MPLX LP (MPLX)

MPLX LP is a prominent midstream energy company formed in 2012 by Marathon Petroleum Corporation. It is known for owning and operating a diversified portfolio of assets, including pipelines, terminals, and storage facilities, primarily focused on supporting the transportation and logistics of crude oil and natural gas. The company's operations are organized into two segments: Logistics and Storage, and Gathering and Processing. MPLX LP has its headquarters in Findlay, Ohio. As of the last update, the CEO is Michael J. Hennigan, who also serves as the CEO of Marathon Petroleum. The company focuses on delivering reliable services and aims to enhance its infrastructure to meet the energy demands efficiently. Known for its strategic growth both organically and through acquisitions, MPLX has seen significant revenue streams from its operations, reflecting its integral role in the energy sector. Investors often look at MPLX as a solid option due to its attractive yield and stable cash flow supported by long-term contracts.