MPLX LP (NYSE:MPLX) Files An 8-K Unregistered Sales of Equity SecuritiesItem 3.02
MPLX LP (NYSE:MPLX) Files An 8-K Unregistered Sales of Equity Securities
Unregistered Sales of Equity Securities.
In connection with the issuance by MPLX LP (“MPLX”) of 35,090 common units upon the vesting of phantom units under the MPLX 2012 Incentive Compensation Plan and 4,151,258 common units under MPLX’s at-the-market equity offering program during the month of March, on March 31, 2017, MPLX GP LLC purchased 85,436 general partner units for $3,065,857 in cash to maintain its two percent general partner interest in MPLX. The general partner units were issued in reliance on an exemption from registration under Section 4(a)(2) of the Securities Act of 1933, as amended.
About MPLX LP (NYSE:MPLX)
MPLX LP is a United States-based diversified master limited partnership (MLP) company, which owns, operates, develops and acquires midstream energy infrastructure assets. The Company is engaged in the gathering, processing and transportation of natural gas; the gathering, transportation, fractionation, storage and marketing of natural gas liquids (NGLs); and the gathering, transportation and storage of crude oil and refined petroleum products. The Company’s segments are Logistics and Storage (L&S) and Gathering and Processing (G&P). Its assets include infrastructure to support Marathon Petroleum Corporation (MPC), including approximately 2,900 miles of crude oil and refined product pipelines across over nine states. The Company owns a barge dock facility with approximately 80 thousand barrels per day (mbpd) of crude oil and product throughput capacity, as well as crude oil and product storage facilities with approximately 4,530 thousand barrels (mbbls) of available storage capacity. MPLX LP (NYSE:MPLX) Recent Trading Information
MPLX LP (NYSE:MPLX) closed its last trading session up +0.36 at 36.44 with 787,474 shares trading hands.
MPLX LP is a United States-based diversified master limited partnership (MLP) company, which owns, operates, develops and acquires midstream energy infrastructure assets. The Company is engaged in the gathering, processing and transportation of natural gas; the gathering, transportation, fractionation, storage and marketing of natural gas liquids (NGLs); and the gathering, transportation and storage of crude oil and refined petroleum products. The Company’s segments are Logistics and Storage (L&S) and Gathering and Processing (G&P). Its assets include infrastructure to support Marathon Petroleum Corporation (MPC), including approximately 2,900 miles of crude oil and refined product pipelines across over nine states. The Company owns a barge dock facility with approximately 80 thousand barrels per day (mbpd) of crude oil and product throughput capacity, as well as crude oil and product storage facilities with approximately 4,530 thousand barrels (mbbls) of available storage capacity. MPLX LP (NYSE:MPLX) Recent Trading Information
MPLX LP (NYSE:MPLX) closed its last trading session up +0.36 at 36.44 with 787,474 shares trading hands.