NGL Stock Recent News
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In November 2024, Coterra acquired assets for $3,950 million. With this acquisition, the company expects to increase its production between 7.95% and 13.94% from 2023 to 2025. Coterra has signed contracts to export 200 mmcfd between 2027 and 2038. The company has a debt-to-equity ratio of 18.11% and a solid financial position. In fact, the retained earnings increased from $1,569 million in 2021 to $5,716 million in 2024Q3.
Energy Transfer LP is well-positioned for growth due to its extensive midstream infrastructure and potential benefits from increased U.S. oil production under the incoming administration. The company's export facilities could see higher throughput volumes if domestic energy production rises, providing a boost to the company's cash flow. Energy Transfer has a strong balance sheet, reasonable leverage, and a solid distribution coverage ratio, making it a reliable investment for income seekers.
Phillips 66's $2 billion acquisition in the Permian Basin enhances midstream portfolio, expected to generate $280 million in EBITDA with synergies. The company doubled its midstream EBITDA over 3 years, providing reliable cash flow and mitigating downstream business volatility. Strategic priorities include maintaining low costs, disciplined growth, and expanding the renewable portfolio, with $12.5 billion in shareholder distributions since July 2022.
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TULSA, Okla.--(BUSINESS WIRE)--NGL Energy Partners Announces Earnings Call.
PSX states that the EPIC NGL acquisition is expected to generate attractive returns for the company and be immediately accretive to its earnings per share.
U.S. oil refiner Phillips 66 said on Monday it will acquire EPIC Y-Grade GP and EPIC Y-Grade in an all-cash deal for $2.2 billion.
HOUSTON--(BUSINESS WIRE)--Phillips 66 announced a definitive agreement to buy EPIC Y-Grade GP, LLC and EPIC Y-Grade, LP for total cash consideration of $2.2 billion.
TULSA, Okla.--(BUSINESS WIRE)--NGL Energy Partners Announces Earnings Call.