Phillips 66 Partners LP, founded in 2013 and headquartered in Houston, Texas, operates as a master limited partnership focused on providing essential midstream services. The company primarily engages in the transportation, storage, and processing of liquid hydrocarbons, leveraging its extensive network of pipelines, terminals, and fractionation facilities to support the energy sector.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| PSXP 3.15% 2029-12-15 USDPhillips 66 Partners LP | United States | 2029-12-15 | 3.150 | 4.98 |
| PSXP 3.55% 2026-10-01 USDPhillips 66 Partners LP | United States | 2026-10-01 | 3.550 | 4.68 |
| PSXP 3.61% 2025-02-15 USDPhillips 66 Partners LP | United States | 2025-02-15 | 3.605 | 5.26 |
| PSXP 3.75% 2028-03-01 USDPhillips 66 Partners LP | United States | 2028-03-01 | 3.750 | 4.95 |
| PSXP 4.68% 2045-02-15 USDPhillips 66 Partners LP | United States | 2045-02-15 | 4.680 | 6.82 |
| PSXP 4.90% 2046-10-01 USDPhillips 66 Partners LP | United States | 2046-10-01 | 4.900 | 6.89 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Phillips 66 Partners LP made its debut in the bond market in 2013, issuing $600 million in senior notes to fund growth initiatives. Notable issuances include a $1.25 billion offering in 2016, which was aimed at financing acquisitions and optimizing capital structure. The current yield on its bonds generally hovers around 5%, competitive within the midstream sector. Investors should also note the strategic move in 2021 to introduce green bonds as part of their sustainability commitment, showcasing the company’s adaptability to evolving market trends.