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  •  
  • AMZ Index     335.75
  • AMZ Net Change     1.31
  • AMZ Net Change %     0.39%
  • AMZ WTD   0.39%
  • AMZ YTD   5.57%
  • As of Date   2/21/2017

MPLX
MPLX LP
Oil & Gas
Midstream
Limited Partner
Exchange Listing Date 10/26/2012
Website mplx.com
Commodity Exposure Oil & Gas
Primary Operating Regions Illinois
Distribution Payment Type QUARTERLY CASH
General Partner MPLX GP LLC
Incentive Distribution Rights YES
Market Capitalization $13,697(MM)
Common Units 348,489,049
Subordinated Class  
At The Money Issuance Program Y
Most Recent Secondary Offering 12/2/2014
Previous Secondary Offering  
Institutional Ownership 50.00%
Total Long Term Debt $4,423,000,000
Value Chain Midstream
Other Operating Regions  
Tax Treatment of Income
K-1
Multi-State Income:   Y
GP or Sponsor Ticker MPC
General Partner Distribution Split 50%
Total Units
352,479,927
As of Date :   9/30/2016
Class A/B/C/D/E/F 3,990,878
Subordinated Units  
At The Money (ATM) Issuance $1,500,000,000
Most Recent Secondary Amount
+0.85% increase
3,000,000
Previous Secondary Amount  
Insider Ownership 46.73%
K-1 Dates
2016 Tax Year:   3/1/2017
Partnership Details    Asset Map

MPLX LP owns, operates, develops, and acquires crude oil, refined product, and other hydrocarbon-based product pipelines and other midstream assets in the United States. It owns and operates a network of pipeline systems that include approximately 962 miles of common carrier crude oil pipelines and approximately 1,819 miles of common carrier product pipelines in 9 states. MPLX LP was incorporated in 2012 and is based in Findlay, Ohio. MPLX LP is a subsidiary of Marathon Petroleum Corporation.

Management Background
Name Title Tenure Prev. Role Base Comp. Total Comp. Year
George P. Shaffner COO 2012 Marathon Oil $ 425,000 $ 554,648 2014
$ 425,000 $ 531,205 2013
Gary R. Heminger CEO 2011 Marathon Oil $ 1,175,000 $ 3,335,047 2014
$ 1,175,000 $ 2,768,015 2013
$ 195,833 $ 195,833 2012
Donald C. Templin CFO 2011 PWC $ 475,000 $ 950,212 2014
$ 475,000 $ 840,419 2013
Garry L. Peiffer President 2012 Marathon Oil $ 475,000 $ 1,155,100 2013
Insider Transactions
  201720162015
Total $ Purchases 0 0 $1,914,396
Total $ Sales $1,318,323 $7,933,125 0