Mplx Lp Stock Price, News & Analysis

MPLX LP (NYSE: MPLX) has scheduled its third-quarter 2025 financial results conference call for November 4, 2025, at 9:30 a.m. EST. The earnings release and related investor materials will be available on the company's website before the call. Investors can access the conference call through MPLX's website at www.mplx.com, where a replay will remain available for two weeks following the presentation.

MPLX LP (NYSE: MPLX) has completed the acquisition of Northwind Midstream for $2.375 billion. The acquisition enhances MPLX's Permian natural gas and NGL value chains by adding sour gas gathering, treating, and processing services in Lea County, New Mexico.

The transaction, expected to be immediately accretive to distributable cash flow, represents a 7x multiple on forecast 2027 EBITDA with mid-teen unlevered returns. The acquisition and expansion projects will be funded through $4.5 billion in senior notes issued in August 2025.

The acquired assets include 200,000+ dedicated acres, 200+ miles of gathering pipelines, and sour gas treating capacity expanding from 150 MMcf/d to 440 MMcf/d by second half of 2026, supported by minimum volume commitments.

MPLX LP (NYSE: MPLX) has agreed to sell its natural gas gathering and processing network in the Uinta and Green River basins to Harvest Midstream for $1 billion. The transaction, expected to close in Q4 2025, includes extensive assets across Wyoming, Utah, and Colorado.

The assets comprise approximately 1,500 miles of gas gathering pipelines and significant processing capacity including: 345 million cubic feet per day from the Ironhorse and Stagecoach facilities in the Uinta Basin, and 500 million cubic feet per day from the Blacks Fork and Vermilion facilities in the Green River Basin, plus 10,000 barrels per day of fractionator capacity.

MPLX LP (NYSE: MPLX) has announced a significant asset divestiture, agreeing to sell its Rockies gathering and processing assets to Harvest Midstream for $1.0 billion in cash. The assets include natural gas gathering and transportation pipelines with 1.2 billion cubic feet per day of processing capacity, which operated at 52% capacity in 2024.

As part of the deal, Harvest has committed to dedicate 12,000 barrels per day of NGLs from these assets to MPLX for seven years starting in 2028. The transaction, expected to close in Q4 2025, aligns with MPLX's strategic focus on growth in the Marcellus and Permian basins.

ONEOK (NYSE: OKE) has announced a significant joint venture to construct the Eiger Express Pipeline, a major natural gas transportation infrastructure project. The 450-mile, 42-inch pipeline will transport 2.5 billion cubic feet per day of natural gas from the Permian Basin to the Gulf Coast region.

The project is backed by 10+ year firm transportation agreements and involves multiple partners, with ONEOK holding a 25.5% total ownership interest. The pipeline will connect to processing facilities and deliver to both the Katy area near Houston and the Corpus Christi market. WhiteWater will manage construction and operations, with completion expected in mid-2028.

Enbridge (NYSE:ENB) and its partners have reached a final investment decision to construct the Eiger Express Pipeline, a major natural gas transportation infrastructure project. The pipeline will transport 2.5 billion cubic feet per day of natural gas through 450 miles of 42-inch pipeline from the Permian Basin to the Katy area.

The project is a joint venture between WhiteWater, MPLX LP, ONEOK, and Enbridge through their Matterhorn JV (70% ownership), with additional direct stakes held by ONEOK (15%) and MPLX (15%). The pipeline will source supply from multiple Permian Basin connections and is expected to be operational by mid-2028, subject to regulatory approvals.

MPLX LP (NYSE: MPLX) has announced the election of Ray N. Walker, Jr. to the board of directors of MPLX GP LLC, effective immediately. Walker brings extensive experience in the oil and gas industry, particularly in the Marcellus and Utica basins.

Walker previously served as COO of Encino Energy until its acquisition by EOG Resources, and held executive positions at Range Resources Corporation, including Executive VP and COO. He currently serves on the board of Solaris Energy Infrastructure and holds a BS in Agricultural Engineering from Texas A&M University.

MPLX LP (NYSE: MPLX) has successfully priced a $4.5 billion senior notes offering consisting of multiple tranches with varying maturities and interest rates. The offering includes $1.25 billion of 4.800% notes due 2031, $750 million of 5.000% notes due 2033, $1.5 billion of 5.400% notes due 2035, and $1.0 billion of 6.200% notes due 2055.

The proceeds will partially fund the pending Northwind Delaware Holdings acquisition and support the recently completed acquisition of the remaining 55% interest in BANGL, LLC. The remaining funds will be used for general partnership purposes. The offering is expected to close on August 11, 2025, with six major financial institutions serving as joint book-running managers.

MPLX LP (NYSE:MPLX) reported strong Q2 2025 financial results, highlighted by a $2.375 billion acquisition of Northwind Midstream to enhance its Permian natural gas operations. The company achieved net income of $1.048 billion and adjusted EBITDA of $1.69 billion, with net cash from operations of $1.736 billion.

Key financial metrics include distributable cash flow of $1.42 billion and a quarterly distribution of $0.9565 per unit with 1.5x coverage. The company maintains a solid leverage ratio of 3.1x and announced a new $1.0 billion unit repurchase authorization. Segment performance showed growth in Crude Oil and Products Logistics, while Natural Gas and NGL Services remained stable.

MPLX is advancing several strategic projects, including the Secretariat processing plant, BANGL Pipeline expansion, and new Gulf Coast fractionation facilities, positioning for continued growth through 2029.