Phillips 66 Divests Non-Core Natural Gas Assets in Texas Deal

Sep 4, 2024 · PSX offloads non-core natural gas assets in East Texas to Voyager Midstream, advancing its plan to generate $3 billion by 2024 through asset sales.

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Phillips 66 Divests Non-Core Natural Gas Assets In Texas Deal

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Sep 4, 2024 · PSX offloads non-core natural gas assets in East Texas to Voyager Midstream, advancing its plan to generate $3 billion by 2024 through asset sales.

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Phillips 66 Divests Non-Core Natural Gas Assets In Texas Deal

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Sep 4, 2024 · The sale aligns with Phillips 66’s previously announced plan to divest $3 billion in non-core assets in January 2024. The proceeds from these sales are intended to support the …

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Phillips 66 Sells Non-core East Texas Natural Gas Assets - Reuters

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Phillips 66 said last year that it planned to monetize $3B in non-core assets in 2024 as part of an effort to increase returns by cutting costs and assets. More on Phillips 66 Phillips 66 Q2 2024 ...

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Phillips 66 Sells East Texas Natural Gas Assets To Voyager …

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Sep 4, 2024 · Phillips 66's strategic divestment of non-core assets, including the recent sale of its East Texas natural gas operations, is part of a $3 billion asset monetization strategy aimed at …

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Phillips 66 Sheds Non-core Natgas Assets In Texas

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Sep 4, 2024 · The company said last year it would monetize $3 B in non-core assets in 2024 as part of a plan to boost returns by cutting costs and assets. Haynesville, located primarily in …

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Phillips 66 Sheds Non-core Natgas Assets In Texas

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Sep 4, 2024 · The company said last year it would monetize $3 billion in non-core assets in 2024 as part of a plan to boost returns by cutting costs and assets. Haynesville, located primarily in …

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U.S. Refiner Phillips 66 Discussing Asset Sale - OilPrice.com

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Jan 4, 2024 · 4 days Tamboran Resources Pitches $5 Billion Natural Gas-Powered Data ... U.S. Refiner Phillips 66 Discussing Asset Sale ... Phillips 66 selected $3 billion in non-core assets …

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Phillips 66 Divests Non-Core Natural Gas Assets In Texas Deal

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Sep 4, 2024 · PSX offloads non-core natural gas assets in East Texas to Voyager Midstream, advancing its plan to generate $3 billion by 2024 through asset sales. Phillips 66 Divests Non …

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Phillips 66 Sells Pipeline Stake & Exceeds Asset Sale Target

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Dec 18, 2024 · Leader in energy solutions, Phillips 66 said Monday it would sell its 25% stake in the Gulf Coast Express Pipeline in Texas to an affiliate of ArcLight Capital Partners for $865 …

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Phillips 66 Sells Stake In Texas Pipeline To $865 Million

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Dec 16, 2024 · Phillips 66, despite a decline in refinery profits, has chosen to maintain stable payouts for investors by reducing costs and setting a target of $3 billion via non-core assets …

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Phillips 66 Reports Fourth-Quarter Results And Announces Next …

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Jan 31, 2025 · Fourth Quarter Reported fourth-quarter earnings of $8 million or $0.01 per share; adjusted loss of $61 million or $0.15 per share Earnings impacted by $230 million pre-tax of …

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Phillips 66 Reports Fourth-Quarter Results And Announces

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Jan 31, 2025 · Phillips 66 Reports Fourth-Quarter Results and Announces Next Phase of Strategic Initiatives Fourth Quarter Reported fourth-quarter earnings of $8 million or $0.01 per …

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ArcLight Completes Buy Of Phillips 66 Stake In Gulf Coast

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3 days ago · ArcLight completed the acquisition of Phillips 66's 25 percent non-operating stake in the Gulf Coast Express Pipeline for $865 million. ArcLight Capital Partners LLC said Monday it …

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FAQs about Phillips 66 Divests Non-Core Natural Gas Assets in Texas Deal Coupon?

Why did Phillips 66 sell its natural gas assets to Voyager midstream?

Phillips 66, (PSX), a leading energy company, has sold its natural gas gathering and processing assets in East Texas to Voyager Midstream Holdings, a portfolio company of Pearl Energy Investments, per a Reuters report. This move is part of Phillips 66’s ongoing strategy to monetize non-core assets and enhance returns. ...

Who owns Phillips 66?

REUTERS/Jonathan Bachman/File Photo Purchase Licensing Rights Sept 3 (Reuters) - U.S. oil refiner Phillips 66 (PSX.N) sold its natural gas gathering and processing assets in East Texas to Voyager Midstream Holdings, a portfolio firm of Pearl Energy Investments, the company said on Tuesday. ...

Why did Phillips 66 sell its non-core assets?

The sale aligns with Phillips 66’s previously announced plan to divest $3 billion in non-core assets in January 2024. The proceeds from these sales are intended to support the company's strategic priorities, including cost reduction and portfolio optimization. ...

Will Phillips 66 monetize $3B in non-core assets in 2024?

Phillips 66 (PSX) said last year that it planned to monetize $3B in non-core assets in 2024 as part of an effort to increase returns by cutting costs and assets. Phillips 66 (NYSE:PSX) sold its natural gas gathering and processing assets in east Texas to Voyager Midstream Holdings for an unknown amount, Reuters reported Tuesday. ...

Is Phillips 66 a good stock to buy?

Phillips 66's strategic asset monetization efforts, coupled with Voyager's expansion plans, are indicative of the ongoing shifts in the energy infrastructure landscape in East Texas and beyond. Currently, Phillips 66 carries a Zack Rank #3 (Hold). ...

Did Phillips 66 buy Rockies Express Pipeline?

In March 2024, Reuters reported that Phillips 66 was exploring the sale of its 25% stake in the Rockies Express Pipeline (REX) for more than $1bn, including debt. "Phillips 66 divests natural gas assets in Texas to Voyager Midstream" was originally created and published by Offshore Technology, a GlobalData owned brand. ...