Market Summary
USD35.03+0.11
Market Closed0.32%
MPLX Stock Price
MPLX RSI Chart
MPLX Valuation
MPLX Price/Sales (Trailing)
MPLX Profitability
MPLX Fundamentals
MPLX Revenue
MPLX Earnings
Price Action
52 Week Range
27.9135.85
(Low)(High)
Last 7 days
0.2%
Last 30 days
0.5%
Last 90 days
5.4%
Trailing 12 Months
15.2%
MPLX Financial Health
MPLX Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for MPLX
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-08-14 | SURMA JOHN P | acquired | - | - | 1,286 | - |
2023-08-14 | Peiffer Garry L. | acquired | - | - | 993 | - |
2023-08-14 | SEMPLE FRANK M | acquired | - | - | 867 | - |
2023-08-14 | STICE J MICHAEL | acquired | - | - | 781 | - |
2023-08-14 | Breves Christine S | acquired | - | - | 64.873 | - |
2023-08-14 | HELMS CHRISTOPHER A | acquired | - | - | 1,094 | - |
2023-07-03 | Breves Christine S | acquired | - | - | 808 | - |
2023-07-03 | STICE J MICHAEL | acquired | - | - | 937 | - |
2023-07-03 | SEMPLE FRANK M | acquired | - | - | 937 | - |
2023-07-03 | SURMA JOHN P | acquired | - | - | 937 | - |
Which funds bought or sold MPLX recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-20 | BARCLAYS PLC | reduced | -31.97 | -17,458,000 | 35,476,000 | 0.02% |
2023-09-12 | Farther Finance Advisors, LLC | unchanged | - | -357 | 23,758 | -% |
2023-09-08 | TUCKER ASSET MANAGEMENT LLC | sold off | -100 | -82,473 | - | -% |
2023-09-07 | Strategic Financial Concepts, LLC | added | 0.38 | -6,596 | 589,337 | 0.22% |
2023-08-28 | Lavaca Capital LLC | reduced | -2.29 | -8,502 | 217,216 | 0.06% |
2023-08-23 | WOLVERINE TRADING, LLC | new | - | 835,900 | 835,900 | -% |
2023-08-21 | BOKF, NA | unchanged | - | -5,057 | 336,515 | 0.01% |
2023-08-21 | OSAIC HOLDINGS, INC. | added | 25.8 | 1,041,580 | 5,380,730 | 0.01% |
2023-08-21 | Principal Street Partners, LLC | reduced | -53.46 | -256,122 | 216,877 | 0.05% |
2023-08-17 | Coppell Advisory Solutions LLC | new | - | 24,105 | 24,105 | 0.01% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of MPLX
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 09, 2023 | blackstone group management l.l.c. | 5.0% | 50,516,528 | SC 13G/A | |
| Feb 11, 2022 | blackstone group management l.l.c. | 6.5% | 66,127,749 | SC 13G/A | |
| Sep 22, 2021 | marathon petroleum corp | 63.3% | 647,415,452 | SC 13D/A | |
| Feb 16, 2021 | blackstone group management l.l.c. | 6.5% | 67,919,543 | SC 13G/A | |
| Jan 05, 2021 | marathon petroleum corp | 62.3% | 647,415,452 | SC 13D/A | |
| Aug 04, 2020 | marathon petroleum corp | 62.2% | 647,415,452 | SC 13D/A | |
| Jul 16, 2020 | blackstone group management l.l.c. | 5.0% | 53,430,949 | SC 13G |
Recent SEC filings of MPLX
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Aug 16, 2023 | 4 | Insider Trading | |
| Aug 16, 2023 | 4 | Insider Trading | |
| Aug 16, 2023 | 4 | Insider Trading | |
| Aug 16, 2023 | 4 | Insider Trading | |
| Aug 16, 2023 | 4 | Insider Trading | |
| Aug 16, 2023 | 4 | Insider Trading | |
| Aug 01, 2023 | 8-K | Current Report | |
| Aug 01, 2023 | 10-Q | Quarterly Report | |
| Jul 05, 2023 | 4 | Insider Trading | |
| Jul 05, 2023 | 4 | Insider Trading |
Peers (Alternatives to MPLX)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
ENB | 69.8B | 47.5B | 0.23% | -12.50% | 16.9 | 1.47 | -9.08% | -22.60% |
ET | 40.6B | 80.8B | 6.64% | 27.69% | 8.97 | 1.48 | -1.23% | 0.82% |
KMI | 37.0B | 17.1B | -3.82% | -2.66% | 14.74 | 2.16 | -3.10% | 3.16% |
MPLX | 34.3B | 11.5B | 0.52% | 15.20% | 8.45 | 2.93 | 5.75% | 23.65% |
MMP | 12.8B | 3.5B | 4.83% | 42.31% | 12.39 | 3.78 | 19.66% | 2.99% |
| MID-CAP | ||||||||
PAA | 9.4B | 51.2B | 2.87% | 40.67% | 7.41 | 0.17 | -4.81% | 74.39% |
DKL | 2.0B | 1.1B | 5.45% | -12.53% | 13.01 | 1.9 | 42.53% | -0.22% |
HEP | - | 574.6M | 4.12% | 25.83% | - | - | 15.60% | 8.47% |
PAGP | - | 51.2B | 4.01% | 42.50% | - | - | -4.81% | 105.31% |
| SMALL-CAP | ||||||||
NS | 1.9B | 308.0M | 7.82% | 23.94% | 8.53 | 8.41 | 145.69% | 7305.10% |
SMLP | - | 384.8M | -4.00% | -12.09% | - | - | -2.94% | 38.53% |
PBFX | 1.2B | - | -5.36% | 88.83% | 8.18 | 3.45 | - | - |
MPLX News
Returns for MPLX
Cumulative Returns on MPLX
6.9%
10-Year Cumulative Returns
9.7%
7-Year Cumulative Returns
9.5%
5-Year Cumulative Returns
38.5%
3-Year Cumulative Returns
Risks for MPLX
What is the probability of a big loss on MPLX?
36.9%
Probability that MPLX stock will be more than 20% underwater in next one year
20.4%
Probability that MPLX stock will be more than 30% underwater in next one year.
20%
Probability that MPLX stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does MPLX drawdown profile look like?
Y-axis is the maximum loss one would have experienced if MPLX was unfortunately bought at previous high price.
Drawdowns
Financials for MPLX
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | -2.1% | 11,466 | 11,716 | 11,613 | 11,685 | 10,843 | 10,298 | 10,027 | 9,542 | 9,230 | 8,916 | 7,569 | 7,636 | 7,669 | 7,798 | 9,041 | 9,020 | 8,452 | 7,820 | 7,005 | 5,795 | 5,063 |
| Costs and Expenses | -4.6% | 6,361 | 6,669 | 6,702 | 6,778 | 6,579 | 6,220 | 6,035 | 5,686 | 5,506 | 5,245 | 7,358 | 8,691 | 8,697 | 8,819 | 6,664 | 5,406 | 5,092 | 4,737 | 4,277 | 3,623 | 3,252 |
| S&GA Expenses | 2.0% | 353 | 346 | 335 | 334 | 340 | 345 | 353 | 356 | 358 | 367 | 378 | 384 | 390 | 384 | 388 | 392 | 366 | 348 | 316 | 284 | 267 |
| EBITDA | -100.0% | - | 4,101 | 3,986 | 4,825 | 4,162 | 5,352 | 5,281 | 5,149 | 5,030 | 3,622 | 136 | -1,143 | -1,087 | -1,040 | 2,297 | - | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.35* | 0.34* | 0.41* | 0.38* | 0.52* | 0.53* | 0.54* | 0.54* | 0.41* | 0.02* | -0.15* | -0.14* | -0.14* | 0.29* | - | - | - | - | - | - |
| Earnings Before Taxes | 1.4% | 4,159 | 4,101 | 3,986 | 3,998 | 3,371 | 3,202 | 3,113 | 2,976 | 2,840 | 2,780 | -685 | -1,961 | -1,943 | -1,942 | 1,462 | 2,648 | 2,474 | 2,275 | 2,014 | 1,642 | 1,341 |
| EBT Margin | -100.0% | - | 0.35* | 0.34* | 0.34* | 0.31* | 0.31* | 0.31* | 0.31* | 0.31* | 0.31* | -0.09* | -0.26* | -0.25* | -0.27* | 0.19* | - | - | - | - | - | - |
| Net Income | 1.4% | 4,120 | 4,062 | 3,944 | 3,958 | 3,332 | 3,163 | 3,077 | 2,938 | 2,801 | 2,743 | -720 | -1,992 | -2,028 | -2,194 | 1,033 | 2,048 | 1,929 | 1,900 | 1,818 | 1,622 | 1,328 |
| Net Income Margin | -100.0% | - | 0.35* | 0.34* | 0.34* | 0.31* | 0.31* | 0.31* | 0.31* | 0.30* | 0.31* | -0.10* | -0.26* | -0.26* | -0.30* | 0.13* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 4,315 | 4,213 | 4,201 | 4,446 | 4,340 | 4,382 | 4,281 | 4,186 | 3,706 | 3,338 | 2,758 | 2,010 | 1,908 | 1,674 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 0.6% | 35,873 | 35,672 | 35,665 | 35,812 | 35,788 | 35,727 | 35,507 | 35,699 | 35,773 | 36,030 | 36,414 | 36,662 | 37,022 | 37,006 | 40,430 | 41,281 | 23,746 | 23,584 | 39,325 | 22,379 | 21,412 |
| Current Assets | 15.4% | 2,321 | 2,012 | 1,905 | 1,951 | 2,018 | 1,798 | 1,507 | 1,516 | 1,332 | 1,374 | 1,515 | 1,272 | 1,386 | 1,329 | 1,484 | 1,440 | 786 | 952 | 1,440 | 925 | 774 |
| Cash Equivalents | 92.1% | 755 | 393 | 238 | 121 | 298 | 42.00 | 13.00 | 39.00 | 8.00 | 24.00 | 15.00 | 28.00 | 67.00 | 57.00 | 15.00 | 41.00 | 32.00 | 122 | 85.00 | 39.00 | 9.00 |
| Net PPE | - | - | - | - | - | - | 19,912 | 20,042 | 20,158 | 20,352 | 20,996 | 21,218 | 21,615 | 21,758 | 21,829 | 22,145 | 21,892 | 15,021 | 14,816 | 21,525 | 14,271 | 13,642 |
| Goodwill | 0% | 7,645 | 7,645 | 7,645 | 7,645 | 7,645 | 7,657 | 7,657 | 7,657 | 7,657 | 7,657 | 7,657 | 7,657 | 7,722 | 7,700 | 9,536 | 10,735 | 2,581 | 121 | 10,016 | 724 | 2,460 |
| Liabilities | 0.3% | 22,684 | 22,624 | 22,151 | 22,169 | 22,679 | 22,726 | 22,490 | 22,023 | 22,010 | 22,212 | 22,429 | 22,599 | 22,792 | 22,682 | 22,849 | 22,421 | 15,872 | 15,651 | 20,590 | 14,423 | 13,457 |
| Current Liabilities | 0.3% | 1,316 | 1,312 | 2,401 | 2,499 | 2,741 | 2,858 | 3,348 | 2,721 | 1,727 | 1,196 | 2,086 | 1,531 | 1,228 | 1,214 | 2,132 | 2,232 | 1,048 | 1,029 | 2,268 | 1,204 | 1,279 |
| Long Term Debt | 0.1% | 20,405 | 20,393 | 18,808 | 18,797 | 18,775 | 18,757 | 18,072 | 18,253 | 19,234 | 20,052 | 19,375 | 20,042 | 20,556 | 20,467 | 19,704 | 19,190 | 14,030 | 13,832 | 17,922 | 12,889 | 11,874 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | -1.0% | 5,071 | 5,121 | 5,019 | 4,891 | 5,034 | 4,912 | 4,911 | 4,856 | 4,896 | 4,636 | 4,521 | 4,428 | 4,242 | 4,238 | 4,082 | 4,034 | 3,735 | 3,474 | 3,071 | 2,596 | 2,353 |
| Cashflow From Investing | -15.1% | -1,036 | -900 | -956 | -817 | -684 | -704 | -518 | -579 | -730 | -990 | -1,262 | -1,934 | -2,401 | -2,725 | -3,063 | -3,040 | -3,363 | -3,088 | -2,878 | -2,499 | -1,857 |
| Cashflow From Financing | 7.5% | -3,578 | -3,870 | -3,838 | -3,992 | -4,060 | -4,190 | -4,395 | -4,266 | -4,225 | -3,679 | -3,259 | -2,507 | -1,806 | -1,578 | -1,089 | -992 | -349 | -270 | -117 | -67.00 | -784 |
| Buy Backs | -9.0% | 356 | 391 | 491 | 480 | 455 | 575 | 630 | 498 | 343 | 188 | 33.00 | - | - | - | - | - | - | - | - | - | - |
MPLX Income Statement
2023-06-30Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 6 Months Ended | ||||||
|---|---|---|---|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |||||
| Sales-type lease revenue | $ 33 | $ 0 | $ 67 | $ 0 | ||||
| Sales-type lease revenue - related parties | 125 | 114 | 250 | 225 | ||||
| Income from equity method investments | 145 | 111 | 279 | 210 | ||||
| Total revenues and other income | 2,690 | 2,940 | 5,403 | 5,550 | ||||
| Costs and Expenses, Related Party | 357 | 351 | 718 | 670 | ||||
| Depreciation and amortization | [1] | 310 | 310 | 606 | 623 | |||
| General and administrative expenses | 89 | 82 | 178 | 160 | ||||
| Other taxes | 28 | 33 | 58 | 67 | ||||
| Total costs and expenses | 1,515 | 1,823 | 3,032 | 3,373 | ||||
| Operating Income (Loss) | 1,175 | 1,117 | 2,371 | 2,177 | ||||
| Interest expense, net of amounts capitalized | 226 | 212 | 450 | 410 | ||||
| Other financial costs | 7 | 20 | 26 | 40 | ||||
| Income before income taxes | 942 | 884 | 1,895 | 1,722 | ||||
| Provision for income taxes | 0 | 0 | 1 | 5 | ||||
| Net income | 942 | 884 | 1,894 | 1,717 | ||||
| Less: Net income attributable to noncontrolling interests | 9 | 9 | 18 | 17 | ||||
| Net income attributable to MPLX LP | [2] | 933 | 875 | 1,876 | 1,700 | |||
| Limited partners' interest in net income attributable to MPLX LP | $ 910 | $ 844 | $ 1,825 | $ 1,637 | ||||
| Net income attributable to MPLX LP per limited partner unit: | ||||||||
| Common - basic | $ 0.91 | $ 0.83 | $ 1.81 | $ 1.61 | ||||
| Common - diluted | $ 0.91 | $ 0.83 | $ 1.81 | $ 1.61 | ||||
| Weighted average limited partner units outstanding: | ||||||||
| Common - basic | 1,001 | 1,012 | 1,001 | 1,013 | ||||
| Common - diluted | 1,001 | 1,012 | 1,001 | 1,014 | ||||
| Nonrelated Party [Member] | ||||||||
| Rental income | $ 59 | $ 102 | $ 120 | $ 193 | ||||
| Other Income | 18 | 6 | 21 | (11) | ||||
| Rental cost of sales | 20 | 42 | 40 | 79 | ||||
| Related Party [Member] | ||||||||
| Rental income | 203 | 198 | 405 | 363 | ||||
| Other Income | 31 | 27 | 58 | 54 | ||||
| Rental cost of sales | 9 | 19 | 16 | 34 | ||||
| General and administrative expenses | 61 | 58 | 125 | 113 | ||||
| Related-party interest and other financial costs | 0 | 1 | 0 | 5 | ||||
| Service [Member] | ||||||||
| Revenue from Contract with Customer, Excluding Assessed Tax - third and related parties | 635 | 577 | 1,240 | 1,131 | ||||
| Revenue from Contract with Customer, Excluding Assessed Tax, Related Parties | 971 | 938 | 1,924 | 1,853 | ||||
| Service, Other [Member] | ||||||||
| Revenue from Contract with Customer, Excluding Assessed Tax - third and related parties | 60 | 118 | 139 | 241 | ||||
| Product [Member] | ||||||||
| Revenue from Contract with Customer, Excluding Assessed Tax - third and related parties | 376 | 698 | 796 | 1,195 | ||||
| Revenue from Contract with Customer, Excluding Assessed Tax, Related Parties | 34 | 51 | 104 | 96 | ||||
| Oil and Gas, Refining and Marketing [Member] | ||||||||
| Cost of Goods and Services Sold | 348 | 323 | 656 | 610 | ||||
| Natural Gas, Midstream [Member] | ||||||||
| Cost of Goods and Services Sold | 354 | 663 | 760 | 1,130 | ||||
| Series A Preferred Stock [Member] | ||||||||
| Net income attributable to MPLX LP | [2] | 27 | 25 | 54 | 48 | |||
| Dividends, Preferred Stock | 23 | 21 | 46 | 42 | ||||
| Series B Preferred Stock [Member] | ||||||||
| Net income attributable to MPLX LP | [2] | 10 | 5 | 21 | ||||
| Dividends, Preferred Stock | 0 | 10 | 5 | 21 | ||||
| Common Stock [Member] | ||||||||
| Net income attributable to MPLX LP | [2] | $ 906 | $ 840 | $ 1,817 | $ 1,631 | |||
| ||||||||
MPLX Balance Sheet
2023-06-30Consolidated Balance Sheets - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 | ||
|---|---|---|---|---|
| Assets | ||||
| Cash and cash equivalents | $ 755 | $ 238 | ||
| Receivables, net | 717 | 737 | ||
| Inventories | 146 | 148 | ||
| Other current assets | 49 | 53 | ||
| Total current assets | 2,321 | 1,905 | ||
| Equity method investments | 4,124 | 4,095 | ||
| Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization | 18,692 | 18,848 | ||
| Intangibles, net | 641 | 705 | ||
| Goodwill | 7,645 | 7,645 | ||
| Other noncurrent assets | 970 | 959 | ||
| Total assets | 35,873 | 35,665 | ||
| Liabilities | ||||
| Accounts payable | 128 | 224 | ||
| Accrued liabilities | 241 | 269 | ||
| Accrued property, plant and equipment | 149 | 128 | ||
| Long-term debt due within one year | 1 | 988 | ||
| Interest Payable, Current | 247 | 237 | ||
| Operating lease liabilities | 49 | 46 | ||
| Total current liabilities | 1,316 | 2,401 | ||
| Long-term deferred revenue | 268 | 219 | ||
| Long-term debt | 20,405 | 18,808 | ||
| Deferred income taxes | 13 | 13 | ||
| Long-term operating lease liabilities | 228 | 230 | ||
| Other long-term liabilities | 113 | 142 | ||
| Total liabilities | 22,684 | 22,151 | ||
| Commitments and contingencies (see Note 14) | ||||
| Equity | ||||
| Accumulated other comprehensive loss | (4) | (8) | ||
| Total MPLX LP partners’ capital | 11,984 | 12,309 | ||
| Noncontrolling interests | 237 | 237 | ||
| Total equity | 12,221 | 12,546 | ||
| Total liabilities, preferred units and equity | 35,873 | 35,665 | ||
| Related Party [Member] | ||||
| Liabilities | ||||
| Other current liabilities | 336 | 343 | ||
| Nonrelated Party [Member] | ||||
| Assets | ||||
| Right of use assets, net | 281 | 283 | ||
| Liabilities | ||||
| Other current liabilities | 165 | 166 | ||
| Related Party [Member] | ||||
| Assets | ||||
| Receivables, net | 510 | 610 | ||
| Current assets - related parties | 654 | 729 | ||
| Other current assets | 5 | 3 | ||
| Right of use assets, net | 228 | 228 | ||
| Noncurrent assets - related parties | 1,199 | 1,225 | ||
| Liabilities | ||||
| Accounts payable | [1] | 254 | 262 | |
| Operating lease liabilities | 1 | 1 | ||
| Other current liabilities | 336 | 343 | ||
| Long-term deferred revenue | 115 | 110 | ||
| Other Liabilities, Noncurrent | 341 | 338 | ||
| Long-term operating lease liabilities | 226 | 228 | ||
| Equity | ||||
| Limited Partners' Capital Account | 3,480 | 3,293 | ||
| Nonrelated Party [Member] | ||||
| Liabilities | ||||
| Long-term deferred revenue | 265 | 216 | ||
| Equity | ||||
| Limited Partners' Capital Account | 8,508 | 8,413 | ||
| Series A Preferred Stock [Member] | ||||
| Liabilities | ||||
| Temporary Equity, Carrying Amount, Including Portion Attributable to Noncontrolling Interests | 968 | 968 | ||
| Series B Preferred Stock [Member] | ||||
| Equity | ||||
| Preferred Units, Preferred Partners' Capital Accounts | $ 0 | $ 611 | ||
| ||||
MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. It operates in two segments, Logistics and Storage, and Gathering and Processing. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, exchange, storage, and marketing of natural gas liquids; gathering, storage, transportation, and distribution of crude oil and refined products, as well as other hydrocarbon-based products; and sale of residue gas and condensate. It also engages in the inland marine businesses comprising transportation of light products, heavy oils, crude oil, renewable fuels, chemicals, and feedstocks in the Mid-Continent and Gulf Coast regions, as well as owns and operates boats and barges, including third-party chartered equipment, and a marine repair facility located on the Ohio River; and distribution of fuel, as well as operates refining logistics, terminals, rail facilities, and storage caverns. In addition, the company operates terminal facilities for the receipt, storage, blending, additization, handling, and redelivery of refined petroleum products located through the pipeline, rail, marine, and over-the-road modes of transportation. MPLX GP LLC acts as the general partner of MPLX LP. The company was incorporated in 2012 and is headquartered in Findlay, Ohio. MPLX LP operates as a subsidiary of Marathon Petroleum Corporation.