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 is a subsidiary of Marathon Petroleum Corporation.

Marathon generates extraordinary cash flow, reduces debt, and plans for potentially high dividends. Read here for more on MPC ...

Notably, Marathon Petroleum holds around 64% of MPLX's outstanding common units. MPLX is a Zacks Rank #3 (Hold) stock, with a Momentum Style Score of A and VGM Score of B. Shares are down 1.4% ...

Marathon Petroleum's fourth-quarter results easily ... stand-alone 2025 capital spending would fall to $1.25 billion, and MPLX distributions would likely cover Marathon's dividend and capital ...

Marathon Petroleum, operating extensively in the ... Additionally, a partnership with its midstream spin-off, MPLX, plays a vital role. MPLX supports Marathon's core refining operations by ...

Midstream: This unit mainly reflects Marathon Petroleum’s general partner and majority limited partner interests in MPLX LP MPLX — a publicly traded master limited partnership that owns ...

Marathon Petroleum reported a steep decline in profit ... MPC also owns an interest in MPLX, a midstream company that focuses on gathering, processing, and fractionation assets, as well as crude ...

As of December 31, 2024, Marathon Petroleum had $3.2 billion of cash, cash equivalents, and short-term investments, including $1.5 billion of cash at MPLX and $5 billion available on its bank ...