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    SEC Form SC 13D/A filed by MPLX LP (Amendment)

    5/10/24 4:59:28 PM ET
    $MPLX
    Natural Gas Distribution
    Energy
    Get the next $MPLX alert in real time by email
    SC 13D/A 1 mpcsc13daamend17.htm SCHEDULE 13D/A AMENDMENT NO. 17 Document

    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    WASHINGTON, D.C. 20549
     ___________________________
    SCHEDULE 13D/A
    (Amendment No. 17)
    Under the Securities Exchange Act of 1934
     ___________________________

     MPLX LP
    (Name of Issuer)
    Common Units Representing Limited Partner Interests
    (Title of Class of Securities)
    55336V100
    (CUSIP Number)
    Molly R. Benson
    Chief Legal Officer and Corporate Secretary
    Marathon Petroleum Corporation
    539 South Main Street
    Findlay, Ohio 45840
    (419) 422-2121
    (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
    May 8, 2024
    (Date of Event Which Requires Filing of this Statement)
     ___________________________
    If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.  ¨
    Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.
    *The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
    The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the “Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).






    CUSIP No.: 55336V100 
     
    1
    NAMES OF REPORTING PERSONS
    Marathon Petroleum Corporation
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a)  ¨        (b)  ¨
    3SEC USE ONLY
    4
    SOURCE OF FUNDS
    OO
    5
    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) ¨
    6
    CITIZENSHIP OR PLACE OF ORGANIZATION
    Delaware
    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH REPORTING
    PERSON WITH
    7
    SOLE VOTING POWER
    0
    8
    SHARED VOTING POWER
    647,415,452
    9
    SOLE DISPOSITIVE POWER
    0
    10
    SHARED DISPOSITIVE POWER
    647,415,452
    11
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    647,415,452
    12
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
    13
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    63.3%(1)
    14
    TYPE OF REPORTING PERSON
    HC; CO

    1.
    Based upon 1,022,236,667 common units representing limited partner interests of the Issuer (“MPLX Common Units”) issued and outstanding as of May 8, 2024, with such figure provided to the Reporting Persons by the Issuer.




    CUSIP No.: 55336V100 
     
    1
    NAMES OF REPORTING PERSONS
    MPC Investment LLC
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a)  ¨        (b)  ¨
    3SEC USE ONLY
    4
    SOURCE OF FUNDS
    OO
    5
    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) ¨
    6
    CITIZENSHIP OR PLACE OF ORGANIZATION
    Delaware
    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH REPORTING
    PERSON WITH
    7
    SOLE VOTING POWER
    0
    8
    SHARED VOTING POWER
    504,701,934
    9
    SOLE DISPOSITIVE POWER
    0
    10
    SHARED DISPOSITIVE POWER
    504,701,934
    11
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    504,701,934
    12
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
    13
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    49.4%(1)
    14
    TYPE OF REPORTING PERSON
    OO

    1.
    Based upon 1,022,236,667 MPLX Common Units issued and outstanding as of May 8, 2024, with such figure provided to the Reporting Persons by the Issuer.




    CUSIP No.: 55336V100 
     
    1
    NAMES OF REPORTING PERSONS
    MPLX Logistics Holdings LLC
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a)  ¨        (b)  ¨
    3SEC USE ONLY
    4
    SOURCE OF FUNDS
    OO
    5
    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) ¨
    6
    CITIZENSHIP OR PLACE OF ORGANIZATION
    Delaware
    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH REPORTING
    PERSON WITH
    7
    SOLE VOTING POWER
    0
    8
    SHARED VOTING POWER
    84,722,985
    9
    SOLE DISPOSITIVE POWER
    0
    10
    SHARED DISPOSITIVE POWER
    84,722,985
    11
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    84,722,985
    12
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
    13
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    8.3%(1)
    14
    TYPE OF REPORTING PERSON
    OO

    1.
    Based upon 1,022,236,667 MPLX Common Units issued and outstanding as of May 8, 2024, with such figure provided to the Reporting Persons by the Issuer.

     




    CUSIP No.: 55336V100 
     
    1
    NAMES OF REPORTING PERSONS
    MPLX GP LLC
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a)  ¨        (b)  ¨
    3SEC USE ONLY
    4
    SOURCE OF FUNDS
    OO
    5
    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) ¨
    6
    CITIZENSHIP OR PLACE OF ORGANIZATION
    Delaware
    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH REPORTING
    PERSON WITH
    7
    SOLE VOTING POWER
    0
    8
    SHARED VOTING POWER
    383,527,195
    9
    SOLE DISPOSITIVE POWER
    0
    10
    SHARED DISPOSITIVE POWER
    383,527,195
    11
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    383,527,195
    12
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
    13
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    37.5%(1)
    14
    TYPE OF REPORTING PERSON
    OO

    1.
    Based upon 1,022,236,667 MPLX Common Units issued and outstanding as of May 8, 2024, with such figure provided to the Reporting Persons by the Issuer.




    CUSIP No.: 55336V100 

    1
    NAMES OF REPORTING PERSONS
    Andeavor LLC
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a)  ¨        (b)  ¨
    3SEC USE ONLY
    4
    SOURCE OF FUNDS
    OO
    5
    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) ☒
    6
    CITIZENSHIP OR PLACE OF ORGANIZATION
    Delaware
    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH REPORTING
    PERSON WITH
    7
    SOLE VOTING POWER
    0
    8
    SHARED VOTING POWER
    142,713,518
    9
    SOLE DISPOSITIVE POWER
    0
    10
    SHARED DISPOSITIVE POWER
    142,713,518
    11
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    142,713,518
    12
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
    13
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    14%1
    14
    TYPE OF REPORTING PERSON
    OO

    1.
    Based upon 1,022,236,667 MPLX Common Units issued and outstanding as of May 8, 2024, with such figure provided to the Reporting Persons by the Issuer.




    CUSIP No.: 55336V100 
    1
    NAMES OF REPORTING PERSONS
    Western Refining, Inc.
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a)  ¨        (b)  ¨
    3SEC USE ONLY
    4
    SOURCE OF FUNDS
    OO
    5
    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) ¨
    6
    CITIZENSHIP OR PLACE OF ORGANIZATION
    Delaware
    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH REPORTING
    PERSON WITH
    7
    SOLE VOTING POWER
    0
    8
    SHARED VOTING POWER
    142,713,518
    9
    SOLE DISPOSITIVE POWER
    0
    10
    SHARED DISPOSITIVE POWER
    142,713,518
    11
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    142,713,518
    12
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
    13
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    14%1
    14
    TYPE OF REPORTING PERSON
    CO

    1.
    Based upon 1,022,236,667 MPLX Common Units issued and outstanding as of May 8, 2024, with such figure provided to the Reporting Persons by the Issuer.




    CUSIP No.: 55336V100 

    1
    NAMES OF REPORTING PERSONS
    TTC Holdings LLC
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a)  ¨        (b)  ¨
    3SEC USE ONLY
    4
    SOURCE OF FUNDS
    OO
    5
    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) ¨
    6
    CITIZENSHIP OR PLACE OF ORGANIZATION
    Delaware
    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH REPORTING
    PERSON WITH
    7
    SOLE VOTING POWER
    0
    8
    SHARED VOTING POWER
    142,713,518
    9
    SOLE DISPOSITIVE POWER
    0
    10
    SHARED DISPOSITIVE POWER
    142,713,518
    11
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    142,713,518
    12
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
    13
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    14%1
    14
    TYPE OF REPORTING PERSON
    OO

    1.
    Based upon 1,022,236,667 MPLX Common Units issued and outstanding as of May 8, 2024, with such figure provided to the Reporting Persons by the Issuer.




    CUSIP No.: 55336V100 

    1
    NAMES OF REPORTING PERSONS
    Giant Industries, Inc.
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a)  ¨        (b)  ¨
    3SEC USE ONLY
    4
    SOURCE OF FUNDS
    OO
    5
    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)  ¨
    6
    CITIZENSHIP OR PLACE OF ORGANIZATION
    Delaware
    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH REPORTING
    PERSON WITH
    7
    SOLE VOTING POWER
    0
    8
    SHARED VOTING POWER
    142,713,518
    9
    SOLE DISPOSITIVE POWER
    0
    10
    SHARED DISPOSITIVE POWER
    142,713,518
    11
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    142,713,518
    12
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
    13
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    14%1
    14
    TYPE OF REPORTING PERSON
    CO

    1.
    Based upon 1,022,236,667 MPLX Common Units issued and outstanding as of May 8, 2024, with such figure provided to the Reporting Persons by the Issuer.






    Explanatory Note: This Amendment No. 17 amends and supplements the statement on Schedule 13D filed by Marathon Petroleum Corporation (“MPC”) and certain of its subsidiaries concerning the common units representing limited partner interests (“MPLX Common Units”) in MPLX LP (the “Issuer”) filed on December 3, 2014, as amended on December 12, 2014, August 19, 2015, December 7, 2015, April 4, 2016, March 6, 2017, September 1, 2017, December 18, 2017, February 5, 2018, October 1, 2018, November 5, 2018, May 9, 2019, August 2, 2019, August 4, 2020, January 5, 2021, September 22, 2021 and October 4, 2022 (the “Schedule 13D”). The Schedule 13D is not modified except as specifically provided herein. Any term capitalized but not defined herein shall have the same meaning as defined in the Schedule 13D.

    This Amendment No. 17 is being filed to report the decrease in the percentage of MPLX Common Units beneficially owned by the Reporting Persons since the previous reporting date on account of an increase in the number of MPLX Common Units outstanding as a result of conversions of the Issuer’s Series A Convertible Preferred Units into MPLX Common Units.
    Item 1.Security and Issuer.
    There are no changes to this Item.
    Item 2.Identity and Background.
    (a)The reporting persons are:

    i.MPC is a Delaware corporation. The name of each director and executive officer of MPC, and each individual’s principal occupation, is set forth on Schedule I to this Schedule 13D;

    ii.MPC Investment LLC (“MPC Investment”), a Delaware limited liability company that is wholly owned by MPC;

    iii.MPLX Logistics Holdings LLC (“MPLX Logistics”), a Delaware limited liability company that is wholly owned by MPC Investment;

    iv.MPLX GP LLC (“MPLX GP”), a Delaware limited liability company that is wholly owned by MPC Investment;

    v.Andeavor LLC, a Delaware limited liability company that is wholly owned by MPC;

    vi.Western Refining, Inc. (“Western Refining”), a Delaware corporation that is wholly owned by Andeavor LLC;

    vii.TTC Holdings LLC (“TTC Holdings”), a Delaware limited liability company that is wholly owned by Western Refining; and

    viii.Giant Industries, Inc. (“Giant”), a Delaware corporation that is wholly owned by TTC Holdings.

    (b)The business address of MPC, MPC Investment, Andeavor LLC, Western Refining, TTC Holdings, Giant and each person listed in Schedule I is 539 S. Main Street, Findlay, Ohio 45840. The business address of MPLX Logistics and MPLX GP is 200 E. Hardin Street, Findlay, Ohio 45840.

    (c)MPC, MPC Investment, MPLX Logistics, Andeavor LLC, Western Refining, TTC Holdings and Giant are holding companies, the assets of which consist of direct and indirect ownership interests in, and the business of which is conducted substantially through, their subsidiaries. MPLX GP serves as the general partner of the Issuer.

    (d)Within the last five years, none of the Reporting Persons nor, to the knowledge of the Reporting Persons, any person named in Schedule I, has been convicted in any criminal proceedings (excluding traffic violations or similar misdemeanors).

    (e)On October 15, 2020, the United States Securities and Exchange Commission (the “SEC”) announced an agreement with Andeavor LLC, as successor-by-merger to Andeavor and a wholly owned subsidiary of MPC, to settle an investigation regarding Andeavor’s historical share repurchase activity. As part of the settlement with the SEC,



    Andeavor LLC agreed to pay a $20 million penalty and consent to the entry of an Administrative Order containing findings that Andeavor violated Section 13(b)(2)(B) of the Act, and ordering Andeavor LLC to cease and desist from committing or causing any violations and any future violations of that provision. Andeavor LLC neither admitted nor denied the SEC’s findings.
    Other than as set forth above in this Item 2, within the last five years none of the Reporting Persons nor, to the knowledge of the Reporting Persons, any person named in Schedule I, has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
    (f)The citizenship of each of the directors and executive officers of MPC is set forth in Schedule I to this Schedule 13D.
    The Issuer is managed and operated by the board of directors and executive officers of MPLX GP, its general partner. MPC Investment, a direct wholly owned subsidiary of MPC, owns all of the membership interests in MPLX GP and has the right to appoint the entire board of directors of MPLX GP. Accordingly, MPLX GP is an indirect wholly owned subsidiary of MPC.
    Item 3.Source and Amount of Funds or Other Consideration.
    There are no changes to this Item.

    Item 4.Purpose of the Transaction.
    There are no changes to this Item.

    Item 5.Interest in Securities of the Issuer.
    The information previously provided in response to Item 5 is hereby amended and restated as follows.
    (a) - (b)    The information provided in row 1 and rows 7 through 11 and row 13 of the cover pages of this Schedule 13D is incorporated herein by reference.
    (c) Except as described herein or as set forth in Schedule I of this Schedule 13D, none of the Reporting Persons nor any person listed on Schedule I has effected any transactions in MPLX Common Units within the past 60 days.
    (d) The Reporting Persons have the right to receive distributions from, and the proceeds from the sale of, the respective MPLX Common Units reported by such persons on the cover pages of this Schedule 13D and in this Item 5. None of the Reporting Persons have any knowledge of any other person having the right to receive or the power to direct the receipt of distributions from, or the proceeds from the sale of, the MPLX Common Units held in the name of the Reporting Persons.
    (e) Not applicable.
    Item 6.Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
    There are no changes to this Item.

    Item 7.Materials to be Filed as Exhibits.
    There are no changes to this Item.




    SIGNATURE
    After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

     
    Dated: May 10, 2024
       
    MARATHON PETROLEUM CORPORATIONMPC INVESTMENT LLC
    By:/s/ Molly R. BensonBy:/s/ Molly R. Benson
    Name:Molly R. BensonName:Molly R. Benson
    Title:Chief Legal Officer and Corporate SecretaryTitle:Chief Legal Officer and Corporate Secretary

    MPLX LOGISTICS HOLDINGS LLCMPLX GP LLC
    By:/s/ Molly R. BensonBy:/s/ Molly R. Benson
    Name:Molly R. BensonName:Molly R. Benson
    Title:Vice President and Secretary
    Title:Chief Legal Officer and Corporate Secretary

    ANDEAVOR LLCWESTERN REFINING, INC.
    By:/s/ Molly R. BensonBy:/s/ Molly R. Benson
    Name:Molly R. BensonName:Molly R. Benson
    Title:Vice President and SecretaryTitle:Vice President and Secretary


    TTC HOLDINGS LLCGIANT INDUSTRIES, INC.
    By:/s/ Molly R. BensonBy:/s/ Molly R. Benson
    Name:Molly R. BensonName:Molly R. Benson
    Title:Vice President and SecretaryTitle:Vice President and Secretary




    Schedule I
    Information regarding each director and executive officer of Marathon Petroleum Corporation is set forth below. The business address for each director and executive officer is c/o Marathon Petroleum Corporation, 539 South Main Street, Findlay, Ohio, United States.
    Marathon Petroleum Corporation
    Name, Title  Principal Occupation  CitizenshipTransactions
    in Last
    60 Days
    Directors    
    Michael J. Hennigan  Chief Executive Officer
    Marathon Petroleum Corporation
      U.S.—
    Abdulaziz F. Alkhayyal
    Retired Senior Vice President, Industrial Relations
    Saudi Aramco
    Saudi Arabia
    105.8811
    Evan Bayh  Senior Advisor
    Apollo Global Management
      U.S.
    105.8811
    Charles E. BunchRetired Chairman of the Board and CEO
    PPG Industries, Inc.
    U.S.
    105.8811
    Jonathan Z. CohenFounder, Chief Executive Officer and President
    Hepco Capital Management, LLC
    U.S.
    105.8811
    Eileen P. DrakeFormer Chief Executive Officer and President
    Aerojet Rocketdyne Holdings, Inc.
    U.S.
    105.8811
    Kimberly N. Ellison-TaylorFormer Global Leader
    Oracle Corporation
    U.S.
    105.8811
    Edward G. GalanteRetired Senior Vice President and Member of the Management Committee
    ExxonMobil Corporation
    U.S.
    105.8811
    Kim K.W. RuckerFormer Executive Vice President, General Counsel and Secretary
    Andeavor
    U.S.
    105.8811
    Frank M. SempleRetired Chairman, President and Chief Executive Officer
    MarkWest Energy Partners, L.P.
    U.S.
    862.1731
    J. Michael Stice
    Professor
    University of Oklahoma
    U.S.
    862.1731
    John P. Surma  Non-Executive Chairman of the Board,
    Marathon Petroleum Corporation
      U.S.
    862.1731
    Susan TomaskyRetired President of AEP Transmission
    American Electric Power
    U.S.
    105.8811
    Executive Officers    
    Michael J. Hennigan  Chief Executive Officer  U.S.—
    Timothy J. AydtExecutive Vice President, Refining  U.S.—
    Molly R. BensonChief Legal Officer and Corporate SecretaryU.S.—
    Erin M. BrzezinskiVice President and ControllerU.S.—
    Gregory S. FloerkeExecutive Vice President and Chief Operating Officer, MPLX GP LLCU.S.—
    Ricky D. HesslingChief Commercial OfficerU.S.—
    Shawn M. LyonSenior Vice President, Logistics & Storage, MPLX GP LLCU.S.—
    Maryann T. Mannen  President  U.S.—
    John J. QuaidExecutive Vice President and Chief Financial OfficerU.S.—
    (1)
    Phantom units awarded on 4/1/2024 pursuant to the MPLX LP 2018 Incentive Compensation Plan and credited within a deferred account.


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    MPLX LP to Acquire Northwind Midstream, Enhancing Permian Natural Gas and NGL Value Chains

    FINDLAY, Ohio, July 31, 2025 /PRNewswire/ -- MPLX LP (NYSE:MPLX) today announced it has entered into a definitive agreement to acquire Northwind Delaware Holdings LLC (Northwind Midstream) for $2.375 billion in cash consideration, subject to customary purchase price adjustments. MPLX intends to finance the acquisition with debt. The transaction is expected to be immediately accretive to distributable cash flow and represents a 7x multiple on forecast 2027 EBITDA. The anticipated mid-teen unlevered return is inclusive of incremental capital spend associated with in-process expansion activity. Northwind provides sour gas gathering, treating, and processing services in Lea County, New Mexico.

    7/31/25 7:30:00 AM ET
    $MPLX
    Natural Gas Distribution
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    $MPLX
    Insider Trading

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    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

    Director Stice J Michael was granted 907 units of Common Units, increasing direct ownership by 2% to 50,313 units (SEC Form 4)

    4 - MPLX LP (0001552000) (Issuer)

    5/20/25 7:29:04 AM ET
    $MPLX
    Natural Gas Distribution
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    Director Semple Frank M was granted 990 units of Common Units, increasing direct ownership by 2% to 54,918 units (SEC Form 4)

    4 - MPLX LP (0001552000) (Issuer)

    5/20/25 7:26:00 AM ET
    $MPLX
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    SEC Filings

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    SEC Form 8-K filed by MPLX LP

    8-K - MPLX LP (0001552000) (Filer)

    8/11/25 11:29:06 AM ET
    $MPLX
    Natural Gas Distribution
    Energy

    SEC Form 424B5 filed by MPLX LP

    424B5 - MPLX LP (0001552000) (Filer)

    8/8/25 4:41:40 PM ET
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    Natural Gas Distribution
    Energy

    SEC Form FWP filed by MPLX LP

    FWP - MPLX LP (0001552000) (Subject)

    8/7/25 5:22:46 PM ET
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    $MPLX
    Insider Purchases

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    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
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    $MPLX
    Analyst Ratings

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    BofA Securities resumed coverage on MPLX LP with a new price target

    BofA Securities resumed coverage of MPLX LP with a rating of Underperform and set a new price target of $43.00

    10/17/24 8:00:58 AM ET
    $MPLX
    Natural Gas Distribution
    Energy

    Goldman resumed coverage on MPLX LP with a new price target

    Goldman resumed coverage of MPLX LP with a rating of Buy and set a new price target of $40.00

    10/6/23 7:39:38 AM ET
    $MPLX
    Natural Gas Distribution
    Energy

    MPLX LP upgraded by JP Morgan with a new price target

    JP Morgan upgraded MPLX LP from Neutral to Overweight and set a new price target of $41.00 from $37.00 previously

    3/14/23 7:25:11 AM ET
    $MPLX
    Natural Gas Distribution
    Energy

    $MPLX
    Large Ownership Changes

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    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
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    SEC Form SC 13G/A filed by MPLX LP (Amendment)

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

    2/9/24 5:18:53 PM ET
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    Natural Gas Distribution
    Energy

    SEC Form SC 13G/A filed by MPLX LP (Amendment)

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

    2/9/23 4:55:01 PM ET
    $MPLX
    Natural Gas Distribution
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    $MPLX
    Leadership Updates

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    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
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    Natural Gas Distribution

    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
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    $MPLX
    Financials

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    MPLX LP Reports Second-Quarter 2025 Financial Results

    FINDLAY, Ohio, Aug. 5, 2025 /PRNewswire/ -- Announced Northwind Midstream acquisition for $2.375 billion enhances Permian Natural Gas and NGL value chain and accelerates future growth opportunitiesSecond-quarter net income attributable to MPLX of $1.0 billion and net cash provided by operating activities of $1.7 billionAdjusted EBITDA attributable to MPLX of $1.7 billion, reflecting execution of value chain growth strategyDistributable cash flow of $1.4 billion, enabling the return of $1.1 billion of capitalMPLX LP (NYSE:MPLX) today reported second-quarter 2025 net income attributable to MPLX of $1,048 million, compared with $1,176 million for the second quarter of 2024. For the first half

    8/5/25 6:35:00 AM ET
    $MPC
    $MPLX
    Integrated oil Companies
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    Natural Gas Distribution

    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

    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
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    Natural Gas Distribution