MPLX - MPLX - Stock Price & Dividends

MPLX LP is a leading midstream energy company that owns and operates a vast network of infrastructure and logistics assets across the United States. The company's operations are divided into two primary segments: Logistics and Storage, and Gathering and Processing.

In the Gathering and Processing segment, MPLX LP is involved in the collection, processing, and transportation of natural gas, as well as the gathering, transportation, fractionation, storage, and marketing of natural gas liquids. The company also engages in the gathering, storage, transportation, and distribution of crude oil and refined products, including other hydrocarbon-based products and renewable energy sources. Additionally, MPLX LP sells residue gas and condensate, further diversifying its revenue streams.

In the Logistics and Storage segment, MPLX LP operates a fleet of boats and barges that transport light products, heavy oils, crude oil, renewable fuels, chemicals, and feedstocks in the Mid-Continent and Gulf Coast regions. The company also owns a marine repair facility located on the Ohio River, which provides maintenance and repair services for its vessels. Furthermore, MPLX LP distributes fuel and operates refining logistics, terminals, rail facilities, and storage caverns, offering a comprehensive suite of logistics and storage solutions to its customers.

MPLX LP's terminal facilities are strategically located to receive, store, blend, additize, handle, and redeliver refined petroleum products through various modes of transportation, including pipeline, rail, marine, and over-the-road. This allows the company to efficiently and effectively manage the movement of energy products across its network.

As a subsidiary of Marathon Petroleum Corporation, MPLX LP benefits from the resources and expertise of its parent company. MPLX GP LLC serves as the general partner of MPLX LP, providing strategic guidance and oversight. With a strong track record of operational excellence and a commitment to safety and environmental responsibility, MPLX LP is well-positioned to continue growing and delivering value to its stakeholders.