MPLX - MPLX LP

NYSE - NYSE Delayed Price. Currency in USD

MPLX LP

200 East Hardin Street
Findlay, OH 45840
United States
419-421-2414
http://www.mplx.com

SectorEnergy
IndustryOil & Gas Midstream
Full Time Employees

Key Executives

NameTitlePayExercisedYear Born
Mr. Gary R. HemingerChairman & CEO of MPLX GP LLC1.35MN/A1953
Mr. Michael J. HenniganPres & Director of MPLX GP LLC2.62MN/A1959
Ms. Pamela K. M. BeallExec. VP, CFO & Director of MPLX GP LLC1.31MN/A1956
Mr. John S. SwearingenExec. VP of Logistics & Storage of MPLX GP LLC908.17kN/A1959
Mr. Gregory Scott FloerkeExec. VP of Gathering & Processing of MPLX GP LLC1.2MN/A1963
Amounts are as of December 31, 2018 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. The company also provides fuels distribution services. It operates in two segments, Logistics and Storage, and Gathering and Processing. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, storage, and marketing of natural gas liquids; and transportation, storage, and distribution of crude oil and refined petroleum products. MPLX LP also engages in the inland marine business, which transports light products, heavy oils, crude oil, renewable fuels, chemicals, and feedstocks in the Midwest and Gulf Coast regions through inland marine vessels. The company's assets include approximately 8,000 miles of crude oil and refined product pipelines across 17 states; terminal facilities for refined petroleum products with a combined total shell capacity of approximately 23.7 million barrels primarily located in the Midwest, Gulf Coast, and Southeast regions; tank farm assets with a storage capacity of approximately 56 million barrels; and 48 rail and truck racks, 21 docks, and gasoline blenders. Its storage caverns consist of butane, propane, and liquefied petroleum gas storage with a combined capacity of 4,175 million barrels located in Neal, West Virginia; Woodhaven, Michigan; and Robinson, Illinois. The company's marine business owns and operates 23 boats, 256 barges, and third-party chartered equipment, as well as a marine repair facility located on the Ohio River. MPLX GP LLC acts as the general partner of MPLX LP. MPLX LP was founded in 2012 and is based in Findlay, Ohio. MPLX LP operates as a subsidiary of MPLX GP LLC.

Corporate Governance

MPLX LP’s ISS Governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder Rights: N/A; Compensation: N/A.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.