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MarketScreener Homepage  >  Equities  >  Nyse  >  MPLX LP    MPLX

MPLX LP

(MPLX)
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Business Summary
Logo MPLX LP
MPLX LP is a master limited partnership (MLP) formed by Marathon Petroleum Corporation (MPC) to own, operate, develop and acquire midstream energy infrastructure assets. The Company is engaged in the gathering, processing and transportation of natural gas; the gathering, transportation, fractionation, storage and marketing of natural gas liquids (NGLs), and the gathering, transportation and storage of crude oil and refined petroleum products. Its segments are Logistics and Storage (L&S), and Gathering and Processing (G&P). The L&S segment includes transportation and storage of crude oil, refined products and other hydrocarbon-based products. As of December 31, 2017, the G&P segment operated various natural gas gathering systems that had a combined 5,439 million cubic feet per day (mmcf/d) throughput capacity. As of December 31, 2017, its assets included infrastructure to support MPC, including approximately 2,194 miles of crude oil and refined product pipelines across 17 states.

Number of employees : 6 200 people.
Sales per Business
20182019Delta
USD (in Million)%USD (in Million)%
Logistics and Storage2,30337.3%5,09158.2% +121.06%
Gathering and Processing2,70943.8%3,53440.4% +30.45%
Sales per region
20182019Delta
USD (in Million)%USD (in Million)%
United States5,01281.1%8,62598.6% +72.09%
Managers
NameAgeSinceTitle
Michael Hennigan592020Chairman, President & Chief Executive Officer
Gregory Floerke-2015Chief Operating Officer & Executive Vice President
Pamela Beall622016Chief Financial Officer, Director & Executive VP
Garry Peiffer672014Independent Director
Donald Templin552017Director
Christopher A. Helms642012Independent Director
Dan D. Sandman702012Independent Director
John Surma642012Independent Director
Frank Semple672016Director
Michael L. Beatty712015Independent Director
Equities
Vote QuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 1,059,750,442 406,069,920 38.3% 1,000,000 0.1% 38.3%
Stock B 0 600,000 0 0.0% 0 0.0%
Shareholders
NameEquities%
Marathon Petroleum Corporation 647,415,452 61.2%
Blackstone Corporate Private Equity 53,430,949 5.05%
Tortoise Capital Advisors LLC 30,366,672 2.87%
Harvest Fund Advisors LLC 28,710,292 2.71%
Invesco Advisers, Inc. 23,205,589 2.19%
ALPS Advisors, Inc. 22,275,569 2.10%
Goldman Sachs Asset Management LP 16,373,379 1.55%
OppenheimerFunds, Inc. 10,004,010 0.95%
CIBC Private Wealth Advisors, Inc. 8,844,989 0.84%
Bank of America, NA (Private Banking) 8,800,329 0.83%
Company contact information
MPLX LP
200 East Hardin Street
Findlay, OH 45840

Phone : +1.419.421.2414
Web : http://www.mplx.com
Sector Oil & Gas Transportation Services - NEC