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MPLX LP (MPLX), a subsidiary of Marathon Petroleum Corp, is a provider of fuel distribution services. It provides crude oils and natural gases. The company carries out the processing, and transportation of natural gas, and the transportation, fractionation, storage, and marketing of natural gas liquids. MPLX operates crude oil and refined product pipelines, marine terminals, docks, rail facilities, and logistics and storage services, natural gas processing facilities. It owns and operates midstream energy infrastructure and logistics assets. MPLX is headquartered in Findlay, Ohio, the US.
Headquarters
United States of America
Address
200 E. Hardin Street, Findlay, Ohio, 45840
Website
www.mplx.com
Telephone
1 302 6587581
No of Employees
5,762
Industry
Energy and Utilities
Ticker Symbol & Exchange
MPLX (NYSE)
Revenue (2024)
$13.0B
8.9%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
13.8%
(2024 vs 2023)
Market Cap*
$57.3B
Net Profit Margin (2024)
XYZ
4.5%
(2024 vs 2023)
* As of and is in US$
MPLX LP premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Crude Oil | Fuel Distribution Services |
| Natural Gas | Logistics and Storage Services |
| Transportation of Natural Gas |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Asset Disposal | In November, the company sold its Rockies Gathering and Processing Assets to a subsidiary of Harvest Midstream for US$1 billion. |
| 2025 | Others | In November, the company entered into a letter of intent with MARA Holdings to arrange supply of natural gas to planned integrated power generation facilities and state-of-the-art data center campuses in West Texas, the US. |
| 2025 | Acquisitions/Mergers/Takeovers | In September, the company acquired Northwind Delaware Holdings LLC. |
Competitor Comparison
| Key Parameters | MPLX LP | Energy Transfer LP | Enterprise Products Partners LP | Plains All American Pipeline LP | Oneok Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Findlay | Dallas | Houston | Houston | Tulsa |
| State/Province | Ohio | Texas | Texas | Texas | Oklahoma |
| No. of Employees | 5,762 | 22,311 | 7,944 | 3,900 | 6,326 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Maryann T. Mannen | President; Chief Executive Officer; Chairman | Executive Board | 2026 | 62 |
| C. Kristopher Hagedorn | Executive Vice President; Chief Financial Officer; Director | Executive Board | - | - |
| Gregory S. Floerke | Chief Operating Officer; Executive Vice President | Senior Management | 2020 | 61 |
| Molly R. Benson | Chief Legal Officer; Secretary | Senior Management | 2018 | 58 |
| Erin M. Brzezinski | Vice President; Controller | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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