ArcLight Acquires 25% Stake in Gulf Coast Express Pipeline (GCX)

ArcLight Acquires 25% Interest in Natural Gas Pipeline Company of America (NGPL)

May 13, 2025

Energy

ArcLight Capital Partners’ managed fund acquired a 25% interest in Natural Gas Pipeline Company of America (NGPL), resulting in ArcLight holding a 62.5% economic ownership stake while Kinder Morgan retains a 37.5% interest and continues to operate NGPL. NGPL is one of the largest U.S. interstate natural gas pipeline systems (≈9,100 miles, ~1 million horsepower of compression, 288 billion cubic feet of storage); terms were not disclosed. ArcLight cited rising power demand from electrification and AI and the asset’s ability to support utilities, LNG exporters and data centers as the strategic rationale.

ArcLight Acquires Incremental 12.5% Stake in Natural Gas Pipeline Company of America (NGPL)

June 15, 2023

Energy

An affiliate of ArcLight Capital Partners acquired an incremental 12.5% interest in Natural Gas Pipeline Company of America LLC (NGPL) from Brookfield Infrastructure, increasing ArcLight's ownership to 37.5%. Brookfield Infrastructure retains a 25% interest and Kinder Morgan continues to operate NGPL and hold a 37.5% stake. NGPL is a major interstate natural gas pipeline system that transports gas into the Chicago market and to LNG export facilities, supporting energy reliability and export growth.

ArcLight Capital Partners Acquires Advanced Power

July 24, 2025

Energy

ArcLight Capital Partners has acquired Advanced Power and committed an initial $1 billion equity investment to accelerate development of modern power infrastructure. The partnership could deploy more than $5 billion over five years to support over 20 GW of new generation and 10+ GWh of storage, targeting utilities, data center developers and hyperscalers across North America.

Phillips 66 Acquires EPIC NGL (EPIC Y-Grade)

April 1, 2025

Oil & Gas

Phillips 66 completed the acquisition of EPIC Y-Grade GP, LLC and EPIC Y-Grade, LP (collectively "EPIC NGL") for approximately $2.2 billion in cash. The deal adds an NGL pipeline (~885 miles), two fractionators near Corpus Christi and purity distribution pipelines, expanding Phillips 66's Permian-to-Gulf Coast midstream footprint and connectivity to refiners, petrochemical customers and export markets.

Phillips 66 Increases Economic Interest in DCP Midstream

August 17, 2022

Oil & Gas

Phillips 66 realigned joint-venture interests with Enbridge to increase its economic stake in DCP Midstream, LP from 28.26% to 43.31%, and will oversee the joint venture’s interest in DCP including the General Partner. The transaction (which included a roughly $400 million cash contribution from Phillips 66 and merged Gray Oak Holdings into DCP Midstream) closed on August 17, 2022 and is intended to integrate Phillips 66’s NGL value chain from wellhead to market.

Kinder Morgan Acquires NextEra Energy Partners' South Texas Assets (STX Midstream)

December 28, 2023

Oil & Gas

Kinder Morgan closed its previously announced $1.815 billion acquisition of NextEra Energy Partners' South Texas assets (STX Midstream), acquiring majority interests in multiple natural gas pipelines including a 90% interest in the NET Mexico pipeline and a 50% interest in Dos Caminos LLC. The assets expand Kinder Morgan's South Texas footprint and provide greater connectivity to LNG, Mexico export and Gulf Coast power and industrial markets.