Phillips 66, EPIC NGL and 2bn

Phillips 66 strikes $2.2 billion EPIC NGL deal to boost natural gas liquids bet
U.S. oil refiner Phillips 66 said on Monday it will acquire various pipelines and distribution systems from Ares-backed pipeline operator EPIC NGL in an all-cash deal for $2.2 billion, as it seeks to prop its natural gas liquid bet.
Phillips 66 to acquire EPIC NGL assets for $2.2bn
The EPIC NGL assets include two fractionators, 350 miles of pipelines and an 885-mile natural gas liquids (NGL) pipeline with a capacity of 175,000 barrels per day (bpd).
Phillips 66 expands pipeline capability with $2.2B deal
Houston-based oil refiner Phillips 66 has announced a $2.2 billion acquisition of pipeline assets from EPIC, a Texas-based midstream service provider.
Phillips 66 to buy EPIC NGL for $2.2 billion in bid to boost Permian presence
U.S. oil refiner Phillips 66 said on Monday it would acquire various pipelines and distribution systems from Ares-backed EPIC NGL in an all-cash deal for $2.2 billion, as it seeks to expand its Permian presence.
Phillips set to expand its Texas natural gas liquids business with $2.2B purchase
Phillips 66 said it would buy a Texas network of natural gas liquids pipelines and processing facilities from Epic NGL for $2.2 billion.
Phillips 66 to grow Permian midstream business with EPIC NGL acquisition
Phillips 66 announced a definitive agreement to buy EPIC Y-Grade GP, LLC and EPIC Y-Grade, LP for total cash consideration of $2.2 billion.
Phillips 66 Powers Up With $2.2 Billion Deal For EPIC Y-Grade's NGL Business
Phillips 66 to acquire EPIC NGL business for $2.2 billion in cash. Assets include fractionators, pipelines, and plans for expansion, increasing earnings per share.
Phillips 66 to Buy EPIC NGL for $2.2 Billion in Permian Bet (3)
Phillips 66 agreed to acquire EPIC NGL, an owner of natural gas liquids pipelines, for $2.2 billion in cash as it moves to expand its transport business in the Permian basin in the southwestern US.
Phillips 66 to Strengthen NGL Foothold With $2.2B EPIC NGL Deal
Phillips 66 PSX, a leading U.S.-based refining player, has announced a major acquisition involving the Ares-backed midstream business EPIC NGL. The company has signed an agreement to acquire EPIC Y-Grade GP,
Phillips 66 buying Permian Basin-focused natural gas liquids business for $2.2 billion
Houston-based Phillips 66 (NYSE: PSX) will buy the natural gas liquids business of a Texas-based midstream company for $2.2 billion in cash. The acquired businesses — EPIC Y-Grade GP LLC and EPIC Y-Grade LP — own various subsidiaries and long-haul NGL pipelines,
Phillips 66 stock rises Wednesday, outperforms market
Shares of Phillips 66 PSX inched 0.92% higher to $116.25 Wednesday, on what proved to be an all-around positive trading ...
Phillips 66’s Strategic Acquisition of EPIC NGL: A Buy Recommendation for Growth in Midstream Expansion
Bank of America Securities analyst Jean Ann Salisbury maintained a Buy rating on Phillips 66 (PSX – Research Report) yesterday and set a price ...
Phillips 66 CEO sees refining rebound, advantage for U.S. refiners vs. Europe
Phillips 66 (NYSE:PSX) hopes its $2.2B purchase of natural gas liquids pipeline operator Epic NGL may help convince Wall ...
Phillips 66 stock rises Tuesday, outperforms market
Phillips 66 closed $58.89 short of its 52-week high ($174.08), which the company achieved on April 5th.
Phillips 66 (PSX) Receives a Rating Update from a Top Analyst
Barclays analyst Theresa Chen maintained a Hold rating on Phillips 66 (PSX – Research Report) today and set a price target of $124.00. The ...
Hosted on MSN5d
Wolfe Research Upgrades Phillips 66 (PSX)
Fintel reports that on January 3, 2025, Wolfe Research upgraded their outlook for Phillips 66 (NYSE:PSX) from Peer Perform to Outperform. Analyst Price Forecast Suggests 27.63% Upside As of December ...
The Cool Down on MSN6d
Texas-based oil refinery indicted by grand jury over disturbing allegations: 'They must be held accountable'
The U.S. Department of Justice announced that the company faces six counts of violating the Clean Water Act, including ...
bovnews5d
Phillips 66 (PSX) Stock: More Strategic Than Meets the Eye
Phillips 66 (PSX) stock saw a modest uptick, ending the day at $114.41 which represents a slight increase of $0.48 or 0.42% from the prior close of $113.93. The stock opened at $114.59 and touched a ...