\nPhillips 66 (NYSE: PSX) and Kinder Morgan, Inc. (NYSE: KMI) today announced the advancement of the Western Gateway Pipeline (Western Gateway), a proposed refined products pipeline system, following a successful second open season that secured long-term shipper commitments sufficient to move the project forward, subject to the execution of definitive transportation service agreements, joint venture agreements, and respective board approvals.<\/p>\n
\n\u201cCustomer response during the open season underscores the importance of Western Gateway in addressing long\u2011term refined products logistics needs in the region,\u201d said Phillips 66 Chairman and CEO Mark Lashier. \u201cStrong market interest validates the role this project can play in improving supply flexibility and reliability for West Coast markets.\u201d<\/p>\n
\n\u201cWe\u2019re pleased to be able to use our existing assets to leverage growth opportunities for the Arizona and California markets,\u201d said Kinder Morgan CEO Kim Dang. \u201cBy utilizing existing pipeline assets across multiple states along the route, we\u2019re uniquely well-positioned to support a refined products transportation solution.\u201d<\/p>\n
\nThe Western Gateway Pipeline will connect Midwest and Gulf Coast refinery supply to Phoenix, Arizona and California markets with connectivity to Las Vegas, Nevada via Kinder Morgan\u2019s CALNEV Pipeline. The Western Gateway Pipeline will consist of a new-build pipeline from Borger, Texas to Phoenix, Arizona, combined with Kinder Morgan\u2019s existing SFPP, L.P. pipeline from Colton, California to Phoenix, Arizona, which will be reversed to enable east to west product flows into California. The Western Gateway Pipeline will be fed from Midwest and Gulf Coast supplies connected to Borger, Texas. The Gold Pipeline, operated by Phillips 66, which currently flows from Borger to St. Louis, will be reversed to enable refined products from Midwest and Gulf Coast refineries to flow toward Borger and supply the Western Gateway Pipeline.<\/p>\n
\nThe project is targeting an in-service date of mid-2029.<\/p>\n
\nFor more information about the project, visit https:\/\/westerngatewaypipeline.com\/<\/a><\/p>\n About Phillips 66<\/b><\/p>\n \nPhillips 66 (NYSE: PSX) is a leading integrated downstream energy provider that manufactures, transports and markets products that drive the global economy. The company\u2019s portfolio includes Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels businesses. Headquartered in Houston, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while pursuing a lower-carbon future. For more information, visit phillips66.com<\/a> or follow @Phillips66Co<\/a> on LinkedIn.<\/p>\n About Kinder Morgan<\/b><\/p>\n \nKinder Morgan, Inc. (NYSE: KMI) is one of the largest energy infrastructure companies in North America. Access to reliable, affordable energy is a critical component for improving lives around the world. We are committed to providing energy transportation and storage services in a safe, efficient, and environmentally responsible manner for the benefit of the people, communities, and businesses we serve. We own an interest in or operate approximately 78,000 miles of pipelines, 136 terminals, more than 700 billion cubic feet of working natural gas storage capacity, and have renewable natural gas generation capacity of approximately 6.9 Bcf per year of gross production. Our pipelines transport natural gas, refined petroleum products, crude oil, condensate, CO2<\/sub>, renewable fuels and other products, and our terminals store and handle various commodities including gasoline, diesel fuel, jet fuel, chemicals, metals, petroleum coke, and ethanol and other renewable fuels and feedstocks. Learn more about our work advancing energy solutions on the lower carbon initiatives page at www.kindermorgan.com<\/a>.<\/p>\n Important Information Relating to Forward-Looking Statements<\/i><\/b><\/p>\n Phillips 66:<\/i><\/p>\n This news release contains forward-looking statements within the meaning of the federal securities laws relating to Phillips 66\u2019s operations, strategy and performance. Words such as \u201canticipated,\u201d \u201cestimated,\u201d \u201cexpected,\u201d \u201cplanned,\u201d \u201cscheduled,\u201d \u201ctargeted,\u201d \u201cbelieve,\u201d \u201ccontinue,\u201d \u201cintend,\u201d \u201cwill,\u201d \u201cwould,\u201d \u201cobjective,\u201d \u201cgoal,\u201d \u201cproject,\u201d \u201cefforts,\u201d \u201cstrategies\u201d and similar expressions that convey the prospective nature of events or outcomes generally indicate forward-looking statements. However, the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements included in this news release are based on management\u2019s expectations, estimates and projections as of the date they are made. These statements are not guarantees of future events or performance, and you should not unduly rely on them as they involve certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. Factors that could cause actual results or events to differ materially from those described in the forward-looking statements include: changes in governmental policies relating to NGL, crude oil, natural gas, refined petroleum or renewable fuels products pricing, regulation or taxation, including exports; our ability to timely obtain or maintain permits, including those necessary for capital projects; fluctuations in NGL, crude oil, refined petroleum products, renewable fuels, renewable feedstocks and natural gas prices, and refined product, marketing and petrochemical margins; the effects of any widespread public health crisis and its negative impact on commercial activity and demand for our products; changes to government policies relating to renewable fuels and greenhouse gas emissions that adversely affect programs including the renewable fuel standards program, low carbon fuel standards and tax credits for biofuels; liability resulting from pending or future litigation or other legal proceedings; liability for remedial actions, including removal and reclamation obligations under environmental regulations; unexpected changes in costs or technical requirements for constructing, modifying or operating our facilities or transporting our products; our ability to successfully complete, or any material delay in the completion of, any asset disposition, acquisition, shutdown or conversion that we may pursue, including receipt of any necessary regulatory approvals or permits related thereto; unexpected technological or commercial difficulties in manufacturing, refining or transporting our products, including chemical products; the level and success of producers\u2019 drilling plans and the amount and quality of production volumes around our midstream assets; risks and uncertainties with respect to the actions of actual or potential competitive suppliers and transporters of refined petroleum products, renewable fuels or specialty products; changes in the cost or availability of adequate and reliable transportation for our NGL, crude oil, natural gas and refined petroleum and renewable fuels products; failure to complete definitive agreements and feasibility studies for, and to complete construction of, announced and future capital projects on time or within budget; our ability to comply with governmental regulations or make capital expenditures to maintain compliance; limited access to capital or significantly higher cost of capital related to our credit profile or illiquidity or uncertainty in the domestic or international financial markets; damage to our facilities due to accidents, weather and climate events, civil unrest, insurrections, political events, terrorism or cyberattacks; domestic and international economic and political developments including armed hostilities, such as the war in Eastern Europe, instability in the financial services and banking sector, excess inflation, expropriation of assets and changes in fiscal policy, including interest rates; international monetary conditions and exchange controls; changes in estimates or projections used to assess fair value of intangible assets, goodwill and properties, plants and equipment and\/or strategic decisions or other developments with respect to our asset portfolio that cause impairment charges; substantial investments required, or reduced demand for products, as a result of existing or future environmental rules and regulations, including greenhouse gas emissions reductions and reduced consumer demand for refined petroleum products; changes in tax, environmental and other laws and regulations (including alternative energy mandates) applicable to our business; political and societal concerns about climate change that could result in changes to our business or increase expenditures, including litigation-related expenses; the operation, financing and distribution decisions of our joint ventures that we do not control; the potential impact of activist shareholder actions or tactics; and other economic, business, competitive and\/or regulatory factors affecting Phillips 66\u2019s businesses generally as set forth in our filings with the U.S. Securities and Exchange Commission. Phillips 66 is under no obligation (and expressly disclaims any such obligation) to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.<\/i><\/p>\n Kinder Morgan, Inc. (KMI):<\/i><\/p>\n This news release includes forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934. Generally, the words \u201cexpects,\u201d \u201cbelieves,\u201d \u201canticipates,\u201d \u201cplans,\u201d \u201cwill,\u201d \u201cshall,\u201d \u201cestimates,\u201d \u201cprojects,\u201d and similar expressions identify forward-looking statements, which are generally not historical in nature. Forward-looking statements in this news release include, among others, express or implied statements pertaining to the proposed Western Gateway Pipeline project and partnership between Phillips 66 and KMI. Forward-looking statements are subject to risks and uncertainties and are based on the beliefs and assumptions of management, based on information currently available to them. Although KMI believes that these forward-looking statements are based on reasonable assumptions, it can give no assurance as to when or if any such forward-looking statements will materialize nor their ultimate impact on our operations or financial condition. Important factors that could cause actual results to differ materially from those expressed in or implied by these forward-looking statements include: changes in tariffs and trade restrictions; repercussions of recent armed conflicts between Israel and Hamas and between the U.S., Israel and Iran, including commodity price volatility and potential adverse effects on financial and economic conditions; the parties\u2019 ability to negotiate terms of the proposed partnership; and other risks and uncertainties described in KMI\u2019s reports filed with the Securities and Exchange Commission (SEC), including its Annual Report on Form 10-K for the year-ended December 31, 2025 (under the headings \u201cRisk Factors\u201d and \u201cInformation Regarding Forward-Looking Statements\u201d and elsewhere), and its subsequent reports, which are available through the SEC\u2019s EDGAR system at<\/i>www.sec.gov<\/i><\/a>and on KMI\u2019s website at ir.kindermorgan.com. Forward-looking statements speak only as of the date they were made, and except to the extent required by law, KMI undertakes no obligation to update any forward-looking statement because of new information, future events or other factors. Because of these risks and uncertainties, readers should not place undue reliance on these forward-looking statements.<\/i><\/p>\n View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20260419746999\/en\/<\/a><\/span><\/p>\n Phillips 66<\/b><\/p>\n \nInvestor Relations \nMedia Relations Kinder Morgan<\/b><\/p>\n \nInvestor Relations<\/p>\n
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investorrelations@p66.com<\/a><\/p>\n
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phillips66media@p66.com<\/a><\/p>\n
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(800) 348-7320
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KM_ir@kindermorgan.com<\/a><\/p>\n
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