Phillips 66 Partners Increases Quarterly Cash Distribution

HOUSTON--(BUSINESS WIRE)--Phillips 66 Partners LP (NYSE: PSXP) announces that the board of directors of its general partner declared a third-quarter 2019 cash distribution of $0.865 per common unit, an increase of one cent per common unit from the second quarter of 2019. This is the twenty-fourth consecutive quarterly distribution increase since Phillips 66 Partners’ initial public offering in 2013 and represents a 9% increase compared to the third-quarter 2018 distribution. The quarterly distribution is payable Nov. 13, 2019, to unitholders of record as of Oct. 31, 2019.