United States

MPLX LP MPLX

NYSE Industrial services USD

MPLX LP is a master limited partnership that operates a diversified portfolio of midstream energy infrastructure assets across the United States. The company primarily engages in the gathering, processing, transportation, and storage of crude oil, refined petroleum products, natural gas, and natural gas liquids (NGLs). It serves a broad customer base, including its sponsor Marathon Petroleum Corporation (MPC) and numerous third-party producers, refiners, and marketers, by providing critical logistics and storage solutions that connect energy supply sources to key demand centers and export facilities. MPLX's business model is largely fee-based, generating stable revenue through long-term contracts and tariffs for the use of its extensive pipeline networks, terminals, and processing plants, which helps insulate it from commodity price volatility.

Current Price USD 55.20
Daily Change -0.63%
Market Cap USD 56.14 B
Shares Outstanding 1.02 B
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