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But the parent company, Marathon Petroleum (), could decide to buy out MPLX.
MPLX is a midstream energy company with an excellent operating history.
MPLX is likely headed for a credit rating upgrade since EPD has announced a 3X leverage policy, and S&P just upgraded them to A-, becoming the first midstream with an A-credit rating.
Now, it is important to note that these earnings include the consolidated results of MPLX (), MPC’s MLP, which houses its midstream assets.