About Pinnacle Midstream
Pinnacle Midstream is a company based in Houston (United States) founded in 2014 by J Greg Sargent was acquired by Phillips 66 in May 2024.. Pinnacle Midstream has raised $20 million across 2 funding rounds from investors including Phillips 66, Energy Spectrum and BP Energy Partners. The company has 9 employees as of December 31, 2017. Pinnacle Midstream offers products and services including Natural Gas Gathering, Crude Oil Processing, and Produced Water Gathering. Pinnacle Midstream operates in a competitive market with competitors including Dominion Energy, Eni Next, Shell, Oxy and Naturgy, among others.
- Headquarter Houston, United States
- Employees 9 as on 31 Dec, 2017
- Founders J Greg Sargent
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Pinnacle Midstream, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$20 M (USD)
in 2 rounds
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Latest Funding Round
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Investors
Phillips 66
& 2 more
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Employee Count
9
as on Dec 31, 2017
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Acquired by
Phillips 66
(May 20, 2024)
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Products & Services of Pinnacle Midstream
Pinnacle Midstream offers a comprehensive portfolio of products and services, including Natural Gas Gathering, Crude Oil Processing, and Produced Water Gathering. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Service for collecting and processing natural gas in the Midland Basin.
Handles gathering, stabilization, and storage of crude oil resources.
Manages disposal and gathering of produced water in oil operations.
Funding Insights of Pinnacle Midstream
Pinnacle Midstream has successfully raised a total of $20M across 2 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
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First Round
First Round
(08 Jan 2015)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2019 | Amount | Private Equity Round - Pinnacle Midstream | Valuation | Energy Spectrum |
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| Jan, 2015 | Amount | Private Equity Round - Pinnacle Midstream | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Pinnacle Midstream
Pinnacle Midstream has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Phillips 66, Energy Spectrum and BP Energy Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Energy infrastructure investments are managed by this firm.
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Founded Year | Domain | Location | |
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A private equity firm focused on energy-intensive industries is operated.
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Founded Year | Domain | Location | |
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Energy manufacturing and logistics services are provided globally.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Pinnacle Midstream
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Pinnacle Midstream
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Pinnacle Midstream Comparisons
Competitors of Pinnacle Midstream
Pinnacle Midstream operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Dominion Energy, Eni Next, Shell, Oxy and Naturgy, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Energy production and transportation are conducted by Dominion Energy.
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| domain | founded_year | HQ Location |
Provider of exploration, production, and distribution services of oil & gas
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| domain | founded_year | HQ Location |
Shell is recognized as a global energy and petrochemical company.
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| domain | founded_year | HQ Location |
Integrated petroleum services are provided worldwide by Oxy.
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| domain | founded_year | HQ Location |
Electricity and natural gas distribution services are provided globally.
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| domain | founded_year | HQ Location |
Gazprom is engaged in the exploration, production, and distribution of natural gas.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Pinnacle Midstream
Frequently Asked Questions about Pinnacle Midstream
When was Pinnacle Midstream founded?
Pinnacle Midstream was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Pinnacle Midstream located?
Pinnacle Midstream is headquartered in Houston, United States. It is registered at Houston, Texas, United States.
Who is the current CEO of Pinnacle Midstream?
J Greg Sargent is the current CEO of Pinnacle Midstream. They have also founded this company.
Is Pinnacle Midstream a funded company?
Pinnacle Midstream is a funded company, having raised a total of $20M across 2 funding rounds to date. The company's 1st funding round was a Private Equity Round of $20M, raised on Jan 08, 2015.
How many employees does Pinnacle Midstream have?
As of Dec 31, 2017, the latest employee count at Pinnacle Midstream is 9.
What does Pinnacle Midstream do?
Pinnacle Midstream was founded in 2014 and is headquartered in Houston, United States. Operations focus on the midstream sector of the oil and gas industry, including transportation, storage, and processing services. Leadership is provided by J Greg Sargent as founder and CEO. Activities support the movement of hydrocarbons from production sites to refineries or markets across key regions.
Who are the top competitors of Pinnacle Midstream?
Pinnacle Midstream's top competitors include Dominion Energy, Shell and Oxy.
What products or services does Pinnacle Midstream offer?
Pinnacle Midstream offers Natural Gas Gathering, Crude Oil Processing, and Produced Water Gathering.
Who are Pinnacle Midstream's investors?
Pinnacle Midstream has 3 investors. Key investors include Phillips 66, Energy Spectrum, and BP Energy Partners.