Mplx LP is a prominent energy infrastructure company that specializes in the transportation, storage, and logistics of natural gas and natural gas liquids. With a focus on increasing efficiency and reliability in the energy supply chain, the company operates an extensive network of pipelines and facilities designed to facilitate the movement of energy resources across various regions. Mplx also engages in the processing of natural gas, playing a critical role in ensuring the availability of energy for consumers and businesses. Through its operations, the company aims to support the growing demand for energy while maintaining a commitment to safety and environmental stewardship.
Marathon Petroleum reported Q2 FY24 results, beating revenue estimates. Adjusted EBITDA was $3.39B, and adjusted EPS was $4.12. MPC returned $3.2B to shareholders.