reuters.com

Enbridge to buy Tallgrass crude oil business for $2.55 billion

Enbridge logoEnbridge
Sig3.54Sen+3.31Env-2.81Soc-0.50Gov+0.66

Enbridge will acquire a 75% interest in the Pony Express Pipeline, a 1,050-mile crude system linking the Rockies to Cushing, plus a 51% stake in the Powder River Gateway and about 8.4 million barrels of storage at nine terminals, along with Stanchion Energy. Closing is expected later in 2026, subject to regulatory clearance, with accretive cash-flow impact and unchanged 2026 guidance, partially funded via an equity offering.

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