UPDATE 1-Summit Midstream Partners to sell Utica assets to MPLX for $625 mln [Yahoo! Finance]
MPLX LP Common Units Representing Limited Partner Interests (MPLX)
Last mplx lp common units representing limited partner interests earnings: 1/29 06:30 am
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Source: Yahoo! Finance
Utica assets to a unit of midstream energy company MPLX LP for about $625 million in cash. The Marcellus and Utica shale, spread across Pennsylvania, West Virginia and Ohio, are among the regions where U.S. drillers have been cutting the number of gas rigs operating over the last year, according to data from energy service firm Baker Hughes. The U.S. oil and gas rig count dropped because of a decline in oil and gas prices, higher drilling costs and as companies focused more on paying down debt and boosting shareholder returns rather than increasing output. Summit Midstream, shares of which jumped about 16% before the bell, said the assets comprise the Summit Utica natural gas gathering system in southeastern Ohio and its equity interests in Ohio Gathering and Ohio Condensate. "We believe there are several value optimizing strategies to pursue to further build scale, particularly in our Permian and Rockies segments," the company said. MPLX is a limited partnership formed by M
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MPLX
News
- MPLX LP (MPLX) Advances But Underperforms Market: Key Facts [Yahoo! Finance]Yahoo! Finance
- MPLX Set to Report Q1 Earnings: Is a Beat in the Offing? [Yahoo! Finance]Yahoo! Finance
- MPLX LP (MPLX) Gains But Lags Market: What You Should Know [Yahoo! Finance]Yahoo! Finance
- MPLX LP Announces Quarterly DistributionPR Newswire
- New to Investing? This 1 Oils and Energy Stock Could Be the Perfect Starting Point [Yahoo! Finance]Yahoo! Finance
MPLX
Earnings
- 1/30/24 - Beat
MPLX
Sec Filings
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- MPLX's page on the SEC website