The 3 Biggest Challenges Facing Phillips 66 Partners [The Motley Fool]
Phillips 66 Partners LP Common Units representing limited partner interest in the Partnership (PSXP)
Last phillips 66 partners lp common units representing limited partner interest in the partnership earnings: 5/1 07:20 am
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Source: The Motley Fool
After a period of rapid growth, Phillips 66 Partners is shifting gears. That's one of three challenges it faces today. In the roughly five years since Phillips 66 Partners LP ( NYSE:PSXP ) has been publicly traded, its enterprise value has increased dramatically, going from around $2.5 billion to nearly $9.5 billion. But things are changing and the midstream partnership's future growth isn't likely to look like its past growth. Here are three challenges facing high-yielding Phillips 66 Partners as it looks to move into a new stage of its corporate life. Internal versus external Phillips 66 Partners was created by general partner Phillips 66 ( NYSE:PSX ) , a refiner, so the general partner could monetize midstream assets while still retaining control of them. Phillips 66 Partners' first five years were driven by assets sales from Phillips 66 (also called dropdowns in the master limited partnership space). Image source: Getty Images. The results wer
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