{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-070544","form_type":"8-K","ticker":"PSX","cik":"0001534701","company_name":"Phillips 66","filed_at":"2025-04-01T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.668499+00:00","generated_at":"2026-05-24T00:44:24.483174+00:00","sec_items":["1.01","2.03","7.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Phillips 66 completes $2.2B EPIC NGL acquisition; expands pipeline capacity","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-070544","json":"https://secwatch.observer/filing/0001193125-25-070544.json","markdown":"https://secwatch.observer/filing/0001193125-25-070544.md","text":"https://secwatch.observer/filing/0001193125-25-070544.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1534701/000119312525070544/0001193125-25-070544-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1534701/000119312525070544/d885786d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T00:44:24.483174+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"}