• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Helper
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees for your businessNEW
    Legal
    Terms of usePrivacy policyCookie policy

    MPLX LP Announces Leadership Transition Effective August 1, 2024

    5/13/24 4:45:00 PM ET
    $MPC
    $MPLX
    Integrated oil Companies
    Energy
    Natural Gas Distribution
    Energy
    Get the next $MPC alert in real time by email
    • Maryann Mannen elected President and CEO
    • Mike Hennigan to transition to Executive Chairman of the Board of Directors

    FINDLAY, Ohio, May 13, 2024 /PRNewswire/ -- MPLX LP (NYSE:MPLX) today announced its leadership transition plan, effective August 1, 2024. At that time, Maryann T. Mannen, President of Marathon Petroleum Corporation (NYSE:MPC), will succeed Michael J. Hennigan as President and Chief Executive Officer of MPLX GP LLC, the general partner of MPLX. Mannen will continue to serve on the Board of Directors of the general partner of MPLX, and Hennigan will assume the role of Executive Chairman of the Board. Christopher A. Helms will continue as the Board's independent Lead Director.

    Hennigan has led the general partner of MPLX as Chairman of the Board of Directors since April 2020, as CEO since November 2019, and as President since June 2017. Mannen has served as a member of the Board of Directors since February 2021. Helms has been independent Lead Director of the Board since May 2023, having served as a member of the Board since 2012. 

    "On behalf of the Board of Directors, I want to express my confidence in Maryann to lead MPLX as CEO," said Hennigan. "Maryann has been an invaluable contributor to the success of the partnership, and I could not be more pleased for unitholders."

    During Hennigan's leadership as CEO, MPLX's accomplishments include:

    • Return of approximately $15 billion to MPLX unitholders through distributions and unit repurchases, for total unitholder return, with distributions reinvested, of 589% since March 2020; and
    • Significant growth of the business, including expansion in the Marcellus, Utica and Permian basins.

    "MPLX is well positioned to advance our growth strategy and our disciplined approach to capital allocation," said Mannen. "I look forward to building on the momentum we've created as we continue safely delivering the fuels the world needs."

    Also announced today and effective August 1, 2024, Mannen will lead MPC as its President and CEO, and Hennigan will serve as its Executive Chairman.

    About Maryann Mannen

    Mannen has served as a member of the Board of Directors of the general partner of MPLX since February 2021. She was elected MPC President effective January 2024, having previously served as Executive Vice President and Chief Financial Officer since January 2021. Before joining MPC, Mannen served as Executive Vice President and Chief Financial Officer of TechnipFMC (a successor to FMC Technologies, Inc.), a leading global engineering services and energy technology company, since 2017. She previously served as Executive Vice President and Chief Financial Officer of FMC Technologies, Inc. since 2014, as Senior Vice President and Chief Financial Officer since 2011, and in various positions of increasing responsibility with FMC Technologies, Inc. since 1986. Mannen also serves on the board of directors of Owens Corning, an insulation, roofing and fiberglass composites company.

    About Mike Hennigan

    Hennigan was elected MPLX CEO in November 2019 and President in June 2017. He has served as Chairman of the Board of Directors of the general partner of MPLX since April 2020. In addition, Hennigan was elected MPC CEO in March 2020 and has served as a member of the MPC Board of Directors since April 2020. Before joining the general partner of MPLX LP, Hennigan was President, Crude, NGL and Refined Products of the general partner of Energy Transfer Partners L.P. He was President and Chief Executive Officer of Sunoco Logistics Partners L.P. from 2012 to 2017, President and Chief Operating Officer beginning in 2010, and Vice President, Business Development, beginning in 2009. Hennigan also serves on the board of directors of Nutrien, a Canadian agricultural services company.

    About Chris Helms

    Helms was elected Lead Director of the MPLX GP LLC Board of Directors effective May 2023, having served as a director since 2012. From 2005 until his retirement in 2011, Helms served in various capacities with NiSource Inc. and its affiliate, NiSource Gas Transmission and Storage, including as Executive Vice President and Group Chief Executive Officer. Prior to joining NiSource, Helms held senior executive positions with various energy companies.

    About MPLX LP

    MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets, and provides fuels distribution services. MPLX's assets include a network of crude oil and refined product pipelines; an inland marine business; light-product terminals; storage caverns; refinery tanks, docks, loading racks, and associated piping; and crude and light-product marine terminals. The company also owns crude oil and natural gas gathering systems and pipelines as well as natural gas and NGL processing and fractionation facilities in key U.S. supply basins. More information is available at www.MPLX.com.

    Investor Relations Contacts: (419) 421-2071

    Kristina Kazarian, Vice President Finance and Investor Relations

    Brian Worthington, Director, Investor Relations

    Isaac Feeney, Supervisor, Investor Relations

    Media Contact: (419) 421-3577

    Jamal Kheiry, Communications Manager

    Cision View original content:https://www.prnewswire.com/news-releases/mplx-lp-announces-leadership-transition-effective-august-1-2024-302143956.html

    SOURCE MPLX LP

    Get the next $MPC alert in real time by email

    Crush Q3 2025 with the Best AI Executive Assistant

    Stay ahead of the competition with Tailforce.ai - your AI-powered business intelligence partner.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Tailforce.ai

    Recent Analyst Ratings for
    $MPC
    $MPLX

    CompanyDatePrice TargetRatingAnalyst
    Marathon Petroleum Corporation
    $MPC
    7/15/2025$200.00Strong Buy → Outperform
    Raymond James
    Marathon Petroleum Corporation
    $MPC
    7/14/2025Outperform → Peer Perform
    Wolfe Research
    Marathon Petroleum Corporation
    $MPC
    6/18/2025$170.00In-line
    Evercore ISI
    Marathon Petroleum Corporation
    $MPC
    6/10/2025$152.00 → $163.00Buy
    TD Cowen
    Marathon Petroleum Corporation
    $MPC
    5/7/2025$142.00 → $152.00Buy
    TD Cowen
    Marathon Petroleum Corporation
    $MPC
    12/10/2024$170.00Buy
    TD Cowen
    Marathon Petroleum Corporation
    $MPC
    11/6/2024$174.00 → $170.00Buy
    TD Cowen
    MPLX LP
    $MPLX
    10/17/2024$43.00Underperform
    BofA Securities
    More analyst ratings

    $MPC
    $MPLX
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Chief Commercial Officer Hessling Ricky D. bought $269,440 worth of shares (2,000 units at $134.72), increasing direct ownership by 20% to 12,162 units (SEC Form 4)

      4 - Marathon Petroleum Corp (0001510295) (Issuer)

      3/13/25 6:55:55 AM ET
      $MPC
      Integrated oil Companies
      Energy
    • Senior VP, Log. & Storage Lyon Shawn M bought $211,000 worth of Common Units (4,000 units at $52.75), increasing direct ownership by 19% to 25,299 units (SEC Form 4)

      4 - MPLX LP (0001552000) (Issuer)

      3/11/25 6:58:58 AM ET
      $MPLX
      Natural Gas Distribution
      Energy
    • Director Bayh Evan bought $133,700 worth of shares (1,000 units at $133.70), increasing direct ownership by 1% to 69,305 units (SEC Form 4)

      4 - Marathon Petroleum Corp (0001510295) (Issuer)

      3/7/25 7:10:39 AM ET
      $MPC
      Integrated oil Companies
      Energy

    $MPC
    $MPLX
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • MPLX LP to Report Second-Quarter Results on August 5, 2025

      FINDLAY, Ohio, June 5, 2025 /PRNewswire/ -- MPLX LP (NYSE:MPLX) will host a conference call on Tuesday, August 5, 2025, at 9:30 a.m. EDT to discuss 2025 second-quarter financial results. Interested parties may listen to the conference call by visiting MPLX's website at www.mplx.com. A replay of the webcast will be available on MPLX's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.mplx.com. About MPLX LP  MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets and provid

      6/5/25 5:25:00 PM ET
      $MPLX
      Natural Gas Distribution
      Energy
    • Marathon Petroleum Corp. to Report Second-Quarter Financial Results on August 5, 2025

      FINDLAY, Ohio, June 5, 2025 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE:MPC) will host a conference call on Tuesday, August 5, 2025, at 11 a.m. EDT to discuss 2025 second-quarter financial results. Interested parties may listen to the conference call by visiting MPC's website at www.marathonpetroleum.com. A replay of the webcast will be available on MPC's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.marathonpetroleum.com. About Marathon Petroleum Corporation MPC is a leading, integrated, downstream and midstream energy company headquartered in

      6/5/25 5:25:00 PM ET
      $MPC
      Integrated oil Companies
      Energy
    • I Squared Capital to Acquire Stake in Strategic Permian Natural Gas Pipeline Asset

      I Squared Capital, a leading independent global infrastructure investment manager, together with MPLX LP (NYSE:MPLX), and Enbridge Inc. (NYSE:ENB), today announced that it has agreed to acquire a significant equity interest in the Matterhorn Express Pipeline (MXP), a 2.5 billion cubic feet per day (Bcf/d) natural gas pipeline connecting the Permian Basin to key Texas demand centers and U.S. Gulf Coast LNG export terminals. "This investment exemplifies our strategy of acquiring critical infrastructure assets that support the major re-industrialization themes we see in the U.S. economy today," said Gautam Bhandari, Global Chief Investment Officer and Managing Partner of I Squared Capital. "T

      5/15/25 10:47:00 AM ET
      $ENB
      $MPLX
      $OKE
      Natural Gas Distribution
      Energy
      Oil & Gas Production
      Utilities

    $MPC
    $MPLX
    SEC Filings

    See more
    • SEC Form 144 filed by Marathon Petroleum Corporation

      144 - Marathon Petroleum Corp (0001510295) (Subject)

      7/3/25 11:00:52 AM ET
      $MPC
      Integrated oil Companies
      Energy
    • SEC Form 11-K filed by Marathon Petroleum Corporation

      11-K - Marathon Petroleum Corp (0001510295) (Filer)

      6/23/25 4:06:30 PM ET
      $MPC
      Integrated oil Companies
      Energy
    • SEC Form 10-Q filed by MPLX LP

      10-Q - MPLX LP (0001552000) (Filer)

      5/6/25 1:14:36 PM ET
      $MPLX
      Natural Gas Distribution
      Energy

    $MPC
    $MPLX
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more

    $MPC
    $MPLX
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Marathon Petroleum downgraded by Raymond James with a new price target

      Raymond James downgraded Marathon Petroleum from Strong Buy to Outperform and set a new price target of $200.00

      7/15/25 8:37:18 AM ET
      $MPC
      Integrated oil Companies
      Energy
    • Marathon Petroleum downgraded by Wolfe Research

      Wolfe Research downgraded Marathon Petroleum from Outperform to Peer Perform

      7/14/25 9:29:19 AM ET
      $MPC
      Integrated oil Companies
      Energy
    • Evercore ISI initiated coverage on Marathon Petroleum with a new price target

      Evercore ISI initiated coverage of Marathon Petroleum with a rating of In-line and set a new price target of $170.00

      6/18/25 7:58:15 AM ET
      $MPC
      Integrated oil Companies
      Energy
    • Director Rucker Kim K.W. sold $1,293,600 worth of shares (7,392 units at $175.00), decreasing direct ownership by 28% to 18,944 units (SEC Form 4)

      4 - Marathon Petroleum Corp (0001510295) (Issuer)

      7/7/25 9:05:23 AM ET
      $MPC
      Integrated oil Companies
      Energy
    • New insider Henschen Michael A Ii claimed ownership of 22,423 shares (SEC Form 3)

      3 - Marathon Petroleum Corp (0001510295) (Issuer)

      6/4/25 11:15:52 AM ET
      $MPC
      Integrated oil Companies
      Energy
    • Director Surma John P was granted 1,390 units of Common Units, increasing direct ownership by 2% to 84,620 units (SEC Form 4)

      4 - MPLX LP (0001552000) (Issuer)

      5/20/25 7:32:00 AM ET
      $MPLX
      Natural Gas Distribution
      Energy

    $MPC
    $MPLX
    Leadership Updates

    Live Leadership Updates

    See more
    • MPLX LP Announces Leadership Transition Effective August 1, 2024

      Maryann Mannen elected President and CEOMike Hennigan to transition to Executive Chairman of the Board of DirectorsFINDLAY, Ohio, May 13, 2024 /PRNewswire/ -- MPLX LP (NYSE:MPLX) today announced its leadership transition plan, effective August 1, 2024. At that time, Maryann T. Mannen, President of Marathon Petroleum Corporation (NYSE:MPC), will succeed Michael J. Hennigan as President and Chief Executive Officer of MPLX GP LLC, the general partner of MPLX. Mannen will continue to serve on the Board of Directors of the general partner of MPLX, and Hennigan will assume the role of Executive Chairman of the Board. Christopher A. Helms will continue as the Board's independent Lead Director. Hen

      5/13/24 4:45:00 PM ET
      $MPC
      $MPLX
      Integrated oil Companies
      Energy
      Natural Gas Distribution
    • Marathon Petroleum Corp. Announces Leadership Transition Effective August 1, 2024

      Maryann Mannen elected President and CEO, will join the Board of DirectorsMike Hennigan to transition from CEO to Executive Chairman of the Board of DirectorsJohn Surma elected Lead Independent DirectorFINDLAY, Ohio, May 13, 2024 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE:MPC) today announced its leadership transition plan, with all positions effective August 1, 2024. At that time, MPC President Maryann T. Mannen will succeed Michael J. Hennigan as Chief Executive Officer and will join the Board of Directors; Hennigan will transition from CEO to Executive Chairman of the Board; and, continuing as the Board's strong independent voice, MPC Chairman John Surma has been elected to serve as L

      5/13/24 4:45:00 PM ET
      $MPC
      Integrated oil Companies
      Energy
    • WHISTLER PIPELINE AND ENBRIDGE AGREE TO STRATEGIC COMBINATION OF WHISTLER AND RIO BRAVO NATURAL GAS ASSETS

      AUSTIN, Texas, March 26, 2024 /PRNewswire/ -- WhiteWater, I Squared, MPLX LP (NYSE:MPLX), and Enbridge Inc. (TSX:ENB) (NYSE:ENB) jointly announce they have entered into a definitive agreement to strategically combine the Whistler Pipeline and Rio Bravo Pipeline project in a newly formed joint venture. Enbridge will contribute its wholly-owned Rio Bravo Pipeline project and cash in exchange for an ownership stake in the newly formed joint venture. Following the closing of the transaction, the ownership in the joint venture will be WhiteWater/I Squared (50.6%), MPLX (30.4%), and

      3/26/24 7:00:00 AM ET
      $ENB
      $MPLX
      Natural Gas Distribution
      Energy

    $MPC
    $MPLX
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13G/A filed by Marathon Petroleum Corporation

      SC 13G/A - Marathon Petroleum Corp (0001510295) (Subject)

      9/10/24 10:30:07 AM ET
      $MPC
      Integrated oil Companies
      Energy
    • SEC Form SC 13D/A filed by MPLX LP (Amendment)

      SC 13D/A - MPLX LP (0001552000) (Subject)

      5/10/24 4:59:28 PM ET
      $MPLX
      Natural Gas Distribution
      Energy
    • SEC Form SC 13G/A filed by Marathon Petroleum Corporation (Amendment)

      SC 13G/A - Marathon Petroleum Corp (0001510295) (Subject)

      2/13/24 4:55:49 PM ET
      $MPC
      Integrated oil Companies
      Energy

    $MPC
    $MPLX
    Financials

    Live finance-specific insights

    See more
    • MPLX LP to Report Second-Quarter Results on August 5, 2025

      FINDLAY, Ohio, June 5, 2025 /PRNewswire/ -- MPLX LP (NYSE:MPLX) will host a conference call on Tuesday, August 5, 2025, at 9:30 a.m. EDT to discuss 2025 second-quarter financial results. Interested parties may listen to the conference call by visiting MPLX's website at www.mplx.com. A replay of the webcast will be available on MPLX's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.mplx.com. About MPLX LP  MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets and provid

      6/5/25 5:25:00 PM ET
      $MPLX
      Natural Gas Distribution
      Energy
    • Marathon Petroleum Corp. to Report Second-Quarter Financial Results on August 5, 2025

      FINDLAY, Ohio, June 5, 2025 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE:MPC) will host a conference call on Tuesday, August 5, 2025, at 11 a.m. EDT to discuss 2025 second-quarter financial results. Interested parties may listen to the conference call by visiting MPC's website at www.marathonpetroleum.com. A replay of the webcast will be available on MPC's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.marathonpetroleum.com. About Marathon Petroleum Corporation MPC is a leading, integrated, downstream and midstream energy company headquartered in

      6/5/25 5:25:00 PM ET
      $MPC
      Integrated oil Companies
      Energy
    • MPLX LP Reports First-Quarter 2025 Financial Results

      FINDLAY, Ohio, May 6, 2025 /PRNewswire/ -- Executing Natural Gas & NGL growth strategy with agreement to acquire 100% ownership in BANGL, LLC and FID of the Traverse natural gas pipelineFirst-quarter net income attributable to MPLX of $1.1 billion and net cash provided by operating activities of $1.2 billionAdjusted EBITDA attributable to MPLX of $1.8 billion, reflecting execution of value chain growth strategyDistributable cash flow of $1.5 billion, enabling the return of $1.1 billion of capitalMPLX LP (NYSE:MPLX) today reported first-quarter 2025 net income attributable to MPLX of $1,126 million, compared with $1,005 million for the first quarter of 2024. Adjusted earnings before interest

      5/6/25 6:35:00 AM ET
      $MPC
      $MPLX
      Integrated oil Companies
      Energy
      Natural Gas Distribution