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Phillips 66 (PSX) and Kinder Morgan Advance Western Gateway Pipeline Project

2026-04-30 05:34:33

Abstract generation in progress

Phillips 66 (PSX) and Kinder Morgan are moving forward with their Western Gateway Pipeline project after a successful second open season secured shipper commitments. This project aims to connect Midwest and Gulf Coast refinery supply to markets in Phoenix and California, including Las Vegas, through new pipeline construction and reversals of existing lines, targeting a mid-2029 in-service date. Analysts from Piper Sandler and Barclays have raised price targets for Phillips 66, citing expected earnings tailwinds and commodity price benefits.

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