Phillips 66 Partners (PSXP) will raise its quarterly distribution to $0.586 per unit.
The first-quarter distribution is payable May 12, 2017, to unitholders of record as of May 1, 2017.
Phillips 66 Partners is a growth-oriented master limited partnership formed by Phillips 66 (PSX) to own, operate, develop and acquire primarily fee-based crude oil, refined petroleum product and natural gas liquids pipelines and terminals and other transportation and midstream assets.