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Elliott builds more than $2.5B stake in Phillips 66, wants it to sell or spin off midstream unit

Activist investor Elliott Investment Management LP has built up a more than $2.5 billion stake in Phillips 66, and is looking for the energy company to either sell or spin off its midstream unit to help boost its stock price.

Reuters on MSN · 3d

Elliott Builds $2.5 Billion Stake in Phillips 66, Pushes for Midstream Business Sale

(Reuters) - Elliott Investment Management said on Tuesday it has built a stake of more than $2.5 billion in U.S. refiner Phillips 66, and plans to push for operational changes as well as the sale of the company's midstream business.

The Business Journals · 2d

Activist investor Elliott wants Phillips 66 to spin off business, sell JV interest

The activist investor demands that Phillips 66 separate or sell its midstream business, which it values at up to $40 billion, and sell its CPChem interest. Activist investor Elliott Investment Management LP wants Houston-based Phillips 66 (NYSE: PSX) to spin off its midstream business and sell its interest in the CPChem joint venture.

MT Newswires on MSN · 3d

Phillips 66 Investor Elliott Urges Sale or Separation of Midstream Business

Phillips 66 (PSX) investor Elliott Investment Management urged the oil refiner on Tuesday to spin off or sell its midstream business, which it said could command a valuation of more than $40 billion.

18h

Antero Midstream: Free Cash Flow Ahead Of Guidance

Antero Midstream surpasses free cash flow goals, balances growth with fiscal prudence, and targets high-teens returns. Read ...

7hon MSN

Antero Midstream Corporation (NYSE:AM) Q4 2024 Earnings Call Transcript

Q4 2024 Earnings Call Transcript February 13, 2025 Operator: Greetings, and welcome to the Antero Midstream Corporation ...

DT Midstream to Announce Fourth Quarter and Full Year 2024 Financial Results, Schedules Earnings Call

DETROIT, Feb. 12, 2025 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE: DTM) plans to announce fourth quarter and full year 2024 financial results before the market opens on Wednesday, February 26, 2025.

Western Midstream: Scoop Up This Ultra-High-Yielding Deal Now

Western Midstream is a couple of months away from likely upping its already huge quarterly distribution per unit. See why I'm ...

11d

Pinnacle Midstream Execs Form Energy Spectrum-Backed Renegade

Renegade Infrastructure, led by Permian-centric Pinnacle Midstream developers Drew Ward and Jason Tanous, have received a ...

Antero Midstream sees FY25 EPS $0.92-$1.00

Net Income of $445 to $485 million, representing GAAP earnings of $0.92 to $1.00 per share; Adjusted EBITDA of $1.08 ...

Reuters13d

Midstream Transportation Agreements for Carbon Capture

Midstream Transportation Agreements for Carbon Capture Participants in the midstream stage of US carbon capture projects take carbon from an upstream emission source to a downstream delivery point ...

SG Americas Securities LLC Invests $114,000 in EnLink Midstream, LLC (NYSE:ENLC)

SG Americas Securities LLC acquired a new position in EnLink Midstream, LLC (NYSE:ENLC – Free Report) during the 4th quarter, Holdings Channel reports. The fund acquired 8,035 shares of the pipeline ...

3don MSN

Hess Midstream prices upsized secondary offering at $39.45 per share

Hess Midstream (NYSE:HESM) upsized and priced an underwritten public offering of 11M shares by an affiliate of Global Infrastructure Partners, a part of BlackRock, at a public offering price of $39.45 ...

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