BofA Securities resumed coverage on MPLX LP with a new price target
$MPLX
Natural Gas Distribution
Energy
BofA Securities resumed coverage of MPLX LP with a rating of Underperform and set a new price target of $43.00
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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 |
I Squared Capital, a leading independent global infrastructure investment manager, together with MPLX LP (NYSE:MPLX), and Enbridge Inc. (NYSE:ENB), today announced that it has agreed to acquire a significant equity interest in the Matterhorn Express Pipeline (MXP), a 2.5 billion cubic feet per day (Bcf/d) natural gas pipeline connecting the Permian Basin to key Texas demand centers and U.S. Gulf Coast LNG export terminals. "This investment exemplifies our strategy of acquiring critical infrastructure assets that support the major re-industrialization themes we see in the U.S. economy today," said Gautam Bhandari, Global Chief Investment Officer and Managing Partner of I Squared Capital. "T
AUSTIN, Texas, May 6, 2025 /PRNewswire/ -- I Squared, MPLX LP (NYSE:MPLX), and Enbridge Inc. (NYSE:ENB) jointly announce they have entered into a definitive agreement to acquire equity interests in the Matterhorn Express Pipeline from Ridgemont Equity Partners and Devon Energy Corp. (NYSE:DVN). Following the close of the transaction, WhiteWater, MPLX and Enbridge will own 65%, 10% and 10% of the Matterhorn Express Pipeline, respectively. WhiteWater's equity interest in the Matterhorn Express Pipeline will be jointly backed by FIC and I Squared, and WhiteWater will continue to
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
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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
AUSTIN, Texas, April 3, 2025 /PRNewswire/ -- WhiteWater today announced that WhiteWater, MPLX LP (NYSE:MPLX), and Enbridge Inc. (NYSE:ENB), through the WPC joint venture ("WPC"), have partnered with an affiliate of Targa Resources Corp. (NYSE:TRGP) and have reached final investment decision to move forward with the construction of the Traverse Pipeline, having secured sufficient firm transportation agreements with investment grade shippers. The bi-directional Traverse Pipeline is designed to transport up to 1.75 billion cubic feet per day (Bcf/d) of natural gas through approxi
FINDLAY, Ohio, March 10, 2025 /PRNewswire/ -- MPLX LP (NYSE:MPLX) will host a conference call on Tuesday, May 6, 2025, at 9:30 a.m. EDT to discuss 2025 first-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 provides
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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
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
10-Q - MPLX LP (0001552000) (Filer)
8-K - MPLX LP (0001552000) (Filer)
8-K - MPLX LP (0001552000) (Filer)