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EX-99.1 - EXHIBIT 99.1 - PHILLIPS 66 PARTNERS LPpsxp2017q1cashreleaseex991.htm




UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


FORM 8-K
 
CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


Date of Report (date of earliest event reported): April 19, 2017

Phillips 66 Partners LP
(Exact name of registrant as specified in its charter)
 

Delaware
 
001-36011
 
38-3899432
(State or other jurisdiction
of incorporation)
 
(Commission
File Number)
 
(I.R.S. Employer
Identification No.)
 

2331 CityWest Blvd., Houston, Texas 77042
(Address of principal executive offices) (zip code)

(855) 283-9237
(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
 
 [    ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
 
 [    ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
 
 [    ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
 
 [    ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging growth company o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o





Item 2.02 Results of Operations and Financial Condition.

On April 19, 2017, the Board of Directors of our General Partner declared a quarterly cash distribution of $0.586 per common unit which, when combined with distributions to our General Partner, will result in total distributions of $95 million attributable to the first quarter of 2017. This distribution is payable May 12, 2017, to unitholders of record as of May 1, 2017. A copy of the press release announcing the declaration of our quarterly cash distribution is furnished as Exhibit 99.1 hereto and incorporated herein by reference.

Item 8.01 Other Events.

The description in Item 2.02 above of the declaration of our quarterly cash distribution is incorporated in this Item 8.01 by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

99.1 — Press release issued by Phillips 66 Partners LP on April 19, 2017, announcing the declaration of its quarterly cash distribution.





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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 


 
PHILLIPS 66 PARTNERS LP
 
 
 
By: Phillips 66 Partners GP LLC, its general partner
 
 
 
/s/ Chukwuemeka A. Oyolu
 
Chukwuemeka A. Oyolu
Vice President and Controller

 
 
April 19, 2017
 




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EXHIBIT INDEX


Exhibit
 
No.
Description
 
 
99.1
Press release issued by Phillips 66 Partners LP on April 19, 2017, announcing the declaration of its quarterly cash distribution.
 
 
 
 


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