Mplx Lp Stock Price, News & Analysis

MPLX LP (NYSE: MPLX) has announced it will release its 2025 first-quarter financial results on Tuesday, May 6, 2025. The company will host a conference call at 9:30 a.m. EDT on the same day to discuss the quarterly performance.

Investors and interested parties can access the conference call through MPLX's website. The earnings release and related investor materials will be available online before the call. A replay of the webcast will remain accessible on the company's website for two weeks following the event.

MPLX LP (NYSE: MPLX) has announced pricing of a $2.0 billion senior notes offering, consisting of two tranches: $1.0 billion of 5.400% senior notes due 2035 and $1.0 billion of 5.950% senior notes due 2055.

The proceeds will be used to:

• Repay or retire $1,189 million of 4.875% senior notes due June 2025
• Repay or retire MarkWest's $11 million of 4.875% senior notes due June 2025
• General partnership purposes

The offering is expected to close on March 10, 2025, with BofA Securities, Barclays Capital, and J.P. Morgan Securities acting as joint book-running managers.

MPLX LP (NYSE: MPLX) has announced a definitive agreement to acquire the remaining 55% interest in BANGL, for $715 million from WhiteWater and Diamondback Energy affiliates. The transaction includes potential additional earnout payments based on specific financial performance metrics.

The acquisition, expected to close in July 2025, will be immediately accretive and is projected to generate mid-teen returns for the partnership. Upon completion, the BANGL Pipeline will become a wholly owned asset of MPLX, consolidated in their financial results.

This strategic move enhances MPLX's growth platform by connecting growing NGL production from the Permian basin to their recently announced Gulf Coast fractionation complex. The deal remains subject to customary closing conditions, including Hart-Scott-Rodino Antitrust Improvements Act clearance.

MPLX LP (NYSE: MPLX) has announced the filing of its Annual Report on Form 10-K with the U.S. Securities and Exchange Commission for the fiscal year ended December 31, 2024. The report is accessible through the company's website at mplx.com under the 'Investors' tab in the 'SEC Filings' section.

Unitholders can request a complimentary hard copy of the Annual Report, including complete audited financial statements, by submitting a written request to MPLX's Investor Relations department at their Findlay, Ohio headquarters.

ONEOK (NYSE: OKE) and MPLX LP have announced joint ventures to build a new 400,000-barrel per day LPG export terminal in Texas City and a 24-inch pipeline from Mont Belvieu to the terminal. The export terminal joint venture, Texas City Logistics (TCX), is equally owned by both companies, with MPLX handling construction and operations. The facility is expected to be completed in early 2028 with a total investment of $1.4 billion split equally.

The pipeline joint venture, MBTC Pipeline , is owned 80% by ONEOK and 20% by MPLX, with ONEOK managing construction and operations. The total pipeline investment is $350 million. ONEOK's total share of capital investment for both projects is approximately $1.0 billion. The terminal will primarily handle low ethane propane and normal butane, with each company reserving 200,000-bpd capacity for their customers.

MPLX LP reported strong financial results for full-year 2024, with net income of $4.3 billion and adjusted EBITDA of $6.8 billion, representing increases of 10% and 8% year-over-year, respectively. The company returned $3.9 billion to unitholders through distributions and unit repurchases.

Key operational highlights include increased pipeline throughputs of 5.9 million barrels per day and terminal throughput of 3.1 million bpd. The company announced significant expansion plans including a new Gulf Coast fractionation complex with two 150,000 bpd facilities and a strategic partnership with ONEOK for a 400,000 bpd LPG export terminal.

For 2025, MPLX outlined a $2.0 billion capital spending plan, with $1.45 billion allocated to Natural Gas and NGL Services growth. The company maintained a strong financial position with $1.5 billion in cash and a leverage ratio of 3.1x.

MPLX LP (NYSE: MPLX) has announced its quarterly cash distribution for Q4 2024. The company will distribute $0.9565 per common unit, equivalent to $3.826 on an annualized basis. The distribution is scheduled for payment on February 14, 2025, to unitholders of record as of February 3, 2025.

The announcement includes a qualified tax notice for brokers and nominees holding MPLX units for non-U.S. investors. The notice specifies that 100% of distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate, being treated as income effectively connected with U.S. trade or business.

MPLX LP (NYSE: MPLX) has announced it will host a conference call on Tuesday, February 4, 2025, at 9:30 a.m. EST to discuss its fourth-quarter and full-year 2024 financial results. The conference call will be accessible through the company's website at www.mplx.com, where interested parties can also find the earnings release and other investor-related materials. A replay of the webcast will remain available on the website for two weeks following the call.

MPLX LP reported strong third-quarter 2024 financial results with net income of $1.0 billion, up from $918 million in Q3 2023. The company achieved adjusted EBITDA of $1.7 billion and distributable cash flow of $1.4 billion. Notable highlights include a 12.5% increase in quarterly distribution to $3.83 per unit annualized and $949 million returned to unitholders. The company saw growth in both segments, with Logistics & Storage EBITDA at $1.2 billion and Gathering & Processing EBITDA at $557 million. Pipeline throughputs reached 6.0 million bpd, while processed volumes increased 9% to 9.8 bcf/d.