On the Record · Phillips 66 Partners

Phillips 66 Partners acquisitions, on the record

The businesses Phillips 66 Partners bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

Business	Deal	When	Value
Liberty Pipeline joint venture (50% interest) Word for word“In February 2020, we entered into a Purchase and Sale Agreement with Phillips 66 PDI to acquire its 50% interest in the Liberty Pipeline joint venture for approximately $75 million.” 10-K for 2019	agreed acquisition	February 2020	approximately $75 million
Gray Oak Pipeline Project (Holdings LLC, 100% interest) Word for word“The April 2018 Gray Oak Pipeline Project Acquisition, where we entered into a Purchase and Sale Agreement with Phillips 66 PDI to acquire its 100% interest in Holdings LLC, which, at that time, owned a 100% interest in Gray Oak Pipeline, LLC.” 10-K for 2019	acquisition	April 2018	—
Bakken Pipeline/Merey Sweeny (25% interest in the Bakken Pipeline and 100% interest in Merey Sweeny) Word for word“The October 2017 Bakken Pipeline/Merey Sweeny Acquisition, consisting of a 25% interest in the Bakken Pipeline and a 100% interest in Merey Sweeny.” 10-K for 2019	acquisition	October 2017	—
50% interest in the Liberty Pipeline joint venture (from Phillips 66 PDI) Word for word“In February 2020, we entered into a Purchase and Sale Agreement with Phillips 66 PDI to acquire its 50% interest in the Liberty Pipeline joint venture for $75 million.” 10-K for 2020	agreed acquisition	February 2020	$75 million
Gray Oak Holdings LLC (from Phillips 66 PDI) Word for word“In April 2018, we entered into a Purchase and Sale Agreement with Phillips 66 PDI to acquire its 100 % interest in Gray Oak Holdings LLC (Holdings LLC), a limited liability company that, at that time, owned a 100 % interest in Gray Oak Pipeline, LLC.” 10-K for 2020	agreed acquisition	In April 2018	—
25% interest in the South Texas Gateway Terminal Word for word“In April 2018, we acquired a 25 % interest in the South Texas Gateway Terminal under construction by a co-venturer, which connects to the Gray Oak Pipeline in Corpus Christi.” 10-K for 2020	acquisition	April 2018	—
35% interest in the consolidated holding company that owns Gray Oak Pipeline, LLC (sold to a co-venturer) Word for word“The Gray Oak Pipeline commenced full operations in the second quarter of 2020 and the restrictions placed on the co-venturer were lifted on June 30, 2020, resulting in the recognition of the sale under GAAP.” 10-K for 2020	divestiture	June 30, 2020	—

As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year ended	Goodwill from acquisitions
2016-12-31	$3 million
2017-12-31	$0
2018-12-31	$0
2019-12-31	$0
2020-12-31	$0
2021-12-31	$0

Deal filings since 2016

2022-03-09 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2021-10-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-04-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-02-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-09-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-08-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-07-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-03-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-02-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-10-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-10-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-10-10 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2017-09-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-10-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-10-17 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2016-10-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-10-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-08-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-06-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-05-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-05-10 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2016-05-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-03-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-02-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement

Read from Phillips 66 Partners’s annual reports (10-K for 2021, 10-K for 2020, 10-K for 2019) and the financial data it files with the SEC, as of 2022-02-18. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.