MPLX Stock Recent News

MPLX is set to sell its Rockies gathering and processing assets for $1B to sharpen its focus on the core Marcellus and Permian basins.

@MatthewDiLallo Matt DiLallo has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned.

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I have followed MPLX (MPLX -1.44%) for several years and have never been more intrigued by the master limited partnership (MLP) than I am now. While its high-yield distribution, which currently sits at over 7.5%, has always been attractive, the midstream company's improving growth profile has added to my excitement.

HOUSTON , Aug. 27, 2025 /PRNewswire/ -- Harvest Midstream ("Harvest") today announced the signing of a purchase and sale agreement with MPLX LP (NYSE: MPLX) for the acquisition of an extensive natural gas gathering and processing network in the Uinta and Green River basins across Wyoming, Utah, and Colorado for $1 billion. The transaction is expected to close in the fourth quarter of 2025 and marks a significant milestone in Harvest's continued evolution into one of the nation's leading privately held midstream companies.

FINDLAY, Ohio , Aug. 27, 2025 /PRNewswire/ -- MPLX LP (NYSE: MPLX) today announced it has entered into a definitive agreement to divest its Rockies gathering and processing assets to a subsidiary of Harvest Midstream for $1.0 billion in cash consideration, subject to customary purchase price adjustments. Harvest has contractually agreed to dedicate approximately 12 thousand barrels per day of NGLs from these assets to MPLX for a period of seven years commencing in 2028, following the expiration of a pre-existing commitment.

Harvest Midstream, owned by the founder of privately-held Hilcorp Energy, has agreed a deal to acquire around $1 billion of natural gas gathering and processing assets from MPLX , people familiar with the matter said.

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A joint venture (JV) between ONEOK (OKE -0.45%), Enbridge (ENB -0.77%), MPLX (MPLX -0.87%), and privately held WhiteWater is moving ahead with a new natural gas pipeline. The 450-mile Eiger Express Pipeline will transport up to 2.5 million cubic feet per day of natural gas from the Permian Basin in West Texas to the Katy area near Houston.