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NYSE · Energy

MPLX LP MPLX

MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. It operates in two segments, Crude Oil and Products Logistics; and Natural Gas and NGL Services. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, storage, and marketing of natural gas liquids; gathering, storage, transportation, and distribution of crude oil and refined products, as well as other hydrocarbon-based products and renewables; and sale of residue gas and condensate.

Sources StockAnalysis company profile stockanalysis.com
Natural Gas Distribution

Company profile

Business mix

  • It operates in two segments, Crude Oil and Products Logistics; and Natural Gas and NGL Services.
  • It also engages in inland marine businesses, comprising fleet of boats and barges transport light products, heavy oils, crude oil, renewable fuels, chemicals, and feedstocks in the Mid-Continent and Gulf Coast regions.
  • In addition, it operates terminal facilities for the receipt, storage, blending, additization, handling, and redelivery of refined petroleum products through the pipeline, rail, marine, and truck transportation.
  • MPLX GP LLC acts as the general partner of MPLX LP. The company was incorporated in 2012 and is headquartered in Findlay, Ohio.

Current key questions

  • How sensitive are revenue and cash flow to commodity prices, production volumes, and demand in oil & gas midstream?
  • Can capital spending, reserves, decline rates, and operating costs support durable free cash flow?
  • Do balance-sheet discipline and shareholder returns remain resilient across the energy cycle?
Holders 2 Current sample portfolio
Public mentions 0 Videos / interviews / letters
Valuation snapshot
PE 12.25 FCF 6.79% Buyback 0.42%
2026-06-07

Current firm holders

Firm Weight Value Filing period
Brave Warrior Advisors Glenn Greenberg 4.6% $185.7M 2026-03-31
Appaloosa David Tepper 0.5% $28.7M 2026-03-31

Recent trading changes over the last 4 quarters

Last 1 quarters Last 2 quarters Last 3 quarters Last 4 quarters
Net buyers 0 Last 4 13F filing periods
Net reducers 2 Last 4 13F filing periods
Unchanged holders 0 Share count unchanged
Increase amount $0 Estimated from net added shares
Reduction amount $67.7M Estimated from net reduced shares
Net share change / base shares -24.0% -1,186,602 / 4,942,586
Appaloosa David Tepper 4 filing periods
13F 2025-06-30 Filed 2025-08-14
Unchanged Shares 0.0% 13F value change $0
13F 2025-09-30 Filed 2025-11-13
Minor reduction Shares -7.5% 13F value change -$3.1M
13F 2025-12-31 Filed 2026-02-17
Major increase Shares 17.3% 13F value change +$6.8M
13F 2026-03-31 Filed 2026-05-15
Major reduction Shares -19.9% 13F value change -$4.8M
Settlement As of 13F 2026-03-31 · Filed 2026-05-15
Base shares 578,500 Last 4 periods -76,040 (-13.1%) Total shares 502,460 Value $28.7M
Brave Warrior Advisors Glenn Greenberg 4 filing periods
13F 2025-06-30 Filed 2025-08-14
Minor reduction Shares -2.0% 13F value change -$13.4M
13F 2025-09-30 Filed 2025-11-14
Minor increase Shares 4.5% 13F value change +$2.9M
13F 2025-12-31 Filed 2026-02-17
Minor increase Shares 0.1% 13F value change +$15.6M
13F 2026-03-31 Filed 2026-05-15
Major reduction Shares -27.3% 13F value change -$53.1M
Settlement As of 13F 2026-03-31 · Filed 2026-05-15
Base shares 4,364,086 Last 4 periods -1,110,562 (-25.4%) Total shares 3,253,524 Value $185.7M

Recent mentions

No public mentions.