MPLX Acquires Gathering Businesses of Whiptail Midstream and Partners with Enbridge to Purchase Stakes in Matterhorn Express Pipeline.

MPLX LP is in talks with Five Point to acquire Northwind Midstream Partners. MPLX also completed the acquisition of Gathering Businesses of Whiptail Midstream for $237 million and agreed to acquire a majority stake in Matterhorn Express Pipeline from Ridgemont Partners and Devon Energy. The pipeline's value is estimated at $5 billion. MPLX reported Q1 earnings, revenue increase, and expects minimal tariff impact.