Arclight announces $865 million acquisition of strategic pipeline interest

Boston , feb. 3, 2025 /prnewswire/ -- arclight capital partners, llc and affiliates (collectively, "arclight") announced today that it has completed the acquisition of a 25% equity interest in gulf coast express pipeline llc ("gcx") for $865 million from an affiliate of phillips 66 (nyse: psx).  going forward, gcx will be jointly owned by subsidiaries of kinder morgan, inc. (nyse: kmi) and affiliates of arclight.
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