Phillips 66 said it will add a gas processing plant in the Permian Basin while continuing to strengthen its NGL system.

“The acquisition of EPIC NGL earlier this month, and today’s announcement that we are constructing a new gas plant in the Permian, furthers our integrated NGL [natural gas liquids] wellhead-to ...

Phillips 66 (NYSE: PSX) reported Q1 FY25 results, with revenue of $31.73B beating estimates. Segments showed mixed ...

A notable move in this direction was the acquisition of EPIC NGL, announced on January 6, 2025. This acquisition underscores Phillips 66's commitment to strengthening its position in the natural gas ...

Earnings Call Transcript April 25, 2025 Phillips 66 misses on earnings expectations. Reported EPS is $-0.9 EPS, expectations ...

We acquired EPIC NGL on April 1st, which is immediately accretive and expands our takeaway capacity from the Permian. The acquired assets are highly integrated with the existing Phillips 66 asset ...

with projections reaching $4.0 billion post-EPIC NGL acquisition and $4.5 billion by 2027. This growth trajectory underscores the company’s strategic shift toward midstream operations.

A notable move in this direction was the acquisition of EPIC NGL, announced on January 6, 2025. This acquisition underscores Phillips 66's commitment to strengthening its position in the natural ...

7. Incremental Adjusted Cash Return on Capital Invested since 2021 calculated as $1.9 B of incremental Adjusted EBITDA from 2021 to Projected Post-EPIC NGL in 2024 divided by $10.6 B of capital ...