MPLX LP
NYSE:MPLX

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MPLX LP
NYSE:MPLX
Watchlist
Price: 53.7 USD -0.68% Market Closed
Market Cap: 54.9B USD

MPLX LP
Investor Relations

MPLX LP operates as an integrated midstream company primarily in the United States, flourishing in a landscape defined by a delicate balance of energy demand and infrastructure development. Formed as a master limited partnership by Marathon Petroleum Corporation in 2012, MPLX LP seized the opportunity within the burgeoning shale oil and natural gas industries to carve out a robust position in transport and storage logistics. Essentially, MPLX ensures that natural gas, crude oil, and refined products reach their destinations efficiently through their extensive network of pipelines and storage facilities. The company’s operations are underpinned by long-term, fee-based contracts that yield consistent revenue, largely insulated from the volatile swings in commodity prices. This fee-for-service model secures steady cash flows by allowing producers to rely on MPLX's infrastructure to transport their products to markets or storage locations.

At the heart of MPLX's strategy is its diversified operation encompassing both logistics and gathering and processing segments. The logistics segment manages transportation and storage that includes pipelines, terminals, and marine operations, creating a reliable transit hub for energy commodities. Meanwhile, the gathering and processing segment optimizes the supply chain at its origin by collecting raw natural gas and crude oil, subsequently treating and transforming it into market-ready components. This dual-segment model empowers MPLX to harness synergies across the energy supply chain, maintaining strong ties with Marathon Petroleum while also engaging third-party contracts. Through strategic expansions and acquisitions, MPLX has broadened its reach, ensuring that as energy trends evolve, it remains a steadfast player in the midstream infrastructure realm, capitalizing on its scalability and expertise to fuel future growth.

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Management

Mr. Michael J. Hennigan
Executive Chairman of the Board of MPLX GP LLC

Michael J. Hennigan is a notable figure in the energy sector, particularly known for his leadership role at MPLX LP, a master limited partnership that primarily deals with midstream energy infrastructure and logistics assets. Hennigan has been a prominent executive within the company, bringing with him extensive experience in the oil and gas industry. His career accomplishments also include various leadership roles at other major energy companies, where he has demonstrated strong strategic and operational expertise. Hennigan's leadership is characterized by a focus on operational efficiency, strategic growth, and value creation for stakeholders, which has significantly contributed to MPLX LP's stability and growth. He played a critical role in overseeing the company's strategic direction and operations, including mergers, acquisitions, and optimizing the company's asset portfolio. Hennigan is well-regarded for his ability to navigate the complexities of the energy sector and his commitment to sustainable practices within the industry. Please verify any current roles or recent developments beyond this overview, as executive positions can frequently change.

Mr. Gregory Scott Floerke
Executive VP & COO

Gregory Scott Floerke is recognized for his extensive experience and leadership within the energy sector, particularly in his role at MPLX LP, a master limited partnership formed by Marathon Petroleum Corporation. As an executive at MPLX LP, Floerke has played a significant role in overseeing and optimizing the company's operations, which involve the transportation, storage, and distribution of crude oil and refined petroleum products. Before his tenure at MPLX LP, Floerke brought a wealth of knowledge from various leadership positions in related industries, contributing to his strategic approach in managing MPLX's expansive logistics and midstream assets. His efforts have significantly contributed to enhancing operational efficiency and driving growth for the partnership. Known for his keen insights into the complexities of the energy market and his ability to navigate its challenges, Floerke has been a pivotal figure in steering MPLX towards achieving its business objectives while maintaining a strong commitment to safety and environmental stewardship.

Mr. Shawn M. Lyon
Senior Vice President of Logistics & Storage

Shawn M. Lyon is an executive known for his leadership at MPLX LP, a master limited partnership formed by Marathon Petroleum Corporation. He has held significant roles within the organization, contributing to its operations and strategic direction. Lyon has served as the Executive Vice President and Chief Operating Officer of MPLX GP LLC, the general partner of MPLX LP. His responsibilities have included overseeing the company’s operations, focusing on enhancing efficiency, safety, and environmental stewardship across MPLX's expansive logistic and infrastructure network. His role also involves guiding the partnership's operational strategies and ensuring alignment with broader corporate goals. Before his position at MPLX, Lyon accumulated extensive experience within Marathon Petroleum Corporation, where he served in various operational and leadership roles. His background in engineering and management within the energy sector has played a crucial role in developing MPLX's growth and operational excellence.

Ms. Maryann T. Mannen
President, CEO & Director of MPLX GP LLC

Maryann T. Mannen is a distinguished executive recognized for her extensive experience in financial leadership. She serves as the Executive Vice President and Chief Financial Officer (CFO) of Marathon Petroleum Corporation, as well as the CFO of MPLX LP, a master limited partnership formed by Marathon Petroleum. In her role, she is responsible for overseeing financial and accounting functions, including financial reporting, corporate finance, budgeting, and investor relations. Before her tenure at Marathon Petroleum and MPLX LP, Maryann Mannen held significant leadership positions at TechnipFMC, a global oil and gas company, where she served as CFO and later as Executive Vice President. Her career also includes roles with FMC Technologies, where she contributed to financial planning and strategic initiatives. Mannen's leadership style is marked by strategic vision, financial acumen, and a commitment to operational excellence. Her expertise and influence in the energy sector are complemented by her educational background, holding a Bachelor of Science in Accounting and Management from Rider University. Maryann Mannen is noted for her role in driving financial growth and operational efficiencies within the organizations she has served.

Mr. Carl Kristopher Hagedorn
Executive VP, CFO & Director

Carl Kristopher Hagedorn serves as the Senior Vice President and Chief Financial Officer at MPLX LP. With a robust background in the energy sector and financial management, Mr. Hagedorn is responsible for managing the financial operations and strategic financial planning of MPLX LP, a leading master limited partnership. His leadership plays a crucial role in ensuring MPLX maintains financial stability and effectively capitalizes on growth opportunities in the midstream and logistics areas of the industry. Under his stewardship, the company focuses on enhancing shareholder value and optimizing financial performance.

Ms. Kelly D. Wright
VP, Controller & Principal Accounting Officer of MPLX GP LLC

Ms. Kelly D. Wright serves as the Executive Vice President and Chief Commercial Officer of MPLX LP. In her role, Ms. Wright is responsible for the oversight and strategic direction of the company's commercial activities, which include crude oil and refined product logistics, natural gas gathering and processing, as well as natural gas liquids transportation and fractionation. She brings a wealth of experience to MPLX, having held various leadership positions within the company and its affiliates. Her expertise in commercial strategy and operations is critical to MPLX’s mission to enhance and expand its logistics and midstream services across North America. Ms. Wright’s contributions are integral in navigating the company through the competitive energy market.

Ms. Kristina Anna Kazarian
Vice President of Finance & Investor Relations - MPLX GP LLC

Kristina Anna Kazarian is a notable figure in the energy sector, currently serving as the Vice President of Investor Relations at MPLX LP, a diversified, growth-oriented master limited partnership formed by Marathon Petroleum Corporation. Her role encompasses building and maintaining relationships with investors, communicating the company's strategic messages, and providing insights into financial operations. Kazarian has a significant background in the finance and energy industries. Before joining MPLX LP, she worked in equity research, specializing in energy infrastructure. Her work involved analyzing market trends and providing recommendations on stocks within the energy sector. Her insights and analyses have been highly regarded, contributing to her reputation as a trusted expert in her field. Apart from her professional roles, Kristina Kazarian is known for her analytical skills, strategic thinking, and effective communication, which have greatly impacted MPLX LP's engagement with the investment community. Her efforts are central to helping the company navigate the complexities of the energy market and ensuring transparent and informative communication with stakeholders.

Ms. Molly R. Benson
Chief Legal Officer & Corporate Secretary of MPLX GP LLC

Molly R. Benson is the Executive Vice President, Chief Legal Officer, and Corporate Secretary of MPLX LP, a diversified, growth-oriented master limited partnership formed by Marathon Petroleum Corporation. In her role, she is responsible for overseeing the legal and corporate governance aspects of the company. Benson's leadership encompasses managing legal affairs, ensuring compliance with regulatory requirements, and facilitating effective corporate governance practices. Before her role at MPLX LP, she gained extensive experience in legal and corporate governance matters, having held various key positions within Marathon Petroleum and its affiliates. Throughout her career, she has been recognized for her strategic vision in legal leadership and her expertise in navigating complex legal challenges. With a strong educational background, Molly R. Benson holds a Juris Doctor degree and has been instrumental in supporting the company's strategic initiatives and growth through her legal acumen. Her contributions have been pivotal in driving MPLX LP's success and in maintaining its reputation in the industry.

Mr. Timothy J. Aydt
Executive Vice President of MPLX GP LLC

Timothy J. Aydt is a notable executive associated with MPLX LP, where he serves as the President. Over the years, he has developed a strong reputation for his leadership skills and strategic vision within the energy infrastructure sector. MPLX LP is a prominent midstream service provider focused on the transportation, storage, and marketing of crude oil and refined petroleum products. In his role, Mr. Aydt oversees various aspects of the company's operations, working to enhance its market position and operational efficiencies. His career in the industry is marked by an emphasis on innovation, safety, and environmental stewardship. Aydt's leadership is influential in steering MPLX LP towards sustainable growth and adapting to the evolving landscape of the energy sector.

Mr. Raymond L. Brooks
Senior Vice President

Raymond L. Brooks is a distinguished executive with significant experience in the energy sector. He serves as the Executive Vice President and Chief Operating Officer for MPLX LP. In this role, he is responsible for overseeing the company's operations, including its logistics and storage assets, ensuring efficient and reliable service across its extensive network. Before joining MPLX LP, Brooks held various leadership positions within its parent company, Marathon Petroleum Corporation, where he gained extensive expertise in refining, midstream, and marketing operations. His comprehensive industry knowledge and strategic vision have been instrumental in driving operational excellence and growth initiatives at MPLX LP. Ray Brooks' leadership is marked by a commitment to safety, operational efficiency, and innovation, making him a key figure in the company's ongoing success in the midstream sector. His contributions continue to shape MPLX LP’s competitive positioning and its ability to adapt in the ever-evolving energy landscape.

Contacts

Address
OHIO
Findlay
200 E Hardin St
Contacts
+14194212414.0
www.mplx.com