MPLX 📈 MPLX - Overview

MPLX LP is a leading midstream energy company that owns and operates a vast network of infrastructure and logistics assets across the United States. The company's operations are divided into two main segments: Logistics and Storage, and Gathering and Processing.

In the Gathering and Processing segment, MPLX LP is involved in the gathering, processing, and transportation of natural gas, as well as the gathering, transportation, fractionation, storage, and marketing of natural gas liquids. The company also handles the gathering, storage, transportation, and distribution of crude oil and refined products, including other hydrocarbon-based products and renewables. Additionally, MPLX LP sells residue gas and condensate, further diversifying its revenue streams.

The Logistics and Storage segment is equally diverse, with MPLX LP operating a fleet of boats and barges that transport light products, heavy oils, crude oil, renewable fuels, chemicals, and feedstocks in the Mid-Continent and Gulf Coast regions. The company also operates a marine repair facility located on the Ohio River, providing critical maintenance and repair services to its fleet. Furthermore, MPLX LP distributes fuel and operates refining logistics, terminals, rail facilities, and storage caverns, offering a comprehensive range of logistics solutions to its customers.

MPLX LP's terminal facilities are strategically located to facilitate the receipt, storage, blending, additization, handling, and redelivery of refined petroleum products through various modes of transportation, including pipeline, rail, marine, and over-the-road. This integrated network enables the company to provide efficient and reliable logistics services to its customers.

MPLX LP is headquartered in Findlay, Ohio, and was incorporated in 2012. As a subsidiary of Marathon Petroleum Corporation, the company benefits from the resources and expertise of its parent company, while operating independently as a master limited partnership (MLP). For more information, visit MPLX LP's website at https://www.mplx.com.