MPC · 8-K · 20260804PR000060

MPLX Natural Gas NGL Expansion

Marathon Petroleum Corp · 2026-08-04 · Importance 31 · Surprise 42 · In source text

MPLX plans to direct more than 90% of organic growth capital toward natural-gas and NGL infrastructure needs in the Permian and Marcellus basins. Secretariat I, a 200 MMcf/d Delaware Basin gas-processing plant, entered service in April 2026. Harmon Creek III is scheduled to begin operations in August 2026 with 300 MMcf/d of gas-processing capacity and a 40 thousand-barrel-per-day de-ethanizer. The Gulf Coast Fractionators project includes two 150 thousand-barrel-per-day facilities, and the Gulf Coast LPG Export Terminal JV includes a 400 thousand-barrel-per-day terminal with MPLX owning 50%.

Key facts

Impact estimates

metricdirectionstageexpectedbasis
assetspositivecommitted—MPLX is increasing its 2026 growth capital spending outlook by $500 million, to $2.9 billion
cashnegativecommitted—MPLX is increasing its 2026 growth capital spending outlook by $500 million, to $2.9 billion
revenuepositiveprobable—Harmon Creek III: 300 MMcf/d gas processing plant and 40 mbpd de-ethanizer in the Marcellus, 100% MPLX ownership, beginning operations in…
revenuepositiveprobable—Titan Complex increasing sour gas treating capacity from 150 MMcf/d to over 400 MMcf/d in the Delaware Basin, 100% MPLX ownership,…
revenuepositiveprobable—BANGL Pipeline expanding NGL pipeline from 250 mbpd to 300 mbpd, 100% MPLX ownership, expected in-service 4Q26
revenuepositiveprobable—Blackcomb Pipeline: 2.5 Bcf/d pipeline connecting Permian supply to Agua Dulce, Texas, 34% MPLX ownership, expected in-service 4Q26; began…
revenuepositiveprobable—Marcellus Gathering System Expansion supports producer activity near MPLX’s Majorsville gas processing complex, 100% MPLX ownership,…
revenuepositiveprobable—Eiger Express Pipeline: 3.7 Bcf/d pipeline connecting Permian supply to Katy, Texas, 22% MPLX ownership, expected in-service mid-2028
revenuepositiveprobable—Secretariat II: 300 MMcf/d gas processing plant in the Delaware Basin, 100% MPLX ownership, expected in-service 2H28
assetspositiveprobable—MPLX plans to invest over 90% of organic growth capital toward opportunities to meet growing natural gas and NGL infrastructure needs
assetspositiverealized—Secretariat I: 200 MMcf/d gas processing plant in the Delaware Basin, 100% MPLX ownership, placed in service in April 2026