Ozark Pipeline Expansion: Upside For MPLX And Marathon Petroleum [Seeking Alpha]
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: Seeking Alpha
Summary During the first quarter of 2017, MPLX LP ( MPLX ) agreed to pay Enbridge Inc. ( ENB ) $220 million for the Ozark Pipeline (ultimate figure paid was $219 million due to closing adjustments). The Ozark Pipeline carries crude from the Cushing, Oklahoma oil hub to Patoka, Illinois, another oil hub with growing importance. More importantly, supplies running along the Ozark Pipeline can service Marathon Petroleum Corporation's ( MPC ) various refineries in the Midwest and in Kentucky. Let's dig in. Overview For starters, MPLX LP's purchase of the Ozark Pipeline officially closed on March 1, 2018. Enbridge Pipelines had already secured enough firm commitments to expand the Ozark Pipeline system's capacity from 230,000 bpd to 345,000 bpd, which made the asset more appealing to MPLX. Readers should note MPLX LP is going a step further and will further boost the capacity of the Ozark Pipeline by 15,000 bpd (up to 360,000 bpd). The first expansion has already been comple
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MPLX
News
- MPLX: Upside Getting Squeezed But Still A Strong Income Play Yielding 8.32% [Seeking Alpha]Seeking Alpha
- Enbridge to Enter into JV Connecting Permian Basin Natural Gas Supply to Growing LNG and USGC Demand [Yahoo! Finance]Yahoo! Finance
- What Makes MPLX LP (MPLX) a New Buy Stock [Yahoo! Finance]Yahoo! Finance
- Summit Midstream Partners to sell Utica assets to MPLX for $625 mln [Reuters]Reuters
- UPDATE 1-Summit Midstream Partners to sell Utica assets to MPLX for $625 mln [Yahoo! Finance]Yahoo! Finance
MPLX
Earnings
- 1/30/24 - Beat
MPLX
Sec Filings
- 3/5/24 - Form 4
- 3/5/24 - Form 4
- 3/5/24 - Form 4
- MPLX's page on the SEC website