Phillips 66 Makes An Intelligent Acquisition Of EPIC NGL
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Phillips 66 has acquired EPIC NGL for $2 billion, enhancing its midstream portfolio in the Permian Basin. The acquisition is expected to generate $280 million in EBITDA with synergies, doubling its midstream EBITDA over three years. This move provides reliable cash flow and mitigates downstream business volatility. Phillips 66 focuses on low costs, disciplined growth, and expanding its renewable portfolio, with $12.5 billion in shareholder distributions since July 2022.
January 13, 2025 | 2:00 am
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POSITIVE IMPACT
Phillips 66's acquisition of EPIC NGL for $2 billion is a strategic move to enhance its midstream portfolio, expected to generate $280 million in EBITDA with synergies. This acquisition supports reliable cash flow and reduces volatility in its downstream business.
The acquisition of EPIC NGL by Phillips 66 is a significant strategic move that enhances its midstream portfolio, expected to generate substantial EBITDA. This aligns with the company's focus on reliable cash flow and mitigating downstream volatility, likely positively impacting its stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100