XNYS
MPLX
Market cap59bUSD
Oct 20, Last price
58.40USD
1D
0.36%
1Q
3.14%
Jan 2017
68.66%
IPO
114.28%
Name
MPLX LP
Chart & performance
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Profile
MPLX LP, incorporated in 2012 and headquartered in Findlay, Ohio, operates as a subsidiary of Marathon Petroleum Corporation, with MPLX GP LLC serving as its general partner. The company is a prominent owner and operator of midstream energy infrastructure and logistics assets primarily across the United States. Its business is segmented into Logistics and Storage, and Gathering and Processing. MPLX's extensive operations involve the gathering, processing, and transportation of natural gas, alongside the gathering, transportation, fractionation, exchange, storage, and marketing of natural gas liquids. It also handles the collection, storage, transportation, and distribution of crude oil, refined products, and other hydrocarbon-based goods, including the sale of residue gas and condensate. Furthermore, the company manages inland marine businesses, focusing on the transportation of light products, heavy oils, crude oil, renewable fuels, chemicals, and feedstocks within the Mid-Continent and Gulf Coast regions, utilizing its owned and third-party chartered boats and barges, and maintaining a marine repair facility on the Ohio River. Complementing these activities, MPLX oversees fuel distribution, refining logistics, terminals, rail facilities, and storage caverns, and operates specialized terminal facilities for the receipt, storage, blending, additization, handling, and redelivery of refined petroleum products through various modes including pipeline, rail, marine, and over-the-road transport.
Key people
Executive Chairman of the Board · since 2024
Chairman of the Board, President, Chief Executive Officer · since 2026
Timothy Aydt
Executive Vice President of MPLX GP LLC · since 2022
Chief Operating Officer, Executive Vice President of MPLX GP LLC · since 2020
C. Kristopher Hagedorn
Chief Financial Officer, Executive Vice President, Director of MPLX GP LLC · since 2024
Senior Vice President of MPLX GP LLC · since 2022
Senior Vice President of MPLX GP LLC · since 2018
Senior Vice President - Logistics and Storage of MPLX GP LLC · since 2022
Senior Vice President of MPLX GP LLC · since 2018
Vice President - Finance and Investor Relations of MPLX GP LLC · since 2023
Vice President - Treasury of MPLX GP LLC · since 2023
Rebecca Iten
Vice President, Controller · since 2025
Molly Benson
Chief Legal Officer, Corporate Secretary · since 2024
Christopher Helms
Lead Independent Director · since 2023
Maria Khoury
Director of MPLX GP LLC · since 2026
Director of MPLX GP LLC · since 2025
Independent Director of MPLX GP LLC · since 2022
Garry Peiffer
Independent Director of MPLX GP LLC · since 2014
Independent Director of MPLX GP LLC · since 2015
Independent Director of MPLX GP LLC · since 2018
Legal address
C/O THE CORPORATION TRUST COMPANY
CORPORATION TRUST CENTER 1209 ORANGE ST
WILMINGTON, DE 19801
US
CORPORATION TRUST CENTER 1209 ORANGE ST
WILMINGTON, DE 19801
US
Headquarters
200 East Hardin Street
Findlay, OH 45840
US
Findlay, OH 45840
US
Valuation
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