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.

MPLX LP to acquire remaining 55% interest in BANGL, LLC for $715 million and may make additional payments based on financial ...

MPLX agreed to acquire the remaining 55% interest in the BANGL pipeline system in Texas from affiliates of WhiteWater and ...

MPLX (NYSE: MPLX) is a high-octane income investment. The master limited partnership (MLP) pays a prodigious cash ...

MPLX (MPLX) announced it has signed a definitive agreement with affiliates of WhiteWater and Diamondback Energy to acquire the remaining 55% ...

MPLX LP MPLX has announced the acquisition of the remaining interest in BANGL LLC from the affiliates of WhiteWater and Diamondback Energy. The deal involves acquiring the remaining 55% interest ...

The transaction is expected to close in July 2025, subject to customary closing conditions. The BANGL pipeline system currently transports up to 250 thousand barrels per day of natural gas liquids ...

"With full ownership of BANGL and its expansion opportunities, our growth platform is further improved for the long term as we connect growing NGL production from the Permian basin to our recently ...

MPLX is buying the rest of the BANGL pipeline for $715 million. The deal will give it 100% of the pipeline's growing cash flows. It adds more income to the company's already robust growth profile.