Pipeline Power Play: Phillips 66 Makes $550M Gas Grab In The Permian Basin
Pipeline Power Play: Phillips 66 Makes $550M Gas Grab In The Permian Basin
Phillips 66 (NYSE:PSX) inked a deal to acquire Pinnacle Midland Parent LLC from Energy Spectrum Capital for a cash consideration of $550 million.
菲利普斯66（纽约证券交易所代码：PSX）签署了一项协议，以5.5亿美元的现金对价从能源光谱资本收购Pinnacle Midland Parent LLC。
The strategic move reflects the expansion of its natural gas gathering and processing footprint in the Midland Basin.
该战略举措反映了其在米德兰盆地的天然气收集和加工足迹的扩大。
Pinnacle's assets include the recently built Dos Picos natural gas gathering and processing system. It is a 220 MMcf/d gas processing plant, 80 miles of gathering pipeline, and 50,000 dedicated acres through high-quality producers in one of Phillips 66's core basins.
Pinnacle 的资产包括最近建造的 Dos Picos 天然气收集和处理系统。它是一座220 mmcf/d的天然气处理厂，80英里的采集管道，通过菲利普斯66的一个核心盆地的高质量生产商占地50,000英亩的专用土地。
The Dos Picos processing complex and related infrastructure is easily scalable toward a second 220 MMcf/d gas plant and integrates well into the company's existing downstream infrastructure.
Dos Picos 处理综合体和相关基础设施可轻松扩展到第二座 220 mmcf/d 天然气厂，并且可以很好地集成到公司现有的下游基础设施中。
The transaction is expected to close around mid-year of 2024, following satisfaction of customary closing conditions.
在满足惯例成交条件后，该交易预计将在2024年年中左右完成。
Mark Lashier, Chairman and CEO said, "We are growing our Midstream business in the Permian to further strengthen and expand our service offerings to customers while driving operational and commercial synergies."
董事长兼首席执行官马克·拉希尔表示：“我们正在二叠纪发展中游业务，以进一步加强和扩大我们为客户提供的服务，同时推动运营和商业协同效应。”
"Pinnacle is a bolt-on asset that advances our wellhead-to-market strategy and complements our diversified and integrated asset portfolio. Further, this transaction aligns with our long-term objectives to build out our natural gas liquids value chain, be disciplined with our capital allocation and create sustainable value for our shareholders."
“Pinnacle（平博）是一种附加资产，它推进了我们的市场战略，并补充了我们的多元化和综合资产组合。此外，该交易符合我们的长期目标，即建立我们的液化天然气价值链，严格控制资本配置，为股东创造可持续的价值。”
Last month, Phillips 66 reported first-quarter FY24 revenue of $36.436 billion, exceeding the consensus of $33.075 billion, and adjusted EPS of $1.90, missing the consensus of $2.17.
上个月，菲利普斯66公布的24财年第一季度收入为364.36亿美元，超过市场预期的330.75亿美元，调整后的每股收益为1.90美元，未达到预期的2.17美元。
As of March-end, the company had cash and cash equivalents of $1.6 billion and committed capacity available under its credit facility worth $3.5 billion.
截至3月底，该公司的现金和现金等价物为16亿美元，其信贷额度下的承诺可用容量为35亿美元。
Investors can gain exposure to the stock via IShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO) and VanEck Oil Refiners ETF (NYSE:CRAK).
投资者可以通过iShares美国石油与天然气勘探与生产ETF（BATS: IEO）和VanEck Oil Refiners ETF（纽约证券交易所代码：CRAK）获得股票敞口。
Price Action: PSX shares are down 0.15% at $144.20 premarket at the last check Tuesday.
价格走势：在周二的最后一次盘前检查中，PSX股价下跌0.15％，至144.20美元。