56.80
+1.59%
Close of 9 Nov 2026, in USD
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About MPLX
From its filings with the US Securities and Exchange Commission
MPLX is based in Findlay, Ohio. Its shares trade on NYSE under the ticker MPLX. The SEC classifies its business as pipe lines (no natural gas). In the fiscal year to 31 December 2025, it reported revenue of $13.00bn and net income of $4.95bn. At that date it held total assets of $43.01bn.
We may incur significant costs and liabilities resulting from performance of pipeline integrity programs and related repairs, and the expansion of pipeline safety laws and regulations could require us to use more comprehensive and stringent safety controls and subject us to increased capital and operating costs.
Some states have adopted regulations similar to existing PHMSA regulations for intrastate gathering and transmission lines. The adoption of additional laws or regulations that apply more comprehensive or stringent safety standards to gas, NGL, crude oil and refined product lines or other facilities, or the expansion of regulatory inspections by regulators, could require us to install new or modified safety controls, pursue added capital projects, make modifications or operational changes, or conduct maintenance programs on an accelerated basis, all of which could require us to incur increased capital and operational costs or operational delays that could be significant and have a material adverse effect on our business, financial position, results of operations, cash flows and our ability to make distributions to our unitholders.
Quoted from its 10-K, filed 26 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Energy
- Industry
- Oil, Gas & Consumable Fuels
- Listed since
- 26 Oct 2012
- Employees
- 5,762
- Website
- mplx.com ↗
- Head office
- 200 E. HARDIN STREET, FINDLAY, OH, 45840
- Classification
- Pipe Lines (No Natural Gas)
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Michael HenniganExecutive Chairman of the Board, since 2017$23.8m
- Ms. Maryann MannenPresident, Chief Executive Officer, Director, since 2021$14.4m
- Mr. C. Kristopher HagedornChief Financial Officer, Executive Vice President, Director of MPLX GP LLC, since 2017$2.7m
- Mr. Gregory FloerkeChief Operating Officer, Executive Vice President of MPLX GP LLC$3.5m
- Mr. Timothy AydtExecutive Vice President of MPLX GP LLC$3.5m
- Mr. David HeppnerSenior Vice President of MPLX GP LLC
- Mr. Rick HesslingSenior Vice President of MPLX GP LLC
- Mr. Shawn LyonSenior Vice President - Logistics and Storage of MPLX GP LLC$3.4m
- Mr. Brian ParteeSenior Vice President of MPLX GP LLC
- Ms. Kristina KazarianVice President - Finance and Investor Relations of MPLX GP LLC
- Ms. Rebecca ItenVice President, Controller
- Ms. Kelly NieseVice President - Treasury of MPLX GP LLC
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 51
- Environment
- 65
- Social
- 76
- Governance
- 13
- Direct emissions (scope 1)
- 33,000,000 t
- Energy emissions (scope 2)
- 6,800,000 t
- Value chain emissions (scope 3)
- 461,000,000 t
- Women in the workforce
- 18%
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Strong Market Position: MPLX LP holds a significant market share in the energy infrastructure sector, allowing it to enjoy economies of scale and competitive advantage.
- Diverse Asset Portfolio: The company owns and operates a diverse range of midstream assets, including pipelines, terminals, and storage facilities, providing it with a stable and resilient revenue stream.
- Strategic Partnerships: MPLX LP has established strategic partnerships with key industry players, enabling it to leverage their expertise, enhance operational efficiency, and drive growth.
Weaknesses
- Dependence on Commodity Prices: MPLX LP's financial performance is influenced by fluctuations in commodity prices, which could impact its profitability and cash flow in adverse market conditions.
- Regulatory Risks: As a player in the energy sector, the company is subject to various regulatory frameworks and policies that can pose compliance challenges and potentially affect its operations.
- Debt Burden: MPLX LP carries a significant amount of debt, which increases its financial risk and interest expense, limiting its flexibility for future investments or acquisitions.
Opportunities
- Growing Demand for Energy: The increasing global energy demand presents opportunities for MPLX LP to expand its infrastructure and capitalize on the need for reliable transportation and storage services in the energy market.
- Renewable Energy Transition: With the shift towards renewable energy sources, MPLX LP can explore opportunities in renewable infrastructure, such as hydrogen or carbon capture projects, diversifying its portfolio and contributing to sustainable growth.
- Strategic Acquisitions: The company can consider strategic acquisitions of complementary businesses or assets to further expand its market presence, enhance operational efficiencies, and create additional value for shareholders.
Threats
- Volatile Oil and Gas Prices: MPLX LP is exposed to risks associated with price volatility in the oil and gas markets, which can impact its revenue generation and profitability.
- Shifting Regulatory Landscape: Evolving regulations and policies related to energy and environmental standards may require MPLX LP to adapt its operations and incur additional compliance costs, potentially impacting its financial performance.
- Competitive Industry: The midstream energy industry is highly competitive, with numerous players competing for market share. Intense competition can put pressure on MPLX LP's pricing and margins.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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