Phillips 66 ( (PSX) ) has provided an announcement.
On April 1, 2025, Phillips 66 completed the acquisition of EPIC Y-Grade GP, LLC and EPIC Y-Grade, LP for approximately $2.2 billion, enhancing its position as a leading integrated downstream energy provider. This acquisition, which includes natural gas liquids pipelines and fractionation facilities, strengthens Phillips 66’s ability to deliver energy products efficiently and is expected to create long-term value for shareholders. The expansion of the NGL pipeline capacity is planned to be completed by the fourth quarter of 2026, further integrating Permian production with Gulf Coast markets.
More about Phillips 66
Phillips 66 is a leading integrated downstream energy provider that manufactures, transports, and markets products essential to the global economy. The company’s portfolio encompasses Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels businesses. Headquartered in Houston, Phillips 66 is committed to safely and reliably providing energy while pursuing a lower-carbon future.
YTD Price Performance: 9.36%
Average Trading Volume: 3,552,698
Technical Sentiment Signal: Hold
Current Market Cap: $50.34B
Learn more about PSX stock on TipRanks’ Stock Analysis page.