Mplx LP is a prominent energy infrastructure company that specializes in the transportation, storage, and logistics of natural gas and natural gas liquids
With a focus on increasing efficiency and reliability in the energy supply chain, the company operates an extensive network of pipelines and facilities designed to facilitate the movement of energy resources across various regions. Mplx also engages in the processing of natural gas, playing a critical role in ensuring the availability of energy for consumers and businesses. Through its operations, the company aims to support the growing demand for energy while maintaining a commitment to safety and environmental stewardship.
Retirement should be a time of financial peace, not stress; yet, for many soon-to-be retirees, the transition from wealth accumulation to income generation can be challenging.
MPLX LP to acquire remaining 55% interest in BANGL, LLC for $715 million and may make additional payments based on financial targets. Transaction expected to close in July 2025 and will improve growth platform.
Passive income stocks help you build rising income for retirement and/or financial freedom. Passive income stocks are meant to be purchased once and never sold.
U.S. stocks advanced midday Tuesday, demonstrating resilience despite escalating geopolitical tensions and trade uncertainties between the world’s two largest economies.
Marathon Petroleum reported Q4 results with higher revenues, adjusted EBITDA, and EPS exceeding consensus. It also announced dividends and share buybacks for shareholders.
Recently, WTI crude oil has been trading at more than $70 per barrel. This highlights the inherent exposure of most energy companies to extreme volatility in commodity prices. Therefore, it may be prudent to keep an eye on these midstream stocks.
