Phillips 66 Plans Major Midstream Capacity Expansion

Benzinga_recent_news05-18

Phillips 66 (NYSE:PSX) shares are up during Monday's premarket session. The company advanced its integrated wellhead-to-market strategy with the announcement of the Zeus Gas Plant and a third Coastal ...

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The company advanced its integrated wellhead-to-market strategy with the announcement of the Zeus Gas Plant and a third Coastal ...</p>\n\n<a href=\"https://www.benzinga.com/markets/large-cap/26/05/52632397/phillips-66-plans-major-midstream-capacity-expansion\">Source Link</a>\n\n</div>\n","source":"benzinga_recent_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Phillips 66 Plans Major Midstream Capacity Expansion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPhillips 66 Plans Major Midstream Capacity Expansion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-05-18 21:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/large-cap/26/05/52632397/phillips-66-plans-major-midstream-capacity-expansion><strong>Benzinga_recent_news</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Phillips 66 (NYSE:PSX) shares are up during Monday's premarket session. The company advanced its integrated wellhead-to-market strategy with the announcement of the Zeus Gas Plant and a third Coastal ...</p>\n\n<a href=\"https://www.benzinga.com/markets/large-cap/26/05/52632397/phillips-66-plans-major-midstream-capacity-expansion\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ERX","symbol_name":"二倍做多能源ETF-Direxion","start_time":0,"source_url":"https://www.benzinga.com/markets/large-cap/26/05/52632397/phillips-66-plans-major-midstream-capacity-expansion","article_id":"2636076017","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/cdn-cgi/image/width=240,dpr=2,format=auto,quality=85/files/images/story/2026/05/18/Phillips-66.jpeg"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/markets/large-cap/26/05/52632397/phillips-66-plans-major-midstream-capacity-expansion","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2636076017","pubTimestamp":1779109560,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"Phillips 66 (PSX) shares rise after announcing the Zeus Gas Plant and a new Coastal Bend fractionator to expand Permian gas capacity.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"ERX":"二倍做多能源ETF-Direxion","BK4217":"自存仓储房地产信托","SMA":"Smartstop Self Storage REIT Inc","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","IE00B3T34201.USD":"BNY MELLON GLOBAL EQUITY INCOME \"B\" (USD) INC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0477156953.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"RE\" (USD) ACC","BK4588":"碎股","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","BK4585":"ETF&股票定投概念","LU0300736492.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) INC","BK4138":"石油与天然气的炼制和营销","VDE":"Vanguard Energy ETF","LU0130517989.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"R\" INC","PSX":"Phillips 66"},"translate_title":"Phillips 66计划大规模中游产能扩张","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PSX":1.5,"VDE":0.71,"SMA":1,"ERX":0.71},"content_text":"Phillips 66 (NYSE:PSX) shares are up during Monday's premarket session. The company advanced its integrated wellhead-to-market strategy with the announcement of the Zeus Gas Plant and a third Coastal Bend Fractionator.\nThese projects are expected to enhance gas processing capacity in the Permian and NGL fractionation capabilities on the Gulf Coast. The company is moving forward with these initiatives as part of its capital spending program.\nPhillips 66 is set to develop a 300 MMcf/d gas processing facility, the Zeus Gas Plant, along with a 100 MBD natural gas liquids fractionator in Robstown, Texas.\nThe Zeus gas processing facility will be supported by the new Midland Express (MEX) Pipeline. It is a ~45-mile, 20-inch line that integrates Phillips 66's Permian gathering systems.\nThe MEX pipeline is expected to start up alongside the Zeus plant. The pipeline will transport up to 230 MMcf/d of wellhead gas and provide future bi-directional flow flexibility between multiple processing sites.\nThese projects are designed to support rising Permian output by expanding processing and fractionation capacity. Improving flow efficiency across the integrated system, and linking growing supply to downstream assets and premium markets.\nBoth projects are anticipated to be operational by 2028. They are part of the company's $2.0 billion to $2.5 billion capital spending range. It aligns with its goal to reduce debt and return cash to shareholders.\nThe investments align with the company's strategy to reduce debt to $17 billion by end-2027 and return more than 50% of operating cash flow (excluding working capital) to shareholders.\nOver the past 12 months, Phillips 66 has seen a strong performance, gaining 44.21%. Currently, the stock is trading at $176.47, which is 2.4% above its 20-day simple moving average (SMA) of $169.84 and 19.6% above its 200-day SMA of $145.45. The moving average convergence divergence (MACD) is above its signal line, indicating that downside pressure is easing, which suggests improving momentum compared to previous trends.\nFor the second quarter, the company expects global olefins & polyolefins utilization to be in low-80% and refining crude utilization in the low-to-Mid 90%.\nAnalyst Consensus & Recent Actions: The stock carries a Hold rating with an average price target of $177.08. Recent analyst moves include:\nSignificance: Because PSX carries significant weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.\nPSX Stock Price Activity: Phillips 66 shares were up 0.88% at $176.47 during premarket trading on Monday, according to Benzinga Pro data.\nPhoto via Shutterstock \nThis content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.2","shortVersion":"4.42.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2636076017","isCrawlerRequest":true}