Phillips 66 to Strengthen NGL Foothold With $2.2B EPIC NGL Deal
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Phillips 66 is acquiring EPIC NGL for $2.2 billion, which is expected to enhance its position in the natural gas liquids market and be immediately accretive to its earnings per share.
January 07, 2025 | 8:30 pm
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Phillips 66 is acquiring EPIC NGL for $2.2 billion, which is expected to enhance its position in the natural gas liquids market and be immediately accretive to its earnings per share.
The acquisition of EPIC NGL by Phillips 66 for $2.2 billion is a strategic move to strengthen its foothold in the NGL market. The deal is expected to be immediately accretive to earnings per share, indicating a positive impact on the company's financial performance. This suggests a likely positive short-term impact on PSX stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100