Phillips 66 Partners LP announced that the board of directors of its general partner declared a fourth-quarter 2015 cash distribution of $0.458 per common unit. This quarter's distribution represents an increase of 7% over the previous quarterly distribution of $0.428 per unit and a 35% increase over fourth-quarter 2014. The fourth-quarter distribution is payable Feb.

12, 2016, to unitholders of record as of Feb. 3, 2016.