MPLX LP is a leading master limited partnership (MLP) that owns and operates midstream energy infrastructure assets in the United States. The company was founded in 2012 and is headquartered in Findlay, Ohio. MPLX is a subsidiary of Marathon Petroleum Corporation and operates as its midstream business segment. MPLX is listed on the New York Stock Exchange (NYSE) under the ticker symbol "MPLX."
MPLX is primarily engaged in the gathering, processing, and transportation of natural gas and crude oil. The company owns and operates an extensive network of pipelines, storage facilities, and processing plants across multiple regions, including the Midwest, Northeast, and Gulf Coast. These assets enable MPLX to gather and transport natural gas and crude oil from production areas to refineries, processing plants, and export terminals.
The company processes and fractionates natural gas to extract NGLs, which include ethane, propane, butane, and natural gasoline. These NGLs are vital feedstocks for various industries, including petrochemicals, plastics manufacturing, and fuel blending. MPLX's NGL infrastructure and processing capabilities contribute to the supply of these important energy and chemical products.
The company has a history of growth through strategic acquisitions and organic expansions. MPLX has made significant investments in expanding its pipeline network, adding storage capacity, and upgrading its processing facilities. These investments have positioned the company to meet the increasing demand for energy infrastructure services in key production areas.
MPLX's focus on operational excellence, safety, and reliability has helped it maintain a strong market presence in the midstream sector. The company emphasizes efficient and environmentally responsible operations to support the energy needs of its customers while minimizing its impact on the environment. Through its integrated network and commitment to customer service, MPLX plays a critical role in the transportation and processing of energy resources across the United States.