37 unchanged sentences
June 2026 5,010 6,083
−Removed: July to September 2025 4,450 6,450
−Removed: October to December 2025 4,400 6,500
+Added: July 2026 4,781 5,809
+Added: August 2026 4,721 5,732
+Added: September 2026 4,817 5,846
+Added: October 2026 4,603 5,584
+Added: November 2026 4,700 5,703
+Added: December 2026 4,494 5,455
Customer Credit Risk
10 unchanged sentences
Phillips 66 Company ("Phillips")
−Removed: Enterprise Crude Oil LLC ("Enterprise")
−Removed: NGL Crude Partners ("NGL Crude")
+Added: Concord Energy LLC ("Concord") 14% 11%
+Added: LPC Crude III, LLC ("LPC") 13% 11%
Interest Rate Risk
14 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.