{"id":67885,"date":"2025-04-02T11:03:22","date_gmt":"2025-04-02T16:03:22","guid":{"rendered":"https:\/\/www.phillips66.com\/?p=67885"},"modified":"2025-04-02T11:03:23","modified_gmt":"2025-04-02T16:03:23","slug":"epic-ngl-acquisition","status":"publish","type":"post","link":"https:\/\/www.phillips66.com\/newsroom\/epic-ngl-acquisition\/","title":{"rendered":"<span class=\"nowrap\">Phillips 66<\/span> completes acquisition of EPIC NGL"},"content":{"rendered":"\n<p>Phillips 66 has successfully closed on its acquisition of EPIC Midstream\u2019s NGL business, marking a significant milestone for the company. Don Baldridge, Phillips 66 Executive Vice President, Midstream &amp; Chemicals, recently shared his thoughts on this transaction and its impact in the <strong>5 Questions with Don Baldrige<\/strong> <strong>video<\/strong>.<\/p>\n\n\n\n<p>\u201cThis transaction strengthens our position as a leading integrated downstream energy provider,\u201d he said. \u201cWe are evolving our portfolio and enhancing our ability to provide seamless and efficient delivery of energy products. Phillips 66 will offer producers comprehensive flow assurance while advancing a strategy that is expected to deliver attractive returns and create long-term value for our shareholders.\u201d<\/p>\n\n\n\n<p>It provides comprehensive market access from Corpus Christi to Mont Belvieu, ensuring reliable flow for producer customers and aligning with Phillips 66\u2019s target of $4.5 billion in adjusted EBITDA by 2027.<\/p>\n\n\n\n<p>With any acquisition, smooth integration is crucial for long-term success. <strong>Baldridge said some of the key priorities he will be watching for include maintaining safe, reliable operations and engaging employees throughout the transition.<\/strong><\/p>\n\n\n\n<p>\u201cFortunately, we have a track record of being able to do this,\u201d Baldridge said. \u201cWith the DCP acquisition several years ago, the Pinnacle acquisition last year, we have built this muscle. We know how to do this, but it does take a lot of focus.\u201d<\/p>\n\n\n\n<p>Phillips 66\u2019s integrated model offers high-value, low-cost services, leveraging its global presence to capture growth opportunities for customers.<\/p>\n\n\n\n<p>To listen to 5 Questions with Don Baldridge, watch the video below.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-embed-handler wp-block-embed-embed-handler\"><div class=\"wp-block-embed__wrapper\">\n<div style=\"position:relative;width:100%;height:0;padding-bottom:56.25%\"><iframe src=\"https:\/\/phillips66.widen.net\/s\/kgpm8kbcbj\/5-questions-with-don-baldridge\" webkitallowfullscreen=\"\" mozallowfullscreen=\"\" allowfullscreen=\"\" frameborder=\"0\" allowtransparency=\"true\" scrolling=\"no\" style=\"position:absolute;top:0;left:0;width:100%;height:100%;\"><\/iframe><\/div>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Phillips 66 has successfully closed on its acquisition of EPIC Midstream\u2019s NGL business, marking a significant milestone for the company. Don Baldridge, Phillips 66 Executive Vice President, Midstream &amp; Chemicals, recently shared his thoughts on this transaction and its impact in the 5 Questions with Don Baldrige video. \u201cThis transaction strengthens our position as a [&hellip;]<\/p>\n","protected":false},"author":130,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","widen_thumbnail_url":"https:\/\/phillips66.widen.net\/content\/mlbnygzqsu\/jpeg\/25-0001_5_Don%205Q_dotcombanner.jpeg?position=c&color=ffffffff&quality=100&u=u6q5cu","widen_thumbnail_width":"undefined","widen_thumbnail_height":"undefined","psx_hero_image_url":"","psx_hero_image_width":"","psx_hero_image_height":"","psx_hero_image_mobile_url":"","psx_hero_image_mobile_width":"","psx_hero_image_mobile_height":"","psx_byline":"Allison Stowe"},"categories":[7],"class_list":["post-67885","post","type-post","status-publish","format-standard","hentry","category-midstream"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.9 (Yoast SEO v23.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Phillips 66 completes acquisition of EPIC NGL<\/title>\n<meta name=\"description\" content=\"Phillips 66 completes EPIC NGL acquisition, enhancing portfolio and delivery of energy products. Discover more insights with Don Baldridge&#039;s video.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.phillips66.com\/newsroom\/epic-ngl-acquisition\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Phillips 66 completes acquisition of EPIC NGL\" \/>\n<meta property=\"og:description\" content=\"Phillips 66 completes EPIC NGL acquisition, enhancing portfolio and delivery of energy products. 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