MPLX Outlines $2.4B Growth Plan and M&A Strategy for Gas and NGLs

MPLX has outlined a $2.4b organic growth capital plan for 2026, focusing on expanding natural gas and NGL value chains in the Permian and Marcellus basins. The company aims to maintain its capital discipline framework and has signaled interest in acquisitions that fit its existing asset base. MPLX's units trade at $55.59, with a long run of positive returns, including 9.6% over the past year and 256.6% over the past five years.