What does Mplx LP do?

In addition to its infrastructure holdings, MPLX also provides fuels distribution services. This aspect of the partnership's operations ensures that energy products reach their intended destinations in a timely and reliable manner, satisfying the demands of customers across various industries.

As a master limited partnership, MPLX enjoys several advantages over traditional corporate structures. For instance, it is not subject to corporate income tax at the partnership level, allowing it to pass through its earnings to unitholders in the form of tax-advantaged distributions.

MPLX LP is a prominent entity within the energy sector, established as a diversified, large-cap master limited partnership. This unique structure allows MPLX to operate with greater flexibility and access to capital, enabling it to expand and enhance its offerings.

At the helm of MPLX stands Marathon Petroleum Corporation (MPC), a reputable company that has played a pivotal role in shaping the partnership's vision and direction. Through MPC's guidance, MPLX has emerged as a formidable player in the midstream energy landscape.

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