MPLX to sell Minnesota, North Dakota midstream assets to CVR Energy for $750 million

Bitget2026/11/03 11:31

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MPLX will sell refinery-related midstream assets in Minnesota and North Dakota to CVR Energy for $750 million.
The broader $4.2 billion transaction includes Marathon Petroleum’s St. Paul Park and Mandan refineries, with inventory value additional and purchase price adjustments applicable.
Marathon Petroleum will receive $3.45 billion for the refining assets, excluding inventory.
The midstream sale represents nine times forecast 2027 EBITDA and covers pipeline interests, storage capacity and three terminals.
Closing is expected at the end of 2026, subject to customary conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MPLX LP published the original content used to generate this news brief via PR Newswire (Ref. ID: 202611030630PR_NEWS_USPR_____CL87368) on November 03, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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MPLX to sell Minnesota, North Dakota midstream assets to CVR Energy for $750 million

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