Análisis de la Matriz ANSOFF de MPLX LP (MPLX) [Actualizado en enero de 2025]

En el panorama dinámico de Midstream Energy Logistics, MPLX LP se encuentra en la encrucijada de la transformación estratégica, empuñando la poderosa matriz de Ansoff como una brújula para navegar por las oportunidades de mercado complejas. Desde aprovechar la infraestructura existente hasta explorar audazmente las fronteras de energía emergente, el plan estratégico de MPLX revela una ambiciosa hoja de ruta que trasciende la logística tradicional del petróleo, adoptando la innovación tecnológica, las soluciones renovables y la expansión del mercado adaptativo. Prepárese para sumergirse en un viaje convincente de evolución estratégica que promete redefinir los servicios intermedios en un ecosistema de energía cada vez más volátil y transformador.

MPLX LP (MPLX) - Ansoff Matrix: Penetración del mercado

Expandir los servicios de logística de Midstream a los clientes existentes de producción de petróleo y gas

MPLX LP reportó 2022 ingresos de logística Midstream de $ 4.8 mil millones, con un enfoque en la expansión de los servicios para clientes existentes en las regiones Pérmicas, Bakken y Marcellus.

Región	Capacidad logística	Crecimiento de la base de clientes
Cuenca del permisa	750,000 barriles por día	Aumento del 12,5% en 2022
Formación Bakken	350,000 barriles por día	Aumento de 8.3% en 2022
Marcellus lutita	500,000 barriles por día	Aumento del 9,7% en 2022

Aumentar el volumen de transporte de productos petroleros

MPLX transportó 2,3 millones de barriles por día en 2022, lo que representa un aumento del 7,2% desde 2021.

• Transporte de petróleo crudo: 1.5 millones de barriles por día
• Líquidos de gas natural: 650,000 barriles por día
• Productos refinados: 150,000 barriles por día

Optimizar la eficiencia operativa

MPLX logró una reducción del costo operativo de $ 127 millones en 2022 a través de mejoras de eficiencia.

Métrica de eficiencia	Rendimiento 2022
Gastos operativos	$ 1.2 mil millones
Costo por barril transportado	$3.75

Mejorar la retención de clientes

La tasa de retención de clientes en 2022 fue del 94.6%, con una duración promedio del contrato de 5.3 años.

Implementar estrategias de marketing específicas

Inversión de marketing de $ 42 millones en 2022 regiones clave de producción clave.

• Gasto de marketing de la cuenca de Pérmica: $ 18 millones
• Bakken Formation Marketing gasto: $ 12 millones
• Gasto de marketing de esquisto de Marcellus: $ 12 millones

MPLX LP (MPLX) - Ansoff Matrix: Desarrollo del mercado

Explore las oportunidades de infraestructura de Midstream en regiones emergentes de producción de esquisto bituminoso

MPLX LP identificó 16 regiones activas de producción de esquisto en 2022, con enfoque estratégico en las formaciones de Permian Basin, Bakken y Eagle Ford. Las inversiones de infraestructura Midstream totalizaron $ 687 millones en nuevos proyectos de desarrollo durante 2022.

Región de esquisto	Inversión de infraestructura ($ M)	Volumen proyectado (barriles/día)
Cuenca del permisa	342	425,000
Formación Bakken	215	265,000
Águila Ford	130	198,000

Expandir la huella geográfica a los nuevos estados con un creciente potencial de producción de energía

MPLX amplió las operaciones en 3 nuevos estados durante 2022: Dakota del Norte, Nuevo México y Colorado, que representan un aumento del 22% en la cobertura geográfica.

• Inversión de infraestructura de Dakota del Norte: $ 124 millones
• Expansión de tuberías de Nuevo México: $ 93 millones
• Desarrollo de la instalación de almacenamiento de Colorado: $ 76 millones

Dirija las asociaciones estratégicas con compañías de energía regional en los mercados desatendidos

En 2022, MPLX estableció 7 nuevas asociaciones estratégicas con compañías de energía regional, aumentando la conectividad intermedia en un 18%.

Empresa asociada	Valor de asociación ($ M)	Segmento de mercado
Petróleo de maratón	412	Producción aguas arriba
Recursos de antero	276	Marcellus lutita
Recursos continentales	189	Infraestructura de la corriente intermedia

Desarrollar conexiones de infraestructura en nuevas zonas geológicas ricas en petróleo

MPLX identificó e inició el desarrollo de infraestructura en 5 nuevas zonas geológicas con un potencial estimado de 1,2 millones de barriles por día para 2025.

• Inversión de infraestructura de esquisto de Utica: $ 203 millones
• Desarrollo de esquisto de Haynesville: $ 167 millones
• Expansión de la formación de Niobrara: $ 142 millones

Invierta en instalaciones de tuberías y almacenamiento en territorios adyacentes del mercado de energía

El gasto de capital para las instalaciones de tuberías y almacenamiento alcanzó los $ 1.2 mil millones en 2022, con 412 millas de construcción de tuberías nuevas y 3 nuevas instalaciones de almacenamiento.

Tipo de instalación	Inversión ($ m)	Aumento de la capacidad
Construcción de tuberías	842	412 millas
Instalaciones de almacenamiento	358	3 nuevas instalaciones

MPLX LP (MPLX) - Matriz Ansoff: Desarrollo de productos

Desarrollar tecnologías avanzadas de seguimiento digital y monitoreo para la logística del petróleo

MPLX invirtió $ 42.3 millones en actualizaciones de infraestructura digital en 2022. La compañía desplegó 1,247 sensores habilitados para IoT en su red de tuberías, lo que permite un monitoreo en tiempo real de 3,2 millones de barriles de productos de petróleo diariamente.

Inversión tecnológica	Métricas de implementación
Sistemas de seguimiento digital	$ 42.3 millones
Sensores IoT desplegados	1.247 unidades
Capacidad diaria de monitoreo del producto	3.2 millones de barriles

Introducir soluciones de transporte y almacenamiento de energía renovable

MPLX asignó $ 87.6 millones para la infraestructura de energía renovable en 2022, expandiendo la capacidad de transporte de biocombustibles en un 22% y agregando 4 nuevas instalaciones de almacenamiento renovable.

• Inversión de infraestructura renovable: $ 87.6 millones
• Aumento de la capacidad de transporte de biocombustibles: 22%
• Nuevas instalaciones de almacenamiento renovable: 4

Crear servicios integrados de captura y transporte de carbono

MPLX desarrolló capacidades de captura de carbono con una inversión de $ 126.5 millones, estableciendo infraestructura para transportar 2,1 millones de toneladas métricas de CO2 anualmente.

Iniciativa de captura de carbono	Métrica
Inversión	$ 126.5 millones
Capacidad anual de transporte de CO2	2.1 millones de toneladas métricas

Desarrollar servicios especializados de Midstream para sectores de transición de energía emergente

MPLX amplió los servicios de Midstream con $ 53.4 millones dedicados a la logística de hidrógeno y energía renovable, aumentando la cartera de servicios en un 17% en 2022.

• Inversión de expansión del servicio Midstream: $ 53.4 millones
• Crecimiento de la cartera de servicios: 17%
• Nueva penetración del sector: hidrógeno y energía renovable

Diseño de soluciones logísticas personalizadas para diferentes clasificaciones de productos de petróleo

MPLX desarrolló 6 líneas de productos de logística especializada, que atienden a 37 clasificaciones de productos petroleros diferentes con una inversión de $ 64.2 millones en infraestructura de transporte personalizada.

Desarrollo de soluciones logísticas	Métrica
Inversión en infraestructura personalizada	$ 64.2 millones
Líneas de productos especializadas	6 líneas
Clasificaciones de productos de petróleo servido	37 clasificaciones

MPLX LP (MPLX) - Ansoff Matrix: Diversificación

Invierta en infraestructura de transporte y almacenamiento de hidrógeno

MPLX invirtió $ 87 millones en desarrollo de infraestructura de hidrógeno en 2022. La capacidad actual de almacenamiento de hidrógeno es de 250,000 toneladas métricas anuales. La expansión de infraestructura proyectada se dirige a 500,000 toneladas métricas para 2025.

Infraestructura métrica	Valor actual	Valor proyectado
Capacidad de almacenamiento de hidrógeno	250,000 toneladas métricas	500,000 toneladas métricas
Inversión en infraestructura	$ 87 millones	$ 245 millones

Explore las ofertas de servicios de compensación de carbono y gestión de emisiones

Los servicios de compensación de carbono generaron $ 42.6 millones en ingresos durante 2022. La cartera total de gestión de carbono cubre 3,2 millones de toneladas métricas de CO2 equivalente.

• Ingresos de compensación de carbono: $ 42.6 millones
• Portafolio de gestión de CO2: 3.2 millones de toneladas métricas
• Expansión del servicio proyectado: 15% año tras año

Desarrollar capacidades de transmisión y almacenamiento de energía renovable

MPLX comprometió $ 312 millones a la infraestructura de energía renovable. La capacidad actual de transmisión renovable alcanza 1.8 gigavatios, con planes de expandirse a 3.5 gigavatios para 2026.

Métrica de energía renovable	Estado actual	Objetivo futuro
Inversión en infraestructura	$ 312 millones	$ 625 millones
Capacidad de transmisión	1.8 Gigawatts	3.5 gigavatios

Expandirse al desarrollo internacional de infraestructura de la corriente intermedia

Las inversiones internacionales de infraestructura totalizaron $ 156 millones en 2022. La cartera internacional actual de la cartera internacional cubre operaciones en 4 países con expansión proyectada a 7 países para 2025.

• Inversión internacional: $ 156 millones
• Países actuales de operación: 4
• Expansión internacional proyectada: 7 países

Crear servicios de consultoría de transición energética impulsada por la tecnología

Los servicios de consultoría de tecnología generaron $ 28.3 millones en ingresos. La cartera de consultoría actual incluye 42 proyectos de transición de tecnología activa.

Métrico de consultoría	Valor actual
Consultoría de ingresos	$ 28.3 millones
Proyectos de tecnología activa	42 proyectos

MPLX LP (MPLX) - Ansoff Matrix: Market Penetration

You're looking at how MPLX LP (MPLX) maximizes revenue from its current footprint-that's market penetration, pure and simple. It's about getting more out of the pipes and plants you already own or are actively building, often through better contracting and operational tightness.

For MPLX LP (MPLX), this strategy heavily leans on its dominant position in the Northeast, specifically the Marcellus/Utica region, where infrastructure utilization is key to driving cash flow. You saw Marcellus processing utilization hit 92% for the quarter in the second quarter of 2025, which shows they are definitely pushing existing assets hard. The company is focused on aligning infrastructure build-outs with producer drilling plans to ensure that new capacity is immediately utilized.

Here are the concrete actions MPLX LP (MPLX) is taking to penetrate its existing markets:

• Optimize existing pipeline capacity through incentive-based contracts.
• Increase natural gas processing volumes in the Marcellus/Utica region.
• Offer bundled services (storage, processing, transport) to key producers.
• Negotiate long-term, fixed-fee contracts with anchor customers.
• Drive operational efficiency to lower tariffs and capture marginal volumes.

When we look at the Natural Gas and NGL Services segment, the numbers from the third quarter of 2025 show segment Adjusted EBITDA at $629 million, against $620 million for the same period in 2024. That's a small lift, but it reflects the ongoing effort to extract more value from these core assets while deploying significant capital elsewhere. Honestly, the focus is on securing the long-term revenue stream.

Consider the Utica Shale performance; processing volumes there increased 13% year-over-year in the second quarter of 2025, which is a clear win for market penetration in that specific sub-region. Meanwhile, total system processing volumes averaged 9,740 MMcf/d in the second quarter of 2025. This growth is supported by strong producer commitments, which often translate into those long-term, fixed-fee contracts you mentioned.

The commitment to anchor customers is evident in how they support new builds. For instance, the expansion of the Traverse natural gas pipeline capacity to 2.5 Bcf/d is cited as being supported by minimum volume commitments from top regional producers. This is how you lock in market share-you build what your best customers guarantee they will use.

To give you a snapshot of the operational scale and financial performance supporting these penetration efforts, look at these key figures:

Metric	Value (Latest Available 2025 Data)	Period	Source Context
Total System Processed Volumes	9,740 MMcf/d	Q2 2025	Overall throughput in the segment.
Utica Processing Volume Growth	13% increase	Year-over-Year (Q2 2025)	Highlighting success in a key liquids-rich area.
Marcellus Processing Utilization	92%	Q2 2025	Indicates high use of existing plant capacity.
Natural Gas and NGL Services Segment Adjusted EBITDA	$629 million	Q3 2025	Segment-specific profitability.
Total Organic Growth Capital Outlook	$1.7 billion	Full Year 2025	Capital deployed to support existing market growth.
Total System Processed Volumes	9,740 MMcf/d	Q2 2025	Overall throughput in the segment.

Driving operational efficiency is also about managing costs, which directly impacts the tariffs you can charge. While the most recent pipeline tariff data is from late 2024, the average crude pipeline tariff rate was $1.06 per barrel for the fourth quarter of 2024. The 2025 capital plan, with $1.7 billion earmarked for organic growth, heavily weighted toward Natural Gas and NGL Services at $1.45 billion, is designed to debottleneck and optimize these systems to maintain competitive rates and capture every marginal barrel or volume. The company's overall leverage ratio was 3.7x at the end of the third quarter of 2025, which gives them the financial flexibility to invest in these efficiency-driving projects without overleveraging.

The focus on bundling services is supported by the integration strategy, such as the announced Gulf Coast fractionation complex and export terminal projects, which connect existing gathering/processing assets to premium markets. This integrated approach allows MPLX LP (MPLX) to offer producers a complete solution, securing their volumes through long-term arrangements, which is the essence of market penetration in the midstream sector.

Finance: Review Q3 2025 operational expenditure variance against the $1.7 billion 2025 organic growth budget by next Tuesday.

MPLX LP (MPLX) - Ansoff Matrix: Market Development

You're looking at how MPLX LP expands its existing logistics and services into new geographic areas or new customer segments. This is Market Development, and for MPLX, it heavily involves pushing its Permian and Northeast assets toward the Gulf Coast and global markets.

Expand crude oil and natural gas liquid (NGL) logistics into the Gulf Coast export hubs.

MPLX LP is clearly focused on completing its integrated value chain from the wellhead to the water along the Gulf Coast. This involves significant capital deployment to connect supply basins to export optionality. For instance, the BANGL Pipeline expansion, which will enable liquids to reach MPLX's Gulf Coast fractionators, is being increased from 250 mbpd to 300 mbpd, though this is expected in service in the second half of 2026. To support this, MPLX completed the acquisition of the remaining 55% of BANGL, LLC, bringing ownership to 100%. Also critical are the Blackcomb and Rio Bravo Pipelines, designed to move natural gas from the Permian to Gulf Coast export markets, with an expected in-service date in the second half of 2026. The larger Gulf Coast NGL strategy includes a fractionation complex and export terminal, a joint venture with ONEOK, with expected operations starting in 2028.

Here are some key financial and operational metrics from the third quarter of 2025 that support this growth strategy:

Metric	Q3 2025 Value	Context/Comparison
Revenue	$3.62 billion	Beat analyst estimate of $3.23 billion
Adjusted EBITDA	$1.8 billion	Up 3% year-over-year
Net Income Attributable to MPLX	$1,545 million	Up from $1,037 million in Q3 2024
Distributable Cash Flow (DCF)	$1.5 billion	Supported return of $1.1 billion to unitholders
Leverage Ratio	3.7x	Maintained below the comfort level of 4.0x

Target new industrial end-users, like petrochemical plants, outside current service areas.

MPLX LP is positioning its growing gas processing capacity to serve industrial demand, particularly from data centers and grid electrification, which drives the need for processed gas. The 2025 capital spending outlook was set at $2.0 billion, with 85% of that, or $1.45 billion, allocated to the Natural Gas and NGL Services segment to support this customer growth. This focus is evident in the Permian Basin, where the Secretariat processing plant, adding 200 MMcf/d capacity, is expected online by the end of 2025, bringing total Permian gas processing capacity to 1.4 Bcf/d.

Extend gathering and processing services into adjacent, developing basins near the Permian.

The expansion near the Permian is a major theme, involving both organic growth and strategic acquisitions. MPLX enhanced its Permian natural gas and NGL value chains by acquiring a Delaware basin sour gas treating business for $2.4 billion, which closed on August 29, 2025. This acquisition expanded treating capacity to over 400 MMcf/d. Furthermore, the company is progressing on long-haul pipeline growth projects to support increased producer activity. For example, the Matterhorn Express Pipeline joint venture stake was increased by $151 million for a 5% stake, bringing total interest to 10%; this pipeline moves up to 2.5 Bcf/d from the Permian to the Katy area near Houston.

Acquire or partner with smaller midstream assets in the Bakken or Haynesville shales.

MPLX LP is actively expanding its crude gathering pipelines in the Bakken basin as part of its Crude Oil and Products Logistics segment. While specific Haynesville acquisition data isn't immediately present, the focus on the Bakken is clear through ongoing investment in projects targeted at expansion or de-bottlenecking of assets in that region. The company also announced $3.5 billion in bolt-on transactions for 2025.

Leverage existing infrastructure to serve new international export markets.

The push to the Gulf Coast directly serves the international market goal. The expansion of the BANGL pipeline to 300 mbpd is explicitly noted to enable liquids to reach MPLX's Gulf Coast fractionators. The joint venture LPG export terminal project, with 400 mbpd capacity, is designed to supply LPGs to a growing global market once it comes online in 2028. This wellhead-to-water strategy connects U.S. production to global demand centers.

The 12.5% increase in the quarterly distribution for the second consecutive year, raising the annualized distribution to $4.31 per unit, reflects management's confidence in the cash flow generated by these ongoing market development efforts.

MPLX LP (MPLX) - Ansoff Matrix: Product Development

You're looking at how MPLX LP is moving beyond just moving molecules to offering new services and handling new products. This is the Product Development quadrant, where the partnership invests its capital into things that aren't its current core crude or NGL pipelines, but rather enhancements or entirely new offerings leveraging that existing footprint.

For 2025, MPLX LP has a capital spending outlook of $\mathbf{\$2.0 \text{ billion}}$ total, with $\mathbf{\$1.45 \text{ billion}}$ specifically earmarked for Natural Gas and NGL Services growth capital. Overall, $\mathbf{\$1.7 \text{ billion}}$ is set aside for organic growth projects in 2025, with $\mathbf{85\%}$ of that directed toward Natural Gas and NGL Services. This heavy allocation shows where the new product development focus lies.

Invest in new compression technology to reduce methane emissions for producers

MPLX LP is actively working on reducing the carbon profile of its natural gas business. The partnership has a firm goal to reduce methane emissions intensity by $\mathbf{75\%}$ below 2016 levels by 2030 across its gathering and processing operations. By the end of 2023, they had already achieved a $\mathbf{57\%}$ reduction toward that goal. New EPA reporting rules, effective for 2025 emissions, include higher emission factors for compressor engines, which is expected to increase annual reported methane emissions by over $\mathbf{20,000 \text{ tonnes}}$. To counter this, MPLX LP is evaluating ways to reduce methane slip from these engines, including potential retrofits and optimization through a program called Equipment, Compression Health & Optimization. They are also installing low-emissions packing material on reciprocating compressors.

Develop and offer carbon capture and sequestration (CCS) services along existing pipelines

MPLX LP supports the deployment of carbon capture, utilization, and sequestration (CCUS) technology as a path to lower $\text{CO}_2$ intensity. The partnership is participating in alliances focused on CCUS advancement. Strategically, MPLX LP sees its existing pipelines and rights of way as potentially positioned to transport carbon dioxide as those $\text{CO}_2$ markets develop. While specific 2025 revenue figures for a dedicated CCS service aren't public, the strategic positioning is clear.

Retrofit storage facilities to handle renewable diesel and sustainable aviation fuel (SAF) feedstocks

MPLX LP is engaging with the evolving energy supply through renewable fuels. In 2023, the company delivered approximately $\mathbf{2.6 \text{ billion gallons}}$ of renewable fuels. The broader U.S. renewable diesel capacity is estimated to reach $\mathbf{5.2 \text{ billion gallons}}$ in 2025. For SAF, which requires additional technology retrofits on renewable diesel plants, there are $\mathbf{6}$ plants with SAF production optionality totaling $\mathbf{834.4 \text{ million gallons}}$ capacity in 2025. MPLX LP's $\mathbf{\$1.7 \text{ billion}}$ growth capital plan for 2025 supports this broader energy evolution, even if specific retrofit costs aren't broken out separately.

Introduce new data and optimization services for shippers using MPLX's network

Enhancing the value proposition for shippers is happening through advanced operational insights. MPLX LP is advancing its Permian NGL value chain, which includes bringing the Secretariat $\mathbf{200 \text{ mmcf/d}}$ processing plant online in the fourth quarter of 2025. This expansion, along with a $\mathbf{\$2.4 \text{ billion}}$ acquisition of a sour gas treating business, improves service offerings. Furthermore, the Focus on Methane program employs advanced monitoring technologies like satellite imagery, flyovers, and drones to analyze data from Fourier transform infrared spectroscopy (FTIR) testing for leak detection and emissions calculations. This data-driven approach is a service enhancement for producers needing reliable egress and environmental compliance support.

Build out dedicated infrastructure for hydrogen blending and transport trials

MPLX LP is actively involved in the hydrogen economy's infrastructure build-out. The partnership is participating in alliances focused on hydrogen hub advancement. Its existing pipeline network is considered potentially positioned to transport hydrogen as those markets mature. While the $\mathbf{\$2.0 \text{ billion}}$ 2025 capital outlook covers growth, specific dollar amounts dedicated solely to hydrogen blending trials aren't itemized, but the strategic participation is a key product development area.

Here's a look at some of the key financial and operational metrics underpinning these growth areas:

Metric	Value	Context/Year
2025 Growth Capital Allocation	$\mathbf{\$1.7 \text{ billion}}$	Organic Growth Projects
Natural Gas & NGL Services Growth Capital	$\mathbf{\$1.45 \text{ billion}}$	2025 Outlook
Q3 2025 Adjusted EBITDA	$\mathbf{\$1.766 \text{ billion}}$	Financial Performance
Methane Intensity Reduction Achieved	$\mathbf{57\%}$	Below 2016 levels, as of end of 2023
Renewable Fuels Delivered	$\mathbf{2.6 \text{ billion gallons}}$	2023 Volume
Projected U.S. Renewable Diesel Capacity	$\mathbf{5.2 \text{ billion gallons}}$	2025 Estimate
Acquisition of Sour Gas Treating Business	$\mathbf{\$2.4 \text{ billion}}$	Announced in 2025
Divestiture of Rockies G&P Assets	$\mathbf{\$1.0 \text{ billion}}$	Expected cash consideration, closing Q4 2025

The focus on NGL services, where $\mathbf{85\%}$ of growth capital is going, directly supports the development of new processing capacity like Secretariat, which is set to come online in Q4 2025. This is how MPLX LP builds out new product capabilities-by expanding the infrastructure that supports the next generation of energy services.

• Phasing out high-bleed pneumatic controllers at compressor stations.
• Redesigning pipeline launcher/receiver stations to cut emissions by as much as $\mathbf{85\%}$ upon opening.
• Implementing enhanced Leak Detection and Repair (LDAR) programs at plants.
• Anticipated annual distribution increase of $\mathbf{12.5\%}$ supported by durable cash flow.
• Q3 2025 Distribution per common unit declared at $\mathbf{\$1.0765}$.

You can see the commitment to new services isn't just about building pipes; it's about optimizing the existing system and preparing for lower-carbon molecules, which requires capital investment today. Finance: draft 13-week cash view by Friday.

MPLX LP (MPLX) - Ansoff Matrix: Diversification

Diversification for MPLX LP involves expanding beyond its core crude oil and refined products logistics into adjacent and emerging energy infrastructure markets. This strategy leverages existing asset bases and operational expertise to capture new revenue streams, particularly those supporting energy transition trends.

Establish a dedicated business unit for utility-scale renewable energy power generation.

While direct utility-scale renewable power generation unit establishment data isn't explicitly detailed, MPLX is making moves into the power sector supporting data centers, which is a significant energy demand area. MPLX signed a letter of intent (LOI) to supply natural gas for new power generation and data center campuses in West Texas. This opportunity is substantial, planned to begin at 400 megawatts with the potential to scale up to 1.5 gigawatts. This move utilizes MPLX's existing natural gas infrastructure from its Delaware Basin processing facilities.

Acquire a minority stake in a liquefied natural gas (LNG) export terminal project.

MPLX LP is actively involved in a major liquefied petroleum gas (LPG) export terminal joint venture, which serves as a concrete example of market development into export infrastructure. MPLX and ONEOK formed Texas City Logistics LLC (TCX) to construct a large-scale 400,000-barrel per day (bpd) LPG export terminal in Texas City, Texas. MPLX is a 50% owner in this terminal joint venture and is responsible for constructing and operating the facility. The expected completion for this terminal is early 2028.

This expansion into export capacity is supported by a related pipeline joint venture, MBTC Pipeline LLC, where MPLX holds a 20% stake. MPLX's share of the total investment for the pipeline is approximately $70 million.

The capital deployment for these export-related ventures is significant, as shown below:

Project Component	MPLX Investment Share (Approximate)	Ownership Stake	Capacity/Scope
LPG Export Terminal (TCX)	$700 million	50%	400,000 bpd loading throughput
Export Pipeline (MBTC)	$70 million	20%	New 24-inch pipeline

Develop and operate water management and recycling services for E&P companies.

Specific financial metrics or operational scale for a dedicated water management and recycling services unit are not explicitly detailed in the latest reports. However, MPLX's acquisition of Northwind Midstream, which closed on August 29, 2025, for $2.4 billion, added critical sour gas gathering, treating, and acid gas injection (AGI) capabilities. This acquisition, which is part of the Natural Gas and NGL Services segment, reflects a move into specialized midstream services that often overlap with environmental management needs.

Invest in non-midstream energy transition technologies, like geothermal or battery storage.

The investment in the data center power supply project, as mentioned earlier, represents a direct play into the power infrastructure supporting the digital economy, a key component of the broader energy transition. This project is supported by MPLX's existing asset base, with growth capital for 2025 earmarked at $1.7 billion, with over 90% allocated to the Natural Gas and NGL Services segment.

The strategic focus on growth is clear:

• MPLX reaffirmed its outlook for mid-single-digit adjusted EBITDA growth for 2025 and beyond.
• The company increased its quarterly distribution by 12.5% for the second consecutive year, with the third-quarter 2025 distribution at $1.0765 per common unit.
• The leverage ratio stood at 3.7x as of September 30, 2025.

Partner with technology firms to offer digital pipeline integrity and monitoring solutions.

Direct financial figures related to partnerships specifically for digital pipeline integrity and monitoring solutions are not itemized in the reported segment data. However, the overall strategic direction points to optimization. For instance, MPLX is executing on portfolio optimization through the announced divestiture of Rockies gathering and processing assets for $1.0 billion. This optimization frees capital to pursue projects expected to yield mid-teen returns on invested capital.