MPLX 8-K Current Reports
MPLX LP - 174 current reports
MPLX LP 8-K Report, Financial Results (May 5, 2026)
MPLX LP has filed a Form 8-K on May 5, 2026, to report its financial results for the first quarter ended March 31, 2026. The key details of these results are provided in a press release furnished as Exhibit 99.1 to the filing. While the 8-K itself is brief and primarily serves to incorporate the press release, investors should refer to Exhibit 99.1 for comprehensive information regarding MPLX's operational and financial performance during the quarter.
MPLX LP 8-K Report, Material Agreement (Apr 13, 2026)
MPLX LP has entered into a new $2.5 billion, five-year unsecured revolving credit facility, replacing its previous agreement. This new facility, effective April 7, 2026, matures on April 7, 2031, and provides MPLX with significant financial flexibility for general partnership purposes. Notably, there were no outstanding borrowings under the prior agreement, and none are currently drawn under the new facility, indicating a strong liquidity position. MPLX also holds $1.5 billion in cash and cash equivalents as of March 31, 2026. The agreement allows for an optional increase of up to $1.0 billion in commitments and offers flexibility for maturity date extensions. It includes sub-facilities for swing-line loans and letters of credit. Covenants within the agreement, such as a debt-to-EBITDA ratio not exceeding 5.0x (or 5.5x during acquisitions), are considered customary and designed to maintain financial discipline. This proactive refinancing strengthens MPLX's balance sheet and demonstrates its commitment to ensuring robust access to capital.
MPLX LP 8-K Report, Executive Changes (Mar 18, 2026)
MPLX LP's Form 8-K filing on March 18, 2026, announces a key change in its accounting leadership. Effective April 1, 2026, Erin M. Brzezinski has been appointed as the Vice President and Controller of MPLX GP, the general partner of MPLX, and will serve as MPLX's principal accounting officer. This appointment is part of an ongoing effort to further align MPLX's accounting functions with its parent, Marathon Petroleum Corporation (MPC). Ms. Brzezinski brings extensive experience, most recently serving as the principal accounting officer and Vice President and Controller at MPC since January 2024. Her background includes significant roles in technical accounting and assurance at MPC and PricewaterhouseCoopers LLP. Rebecca L. Iten, the outgoing Vice President and Controller, will transition to another accounting leadership role within MPLX, ensuring continuity. Investors should note that Ms. Brzezinski will continue to receive her compensation and benefits directly from MPC, as MPLX utilizes MPC for its personnel needs.
MPLX LP 8-K Report, Corporate Update (Feb 12, 2026)
MPLX LP (MPLX) has filed a Current Report on Form 8-K on February 12, 2026, primarily to disclose the filing of several exhibits related to a registration statement and debt offerings. The key events and documents filed include an Underwriting Agreement dated February 5, 2026, which outlines the terms for the issuance of securities with a syndicate of underwriters led by Citigroup Global Markets Inc., Barclays Capital Inc., MUFG Securities Americas Inc., and RBC Capital Markets, LLC. This indicates ongoing capital raising activities by MPLX.
MPLX LP 8-K Report, Financial Results (Feb 3, 2026)
MPLX LP (MPLX) has filed an 8-K report on February 3, 2026, primarily to furnish a press release announcing its financial results for the fiscal year and quarter ended December 31, 2025. While the 8-K itself does not contain the detailed financial data, it directs investors to the furnished press release (Exhibit 99.1) for a comprehensive overview of the company's performance. Investors seeking to understand MPLX's operational and financial condition for the period should refer to this press release.
MPLX LP 8-K Report, Executive Changes (Dec 18, 2025)
MPLX LP announced a change to the General Partner's Board of Directors, effective January 19, 2026. Maria A. Khoury has been elected as a new director. Ms. Khoury's appointment is directly linked to her upcoming role as Executive Vice President and Chief Financial Officer at Marathon Petroleum Corporation (MPC), the General Partner's owner and a majority unitholder of MPLX. Her directorship is a management role stemming from her MPC position and she will not receive separate compensation for board service. This appointment coincides with the departure of John J. Quaid from the Board. The total number of directors on the Board will remain at ten. Investors should note that Ms. Khoury's background as CFO of MPC brings financial expertise to the Board, which could influence strategic decisions related to MPLX's operations and capital allocation, particularly given MPC's significant ownership stake.
MPLX LP 8-K Report, Financial Results (Nov 4, 2025)
MPLX LP (MPLX) has filed an 8-K report on November 4, 2025, primarily to furnish its press release detailing financial results for the quarter ended September 30, 2025. Investors should refer to the press release (Exhibit 99.1) for the specific operational and financial performance data for the period. The filing itself does not contain the detailed financial results but serves as the official mechanism to incorporate that information into the public record. While the 8-K is a routine filing, the associated press release is the critical document for understanding MPLX's recent performance. Investors will need to review the press release for key metrics such as revenue, earnings, distributable cash flow, debt levels, and any forward-looking guidance. The information provided in the press release is crucial for assessing the company's operational efficiency, profitability, and its ability to maintain or increase distributions to unitholders.
MPLX LP 8-K Report, Executive Changes (Nov 4, 2025)
MPLX LP (MPLX) has announced a significant leadership transition effective January 1, 2026. Maryann T. Mannen, currently President and Chief Executive Officer, will assume the additional role of Chairman of the Board. This transition follows the decision of Michael J. Hennigan to retire as Executive Chairman and depart the board of directors as of the same date. Ms. Mannen's dual role as CEO and Chairman signals a continuation of leadership strategy. The board of directors for MPLX GP LLC will be reduced to 10 members following Mr. Hennigan's retirement. The company issued a press release on November 4, 2025, to formally announce these changes.
MPLX LP 8-K Report, Executive Changes (Aug 25, 2025)
MPLX LP (MPLX) announced a change to its Board of Directors via an 8-K filing on August 25, 2025. The board size of the General Partner was increased to eleven members, with the appointment of Ray N. Walker, Jr. as a new director. This appointment is effective immediately and Mr. Walker is expected to contribute to key board committees, including the audit and conflicts committees. Investors should note that Mr. Walker will receive compensation consistent with other non-management directors, the details of which were previously disclosed in MPLX's 2024 Form 10-K.
MPLX LP 8-K Report, Corporate Update (Aug 11, 2025)
MPLX LP (MPLX) has filed an 8-K report primarily to provide new exhibits related to its ongoing debt financing activities. The filing includes an Underwriting Agreement dated August 7, 2025, which outlines terms for a potential public offering of securities, and four separate Supplemental Indentures, dated August 11, 2025, with The Bank of New York Mellon Trust Company, N.A. as Trustee. These indentures are critical components for the issuance of new debt securities, indicating MPLX's intent to raise capital through the bond markets. While this 8-K does not disclose financial results or specific transaction details like the size or terms of any debt issuance, it signals active capital management by MPLX. Investors should view this filing as an indication of the company's strategic planning to fund operations, growth initiatives, or refinance existing debt. The involvement of major underwriters and the execution of multiple indentures suggest a significant and well-structured financing effort by MPLX.
MPLX LP 8-K Report, Financial Results (Aug 5, 2025)
MPLX LP (MPLX) has filed a Form 8-K on August 4, 2025, to report its financial results for the quarter ended June 30, 2025. The detailed financial results and operational performance are provided in a press release, furnished as Exhibit 99.1, which is incorporated by reference into this filing. Investors should review this press release for specific figures regarding revenue, earnings, and other key financial metrics. The filing itself does not contain the detailed financial statements but directs readers to the accompanying press release. While the information furnished under Item 2.02 is generally not considered "filed" for purposes of Section 18 of the Exchange Act, it serves as a crucial announcement for investors seeking to understand the company's recent performance. Investors are encouraged to access Exhibit 99.1 for a comprehensive understanding of MPLX's financial condition and results of operations for the second quarter of 2025.
MPLX LP 8-K Report, Financial Results (May 6, 2025)
MPLX LP (MPLX) has filed a Form 8-K on May 6, 2025, primarily to furnish its press release detailing financial results for the quarter ended March 31, 2025. While specific financial figures are not detailed within the 8-K itself, investors should refer to the furnished press release (Exhibit 99.1) for comprehensive earnings data. This filing indicates that MPLX is adhering to its reporting obligations and making its quarterly performance publicly available. Key takeaways from this report will be found in the earnings release, which will likely cover crucial metrics such as revenue, net income, adjusted EBITDA, distributable cash flow, and any updates on operational performance and strategic initiatives. Investors are encouraged to review the press release for a detailed understanding of MPLX's financial condition and operational results for the first quarter of 2025.
MPLX LP 8-K Report, Corporate Update (Mar 10, 2025)
MPLX LP (MPLX) filed an 8-K on March 10, 2025, primarily to disclose material agreements related to its capital-raising activities. The filing includes an Underwriting Agreement dated March 3, 2025, indicating the terms and parties involved in a recent or upcoming securities offering, with BofA Securities, Barclays Capital, and J.P. Morgan Securities acting as underwriters. This suggests MPLX is actively managing its financing structure and potentially raising capital to support its operations or growth initiatives. Additionally, the report discloses two Supplemental Indentures, dated March 10, 2025, filed with The Bank of New York Mellon Trust Company, N.A. as Trustee. These indentures likely pertain to the issuance of new debt securities, detailing the terms and conditions of these debt obligations. The inclusion of legal opinions from Jones Day further substantiates the formalization of these financial transactions. Investors should monitor these developments for insights into MPLX's leverage, liquidity, and overall financial strategy.
MPLX LP 8-K Report, Financial Results (Feb 4, 2025)
MPLX LP (MPLX) has filed an 8-K report on February 4, 2025, primarily to furnish its press release detailing financial results for the quarter and year ended December 31, 2024. While the press release itself contains the core financial performance data, this 8-K filing's main announcement pertains to a significant operational update: the renaming and restructuring of its business segments. Investors should note these changes as they will affect how future results are reported. The company has renamed its Logistics and Storage segment to the Crude Oil and Products Logistics segment and its Gathering and Processing segment to the Natural Gas and NGL Services segment. This realignment also involves the transfer of certain equity method investments related to natural gas and NGL customers from the Crude Oil and Products Logistics segment to the Natural Gas and NGL Services segment. MPLX has also recast historical segment information to align with this new structure, making it available on their investor website.
MPLX LP 8-K Report, Executive Changes (Jan 28, 2025)
MPLX LP (MPLX) announced a key executive change within its finance department through an 8-K filing on January 27, 2025, effective March 3, 2025. Rebecca L. Iten has been appointed as the new Vice President and Controller, and will also serve as the Registrant's principal accounting officer. This appointment comes as the current Vice President and Controller, Kelly D. Wright, departs MPLX to take on a new role as Vice President Audit at Marathon Petroleum Corporation (MPC). Ms. Iten brings a decade of experience within MPLX, having previously held roles in corporate accounting and reporting, financial analysis, and as an advanced analyst. Her most recent position was Assistant Controller, Operations Accounting at MPC. Investors should note that MPLX contracts with MPC for operational personnel, and Ms. Iten will continue to be compensated by MPC, participating in its standard bonus and long-term incentive programs, as well as other employee benefits. This transition appears to be an internal reshuffling designed to maintain continuity and leverage existing talent within the broader MPC structure.
MPLX LP 8-K Report, Financial Results (Nov 5, 2024)
MPLX LP (MPLX) filed an 8-K on November 5, 2024, to furnish a press release announcing its financial results for the third quarter ended September 30, 2024. The report itself does not contain detailed financial figures but directs investors to the furnished press release (Exhibit 99.1) for the specific operational and financial outcomes of the quarter. Investors should review the press release for key metrics such as revenue, net income, distributable cash flow, and any forward-looking guidance or commentary provided by management.
MPLX LP 8-K Report, Financial Results (Aug 6, 2024)
MPLX LP (MPLX) has filed an 8-K report on August 6, 2024, furnishing its press release detailing financial results for the quarter ended June 30, 2024. While the filing itself is brief, it signifies the official release of the company's quarterly performance data, which is crucial for investors tracking MPLX's operational and financial health. The details within the furnished press release (Exhibit 99.1) will contain specific metrics on revenue, profitability, segment performance, and potentially guidance or outlook, which are key to understanding the MLP's current standing and future prospects. Investors should carefully review the press release for insights into operational efficiency, commodity price impacts, growth initiatives, and capital allocation strategies. This information will be vital for assessing the company's ability to generate distributable cash flow, maintain and grow its distributions, and manage its debt levels. The inclusion of the Cover Page Interactive Data File (Exhibit 104) further facilitates access to structured financial data for analysis.
MPLX LP 8-K/A Report, Executive Changes (Aug 6, 2024)
This 8-K filing from MPLX LP provides an amendment related to executive compensation changes at Marathon Petroleum Corporation (MPC), MPLX's general partner. The primary focus is on the compensation adjustments for MPC's newly appointed Chief Executive Officer, Ms. Mannen, and the transitioning Executive Chairman, Mr. Hennigan. These changes are significant for investors as they reflect leadership transitions and associated incentive structures within the entity that manages and operates MPLX's business, impacting the overall governance and strategic direction. Investors should note the substantial increase in Ms. Mannen's base salary and bonus potential, along with a significant one-time long-term incentive award to align with her new role. Concurrently, Mr. Hennigan's compensation is adjusted as he moves to an Executive Chairman position, with a base salary reduction but continued eligibility for bonus and long-term incentive programs, although his target LTI award is expected to decrease in 2025.
MPLX LP 8-K Report, Corporate Update (May 20, 2024)
MPLX LP (MPLX) filed an 8-K on May 20, 2024, primarily to disclose exhibits related to its existing Registration Statement on Form S-3. These exhibits include an Underwriting Agreement dated May 15, 2024, a Twenty-Ninth Supplemental Indenture dated May 20, 2024, and legal opinions from Jones Day. The filing itself does not contain new financial results or material operational updates, but rather formalizes agreements and indentures relevant to potential future debt issuances or other financing activities that would be registered under the S-3. Investors should note that this 8-K is largely administrative, providing transparency on the contractual framework for potential capital raising. The Underwriting Agreement outlines terms with specified underwriters for potential offerings, while the Supplemental Indenture details terms for a new series of debt. These documents are crucial for understanding the mechanics and terms under which MPLX might access capital markets in the future, but they do not reflect current financial performance or immediate business changes.
MPLX LP 8-K Report, Executive Changes (May 13, 2024)
MPLX LP (MPLX) announced significant leadership changes through an 8-K filing on May 13, 2024, detailing executive transitions effective August 1, 2024. Maryann T. Mannen will assume the role of President and Chief Executive Officer, becoming the principal executive officer, succeeding Michael J. Hennigan. Ms. Mannen brings extensive experience from her current and prior roles at Marathon Petroleum Corporation (MPC), the indirect owner of MPLX GP, including her tenure as President and CFO of MPC. Concurrently, Michael J. Hennigan will transition to the newly created role of Executive Chairman of MPLX GP's board of directors, while Christopher A. Helms will continue as Lead Director. These changes reflect a strategic succession plan for the partnership's leadership.
MPLX LP 8-K Report, Financial Results (Apr 30, 2024)
MPLX LP (MPLX) filed a Current Report on Form 8-K on April 30, 2024, primarily to furnish its press release detailing the financial results for the quarter ended March 31, 2024. The key takeaway for investors is the release of these quarterly financial figures, which will provide insight into the company's operational and financial performance during the first quarter of 2024. Investors should review the furnished press release (Exhibit 99.1) for specific metrics such as revenue, earnings, cash flow, and any forward-looking guidance or commentary provided by management. While the 8-K itself does not contain the detailed financial data, it serves as the official notification of the earnings release. The press release, incorporated by reference, will contain the critical performance indicators that investors use to assess MPLX's business trajectory, operational efficiency, and overall financial health. It's important for investors to consult the full press release for a comprehensive understanding of the company's results and any associated management discussion.
MPLX LP 8-K Report, Financial Results (Jan 30, 2024)
MPLX LP (MPLX) has filed an 8-K report on January 30, 2024, primarily to furnish its press release announcing financial results for the fourth quarter and full year ended December 31, 2023. While the full details of the financial performance are within the furnished press release (Exhibit 99.1), this filing itself signals the release of this key investor information. Investors should refer to the press release for specific metrics on revenue, profitability, segment performance, and any forward-looking guidance provided by MPLX.
MPLX LP 8-K Report, Executive Changes (Dec 21, 2023)
MPLX LP (MPLX) announced a significant leadership change in its executive team through an 8-K filing on December 21, 2023. C. Kristopher Hagedorn has been appointed as the new Executive Vice President and Chief Financial Officer (CFO), effective January 1, 2024. Mr. Hagedorn's appointment marks a continuation of internal talent development, as he previously served as MPLX's Vice President and Controller and most recently as Senior Vice President and Controller of its general partner, Marathon Petroleum Corporation (MPC). This transition also involves the departure of the current CFO, John J. Quaid, who will move to a similar role at MPC. Investors should note that Mr. Hagedorn's compensation structure is tied to MPC's programs, and details regarding any adjustments specific to his MPLX CFO role will be determined in early 2024. Additionally, Mr. Hagedorn has been appointed to the Board of Directors of MPLX GP LLC, effective January 1, 2024, further integrating leadership across the entities.
MPLX LP 8-K Report, Financial Results (Oct 31, 2023)
MPLX LP filed an 8-K on October 31, 2023, to furnish its press release detailing its financial results for the third quarter ended September 30, 2023. While the filing itself is brief, it directs investors to the accompanying press release (Exhibit 99.1) for comprehensive financial and operational performance details. Investors should review this press release for information regarding revenue, net income, distributable cash flow, segment performance, and any forward-looking statements or strategic updates. The core purpose of this 8-K is to make the Q3 2023 earnings announcement publicly available in a formal SEC filing. The information contained within the press release is crucial for understanding MPLX's recent performance, its ability to generate cash flow, and its overall financial health, which directly impacts its capacity to fund distributions to unitholders and invest in future growth.
MPLX LP 8-K Report, Executive Changes (Oct 30, 2023)
MPLX LP (MPLX) announced a key leadership change within its legal department. Suzanne Gagle, the long-serving General Counsel, has informed the company of her intention to retire, effective January 5, 2024, after more than three decades of service. This marks the end of an era for a significant figure in the company's legal and governance operations. Stepping into the critical role of Chief Legal Officer and Corporate Secretary will be Molly R. Benson, who currently holds the position of Vice President, Chief Securities, Governance & Compliance Officer and Corporate Secretary. Ms. Benson's appointment will be effective January 1, 2024, allowing for a smooth transition before Ms. Gagle's retirement. Investors should view this as a planned succession, indicating stability in leadership and a continuation of the company's governance practices.
MPLX LP 8-K Report, Financial Results (Aug 1, 2023)
MPLX LP filed an 8-K on August 1, 2023, to announce its financial results for the second quarter ended June 30, 2023. The primary purpose of this filing is to furnish the press release containing these results, which is incorporated by reference. Investors should refer to the press release (Exhibit 99.1) for detailed financial performance, operational metrics, and forward-looking statements from MPLX LP for the specified period. While the 8-K itself is brief and primarily serves as a notification of the press release, the accompanying financial results press release will contain the critical information regarding revenue, profitability, segment performance, capital expenditures, and guidance that investors rely on to assess the company's health and future prospects. It is important to note that the information furnished in this 8-K, including the press release, is not considered "filed" for certain regulatory purposes but is provided for public dissemination.
MPLX LP 8-K Report, Executive Changes (May 3, 2023)
MPLX LP's 8-K filing on May 3, 2023, primarily announces the retirement of a board member, Dan D. Sandman. This departure is in accordance with the company's mandatory retirement policy, as outlined in its Governance Principles. While not indicative of any performance issues, the retirement of a long-standing director is a notable event for governance observation. Investors should note that no new appointments or other significant operational changes were disclosed in this specific filing, which appears focused solely on this governance update.
MPLX LP 8-K Report, Financial Results (May 2, 2023)
MPLX LP (MPLX) filed an 8-K on May 2, 2023, primarily to furnish its earnings press release for the first quarter ended March 31, 2023. While the 8-K itself doesn't contain detailed financial data, it directs investors to the accompanying press release (Exhibit 99.1) for the specific operational and financial results. This is a standard procedure for reporting quarterly earnings and allows investors to access MPLX's performance metrics, including revenue, net income, distributable cash flow, and key operational achievements for the period.
MPLX LP 8-K Report, Corporate Update (Feb 9, 2023)
MPLX LP filed an 8-K on February 9, 2023, primarily to disclose material agreements related to its financing activities. The filing includes an Underwriting Agreement dated February 2, 2023, detailing terms for a public offering of securities, with J.P. Morgan Securities LLC, BofA Securities, Inc., and MUFG Securities Americas Inc. acting as underwriters. This suggests potential capital raising to fund operations or growth initiatives. Additionally, the report contains two Supplemental Indentures dated February 9, 2023, one twenty-seventh and one twenty-eighth, both with The Bank of New York Mellon Trust Company, N.A. as Trustee. These indentures likely relate to the issuance of new debt securities. Investors should view these filings as indicators of the company's ongoing capital management strategy and potential expansion or refinancing efforts.
MPLX LP 8-K Report, Financial Results (Jan 31, 2023)
MPLX LP (MPLX) filed an 8-K on January 31, 2023, to furnish a press release detailing its financial results for the fourth quarter and full year ended December 31, 2022. While the filing itself is procedural, the attached press release (Exhibit 99.1) is the primary source of new information for investors. Investors should review this press release to understand MPLX's performance, operational achievements, and financial condition as reported by the company for the period. The furnished press release contains the company's reported financial results and operational metrics. It is important to note that the information provided in this Item 2.02 and Exhibit 99.1 is typically not considered 'filed' for the purposes of Section 18 of the Exchange Act, meaning it doesn't carry the same legal liability as a formal filing. However, it serves as the official communication channel for the company's quarterly and annual earnings.
MPLX LP 8-K Report, Executive Changes (Nov 16, 2022)
MPLX LP (MPLX) announced a change to its Board of Directors on November 16, 2022. The board size was increased to ten members with the election of Christine S. Breves as a new director. Ms. Breves is expected to contribute to key board committees, specifically the audit and conflicts committees, suggesting a focus on financial oversight and related-party transaction management.
MPLX LP 8-K Report, Financial Results (Nov 1, 2022)
MPLX LP (MPLX) filed an 8-K on November 1, 2022, to report its financial results for the third quarter ended September 30, 2022. The primary purpose of this filing is to furnish the accompanying press release, which contains the detailed financial and operational performance for the period. Investors should refer to the press release (Exhibit 99.1) for specific metrics regarding revenue, earnings, segment performance, and guidance updates. This filing serves as the official notification of these results to the market. While the 8-K itself is brief, it directs stakeholders to the comprehensive information provided in the press release, which is crucial for understanding the company's current financial health and future outlook.
MPLX LP 8-K Report, Corporate Update (Oct 11, 2022)
MPLX LP (MPLX) filed a Form 8-K on October 11, 2022, primarily to disclose a letter from its Chairman, President, and CEO, Michael J. Hennigan, to colleagues and unitholders regarding his health. This filing's main purpose is to inform stakeholders about the CEO's personal health update. While not containing financial or operational results, this communication is crucial for understanding leadership continuity and potential impacts on company strategy and operations. Investors should note that the details of Mr. Hennigan's health are contained within the attached Exhibit 99.1. The SEC filing itself serves as the formal notification mechanism for this significant, albeit personal, development. Further details regarding any operational adjustments or implications stemming from this health update would likely be communicated through subsequent filings or investor relations channels.
MPLX LP 8-K Report, Executive Changes (Aug 22, 2022)
MPLX LP (MPLX) filed an 8-K on August 22, 2022, to report a change in executive leadership. Timothy J. Aydt, who has been serving as Executive Vice President and Chief Commercial Officer of MPLX GP LLC since August 2020, will transition to a new role as Executive Vice President, Refining at Marathon Petroleum Corporation (MPC) effective September 1, 2022. This change signifies a movement of a key executive within the broader MPC structure, with Mr. Aydt stepping down from his MPLX operational role.
MPLX LP 8-K Report, Corporate Update (Aug 11, 2022)
MPLX LP (MPLX) filed an 8-K on August 11, 2022, primarily to disclose exhibits related to its S-3 registration statement. The key filings include an Underwriting Agreement dated August 8, 2022, and a Twenty-Sixth Supplemental Indenture dated August 11, 2022. These documents suggest that MPLX has recently engaged in, or is preparing to engage in, a debt offering. The Underwriting Agreement outlines the terms for the sale of securities, indicating involvement of several underwriters like Barclays Capital Inc., Mizuho Securities USA LLC, and Wells Fargo Securities, LLC. The Supplemental Indenture details the terms of a new series of notes being issued by MPLX. Investors should interpret these filings as signals of potential capital raising activities by MPLX, which could be for general corporate purposes, acquisitions, or refinancing existing debt. The specific details of the debt offering, such as the principal amount, interest rate, and maturity, are not provided in this 8-K, but their execution implies MPLX's ongoing strategy to manage its capital structure.
MPLX LP 8-K Report, Financial Results (Aug 2, 2022)
MPLX LP (MPLX) filed an 8-K on August 2, 2022, primarily to furnish a press release detailing its financial results for the quarter ended June 30, 2022. Investors should note that while this information provides key operational and financial updates, it is furnished and not deemed "filed" under Section 18 of the Exchange Act. This means it doesn't automatically carry the same legal weight as a fully filed document in SEC reporting, though it is crucial for understanding the company's recent performance. The press release, incorporated by reference, likely contains details on revenue, earnings, operational metrics, and potentially guidance for the remainder of the fiscal year. Investors are advised to review the furnished press release (Exhibit 99.1) for specific financial figures and management's commentary on the quarter's performance and future outlook. This filing serves as the official notification of these results to the market.
MPLX LP 8-K Report, Material Agreement (Jul 12, 2022)
MPLX LP (MPLX) has announced the execution of a new $2.0 billion, five-year unsecured revolving credit facility, referred to as the New MPLX Credit Agreement, which became effective on July 7, 2022. This new facility replaces the company's prior $3.5 billion credit agreement and provides enhanced financial flexibility. Investors should note the potential for an additional $1.0 billion increase in commitments and the option for two one-year maturity extensions, subject to lender consent. The agreement includes provisions for swing-line loans and letters of credit, with commitment fees and interest rates tied to MPLX's credit ratings, offering a cost-effective financing option.
MPLX LP 8-K Report, Material Agreement (Jul 7, 2022)
MPLX LP (MPLX) has filed an 8-K report detailing a material definitive agreement entered into on June 30, 2022. The core of this filing is a Master Amendment to Transportation Services Agreements (the "Master Amendment") executed by MPLX subsidiaries (Marathon Pipe Line LLC and Ohio River Pipe Line LLC) and Marathon Petroleum Company LP and Marathon Petroleum Supply and Trading LLC (both subsidiaries of Marathon Petroleum Corporation, the parent of MPLX). This amendment is significant as it extends the term of six key transportation services agreements through 2032, with provisions for automatic renewals of up to two additional five-year terms thereafter. This extension provides substantial long-term visibility and stability for MPLX's transportation operations, reinforcing its relationship with its parent company, Marathon Petroleum Corporation. Investors should view this as a positive development, indicating continued operational alignment and a commitment to long-term infrastructure utilization. The extended agreements ensure a predictable revenue stream from these critical transportation assets, reducing near-term uncertainty and bolstering the company's stable infrastructure business model.
MPLX LP 8-K Report, Financial Results (May 3, 2022)
MPLX LP (MPLX) filed an 8-K on May 3, 2022, primarily to furnish its earnings press release for the first quarter ended March 31, 2022. The press release, attached as Exhibit 99.1, contains the company's financial results and operational updates for the period. Investors should refer to this press release for detailed financial performance and key metrics, as the 8-K itself does not provide extensive commentary beyond referencing the release.
MPLX LP 8-K Report, Corporate Update (Apr 21, 2022)
MPLX LP (MPLX) filed an 8-K on April 21, 2022, primarily to disclose a letter from its Chairman, President, and CEO, Michael J. Hennigan, to colleagues and unitholders. The letter informs stakeholders about a recently diagnosed medical condition affecting Mr. Hennigan. While the filing does not contain any new financial results or operational updates, the information regarding the CEO's health is a material event for investors. The immediate impact on operations or future leadership is not detailed in this specific filing, but it is a point of attention for understanding the stability and continuity of leadership within the company.
MPLX LP 8-K Report, Corporate Update (Mar 14, 2022)
MPLX LP (MPLX) filed an 8-K on March 14, 2022, primarily to disclose the filing of certain exhibits related to its Registration Statement on Form S-3. The key events detailed are the execution of an Underwriting Agreement on March 10, 2022, and the execution of a Twenty-Fifth Supplemental Indenture on March 14, 2022. These filings indicate that MPLX LP is likely engaged in or preparing for a debt offering, utilizing its shelf registration to raise capital. Investors should note the involvement of major underwriters like Citigroup Global Markets, RBC Capital Markets, and TD Securities, which suggests a significant debt issuance. The supplemental indenture with The Bank of New York Mellon Trust Company, N.A. as Trustee, confirms the formalization of terms for new debt instruments. While this 8-K does not provide specific financial details of the offering, it signals active capital markets activity by MPLX LP, which is crucial for funding growth initiatives and managing its debt structure.
MPLX LP 8-K Report, Financial Results (Feb 2, 2022)
MPLX LP (MPLX) filed an 8-K on February 2, 2022, to report its financial results for the fourth quarter and full year ended December 31, 2021. The primary purpose of this filing is to furnish the press release detailing these results, which is incorporated by reference. Investors should note that the information contained within this filing, particularly the press release, is provided for informational purposes and is generally not considered 'filed' under Section 18 of the Exchange Act, meaning it doesn't carry the same legal implications as other filed documents unless explicitly stated. The key takeaways for investors will be found within the attached press release (Exhibit 99.1), which will contain the operational and financial performance metrics for the period.
MPLX LP 8-K Report, Executive Changes (Dec 3, 2021)
MPLX LP (MPLX) announced a change in its Board of Directors, effective December 31, 2021, and January 1, 2022, respectively. In line with its governance principles, the Board accepted the resignations of Donald C. Templin and Pamela K.M. Beall. Both directors were "Management Directors" who have retired from the Marathon Group, MPLX's affiliate. This transition is a standard procedural move aligned with MPLX's corporate governance framework and does not represent an unexpected change in strategic direction. Concurrently, MPLX's Board will expand to nine members with the appointment of John J. Quaid as a director, effective January 1, 2022. Mr. Quaid currently holds the position of Executive Vice President and Chief Financial Officer for the General Partner. His appointment as a director is a common practice for key executives and he will not receive additional compensation for his board service. This move ensures continued alignment between executive leadership and board oversight.
MPLX LP 8-K Report, Financial Results (Nov 2, 2021)
MPLX LP (MPLX) filed an 8-K on November 2, 2021, primarily to furnish its earnings press release for the quarter ended September 30, 2021. This filing provides investors with key financial and operational data for the period. While the 8-K itself doesn't contain detailed financial tables, it directs investors to the press release (Exhibit 99.1) for the specific results of operations and financial condition. Investors should review the furnished press release for details on MPLX's performance, including revenue, profitability, segment performance (e.g., Logistics and Storage, Gathering and Processing), and any forward-looking statements or guidance. The filing also notes that the information provided in this Item 2.02 and Exhibit 99.1 is furnished and not deemed "filed" under Section 18 of the Exchange Act, meaning it does not automatically become part of other SEC filings unless expressly incorporated.
MPLX LP 8-K/A Report, Financial Results (Nov 2, 2021)
MPLX LP (MPLX) filed an 8-K/A on November 2, 2021, primarily to furnish a press release announcing its third-quarter 2021 financial results. This filing serves as an important update for investors to review the company's operational and financial performance. Key details from the press release, which is incorporated by reference, would typically include revenue, earnings per unit, distributable cash flow, and segment performance, offering insights into the company's operational execution and financial health during the period. Investors should pay close attention to the information presented in the furnished press release for a comprehensive understanding of MPLX's third-quarter results. This includes any commentary from management regarding performance drivers, capital allocation strategies, and outlook for the remainder of the year. The filing itself does not contain new financial data but directs stakeholders to the detailed earnings release for such information.
MPLX LP 8-K Report, Executive Changes (Aug 4, 2021)
MPLX LP (MPLX) announced a significant leadership transition in its finance department via an 8-K filing on August 3, 2021, detailing changes effective September 1, 2021. The most notable change is the appointment of John J. Quaid as the new Executive Vice President and Chief Financial Officer (CFO), who will also serve as the company's principal financial officer. Mr. Quaid brings extensive experience from its ultimate parent company, Marathon Petroleum Corporation (MPC), where he served as Senior Vice President and Controller. This appointment signals a continuation of the company's strategy, as MPLX relies on MPC for its operational and management personnel. Investors should note that Mr. Quaid's compensation and benefits will be managed through MPC. Additionally, Kelly D. Wright has been appointed as Vice President and Controller, effective September 1, 2021, and will serve as MPLX's principal accounting officer. Ms. Wright also has a strong background within MPC and its predecessor companies, including Andeavor. The filing also marks the retirement of current CFO Pamela K.M. Beall after over 25 years of service, with an advisory role to ensure a smooth transition. These executive changes are part of normal course operations and succession planning within the MPLX structure.
MPLX LP 8-K Report, Financial Results (Aug 4, 2021)
MPLX LP (MPLX) filed an 8-K on August 4, 2021, primarily to furnish its earnings press release for the quarter ended June 30, 2021. This filing does not contain new operational details or strategic shifts within the 8-K itself but directs investors to the accompanying press release for comprehensive financial results and performance metrics. Investors should review the furnished press release for information regarding revenue, earnings, segment performance, and any forward-looking statements or guidance provided by the company.
MPLX LP 8-K Report, Financial Results (May 4, 2021)
MPLX LP (MPLX) filed an 8-K on May 4, 2021, primarily to furnish a press release announcing its financial results for the quarter ended March 31, 2021. Investors should refer to the press release (Exhibit 99.1) for detailed financial performance and operational updates. This filing itself does not contain the financial data but serves as the official mechanism to incorporate the press release into the public record. The information provided in this 8-K, including the press release, is furnished and not considered "filed" for purposes of Section 18 of the Exchange Act, unless explicitly stated otherwise in a future filing. Therefore, the full financial details and forward-looking statements will be found within the referenced press release, which is crucial for a comprehensive understanding of MPLX's performance during the first quarter of 2021.
MPLX LP 8-K Report, Executive Changes (Apr 26, 2021)
This 8-K filing from MPLX LP reports on a routine leadership change, specifically the retirement of a board member. Michael L. Beatty retired from his position on the board of directors of MPLX GP LLC, the general partner of MPLX LP. This retirement was in accordance with the company's established mandatory retirement policy, as outlined in their Governance Principles. This event does not appear to involve any unexpected departures or strategic shifts but rather a planned succession event.
MPLX LP 8-K Report, Bylaw Amendment (Feb 3, 2021)
MPLX LP (MPLX) filed an 8-K on February 2, 2021, reporting an amendment to its Agreement of Limited Partnership, effective February 1, 2021. This amendment, specifically the Sixth Amended and Restated Partnership Agreement, primarily focused on simplifying the partnership's capital structure. The key action taken was the cancellation and elimination of the TexNew Mex Units, which were wholly owned by a subsidiary of Marathon Petroleum Corporation (MPC), the parent company. Consequently, the capital account associated with these TexNew Mex Units has been reassigned to the Special Limited Partner Interest, also held by the MPC subsidiary. This move eliminates the obligation for MPLX to make cash distributions on these specific units.