Epic y-grade agrees to sell business for $2.20 billion to phillips 66

Houston--(business wire)--epic y-grade, lp (“epic y-grade” or “the company”) announced that it has entered into definitive agreements with phillips 66 (nyse: psx) to sell its natural gas liquids (“ngl”) business for total cash consideration of $2.20 billion, subject to customary purchase price adjustments. epic y-grade owns long haul natural gas liquids pipelines and fractionation facilities that serve both the permian and eagle ford basins. “epic has transformed its ngl business over the past.
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