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MPLX LP Announces Agreement to Acquire Remaining 55% Interest in BANGL, LLC, Advancing NGL Wellhead to Water Strategy
Prnewswireยท 2025-02-28 11:55
Core Viewpoint - MPLX LP has signed a definitive agreement to acquire the remaining 55% interest in BANGL, LLC for $715 million, which is expected to enhance its growth platform and generate mid-teen returns for the partnership [1][2]. Transaction Details - The acquisition is expected to close in July 2025, subject to customary closing conditions, including antitrust clearance [3]. - Upon closing, the BANGL Pipeline will be fully owned by MPLX and consolidated into its financial results [3]. BANGL Pipeline Overview - The BANGL pipeline system currently transports up to 250 thousand barrels per day of natural gas liquids from the Permian basin to Gulf Coast fractionation markets, with an expansion planned to increase capacity to 300 thousand barrels per day by the second half of 2026 [4]. - The pipeline will facilitate the transportation of liquids to MPLX's Gulf Coast fractionation complex, which is expected to be operational in 2028 [4]. Company Background - MPLX LP is a diversified, large-cap master limited partnership that operates midstream energy infrastructure and logistics assets, including a network of pipelines, storage facilities, and processing plants [5].
Kinetik (KNTK) - 2024 Q4 - Earnings Call Transcript
2025-02-27 15:00
Kinetik (KNTK) Q4 2024 Earnings Call February 27, 2025 09:00 AM ET Company Participants Alex Durkee - Head of IRJamie Welch - President & CEOTrevor Howard - Senior VP & CFOSpiro Dounis - DirectorKris Kindrick - Senior Vice President, CommercialMichael Blum - Managing DirectorKeith Stanley - DirectorJohn Mackay - VP - Equity ResearchGabriel Moreen - Managing Director Conference Call Participants Jeremy Tonet - ED - Equity Research AnalystNeel Mitra - AnalystTheresa Chen - Senior Analyst Operator Good morning ...
Delek Logistics(DKL) - 2024 Q4 - Earnings Call Transcript
2025-02-25 18:32
Delek Logistics Partners (DKL) Q4 2024 Earnings Call February 25, 2025 12:30 PM ET Company Participants Robert Wright - SVP & Deputy CFOAvigal Soreq - President and CEOMark Hobbs - EVP & CFOReuven Spiegel - EVP - Special ProjectsNeal Dingmann - Managing Director - Energy Research Conference Call Participants Doug Irwin - Equity Research Analyst Operator Thank you for standing by. My name is Jaylen, and I will be your conference operator today. At this time, I would like to welcome everyone to the DKL Fourth ...
Targa(TRGP) - 2024 Q4 - Earnings Call Transcript
2025-02-20 17:53
Targa Resources Corp. (NYSE:TRGP) Q4 2024 Earnings Conference Call February 20, 2025 11:00 AM ET Company Participants Tristan Richardson - Vice President, Investor Relations & Fundamentals Matt Meloy - Chief Executive Officer & Director Jen Kneale - President of Finance & Administration Will Byers - Executive Vice President & Chief Financial Officer Scott Pryor - President of Logistics & Transportation Pat McDonie - President of Gathering & Processing Bobby Muraro - Chief Commercial Officer Conference Call ...
MPLX(MPLX) - 2024 Q4 - Earnings Call Transcript
2025-02-04 15:30
MPLX (MPLX) Q4 2024 Earnings Call February 04, 2025 09:30 AM ET Company Participants Kristina Kazarian - Vice President of Finance & Investor Relations - MPLX GP LLCMaryann Mannen - President, CEO & Director of MPLX GP LLCKristopher Hagedorn - EVP & CFOJohn Mackay - VP - Equity ResearchDavid Heppner - Senior Vice President of MPLX GP LLCManav Gupta - Executive DirectorGregory Floerke - Executive VP & COOTheresa Chen - MD - Equity ResearchKeith Stanley - DirectorMichael Blum - Managing DirectorShawn Lyon - S ...
Hess Midstream LP(HESM) - 2024 Q4 - Earnings Call Transcript
2025-01-29 18:00
Hess Midstream (HESM) Q4 2024 Earnings Call January 29, 2025 12:00 PM ET Company Participants Jennifer Gordon - Vice President, IRJohn Gatling - President & COOJonathan Stein - CFONaomi Marfatia - Associate Director - Equity ResearchNoah Katz - Equity Research Associate Conference Call Participants Doug Irwin - Equity Research AnalystJackie Koletas - Equity Research Analyst Operator Good day, ladies and gentlemen, and welcome to the 4th Quarter 2024 Hess Midstream Conference Call. My name is Gigi, and I'll ...