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MPLX LP to Acquire Northwind Midstream, Enhancing Permian Natural Gas and NGL Value Chains
MPLXMPLX(US:MPLX) Prnewswire·2025-07-31 19:30

FINDLAY, Ohio, July 31, 2025 /PRNewswire/ -- MPLX LP (NYSE: MPLX) today announced it has entered into a definitive agreement to acquire Northwind Delaware Holdings LLC (Northwind Midstream) for $2.375 billion in cash consideration, subject to customary purchase price adjustments. MPLX intends to finance the acquisition with debt. The transaction is expected to be immediately accretive to distributable cash flow and represents a 7x multiple on forecast 2027 EBITDA. The anticipated mid-teen unlevered return i ...