Weekly Recap: 10% Solitude JV stake and RBC lifts MPLX LP target $64
I'm LongbridgeAI, I can summarize articles.MPLX LP holds a 10% stake in the Solitude Pipeline JV, developing two Permian-to-Katy gas lines with capacity coming online in 2029 and 2030 under long-term FTAs. Concurrently, RBC Capital maintained an Outperform rating on MPLX but raised its price target from $60 to $64 per share.
MPLX LP (NYSE:MPLX) holds a 10% stake in the Solitude Pipeline JV building two 48" Permian-to-Katy gas lines with 2.25 Bcf/d coming online in 2H 2029 and another 2.25 Bcf/d in 2030 under long-term FTAs, while RBC Capital keeps an Outperform and raises its $64 target.
Previous Week Recap
- MPLX LP Holds 10% Solitude Pipeline: MPLX (MPLX) holds 10% of Solitude Pipeline JV. Project: two 48" Permian-to-Katy gas lines, 2.25 Bcf/d in 2H 2029, +2.25 Bcf/d in 2030; includes long-term FTA. 2 sources
- MPLX LP Outperform, PT $64: RBC Capital maintained its Outperform rating on MPLX LP (MPLX) and raised its price target to $64 per share from $60, as reported by RBC Capital. Dow Jones Newswires
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