07:24 AM EST, 02/28/2025 (MT Newswires) -- MPLX ( MPLX ) said Friday it has signed a deal with WhiteWater and Diamondback Energy ( FANG ) affiliates to buy the remaining 55% stake in the BANGL Pipeline for $715 million.

The deal, due to be completed in July, is immediately accretive and will will likely generate mid-teen returns for the partnership, MPLX ( MPLX ) said.

The company also said it would make additional earnout payments, subject to the achievement of certain financial performance metrics.