Truist resumed coverage of MPLX LP with a rating of Buy and set a new price target of $37.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/17/2024 | $43.00 | Underperform | BofA Securities |
| 10/6/2023 | $40.00 | Buy | Goldman |
| 3/14/2023 | $37.00 → $41.00 | Neutral → Overweight | JP Morgan |
| 1/9/2023 | $36.00 | Peer Perform → Outperform | Wolfe Research |
| 12/9/2022 | $33.50 | Neutral | Citigroup |
| 9/29/2022 | $34.00 | Buy → Underperform | BofA Securities |
| 5/2/2022 | $37.00 | Buy | Truist |
| 2/3/2022 | $35.00 → $37.00 | Outperform | Raymond James |
4 - MPLX LP (0001552000) (Issuer)
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. "This acquisition is the beginning of the next chapter of
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. "Evaluating the competitive positioning of our portfolio is a strategic commitment," said Maryann Mannen, MPLX president and chief executive officer. "The divestiture of t
Eiger Express Pipeline to Provide Natural Gas Transportation Solution for Growing Permian Basin Production TULSA, Okla., Aug. 25, 2025 /PRNewswire/ -- ONEOK, Inc. (NYSE:OKE), WhiteWater, MPLX LP (NYSE:MPLX) and Enbridge Inc. (NYSE:ENB), through the existing Matterhorn joint venture (Matterhorn JV), announced a new natural gas pipeline to transport growing natural gas production from the Permian Basin to the Gulf Coast region. The approximately 450-mile, 42-inch Eiger Express Pipeline is designed to transport up to approximately 2.5 billion cubic feet per day (Bcf/d) of natural gas from the Permian Basin in West Texas to the Katy area near Houston, Texas, and holds reserved capacity for deliv
8-K - MPLX LP (0001552000) (Filer)
BofA Securities resumed coverage of MPLX LP with a rating of Underperform and set a new price target of $43.00
Goldman resumed coverage of MPLX LP with a rating of Buy and set a new price target of $40.00
JP Morgan upgraded MPLX LP from Neutral to Overweight and set a new price target of $41.00 from $37.00 previously
3 - MPLX LP (0001552000) (Issuer)
4 - MPLX LP (0001552000) (Issuer)
4 - MPLX LP (0001552000) (Issuer)
SC 13D/A - MPLX LP (0001552000) (Subject)
SC 13G/A - MPLX LP (0001552000) (Subject)
SC 13G/A - MPLX LP (0001552000) (Subject)
Maryann Mannen elected President and CEOMike Hennigan to transition to Executive Chairman of the Board of DirectorsFINDLAY, Ohio, May 13, 2024 /PRNewswire/ -- MPLX LP (NYSE:MPLX) today announced its leadership transition plan, effective August 1, 2024. At that time, Maryann T. Mannen, President of Marathon Petroleum Corporation (NYSE:MPC), will succeed Michael J. Hennigan as President and Chief Executive Officer of MPLX GP LLC, the general partner of MPLX. Mannen will continue to serve on the Board of Directors of the general partner of MPLX, and Hennigan will assume the role of Executive Chairman of the Board. Christopher A. Helms will continue as the Board's independent Lead Director. Hen
AUSTIN, Texas, March 26, 2024 /PRNewswire/ -- WhiteWater, I Squared, MPLX LP (NYSE:MPLX), and Enbridge Inc. (TSX:ENB) (NYSE:ENB) jointly announce they have entered into a definitive agreement to strategically combine the Whistler Pipeline and Rio Bravo Pipeline project in a newly formed joint venture. Enbridge will contribute its wholly-owned Rio Bravo Pipeline project and cash in exchange for an ownership stake in the newly formed joint venture. Following the closing of the transaction, the ownership in the joint venture will be WhiteWater/I Squared (50.6%), MPLX (30.4%), and
FINDLAY, Ohio, Aug. 5, 2025 /PRNewswire/ -- Announced Northwind Midstream acquisition for $2.375 billion enhances Permian Natural Gas and NGL value chain and accelerates future growth opportunitiesSecond-quarter net income attributable to MPLX of $1.0 billion and net cash provided by operating activities of $1.7 billionAdjusted EBITDA attributable to MPLX of $1.7 billion, reflecting execution of value chain growth strategyDistributable cash flow of $1.4 billion, enabling the return of $1.1 billion of capitalMPLX LP (NYSE:MPLX) today reported second-quarter 2025 net income attributable to MPLX of $1,048 million, compared with $1,176 million for the second quarter of 2024. For the first half
FINDLAY, Ohio, June 5, 2025 /PRNewswire/ -- MPLX LP (NYSE:MPLX) will host a conference call on Tuesday, August 5, 2025, at 9:30 a.m. EDT to discuss 2025 second-quarter financial results. Interested parties may listen to the conference call by visiting MPLX's website at www.mplx.com. A replay of the webcast will be available on MPLX's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.mplx.com. About MPLX LP MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets and provid
FINDLAY, Ohio, May 6, 2025 /PRNewswire/ -- Executing Natural Gas & NGL growth strategy with agreement to acquire 100% ownership in BANGL, LLC and FID of the Traverse natural gas pipelineFirst-quarter net income attributable to MPLX of $1.1 billion and net cash provided by operating activities of $1.2 billionAdjusted EBITDA attributable to MPLX of $1.8 billion, reflecting execution of value chain growth strategyDistributable cash flow of $1.5 billion, enabling the return of $1.1 billion of capitalMPLX LP (NYSE:MPLX) today reported first-quarter 2025 net income attributable to MPLX of $1,126 million, compared with $1,005 million for the first quarter of 2024. Adjusted earnings before interest