2018 News Releases

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04/12/18MPLX LP to announce 2018 first-quarter financial results May 1
FINDLAY, Ohio, April 12, 2018 /PRNewswire/ -- MPLX LP (NYSE: MPLX) a master limited partnership sponsored by Marathon Petroleum Corp. (NYSE: MPC), will host a conference call Tuesday, May 1, 2018, at 11 a.m. EDT to discuss 2018 first-quarter financial results, which will be released earlier that day, and to provide an update on partnership operations. MPLX participants will be Gary R. Heminger, chairman and chief executive officer; Michael J. Hennigan, president; Pamela K.M. Beall, executive ... 
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03/16/18MPLX Responds to FERC Announcement
FINDLAY, Ohio, March 16, 2018 /PRNewswire/ -- MPLX LP (NYSE: MPLX) has reviewed the March 15 Federal Energy Regulatory Commission (FERC) policy revision, in which FERC no longer will allow master limited partnership interstate natural gas and oil pipelines to recover an income tax allowance in cost-of-service rate filings. The partnership expects these revisions to have a de minimis effect on its earnings and cash flow. About MPLX LP MPLX is a diversified, growth-oriented master limited p... 
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03/08/18MPLX LP 2017 K-1 tax packages now available on company website
FINDLAY, Ohio, March 8, 2018 /PRNewswire/ -- MPLX LP (NYSE: MPLX) today announced that the company's 2017 investor tax packages are now available on its website, http://www.mplx.com. Investors may select the Tax Reporting Package link under the Investor tab, or use the following link: http://www.mplx.com/Investors/Tax_Reporting_Package/ Additionally, MPLX plans to mail tax packages on March 14, 2018. Questions regarding the Tax Reporting Package for the year ended Dec. 31, 2017, can be addre... 
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02/28/18MPLX LP files 2017 Form 10-K
FINDLAY, Ohio, Feb. 28, 2018 /PRNewswire/ -- MPLX LP (NYSE: MPLX) today announced it has filed with the U.S. Securities and Exchange Commission its Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2017. The filing can be viewed through a link on MPLX's website at http://www.mplx.com by selecting the "SEC Filings" link under the "Investors" tab. Upon written request, unitholders may receive, free of charge, a copy of MPLX's Annual Report on Form 10-K (including complete audited fi... 
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02/26/18MPLX Announces Successful Joint Binding Open Season on Cushing-to-Patoka Pipeline Expansion
FINDLAY, Ohio, Feb. 26, 2018 /PRNewswire/ -- MPLX LP (NYSE: MPLX) today announced that its subsidiaries MPLX Ozark Pipe Line LLC (Ozark) and Marathon Pipe Line LLC (MPL) have completed a successful joint binding open season on the combined Ozark 22-inch and Woodpat 22-inch pipelines from Cushing, Oklahoma, to Patoka, Illinois. Based on strong interest from prospective shippers, MPL will continue with plans to increase the capacity of the pipeline by providing operational modifications, including... 
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02/06/18Marathon Petroleum Corp. and MPLX LP to present at Credit Suisse Energy Summit
FINDLAY, Ohio, Feb. 6, 2018 /PRNewswire/ -- On Tuesday, Feb. 13, Gary R. Heminger, the chairman and chief executive officer of Marathon Petroleum Corp. (NYSE: MPC) and MPLX LP (NYSE: MPLX), will deliver a presentation to investors and industry analysts at the Credit Suisse 2018 Energy Summit in Vail, Colorado. Heminger's presentation is scheduled to begin at 8:35 a.m. MST (10:35 a.m. EST). The live webcast and archived presentation can be viewed on MPC's Investor Relations website, http://ir.... 
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02/05/18MPLX LP prices $5.5 billion senior notes offering
FINDLAY, Ohio, Feb. 5, 2018 /PRNewswire/ -- MPLX LP (NYSE: MPLX) announced today that it has priced $5,500,000,000 in aggregate principal amount of unsecured senior notes in an underwritten public offering consisting of five series of senior notes: $500,000,000 aggregate principal amount of 3.375% senior notes due in 2023; $1,250,000,000 aggregate principal amount of 4.000% senior notes due in 2028; $1,750,000,000 aggregate principal amount of 4.500% senior notes due in 2038; ... 
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02/05/18MPLX LP announces senior notes offering
FINDLAY, Ohio, Feb. 5, 2018 /PRNewswire/ -- MPLX LP (NYSE: MPLX) announced today that it has commenced an underwritten public offering of unsecured senior notes pursuant to an effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission (SEC). The actual terms of the unsecured senior notes, including principal amount, interest rate and maturity, will depend on market and other conditions.  MPLX intends to use the net proceeds from this offer... 
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02/01/18MPLX LP reports fourth-quarter and full-year 2017 financial results
FINDLAY, Ohio, Feb. 1, 2018 /PRNewswire/ --  Reported record fourth-quarter net income of $238 million and adjusted EBITDA of $569 million; reported record full-year net income of $794 million and adjusted EBITDA of $2 billion Reported fourth-quarter net cash from operating activities of $569 million and distributable cash flow of $445 million Declared 20th consecutive quarterly distribution increase to $0.6075 per common unit; delivered 12.1 percent distribution growth in 201... 
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02/01/18Marathon Petroleum Corp. and MPLX LP closing on strategic transactions
FINDLAY, Ohio, Feb. 1, 2018 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) and MPLX LP (NYSE: MPLX) today are closing on the final transactions to complete the previously announced strategic actions. MPC is contributing refining logistics assets and fuels distribution services to MPLX that are projected to generate approximately $1 billion in annual earnings before interest, taxes, depreciation and amortization (EBITDA) for total consideration of $8.1 billion consisting of $4.1 billion... 
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01/26/18MPLX LP increases quarterly distribution
FINDLAY, Ohio, Jan. 26, 2018 /PRNewswire/ -- MPLX LP (NYSE: MPLX) today announced that the board of directors of its general partner has declared a cash distribution of $0.6075 per common unit for the fourth quarter of 2017. This represents an increase of $0.02 per unit, or 3.4 percent, over the third-quarter 2017 distribution; an increase of $0.0875 per unit, or 16.8 percent, over the fourth-quarter 2016 distribution; and a 12.1 percent increase on a full-year basis over 2016 distributions. Sin... 
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01/17/18MPLX Announces Joint Binding Open Season for Cushing-to-Patoka Pipeline Expansion
FINDLAY, Ohio, Jan. 17, 2018 /PRNewswire/ -- MPLX LP (NYSE: MPLX) today announced that its subsidiaries MPLX Ozark Pipe Line LLC (Ozark) and Marathon Pipe Line LLC (MPL) have commenced a joint binding open season on the combined Ozark 22-inch and Woodpat 22-inch pipelines from Cushing, Oklahoma, to Patoka, Illinois. The joint binding open season provides interested shippers with an opportunity to secure priority transportation service on the pipelines. The jo... 
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