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MPLX LP

Company Summary

Description

MPLX is a diversified, growth-oriented master limited partnership formed in 2012 by Marathon Petroleum Corporation to own, operate, develop and acquire midstream energy infrastructure assets. MPLX is engaged in the gathering, processing and transportation of natural gas; the gathering, transportation, fractionation, storage and marketing of NGLs; the transportation, storage and distribution of crude oil and refined petroleum products; and the refining logistics and fuels distribution services through a marine fleet and approximately 10,000 miles of crude oil and light product pipelines. Headquartered in Findlay, Ohio, MPLX's assets consist of a network of crude oil and products pipelines and supporting assets, including storage facilities (tank farms) located in the Midwest and Gulf Coast regions of the United States; 62 light-product terminals with approximately 24 million barrels of storage capacity; an inland marine business; storage caverns with approximately 2.8 million barrels of storage capacity; a barge dock facility with approximately 80,000 barrels per day of crude oil and product throughput capacity; tanks with storage capacity of approximately 56 million barrels as well as refinery docks, loading racks and associated piping; and gathering and processing assets that include approximately 5.9 billion cubic feet per day of gathering capacity, 8.7 billion cubic feet per day of natural gas processing capacity and 610,000 barrels per day of fractionation capacity.

Website

http://www.mplx.com/

Financial Data:

NYSE:MPLX from Google Finance

Tickers:

  • MPLX - New York Stock Exchange

Related Entities

Recent news

  • 11/12/2020 - WhiteWater Midstream &... (subscriber access)
  • 11/3/2020 - P66 Expecting C2G... (subscriber access)
  • 11/3/2020 - MPLX Reports 3Q20 Update... (subscriber access)
  • 11/3/2020 - MPLX Reports 3Q20 Update... (subscriber access)
  • 11/3/2020 - MPLX Reports Whistler... (subscriber access)

Investor Presentations

  • 3Q19 Investor Presentation
  • 2Q19 Earnings Presentation (subscriber access)
  • 1Q19 Investor Presentation & Andeavor Merger (subscriber access)
  • 3Q18 Investor Presentation (subscriber access)
  • 2Q18 Earnings Presentation (subscriber access)
  • 1Q18 Investor Presentation (subscriber access)
  • Fourth Quarter 2017 Earnings Slides (subscriber access)

Company Transactions

Date: 8/5/2020
Type: Acquisition

NOTES:
EPIC announced that they have reached a deal with MPLX and WhiteWater Midstream for the sale of an undivided joint interests in the EPIC Y-Grade Pipeline from Benedum to Gardendale. The deal also covered transport agreements from other segments between Orla, TX and Sweeny, TX.
REGIONS:
  • Gulf Coast
  • Permian Basin
  • Date: 7/30/2019
    Type: Merger

    BUYERS:
  • MPLX LP
  • DETAILS:
    NOTES:
    MPLX has entered into a deal to merge with Andeavor Logistics in a unit-for-unit transaction at an exchange ratio of 1.07x. The deal represents $9 billion in equity value and an enterprise value of $14 billion.

    Date: 9/26/2018
    Type: Acquisition

    BUYERS:
  • MPLX LP
  • DETAILS:

    COST: 450 $MM

    VOLUMES: 120 M Bbls/d

    REGIONS:
  • Gulf Coast
  • Date: 3/31/2017
    Type: Acquisition

    REGIONS:
  • Midcontinent
  • Midwest
  • Cushing Oil Terminal
  • Date: 2/15/2017
    Type: Acquisition

    NOTES:
    Enbridge Energy Partners, Enbridge Inc and Marathon Petroleum have announced a joint venture to acquire a 36.75% interest in the Bakken Pipeline System from a holding company with a 75% interest in the System. The joint venture is called the MarEn Bakken Pipeline Company LLC. Enbridge will own 27.6% of the pipelines through MarEn and Marathon will own 9.15% of the pipeline projects.
    REGIONS:
  • Bakken
  • Gulf Coast