MPLX LP (NYSE: MPLX) — Company Overview, News & Financial Data
MPLX LP is an infrastructure firm focused on the transportation and processing of natural resources.
MPLX LP
MPLX LP is a diversified, large-cap master limited partnership formed by Marathon Petroleum Corporation to own, operate, develop, and acquire midstream energy infrastructure and logistics assets. The company operates through two primary business segments: Crude Oil and Products Logistics, and Natural Gas and NGL Services. Its extensive infrastructure network includes crude oil and refined product pipelines, inland marine vessels, distribution terminals, storage facilities, natural gas gathering systems, natural gas liquids fractionators, and gas processing plants. Headquartered in Findlay, Ohio, MPLX provides essential transportation, storage, fractionation, and fuels distribution services across major United States hydrocarbon producing basins.
Snapshot
Operations
Products and/or services of MPLX LP
- Crude Oil Pipeline Transportation: Transporting crude oil from wellhead gathering networks and key energy basins to refining centers and storage hubs across major United States producing regions through an extensive network of long-haul and gathering pipelines.
- Refined Product Transportation and Marine Logistics: Moving refined petroleum products, heavy crude oil, and feedstock across North American waterways and pipeline networks using a fleet of inland towboats, barge assets, and pipeline interconnections.
- Terminaling and Bulk Storage Operations: Providing storage and distribution services for crude oil, refined products, and natural gas liquids through a network of surface tank terminals, marine docks, and underground salt cavern storage facilities.
- Natural Gas Gathering and Processing Services: Gathering raw natural gas directly from wellheads in major basin formations including the Marcellus, Utica, and Permian basins, and processing it to remove impurities and separate heavy hydrocarbons.
- NGL Fractionation and Transport: Operating natural gas liquid fractionators that separate mixed stream NGLs into purity components including ethane, propane, and butane, supported by specialized pipeline transportation networks and storage hubs.
- Fuels Distribution and Supply Services: Providing wholesale distribution of refined fuels, renewable fuels, and heavy products under long-term supply arrangements, managing bulk fuel supply logistics and transportation across domestic regional distribution networks.
MPLX LP executive team
- Ms. Maryann T. MannenPresident, CEO & Chairman of the Board of MPLX GP LLC
- Mr. Carl Kristopher HagedornExecutive VP, CFO & Director of MPLX GP LLC
- Mr. Gregory Scott FloerkeExecutive VP & COO of MPLX GP LLC
- Ms. Molly R. BensonChief Legal Officer & Corporate Secretary of MPLX GP LLC
- Mr. Shawn M. LyonSenior Vice President of Logistics & Storage - MPLX GP LLC
- Ms. Kristina Anna KazarianVice President of Finance & Investor Relations - MPLX GP LLC
- Mr. Rick D. HesslingSenior Vice President of MPLX GP LLC
- Mr. Brian K. ParteeSenior Vice President of MPLX GP LLC
- Mr. David R. HeppnerSenior Vice President of MPLX GP LLC
- Mr. Michael A. HenschenSenior Vice President of MPLX GP LLC