MPC
Monitor HSR clearance and any regulatory conditions; the deal is expected to close by year-end 2026. Proceeds will be reinvested in Gulf Coast and MPLX growth, which may signal future capital deployment priorities.
How the stock moved after the report
⚠ Clustered NEUTRAL VIEWSTOCK BELOW ENTRY AT T+1- T+0 · Nov 3 $427.34entry
- T+1 · yesterday −8.11%α −9.76% · $392.68
- T+2 · todayOpen
- T+5 · in 4d Pending
- T+20 · in 26d Pending
- T+60 · in 3mo Pending
Price Chart
How similar events traded
Executive Summary
Marathon Petroleum Corp and MPLX LP have agreed to sell their St. Paul Park and Mandan refineries and related midstream assets to CVR Energy for $4.2 billion plus inventory. MPC will receive $3.45 billion for the refining assets and MPLX $750 million for the midstream assets. The deal, expected to close by end of 2026, aligns with MPC's strategy to focus on the Gulf Coast and support MPLX's Permian and Marcellus growth.
Key Financial Metrics
Key Facts
- Total purchase price $4.2 billion plus inventory value, subject to adjustments.
- MPC receives $3.45 billion for refining assets; MPLX receives $750 million for midstream assets.
- St. Paul Park refinery capacity 105,000 bpcd; Mandan refinery capacity 72,000 bpcd.
- MPC retains ~2.8 million bpcd refining capacity after divestiture.
- Midstream assets sold at 9x forecast 2027 EBITDA.
- Transaction expected to close end of 2026, subject to HSR clearance.
- Unanimously approved by MPC board and MPLX general partner's board with conflicts committee approval.
Financial Impact
$4.2 billion total consideration plus inventory value; MPC receives $3.45 billion, MPLX $750 million.
Risk Factors
- Regulatory delay or denial under Hart-Scott-Rodino Antitrust Improvements Act.
- Failure to satisfy customary closing conditions could terminate the deal.
- Integration risk for CVR Energy; potential operational disruption during transition.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-prn-302927304 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Nov 3, 2026 2d ago | 8-K | $427.34 | awaiting T+60 | awaiting T+60 | $377.32 (−11.70%) |
Nov 3, 2026 2d ago | Press Release | $427.34 | awaiting T+60 | awaiting T+60 | $377.32 (−11.70%) |
Oct 29, 2026 7d ago | 8-K | $444.73 | awaiting T+60 | awaiting T+60 | $377.32 (−15.16%) |
Oct 28, 2026 8d ago | Press Release | $432.51 | awaiting T+60 | awaiting T+60 | $377.32 (−12.76%) |
Oct 27, 2026 9d ago | SC 13G/A | $440.77 | awaiting T+60 | awaiting T+60 | $377.32 (−14.40%) |
Oct 16, 2026 20d ago | Institutional Cluster | $473.69 | awaiting T+60 | awaiting T+60 | $377.32 (−20.34%) |
Sep 17, 2026 7w ago | Press Release | $424.89 | awaiting T+60 | awaiting T+60 | $377.32 (−11.20%) |
Sep 1, 2026 9w ago | Insider Cluster | $387.00 | awaiting T+60 | awaiting T+60 | $377.32 (−2.50%) |
Aug 19, 2026 11w ago | Insider Cluster | $358.23 | awaiting T+60 | awaiting T+60 | $377.32 (+5.33%) |
Aug 17, 2026 11w ago | Insider Cluster | $365.21 | awaiting T+60 | awaiting T+60 | $377.32 (+3.32%) |
US Market Status
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