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Five Point Infrastructure Announces the Sale of Northwind Midstream to MPLX LP

1. MPLX to acquire Northwind for $2.375 billion, enhancing service capabilities. 2. Northwind specializes in sour gas gathering, critical for New Mexico's energy sector.

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Why Bullish?

The acquisition supports MPLX's growth strategy and service expansion, similar to past successful acquisitions that resulted in positive stock performance.

How important is it?

The significant cash acquisition increases MPLX's capabilities and foothold in a critical market, likely leading to stronger future cash flows.

Why Long Term?

Enhancements in operations and market positioning will take time to fully reflect in MPLX's stock, similar to previous acquisitions showing benefits over multiple quarters.

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XOMEQTCHKVLOKMI
HOUSTON--(BUSINESS WIRE)--Five Point Infrastructure LLC (“Five Point”) today announced that it has entered into a definitive agreement to sell Northwind Delaware Holdings LLC (“Northwind” or the “Company”) to MPLX LP (“MPLX”) for $2.375 billion in cash consideration, subject to customary purchase price adjustments. Founded by Five Point in 2022, Northwind provides sour gas gathering, treating, and processing services in Lea County, New Mexico. The Company is solving a highly critical issue in t.

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