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5.0
MPLX LP operates in the energy sector within the midstream infrastructure industry, focusing on the transportation, storage and processing of crude oil, natural gas and natural gas liquids (NGLs).
The company was founded in 2012 by Marathon Petroleum Corporation (MPC) to consolidate and expand essential logistics and transportation assets supporting MPC’s refining and distribution operations.
Its portfolio includes crude oil and natural gas pipelines, gathering systems, natural gas processing plants, NGL fractionation facilities, storage terminals and logistics assets integrated into MPC’s supply chain.
Operations span key regions such as the Permian Basin, Marcellus Shale, Utica Shale, the Bakken formation and the U.S. Midwest.
The company’s market environment is shaped by U.S. oil and gas production levels, demand for midstream infrastructure, environmental regulations and competition with firms such as Enterprise Products Partners, Williams and Energy Transfer. MPLX’s business model relies on long-term, fee-based contracts, which reduce exposure to commodity price volatility.
The operational structure is composed of subsidiaries dedicated to pipelines, terminals, logistics, gas processing and fractionation. MPLX maintains an extensive network of interconnected assets supported by engineering, compliance, maintenance and safety teams. Marathon Petroleum acts as its primary sponsor and anchor customer.
MPLX LP shares are traded on the New York Stock Exchange (NYSE) under the ticker MPLX.
History and Foundation of MPLX LP
MPLX LP was founded in 2012 in the United States by Marathon Petroleum Corporation with the objective of consolidating logistics assets and expanding transportation and processing capacity for hydrocarbons.
During its initial years, the company focused on integrating key logistics assets and investing in pipeline and storage projects. In 2012, MPLX completed its initial public offering (IPO) on the NYSE, entering the capital markets as a master limited partnership (MLP).
Between 2015 and 2016, MPLX completed the acquisition of MarkWest Energy Partners, significantly expanding its footprint in natural gas gathering and processing, particularly in the Marcellus and Utica shale regions.
This transaction transformed MPLX into one of the leading midstream operators in the United States.
From 2020 to 2024, the company faced fluctuations in energy demand and regulatory shifts while continuing to expand terminals, modernize fractionation plants and invest in infrastructure projects. The period was marked by advancements in operational efficiency, automation and sustainability practices.
MPLX remains a major midstream operator in the U.S., supported by ongoing asset expansion, integrated logistics capabilities and long-term agreements with Marathon Petroleum.
Additional Information
The Company MPLX LP (United States), is listed on Nasdaq with a market cap of $ 55.09 Billions, having an equity of $ 14.52 Billions.
The Company está listadathe in the sector of Others and categorized in industry of Others.
In the last 12 months the Company had a revenue of $ 11.42 Billions, which generated a profit in the amount of $ 4.82 Billions.
As for its main indicators, the Company has a P/E ratio of 11.43, a P/BV ratio of 3.79 and in the last 12 months the dividend yield of MPLX was at 7.30%.
The Company is traded internationally through the ticker MPLX.
