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Marathon Petroleum to sell Minnesota, North Dakota refineries to CVR Energy

By Public Technologies
  • Marathon Petroleum and MPLX agreed to sell two refineries and related midstream assets to CVR Energy for $4.2 billion.
  • The St. Paul Park, Minnesota, and Mandan, North Dakota, assets' purchase price excludes inventory value and is subject to adjustments.
  • The refining assets will generate $3.45 billion in proceeds; MPLX will receive $750 million, representing nine times forecast 2027 EBITDA.
  • Closing is expected at the end of 2026, subject to customary conditions.
  • Proceeds are intended primarily for Gulf Coast reinvestment and to support MPLX's growth in the Permian and Marcellus basins.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Marathon Petroleum Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: CL87368) on November 03, 2026, and is solely responsible for the information contained therein.

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