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EPIC NGL, Phillips 66

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.

Seeking Alpha on MSN · 3d

Phillips 66 to buy EPIC NGL in $2.2B deal to expand Permian presence

Phillips 66 to expand Permian Basin midstream business with $2.2B acquisition of EPIC NGL, boosting pipeline capacity and connecting production to Gulf Coast refiners.

news.bloomberglaw · 2d

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.

Houston Chronicle on MSN · 2d

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.

Zacks.com on MSN · 2d

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,

2don MSN

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 ...

GlobalData on MSN2d

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 ...

1don MSN

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 ...

Journal Record1d

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 ...

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 ...

Business Wire3d

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 ...

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 MSN6d

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 ...

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