EPIC Y-Grade Agrees to Sell Business for $2.20 Billion to Phillips 66
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EPIC Y-Grade has agreed to sell its natural gas liquids business to Phillips 66 for $2.20 billion. The deal includes pipelines and fractionation facilities serving the Permian and Eagle Ford basins.
January 07, 2025 | 12:15 pm
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Phillips 66 is acquiring EPIC Y-Grade's NGL business for $2.20 billion, enhancing its infrastructure in the Permian and Eagle Ford basins.
The acquisition of EPIC Y-Grade's NGL business by Phillips 66 is a significant strategic move, likely to enhance Phillips 66's infrastructure and market position in the Permian and Eagle Ford basins. This could lead to positive investor sentiment and a potential short-term increase in stock price.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90