What is MPLX's recent acquisition?

MPLX recently agreed to acquire Northwind Midstream, a natural gas gathering, treating, and processing company in New Mexico, for $2.4 billion.

How will the Northwind Midstream acquisition benefit MPLX?

The Northwind acquisition will provide an immediate boost to MPLX's cash flow, which is expected to continue growing as Northwind completes its expansion projects. This will further strengthen MPLX's ability to maintain and increase its high-yielding distribution.

What other growth initiatives has MPLX undertaken in 2025?

In addition to the Northwind acquisition, MPLX has approved several new expansion projects and made three smaller bolt-on acquisitions earlier this year. These investments are expected to help grow MPLX's cash flow at a healthy rate through the end of the decade.

Home / Business and Economy / MPLX Secures Midstream Expansion with $2.4B Northwind Acquisition

MPLX Secures Midstream Expansion with $2.4B Northwind Acquisition

28 Aug

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Summary

MPLX has projects in backlog to boost earnings through 2025
Acquired 3 smaller companies this year to enhance income
Agreed to buy Northwind Midstream, expanding gas processing

MPLX Secures Midstream Expansion with $2.4B Northwind Acquisition

As of August 2025, MPLX has a robust pipeline of projects that are expected to come online by the end of the decade. This extended growth profile has strengthened the company's ability to grow earnings at a mid-single-digit annual rate, which should in turn support continued distribution growth.

MPLX's strong financial position has enabled it to approve new growth initiatives and capitalize on acquisition opportunities. Earlier this year, the company made three smaller bolt-on acquisitions, providing incremental sources of growing income and further enhancing its distribution capabilities.

Most significantly, MPLX recently agreed to acquire Northwind Midstream for $2.4 billion. Northwind operates natural gas gathering, treating, and processing assets in New Mexico, including over 200 miles of pipelines, two acid gas injection wells, and 150 MMcf/d of processing capacity. Northwind is also expanding its processing capacity to 440 MMcf/d by the second half of 2026. This acquisition will provide an immediate boost to MPLX's cash flow, which is expected to continue growing as Northwind's expansion projects are completed.

The Northwind deal and MPLX's other strategic investments have significantly strengthened the company's growth profile and distribution capabilities. MPLX is well-positioned to maintain and increase its high-yielding distribution in the coming years, making it an attractive investment option for those seeking a growing stream of passive income.

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