When was MPLX founded?

MPLX was founded in 2012 and raised its 1st funding round 2 years after it was founded.

Where is MPLX located?

MPLX is headquartered in Findlay, United States.

How many employees does MPLX have?

As of Mar 31, 2026, the latest employee count at MPLX is 628.

Is MPLX a funded company?

MPLX is a funded company, having raised an undisclosed amount across 2 funding rounds to date. The company's 1st funding round was a $***** Conventional Debt round, raised on 2014.

When was the latest funding round of MPLX?

MPLX's latest funding was a $***** Post IPO round on May 13, 2016, with participation from 4 investors.

What is the annual revenue of MPLX?

Annual revenue of MPLX is more than $1B as on Dec 31, 2025

Where does MPLX rank among its competitors?

MPLX ranks 1st amongst 49 active competitors, only 1 of which is funded. Buckeye Partners, which secured $1.7M in Feb, 2026.

Who are the top competitors of MPLX?

MPLX's top competitors include Buckeye Partners, Ocensa and Magellan Midstream Partners. Among them, Buckeye Partners secured the most recent funding round in February, 2026.

MPLX - 2026 Company Profile, Team, Funding, Competitors & Financials

MPLX is a public company based in Findlay (United States), founded in 2012. It operates as an Operator of crude oil pipelines. MPLX has raised an undisclosed amount in funding. The company has 49 active competitors, including 1 funded and 11 that have exited. Its top competitors include companies like Buckeye Partners, Ocensa and Magellan Midstream Partners.

Company Details

Website: www.mplx.com/
Phone Number: +1 **********
Part Of

Key Metrics

Founded Year

2012

Location

Findlay, United States

Stage

Public

Latest Funding Round

Post IPO, May 13, 2016, $*****

Investors

Magnetar & 3 more

Ranked

1^st among 49 active competitors

Annual Revenue

$1B+ as on Dec 31, 2025

Employee Count

628 as on Mar 31, 2026

Investment & Acquisitions

NW Midstream & 3 more

Similar Companies

Buckeye Partners & 56 more

Exit Details

Public

View MPLX's full profile

MPLX is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
MPLX LP CIN: 1552000 , United States, Active	Mar 26, 2012	$1B+ (As on Dec 31, 2025)	5810 (As on Dec 31, 2023)	-

MPLX got listed on Oct 26, 2012.

Click here to take a look at MPLX's IPO in detail

MPLX has raised funding over 2 rounds. Its first funding round was on 2014. Its latest funding round was a Post IPO round on May 13, 2016 for $*****. 4 investors participated in its latest round. MPLX has 4 institutional investors.

Here is the list of recent funding rounds of MPLX:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 13, 2016	3137499	Post IPO	4255702	1772499	8616067	8779186
2014	2573	Conventional Debt	8154	2834	5103	4708

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MPLX's employee count trend

MPLX has 628 employees as of Mar 26. Here is MPLX's employee count trend over the years:

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Top competitors of MPLX include Buckeye Partners, Ocensa and Magellan Midstream Partners. Here is the list of Top 10 competitors of MPLX, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	MPLX 2012, Findlay (United States), Public	Operator of crude oil pipelines	-	Magnetar, The Energy & Minerals Group & 2 others	60/100
2nd	Buckeye Partners 1886, Toledo (United States), Acquired	Provider of midstream logistic solutions	-	First Reserve	57/100
3rd	Ocensa 1994, Bogota (Colombia), Acquired	Crude oil pipeline management in Columbia	$980M	Darby Overseas Investments, Advent International ... & 1 others	52/100
4th	Magellan Midstream Partners 2000, Tulsa (United States), Acquired	Provider of pipeline based oil transportation and distribution services	-	RBC Capital Markets, SunTrust Robinson Humphrey ... & 11 others	48/100
5th	Trans Mountain 1951, El Paso (United States), Unfunded	Provider of crude oil pipeline management services	-	-	46/100
6th	GulfMark Energy 1990, Houston (United States), Unfunded	Crude oil marketing and transportation company	-	-	43/100
7th	PTT International Trading 2000, Singapore (Singapore), Unfunded	Transport service provider for petrochemical and petroleum products	-	-	42/100
8th	NuStar Energy 2001, United States, Acquired	Operates liquid terminals and pipelines	-	EIG Global Energy Partners, AE Wealth Management ... & 1 others	42/100
9th	CanAsia Energy 2022, Calgary (Canada), Public	Development and production of crude oil and natural gas reserves	-	-	39/100
10th	Purus 1996, London (United Kingdom), Funding Raised	Provider of maritime services for offshore wind and gas transport	-	S2G Investments	37/100

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MPLX has not made any investments yet. MPLX has made 4 acquisitions.

Here is the list of latest three $acquisitions:

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Jul 31, 2025	Acquisition	NW Midstream	2022	Houston (United States)
May 07, 2025	Acquisition	Matterhorn Express Pipeline	2022	Austin (United States)
May 08, 2019	Acquisition	Andeavor Logistics	2010	San Antonio (United States)