MPC Midstream (MPLX) Portfolio
Project information
As at 31 December 2025
Description
As at 31 December 2025
Segment rollup primarily reflecting MPLX LP, the diversified large-cap MLP formed in 2012 in which MPC owns the general partner and ~64% of common units. Network of crude oil, natural gas and refined product pipelines (5,259 miles of crude oil pipeline systems), 88 owned and operated terminals (34,993 mbbls), barge dock capacity of 5,104 mbpd, 320 inland tank barges (8,655 mbbls) and 30 towboats, plus gas processing complexes (11,200 MMcf/d design capacity), fractionation (470 mbpd), de-ethanization (349 mbpd) and gathering systems (9,430 MMcf/d). Long-term fee-based commercial agreements with MPC's Refining & Marketing segment include minimum volume and capacity commitments. 2026 MPLX capital investment outlook of ~$2.7 billion ($2.4B growth, $0.3B maintenance) focused on the Permian to Gulf Coast value chain.
Portfolio Aggregate · Processing facilities
Multiple effective dates
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