Phillips 66 Deal Increases Supply, Improves Refining Ability -- Market Talk

Dow Jones

2025/01/08

1316 ET - Phillips 66's deal to buy EPIC, the natural gas liquids pipeline owner, for $2.2 billion will expand and diversify the oil refiner's supplies in the Permian Basin, a large oil region located in western Texas and southeastern New Mexico, UBS analysts say in a research note. The purchase will also increase Phillips' access to fractionation and purification facilities located along the Gulf Coast. And Phillips expects the buy to be immediately accretive, generating $280 million in Ebitda. The analysts also say they don't expect a material uptick in leverage as Phillips 66 will have the incremental cash coming in the door to pay for the transaction. (connor.hart@wsj.com)

(END) Dow Jones Newswires

January 07, 2025 13:16 ET (18:16 GMT)

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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","BK4138":"石油与天然气的炼制和营销","BK4585":"ETF&股票定投概念","PSX":"Phillips 66","ABIL":"Ability Inc","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0300736492.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) INC"},"translate_title":"Phillips 66交易增加供应，提高炼油能力——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PSX":1,"ABIL":1},"content_text":"1316 ET - Phillips 66's deal to buy EPIC, the natural gas liquids pipeline owner, for $2.2 billion will expand and diversify the oil refiner's supplies in the Permian Basin, a large oil region located in western Texas and southeastern New Mexico, UBS analysts say in a research note. The purchase will also increase Phillips' access to fractionation and purification facilities located along the Gulf Coast. And Phillips expects the buy to be immediately accretive, generating $280 million in Ebitda. The analysts also say they don't expect a material uptick in leverage as Phillips 66 will have the incremental cash coming in the door to pay for the transaction. (connor.hart@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  January 07, 2025 13:16 ET (18:16 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}