Tesoro Logistics LP said Sunday that it will acquire the natural gas gathering and processing business owned by QEP Resources Inc. in a $2.5 billion deal.
The deal will add natural gas to Tesoro Logistics’ portfolio, in turn boosting its revenue and expected quarterly distributions to shareholders.
Real journalism.Trusted by millions.
Unlimited access to in-depth reporting, expert analysis, and the stories that shape our country.
Subscribe Now
Already a member? Log in
Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.