Phillips 66 cash distribution increases
Published by Callum O'Reilly,
Senior Editor
Hydrocarbon Engineering,
Phillips 66 Partners LP has announced that the board of directors of its general partner declared a 3Q17 cash distribution of US$0.646 per common unit.
This represents an increase of 5% over the previous quarterly distribution of US$0.615 per unit and a 22% increase over the corresponding period of last year.
The distribution increase is consistent with previous guidance that the partnership expects a 30% compound annual distribution growth rate from the last quarter of 2013 through 2018.
This is the sixteenth consecutive quarterly distribution increase since Phillips 66 Partners’ initial public offering in 2013.
Read the article online at: https://www.hydrocarbonengineering.com/refining/19102017/phillips-66-cash-distribution-increases/
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