31 4.16 4.63 3.73 7.00
2020-12-31 3.92 4.26 3.32 7.00
2020-04-08
DB:W66A Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 4.45
2019-09-30 4.55
2019-06-30 4.51
2019-03-31 4.28
2018-12-31 4.23
2018-09-30 3.93
2018-06-30 3.30
2018-03-31 2.92
2017-12-31 2.61
2017-09-30 2.36
2017-06-30 2.42
2017-03-31 2.35

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Phillips 66 Partners is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess Phillips 66 Partners's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Phillips 66 Partners has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Phillips 66 Partners performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Phillips 66 Partners's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Phillips 66 Partners has delivered over 20% year on year earnings growth in the past 5 years.
  • Phillips 66 Partners's 1-year earnings growth exceeds its 5-year average (43.7% vs 37.3%)
  • Phillips 66 Partners's earnings growth has exceeded the Europe Oil and Gas industry average in the past year (43.7% vs -0.6%).
Earnings and Revenue History
Phillips 66 Partners's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Phillips 66 Partners Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:W66A Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 1,126.00 746.00 67.00
2019-09-30 1,106.00 644.00 67.00
2019-06-30 1,101.00 560.00 67.00
2019-03-31 1,092.00 528.00 66.00
2018-12-31 1,045.00 519.00 64.00
2018-09-30 1,031.00 480.00 65.00
2018-06-30 999.00 392.00 66.00
2018-03-31 972.00 337.00 68.00
2017-12-31 934.00 292.00 69.00
2017-09-30 882.00 256.00 67.00
2017-06-30 837.00 257.00 67.00
2017-03-31 799.00 238.00 65.00
2016-12-31 759.00 209.00 65.00
2016-09-30 961.30 190.20 90.70
2016-06-30 845.10 174.00 81.10
2016-03-31 723.30 160.00 72.60
2015-12-31 612.00 153.00 63.00
2015-09-30 271.50 135.20 26.10
2015-06-30 255.20 121.80 24.20
2015-03-31 244.90 119.20 22.90
2014-12-31 555.00 108.00 57.00
2014-09-30 213.20 91.90 26.30
2014-06-30 208.10 76.20 24.70
2014-03-31 196.50 45.80 22.60
2013-12-31 187.00 28.30 18.40
2013-09-30 160.10 23.30 13.60
2013-06-30 131.00 23.50 12.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst Phillips 66 Partners has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • Phillips 66 Partners used its assets more efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Phillips 66 Partners's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Phillips 66 Partners's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Phillips 66 Partners has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Phillips 66 Partners's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Phillips 66 Partners's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Phillips 66 Partners is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Phillips 66 Partners's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Phillips 66 Partners's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Phillips 66 Partners Company Filings, last reported 3 months ago.

DB:W66A Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 2,834.00 3,516.00 286.00
2019-09-30 2,754.00 3,815.00 655.00
2019-06-30 2,616.00 3,324.00 130.00
2019-03-31 2,554.00 3,188.00 2.00
2018-12-31 2,509.00 3,048.00 1.00
2018-09-30 2,443.00 2,922.00 100.00
2018-06-30 2,333.00 2,946.00 151.00
2018-03-31 2,234.00 2,946.00 167.00
2017-12-31 2,161.00 2,945.00 185.00
2017-09-30 1,775.00 2,290.00 2.00
2017-06-30 1,771.00 2,252.00 1.00
2017-03-31 1,628.00 2,359.00 1.00
2016-12-31 1,566.00 2,411.00 2.00
2016-09-30 1,658.40 1,141.40 19.00
2016-06-30 1,342.80 1,343.10 35.70
2016-03-31 1,314.10 1,302.90 20.10
2015-12-31 1,444.00 2,055.00 50.00
2015-09-30 336.10 1,099.70 72.90
2015-06-30 324.40 1,099.70 104.30
2015-03-31 318.60 1,099.70 137.60
2014-12-31 72.20 429.60 8.30
2014-09-30 173.00 160.00 43.00
2014-06-30 166.60 160.00 34.50
2014-03-31 154.80 160.00 21.10
2013-12-31 744.00 0.00 425.10
2013-09-30 568.10 0.00 421.60
2013-06-30 140.90 0.00
  • Phillips 66 Partners's level of debt (124.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (583.2% vs 124.1% today).
  • Debt is well covered by operating cash flow (28.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.7x coverage).
X
Financial health checks
We assess Phillips 66 Partners's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Phillips 66 Partners has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Phillips 66 Partners's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
9.06%
Current annual income from Phillips 66 Partners dividends. Estimated to be 9.64% next year.
If you bought €2,000 of Phillips 66 Partners shares you are expected to receive €181 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Phillips 66 Partners's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.67%).
  • Phillips 66 Partners's dividend is above the markets top 25% of dividend payers in Germany (4.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:W66A Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 8.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:W66A Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31 4.06 3.00
2023-12-31 3.90 3.00
2022-12-31 3.78 6.00
2021-12-31 3.71 12.00
2020-12-31 3.58 11.00
2020-04-08
DB:W66A Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-01-21 3.500 7.654
2019-10-16 3.460 5.988
2019-07-17 3.420 6.288
2019-04-17 3.380 6.792
2019-01-22 3.340 6.543
2018-10-17 3.168 6.689
2018-07-18 3.008 5.728
2018-04-18 2.856 5.603
2018-01-17 2.712 5.388
2017-10-18 2.584 5.185
2017-07-19 2.460 4.994
2017-04-19 2.344 4.674
2017-01-18 2.232 4.170
2016-10-19 2.124 4.570
2016-07-20 2.020 4.107
2016-04-20 1.924 3.512
2016-01-21 1.832 3.091
2015-10-21 1.712 2.985
2015-07-22 1.600 2.851
2015-04-22 1.480 2.103
2015-01-21 1.360 1.872
2014-10-22 1.267 1.942
2014-07-23 1.207 1.781
2014-04-23 1.097 1.710
2014-01-22 0.899 1.972
2013-10-23 0.850 2.475

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Phillips 66 Partners has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Phillips 66 Partners only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of Phillips 66 Partners's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess Phillips 66 Partners's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Phillips 66 Partners afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Phillips 66 Partners has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Phillips 66 Partners's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Greg Garland
COMPENSATION $0
AGE 62
TENURE AS CEO 7.1 years
CEO Bio

Mr. Greg C. Garland has been the Chairman and Chief Executive Officer of Phillips 66 Partners GP LLC, the General Partner at Phillips 66 Partners LP since March 2013. Mr. Garland has been the Chairman of the Board and Chief Executive Officer of Phillips 66 since April 30, 2012 and served as its President since April 2012 until June 2014. He serves as Chairman and Chief Executive Officer Phillips 66 Pipeline LLC. He serves as a Vice President at American Fuel & Petrochemical Manufacturers. A Chemical Engineer, he has more than 30 years of industry experience in technical and executive leadership positions within the oil and natural gas and chemicals industries. He served as President of Phillips 66 from April 30, 2012 to June 2014. He served as a Senior Vice President of Exploration & Production - Americas at ConocoPhillips from October 6, 2010 to April 2012. Prior to joining ConocoPhillips in 2010, he served as the Chief Executive Officer and President of Chevron Phillips Chemical Co. LLC from April 1, 2008 to February 8, 2011. He served the Chief Executive Officer and President of Americas Styrenics LLC. Mr. Garland served as Senior Vice President, Planning and Specialty Chemicals from 2000 to 2008 at Chevron Phillips Chemical Company. Mr. Garland served as Senior Vice President of Planning & Specialty Products/Chemicals at Chevron Phillips Chemical Co. LLC from October 2001 to April 2008. From July 2000 to October 2001, he served as a Senior Vice President of Planning & Strategic Transactions of Chevron Phillips Chemical Co. LLC. He served as a General Manager of Qatar/Middle East for Chevron Phillips since 1997, General Manager of Natural Gas Liquids from 1995 to 1997 and also served as its Manager of Planning and Development in Planning and Technology. From 1992 to 1994, he served as Manager of the K-Resin® business unit at Chevron Phillips. He began his career with Phillips Petroleum in 1980 as a Project Engineer for the Plastics Technical Center. He later worked as a Sales Engineer for Phillips Petroleum Plastics Resins. He served as Business Service Manager for Advanced Materials, Business Development Director and Olefins Manager for Chemicals at Phillips Petroleum. He has been a Director of Phillips 66 since April 30, 2012 and Amgen Inc. since October 16, 2013. He serves as a Director at DCP Midstream, LLC and Phillips 66 Partners GP LLC. Mr. Garland has extensive experience in the energy industry, including his 35-year career with Phillips Petroleum Company, CPChem and ConocoPhillips. He serves as a Director at American Chemistry Council, Inc. He serves on the board of Junior Achievement of Southeast Texas. He serves on the board of the American Petroleum Institute, National Petroleum Council and The Greater Houston Partnership. He is a Member of the Engineering Advisory Board for Texas A&M University. Mr. Garland has extensive experience in the energy industry. He holds a Bachelor of Science in Chemical Engineering from Texas A&M University in 1980.

CEO Compensation
  • Insufficient data for Greg to compare compensation growth.
  • Insufficient data for Greg to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Phillips 66 Partners management team in years:

4.3
Average Tenure
56
Average Age
  • The tenure for the Phillips 66 Partners management team is about average.
Management Team

Greg Garland

TITLE
Chairman & CEO of Phillips 66 Partners GP LLC
AGE
62
TENURE
7.1 yrs

Kevin Mitchell

TITLE
VP, CFO & Director of Phillips 66 Partners GP LLC
AGE
53
TENURE
4.3 yrs

Rosy Zuklic

TITLE
VP & COO of Phillips 66 Partners GP LLC
COMPENSATION
$1M
AGE
45
TENURE
1.3 yrs

Emeka Oyolu

TITLE
VP & Controller of Phillips 66 Partners GP LLC
AGE
50
TENURE
5.3 yrs

Paula Johnson

TITLE
VP, General Counsel & Secretary of Phillips 66 Partners GP LLC
AGE
56
TENURE
7.1 yrs

Bob Herman

TITLE
VP of Refining & Director of Phillips 66 Partners GP LLC
AGE
60
TENURE
1.3 yrs

Tim Roberts

TITLE
VP of Operations & Director of Phillips 66 Partners GP LLC
AGE
57
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure and age of the Phillips 66 Partners board of directors in years:

4.3
Average Tenure
62
Average Age
  • The tenure for the Phillips 66 Partners board of directors is about average.
Board of Directors

Greg Garland

TITLE
Chairman & CEO of Phillips 66 Partners GP LLC
AGE
62
TENURE
7.1 yrs

Kevin Mitchell

TITLE
VP, CFO & Director of Phillips 66 Partners GP LLC
AGE
53
TENURE
4.3 yrs

Bob Herman

TITLE
VP of Refining & Director of Phillips 66 Partners GP LLC
AGE
60
TENURE
5.8 yrs

Tim Roberts

TITLE
VP of Operations & Director of Phillips 66 Partners GP LLC
AGE
57
TENURE
4 yrs

Joseph O’Toole

TITLE
Independent Director of Phillips 66 Partners GP LLC
COMPENSATION
$182K
AGE
80
TENURE
6.8 yrs

Mark Haney

TITLE
Lead Director of Phillips 66 Partners GP LLC
COMPENSATION
$166K
AGE
64
TENURE
2.3 yrs

David Bairrington

TITLE
Independent Director of Phillips 66 Partners GP LLC
COMPENSATION
$173K
AGE
63
TENURE
3.7 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Phillips 66 Partners individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
13. Mar 20 Buy Phillip Bairrington Individual 12. Mar 20 12. Mar 20 15,000 €29.37 €440,609
03. Jun 19 Buy Kevin Mitchell Individual 30. May 19 30. May 19 7,349 €43.56 €320,091
28. May 19 Buy Kevin Mitchell Individual 24. May 19 24. May 19 2,651 €43.85 €116,238
X
Management checks
We assess Phillips 66 Partners's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Phillips 66 Partners has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Phillips 66 Partners LP owns, operates, develops, and acquires midstream assets. It offers transportation, terminaling, processing, and storage and fractionation of refined petroleum products and natural gas liquids. The company was founded in 2013 and is headquartered in Houston, Texas. Phillips 66 Partners LP is a subsidiary of Phillips 66 Project Development Inc.

Details
Name: Phillips 66 Partners LP
W66A
Exchange: DB
Founded: 2013
$8,159,348,083
228,299,576
Website: http://www.phillips66partners.com
Address: Phillips 66 Partners LP
2331 CityWest Boulevard,
Houston,
Texas, 77042,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE PSXP Common Units New York Stock Exchange US USD 23. Jul 2013
DB W66A Common Units Deutsche Boerse AG DE EUR 23. Jul 2013
Number of employees
Current staff
Staff numbers
0
Phillips 66 Partners employees.
Industry
Oil and Gas Storage and Transportation
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 00:21
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/04/02
Last earnings filing: 2020/02/21
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.