Phillips 66将以8.65亿美元出售德克萨斯州管道股份，公布2025年21亿美元资本支出预算

Phillips 66 (NYSE:PSX) said Monday it agrees to sell its 25% stake in the Gulf Coast Express pipeline in Texas to an affiliate of ArcLight Capital Partners for $865M in cash.

Phillips 66 (PSX) said the deal means it has exceeded its $3B asset divestiture target, after previously selling fuel terminals, pipelines and a stake in a Switzerland retail joint venture to raise $2.7B.

Gulf Coast Express is a 500-mile pipeline system that transports ~2B cf/day of natural gas from the Permian Basin to the Agua Dulce, Texas, area.

Following the transaction, Gulf Coast Express will be jointly owned by Kinder Morgan (KMI) and affiliates of ArcLight Capital.

The company also announced a 2025 capital budget of $2.1B, including $1.1B for growth capital and nearly $1B for sustaining capital, compared with $2.2B it had projected for 2024; including its proportionate share of capital spending associated with the CPChem and WRB joint venture, the total 2025 capital program would reach $3B.

In its 2025 plan, Phillips 66 (PSX) forecast a reduction in refining segment expenditure to $822M, compared with $1.07B it expects to spend for refining in 2024.