PSXP is a mid-cap MLP with integrated oil and refined product assets supporting a refining sponsor.
Phillips 66 Partners reported second-quarter results that fell roughly in line with our expectations, with revenue of $234 million slightly below our expectation of $239 million and EBITDA of $154 million slightly above our expectation of $148 million. Our fair value estimate is unchanged.Key for the increased profits were growing volumes through the Sand Hills and Southern Hills natural gas liquids pipelines, in which Phillips owns a minority equity stake. Sand Hills in particular could be a c...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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