2 unchanged sentences
Additionally, we have elected a $1 million threshold to disclose certain proceedings arising under federal, state or local environmental laws when a governmental authority is a party to the proceedings.
−Removed: During the first quarter of 2025, there were no new matters and one material development with respect to matters previously reported.
+Added: During the second quarter of 2025, there was one new matter and two material developments with respect to matters previously reported.
Except as otherwise set forth herein, we do not currently believe that the eventual outcome of any matters previously reported, but still unresolved, individually or in the aggregate, could have a material adverse effect on our business, financial condition, results of operations or cash flows.
6 unchanged sentences
Securities and Exchange Commission rules is made pursuant to these decrees based on a given reported exceedance, we will separately report that matter and the amount of the proposed penalty.
−Removed: Matters Previously Reported (unresolved or resolved since the 2024 Annual Report on Form 10-K)
+Added: On April 18, 2025, the New Mexico Environment Department commenced an enforcement action against DCP Operating Company, L.P.
+Added: alleging violations of permit and regulatory requirements at five gas plants, and seven booster or compressor stations in the state from 2018 to 2024.
+Added: New Mexico seeks a civil penalty in excess of $1 million.
+Added: The company is responding to the allegations and working with the state to resolve the matter.
+Added: Matters Previously Reported (unresolved or resolved since the Quarterly Report on Form 10-Q for the quarter ended March 31, 2025)
As described further in the “Legal Proceedings” section of Note 13—Contingencies and Commitments, in the Notes to Consolidated Financial Statements, on February 17, 2022, Propel Fuels, Inc.
8 unchanged sentences
To the extent Phillips 66 Company is required to pay exemplary damages, it may have a material adverse effect on our financial position and results of operations.
+Added: On April 17, 2025, Phillips 66 Company paid $3.4 million to settle allegations by the United States Environmental Protection Agency that it was liable for certain cleanup costs at the Horton Iron and Metal Superfund Site as a result of alleged successor liability from historical operations of the Agrico Chemical Company.
Dakota Access, LLC (Dakota Access) and Energy Transfer Crude Oil Company, LLC (ETCO)
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.