MPLX LP (NYSE:MPLX) is looking for M&A opportunities. During the MPLX Third Quarter 2025 Earnings Conference Call, Maryann Mannen, President and CEO, said, "As you've seen over the next couple of years, tried to lay out how we see that EBITDA coming to fruition. But certainly, when we look at organic opportunities, we -- those that fit our strategic lens, et cetera, we're executing on those.
I gave you a few examples. But we also see the opportunity, again, assuming that those M&A opportunities would meet our strategic rationale, provide us that mid-single-digit growth and give us the mid-teens returns, we do see opportunities for incremental M&A to continue to build out mid-single-digit growth". "When you look at the size of our EBITDA, look at if I can do rough math for you, just a $7 billion EBITDA, we're approaching $0.5 billion worth of growth.
We've shared with you the opportunity set in nat gas and NGL and we'll continue to focus our resources in the Permian. We will also concentrate on the base business. We never lose focus on the base business and including JVs and opportunities there as well.
But given the size of that EBITDA growth, likely that we will see inorganic opportunities as well".
