{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-167467","form_type":"8-K","ticker":"PSX","cik":"0001534701","company_name":"Phillips 66","filed_at":"2023-06-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.308289+00:00","generated_at":"2026-06-14T00:08:31.522839+00:00","sec_items":["8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Phillips 66 completes $3.8B acquisition of DCP Midstream common units; interest increases to 86.8%","bullets":["Phillips 66 paid $41.75 per public common unit in cash, total consideration ~$3.8B.","Economic interest in DCP Midstream increases from 43.3% to 86.8% post-merger.","DCP Midstream common units ceased trading on NYSE effective June 15, 2023.","Acquisition funded with cash on hand, March 2023 debt issuance, and $1.25B delayed draw term loan maturing June 2026.","Sponsor-owned units (DCP Midstream, LLC and DCP GP) unaffected; remained outstanding."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-167467","json":"https://secwatch.observer/filing/0001193125-23-167467.json","markdown":"https://secwatch.observer/filing/0001193125-23-167467.md","text":"https://secwatch.observer/filing/0001193125-23-167467.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1534701/000119312523167467/0001193125-23-167467-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1534701/000119312523167467/d502095d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T00:08:31.522839+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}