Phillips 66 Partners LP announced that the board of directors of its general partner declared a fourth-quarter 2019 cash distribution of $0.875 per common unit, an increase of one cent per common unit from the third quarter of 2019. This is the twenty-fifth consecutive quarterly distribution increase since Phillips 66 Partner’s initial public offering in 2013 and represents a 5% increase compared to the fourth-quarter 2018 distribution. The quarterly distribution is payable February 13, 2020, to unitholders of record as of January 31, 2020.