MPLX Stock Recent News

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FINDLAY, Ohio , March 3, 2025 /PRNewswire/ -- MPLX LP (NYSE: MPLX) announced today that it has priced $2.0 billion in aggregate principal amount of unsecured senior notes in an underwritten public offering consisting of $1.0 billion aggregate principal amount of 5.400% senior notes due 2035 and $1.0 billion aggregate principal amount of 5.950% senior notes due 2055. MPLX intends to use the net proceeds from this offering to (i) repay, redeem or otherwise retire some or all of MPLX's outstanding $1,189 million aggregate principal amount of 4.875% senior notes due June 2025, (ii) repay, redeem or otherwise retire some or all of MarkWest's outstanding $11 million aggregate principal amount of 4.875% senior notes due June 2025 and (iii) for general partnership purposes.

MPLX LP states that the acquisition of the remaining 55% stake in BANGL should be immediately accretive to key financial metrics. The move is expected to generate strong returns for the partnership.

AMLP: Investors Can Feast On The Energy Revolution With A Dividend Exceeding 7%

MPLX (MPLX 3.20%) is a high-octane income investment. The master limited partnership (MLP) pays a prodigious cash distribution that currently yields 7.3%.

This article is part of our monthly series where we highlight five large-cap, relatively safe, dividend-paying companies offering significant discounts to their historical norms. We go over our filtering process to select just five conservative DGI stocks from more than 7,500 companies that are traded on U.S. exchanges, including OTC networks. In addition to the primary list that yields about 3.63%, we present two other groups of five DGI stocks each, from moderate to high yields of up to 8%.

Midstream company MPLX said on Friday it would buy the remaining 55% interest in the BANGL natural gas pipeline from affiliates of WhiteWater and Diamondback Energy for $715 million.

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FINDLAY, Ohio , Feb. 28, 2025 /PRNewswire/ -- MPLX LP (NYSE: MPLX) today announced it has signed a definitive agreement with affiliates of WhiteWater and Diamondback Energy to acquire the remaining 55% interest in BANGL, LLC for $715 million. Additionally, upon achievement of specific financial performance metrics, MPLX would make earnout payments up to a specified cap.

FINDLAY, Ohio , Feb. 27, 2025 /PRNewswire/ -- MPLX LP (NYSE: MPLX) today filed with the U.S. Securities and Exchange Commission its Annual Report on Form 10-K for the year ended Dec. 31, 2024. The filing can be viewed through a link on MPLX's website at http://www.mplx.com by selecting the "SEC Filings" link under the "Investors" tab.