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Stock impact report

EPIC Pipeline Announces Purchase of Robstown, Texas, Fractionator and Associated Infrastructure from Southcross Holdings Borrower, LP

Ares Management Corporation Class A (ARES) 
Last ares management corporation class a earnings: 2/13 06:00 am Check Earnings Report
US:NYSE Investor Relations: ares-ir.com
Company Research Source: Business Wire
SAN ANTONIO--(BUSINESS WIRE)-- EPIC Midstream Holdings, LP (EPIC) today announced that a subsidiary of EPIC Y-Grade Holdings, LP, entered into a definitive equity purchase agreement with Southcross Holdings Borrower LP (Southcross Holdings) to acquire the Robstown NGL fractionation facility located near Corpus Christi, Texas. The purchase will also include a 57-mile pipeline that will enable the Robstown facility to receive natural gas liquids from various pipelines that allow the delivery of fractionated products to several Corpus Christi-area markets. EPIC will assume all of the NGL purchase and sale agreements associated with the fractionator including those with Southcross Energy Partners, LP, a Southcross Holdings affiliate. The Robstown fractionator has a current capacity of 64 thousand barrels per day (MB/D) of NGLs with an expansion underway to 68 MB/D of capacity. The purchase of the Robstown fr Show less Read more
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