OverviewSuggest Edit

MPLX is a company owning and operating midstream energy infrastructure and logistics assets. It operates in two segments, Logistics and Storage, and Gathering and Processing. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, exchange, storage, and marketing of natural gas liquids; transportation, storage, distribution, and marketing of crude oil and refined petroleum products, as well as other hydrocarbon-based products; and sale of residue gas and condensate.
TypePublic
Founded2012
HQFindlay, US
Websitemplx.com

Locations

MPLX is headquartered in
Findlay, United States

Location Map

Latest Updates

Employees (est.) (Dec 2019)6,200
Revenue (FY, 2019)$9 B(+41%)
Share Price (Oct 2020)$17.4
Cybersecurity ratingBMore

Key People/Management at MPLX

Michael J. Hennigan

Michael J. Hennigan

Chairman, President and Chief Executive Officer
Pamela K.M. Beall

Pamela K.M. Beall

Executive Vice President and Chief Financial Officer
Timothy J. Aydt

Timothy J. Aydt

Chief Commercial Officer and Executive Vice President, Pipelines, Terminals & Marine
Gregory S. Floerke

Gregory S. Floerke

Chief Operating Officer and Executive Vice President, Gathering & Processing, Trucks & Rail
Suzanne Gagle

Suzanne Gagle

General Counsel
Raymond L. Brooks

Raymond L. Brooks

Senior Vice President
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MPLX Office Locations

MPLX has offices in Findlay, Canton and Denver
Findlay, US (HQ)
200 E Hardin St
Canton, US
250 Royall St
Denver, US
1515 Arapahoe St #1600
Findlay, US
539 S Main St
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MPLX Financials and Metrics

MPLX Revenue

MPLX's revenue was reported to be $9.04 b in FY, 2019
USD

Revenue (Q2, 2020)

2.1b

Net income (Q2, 2020)

655.0m

EBIT (Q2, 2020)

878.0m

Market capitalization (23-Oct-2020)

18.1b

Closing stock price (23-Oct-2020)

17.4

Cash (30-Jun-2020)

67.0m

EV

38.9b
MPLX's current market capitalization is $18.1 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

78.9m548.3m703.0m2.6b3.9b6.4b9.0b

Revenue growth, %

13%28%268%

Cost of goods sold

135.9m145.3m172.0m354.0m528.0m

Gross profit

(57.0m)403.0m531.0m2.2b3.3b
Quarterly
Annual
USDFY, 2012Y, 2012Y, 2013FY, 2013Y, 2014FY, 2014Y, 2015FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

216.7m217.0m54.0m54.1m27.0m27.3m43.0m43.0m234.0m5.0m68.0m15.0m

Accounts Receivable

17.6m12.2m10.2m244.0m292.0m417.0m593.0m

Prepaid Expenses

2.6m8.9m7.0m50.0m37.0m46.0m110.0m

Inventories

11.7m49.0m49.0m54.0m65.0m77.0m110.0m
USDQ3, 2012

Financial Leverage

1.1 x
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MPLX Cybersecurity Score

Cybersecurity ratingPremium dataset

B

82/100

SecurityScorecard logo

MPLX Online and Social Media Presence

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MPLX News and Updates

MPLX LP Reports Second-Quarter 2020 Financial Results

FINDLAY, Ohio, Aug. 3, 2020 /PRNewswire/ -- Reported net income attributable to MPLX of $648 million and adjusted EBITDA attributable to MPLX of $1.2 billion Generated $1.1 billion in net cash provided by operating activities and reported distribution coverage of 1.39x Maintained...

Marathon Petroleum Corporation And MPLX LP Announce The Retirement Of Gregory J. Goff And Appointment Of Michael J. Hennigan As CEO Of MPLX GP LLC

FINDLAY, Ohio, Oct. 31, 2019 /PRNewswire/ -- Marathon Petroleum Corporation (NYSE: MPC) and MPLX LP (NYSE: MPLX) today announced that Gregory J. Goff, executive vice chairman of MPC and a member of each of the boards of directors of MPC and MPLX's general partner, has elected to retire...

MPLX LP to Announce 2019 Third-Quarter Financial Results October 31

FINDLAY, Ohio, Sept. 16, 2019 /PRNewswire/ -- MPLX LP (NYSE: MPLX) a master limited partnership sponsored by Marathon Petroleum Corp. (NYSE: MPC), will host a conference call with analysts on Thursday, October 31, at 11 a.m. EDT to discuss 2019 third-quarter financial results, which will...

MPLX LP prices $2.0 billion senior notes offering

FINDLAY, Ohio, Sept. 4, 2019 /PRNewswire/ -- MPLX LP (NYSE: MPLX) announced today that it has priced $2,000,000,000 in aggregate principal amount of unsecured senior notes in an underwritten public offering consisting of $1,000,000,000 aggregate principal amount of floating rate senior...

MPLX LP to Announce 2019 Second-Quarter Financial Results August 1

FINDLAY, Ohio, July 1, 2019 /PRNewswire/ -- MPLX LP (NYSE: MPLX) a master limited partnership sponsored by Marathon Petroleum Corp. (NYSE: MPC), will host a conference call with analysts on Thursday, August 1, at 11 a.m. EDT to discuss 2019 second-quarter financial results, which will be...

MPLX LP Announces Unitholder Consent Deadline and Anticipated Closing Date of the Andeavor Logistics Acquisition

FINDLAY, Ohio, June 28, 2019 /PRNewswire/ -- MPLX LP (NYSE: MPLX) and Andeavor Logistics LP (NYSE: ANDX) today announced that the Board of Directors of the general partner of ANDX has set June 28, 2019 as the record date for determining holders of ANDX common units entitled to execute and ...
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MPLX Frequently Asked Questions

  • When was MPLX founded?

    MPLX was founded in 2012.

  • Who are MPLX key executives?

    MPLX's key executives are Michael J. Hennigan, Pamela K.M. Beall and Timothy J. Aydt.

  • How many employees does MPLX have?

    MPLX has 6,200 employees.

  • What is MPLX revenue?

    Latest MPLX annual revenue is $9 b.

  • What is MPLX revenue per employee?

    Latest MPLX revenue per employee is $1.5 m.

  • Who are MPLX competitors?

    Competitors of MPLX include American Midstream Partners, Stallion Oilfield and Magellan Midstream Partners.

  • Where is MPLX headquarters?

    MPLX headquarters is located at 200 E Hardin St, Findlay.

  • Where are MPLX offices?

    MPLX has offices in Findlay, Canton and Denver.

  • How many offices does MPLX have?

    MPLX has 4 offices.