Phillips 66 completes $2.2B EPIC NGL acquisition; expands pipeline capacity

Phillips 66

Completed $2.2B cash acquisition of EPIC NGL, including 170 MBD fractionators, 350-mile purity lines, and 885-mile NGL pipeline.
NGL pipeline expansion to 225 MBD expected Q2 2025; further expansion to 350 MBD targeted for Q4 2026.
Assets connect Permian production to Gulf Coast markets and are integrated with Phillips 66's Sweeny Hub.
Also increased accounts receivable securitization facility from $500M to $1B via amendment on same date.

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