MPLX 32.19 (Stock is Up0.54    )


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Q1 2016 MPLX LP Earnings Conference Call (Replay)
04/28/16 at 11:00 a.m. ET
Q1 2016 MPLX LP Earnings Conference Call
Thursday, April 28, 2016 11:00 a.m. ET  
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Corporate Profile

MPLX LP (MPLX) was launched on October 18, 2012 and is a consolidated subsidiary of Marathon Petroleum Corporation (MPC). The company’s assets consist of a network of common carrier crude oil and product pipeline systems, and associ¬ated crude oil and product storage assets in the Midwest and Gulf Coast regions of the U.S.

• Shares began trading on Oct. 26 with closing on or about Oct. 31.

MPLX’s operations are strategically located within MPC’s refining and marketing supply net-work, and are positioned to provide MPC with a logistical competitive advantage.

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MPLX (Common Stock)
ExchangeNYSE (US Dollar)
Change (%) Stock is Up 0.54 (1.67%)
Data as of 04/29/16 4:00 p.m. ET
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Recent PresentationsMore >>
Download Documentation First Quarter 2016 Earnings Conference Call Transcript
Recent NewsMore >>
04/28/16MPLX LP Reports First-Quarter 2016 Financial Results
Reported first-quarter adjusted EBITDA of $302 million; distributable cash flow of $236 million Declared distribution of $0.505 per common unit, a 23 percent increase over first-quarter 2015 Announced a $1 billion private placement of convertible preferred securities with third-party investors Completed acquisition of Marathon Petroleum Corporation's inland marine business, with strong sponsor support for the transaction Reaffirmed guidance of 12 to 15 percent distribution growth rate ov... 
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04/27/16MPLX LP Announces $1 Billion Private Placement of 6.5% Series A Convertible Preferred Units
FINDLAY, Ohio, April 27, 2016 - MPLX LP (NYSE: MPLX) today announced that it has entered into an agreement for the private placement of $1 billion of newly authorized 6.5% Series A Convertible Preferred Units (the "Preferred Units") at a price of $32.50 per unit with approximately 30.8 million Preferred Units to be outstanding at the closing of the private placement. The Preferred Units are generally convertible into MPLX common units on a one for one basis after three years, at the pu... 
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04/19/16MPLX LP Increases Quarterly Distribution
FINDLAY, Ohio, April 19, 2016 - MPLX LP (NYSE: MPLX) today announced that the board of directors of its general partner has declared a cash distribution of $0.505 per common unit for the first quarter of 2016. This represents an increase of $0.005 per unit, or 1 percent, over the fourth-quarter 2015 distribution and an increase of $0.095 per unit, or 23 percent, over the first-quarter 2015 distribution. Since the partnership's initial public offering in October 2012, the MPLX board has authorize... 
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04/01/16Marathon Petroleum Corp. and MPLX LP complete drop-down of inland marine assets
FINDLAY, Ohio, April 1, 2016 - Marathon Petroleum Corp. (NYSE: MPC) and MPLX LP (NYSE: MPLX) have closed the transaction in which MPC contributed its inland marine business to MPLX, effective March 31, 2016. In exchange, MPLX is issuing equity to MPC valued at $600 million, at an approximate price of $26.09 per unit, with 98 percent of the equity in the form of common units and the remainder in general partner units. MPC has agreed to waive first-quarter 2016 common unit distributions, incentive... 
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Featured Documents
MPLX LP Reports Third-Quarter 2015 Financial Results
Third Quarter 2015 Earnings Conference Call Slides  PDF
Upcoming EventsMore >>
MPLX LP at Inaugural Deutsche Bank MLP, Midstream, and Natural Gas Conference

Investor Relations
(For investor inquires)
Lisa Wilson
Director, Investor Relations
Phone: +1 419-421-2071

Kevin Hawkins
Manager, Investor Relations
Phone: +1 866-858-0482


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