Stocks · News reference
Phillips 66 shares rise after Western Gateway reaches investment decision, with the $5B pipeline targeting 230,000 barrels per day capacity.
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
Seven sectors are higher and four are lower in Friday’s regular session, with growth sectors holding the top three positions. The leaders are separated rather than clustered, with no single gap clearly standing apart from the other breaks across the table.
Kinder Morgan, Inc. announced it will post an updated investor presentation on its website on November 6, 2026.
Energy Transfer reported strong Q3 results with adjusted EBITDA soaring 31% year-over-year to $5.03 billion, driven by energy market volatility and record volumes across segments. The company plans to increase growth capital expenditures to $7 billion in 2027, with major projects including the Hugh Brinson Pipeline and Desert Southwest pipeline. Trading at a forward EV/EBITDA multiple of 8.2x with a 6.8% dividend yield and well-covered distributions, Energy Transfer is positioned as an attractive investment in the midstream energy sector.
Four sectors are higher and seven are lower in Thursday’s regular session, with defensive sectors holding two of the top three positions. The leaders are separated rather than clustered, with no single gap clearly standing apart from the other breaks across the table.
Phillips 66 has appointed Chris Chandler as Executive Vice President and Strategic Advisor to the CEO, leveraging his extensive experience in the energy industry.
Filed: 2026-11-05 AccNo: 0001628280-26-070328 Size: 264 KB Item 1.01: Entry into a Material Definitive Agreement Item 9.01: Financial Statements and Exhibits