onurdongelLooking for energy-based high yield income? Ohio-based MPLX LP (NYSE:MPLX) has been in this industry since 2012. MPLX LP is a diversified, large-cap master limited partnership formed by Marathon Petroleum Corporation (MPC) that owns and operates midstream energy infrastructure and logistics assets, and provides fuels distribution services. Company Profile: MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. It operates in two segmen ...

FINDLAY, Ohio, Dec. 21, 2023 /PRNewswire/ -- Michael J. Hennigan, chairman, president and chief executive officer of the general partner of MPLX LP (NYSE: MPLX), today announced that C. Kristopher Hagedorn has been appointed executive vice president and chief financial officer of the general partner of MPLX, effective January 1, 2024. As MPLX CFO, Hagedorn will succeed John J. Quaid, who has been named executive vice president and chief financial officer of Marathon Petroleum Corporation (NYSE: MPC). Hagedo ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________ FORM 10-Q ____________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35714 MPLX LP ( ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________ FORM 10-Q ____________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35714 MPLX LP (Exact ...

MPLX LP (NYSE:MPLX) Q1 2023 Earnings Conference Call May 2, 2023 9:30 AM ET Company Participants Kristina Kazarian - VP, Finance & IR Michael Hennigan - Chairman, President & CEO John Quaid - EVP, CFO & Director Gregory Floerke - EVP & COO Shawn Lyon - SVP, Logistics & Storage Conference Call Participants Jeremy Tonet - JPMorgan Chase & Co. Brian Reynolds - UBS Keith Stanley - Wolfe Research Theresa Chen - Barclays Bank Neal Dingmann - Truist Securities Michael Blum - Wells Fargo Securities Indraneel Mitra ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________ FORM 10-Q ____________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35714 MPLX LP (Exact name of r ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________________ to __________________ Commission file number 001-35714 MPLX LP (Exact name of registrant as specified in its charter) (State ...

Financial Data and Key Metrics Changes - Full year adjusted EBITDA for 2022 was $5.8 billion, and distributable cash flow (DCF) was $5 billion, reflecting a 4% year-over-year growth in both metrics [3][7]. - Total adjusted EBITDA for the fourth quarter was approximately $1.5 billion, roughly flat compared to the same period in the prior year, while DCF increased by 5% to $1.3 billion [24]. Business Line Data and Key Metrics Changes - In the Gathering and Processing (G&P) segment, adjusted EBITDA decreased by $36 million year-over-year due to lower natural gas liquids prices, despite a 14% increase in gathered volumes [11]. - The Logistics and Storage (L&S) segment saw adjusted EBITDA increase by $45 million compared to the fourth quarter of 2021, driven by higher pipeline tariffs and contributions from pipeline equity affiliates [23]. Market Data and Key Metrics Changes - Pipeline volumes in the L&S segment were flat year-over-year, primarily due to impacts from Marathon's refinery turnarounds, while terminal volumes increased by 4% [23]. - Processing volumes in the G&P segment were up 1% year-over-year, primarily from increased activity in the Southwest [43]. Company Strategy and Development Direction - The company announced a capital expenditure outlook for 2023 of $950 million, with a focus on growth capital in the Marcellus, Permian, and Bakken basins [8]. - The company aims to maintain strict capital discipline while investing in growth opportunities and returning excess capital to unitholders [9][20]. Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about opportunities in 2023, focusing on executing strategic priorities and maintaining a strong distribution coverage ratio of 1.6x [22]. - The company noted that while there may be short-term price volatility, the overall outlook for volume growth remains positive due to increased drilling activity in 2022 [66][81]. Other Important Information - The company returned over $3.5 billion of capital to unitholders in 2022 through distributions and unit repurchases [20]. - The company plans to redeem $600 million of outstanding Series B preferred units and refinance them into long-term debt [13]. Q&A Session Summary Question: Discussion on capital allocation and future distributions - Management indicated that they are generating about $6 billion of EBITDA and have flexibility in capital allocation, with a focus on increasing distributions over time [16][22]. Question: Breakdown of capital expenditure guidance - Most of the capital program is targeted at smaller expansion and debottlenecking projects, with some funds allocated to new processing plants [57][59]. Question: Impact of weather on operations - The company experienced lost profit opportunities due to freezing conditions, estimating a loss of around $10 million in both Q4 and Q1 [76]. Question: Outlook for Marcellus and Utica activity - Management remains optimistic about volume growth in 2023, despite potential slowdowns in fracking activity [81]. Question: Low carbon expansion opportunities - Management acknowledged that while there are opportunities in low carbon investments, current returns do not meet their investment criteria, but they expect technology to evolve [70][72].

Forward‐Looking Statements 2022: Strong Financial Performance $ Billion Growth Capital Maintenance Capital L&S W2W Pipeline Lateral Expansion (15% owner) Whistler Pipeline Capacity Expansion (0.5 Bcf/d, 38% owner) Whistler - ADCC Pipeline (1.7 Bcf/d, 26% indirect owner) Matterhorn Express Pipeline (2.5 Bcf/d, 5% owner) Logistics & Storage Segment 1 Fourth Quarter 2022 Earnings Conference Call January 31, 2023 This presentation contains forward-looking statements regarding MPLX LP (MPLX). These forward-looki ...

Table of Contents (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35714 MPLX LP UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________ FORM 10-Q ____________________________________________ ( ...