Both lines came in just under expectations, and unitholders got a 12.5% distribution increase anyway, with management committing to that same pace through 2027. Growth capital for 2026 was raised by $500 million to $2.9 billion to speed up Gulf Coast fractionation, with leverage still at 3.7x.
MPLX :
MPLX
MPLX
Stock Data
$58.85
$0.48 (0.82%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
ENERGY
Industry
OIL & GAS MIDSTREAM
MPLX LP is a key player in the energy sector, focusing on the midstream infrastructure and logistics in the United States. With a broad portfolio that includes the gathering, processing, and transportation of natural gas, as well as the handling of natural gas liquids, crude oil, and refined products, MPLX supports vital energy supply chains. It also operates in the inland marine business, moving products across the Mid-Continent and Gulf Coast regions. Founded in 2012 and based in Findlay, Ohio, MPLX is a subsidiary of Marathon Petroleum Corporation, underscoring its significant role in the energy industry.
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