MPLX Management
Management criteria checks 3/4
MPLX's CEO is Mike Hennigan, appointed in Jun 2017, has a tenure of 6.92 years. total yearly compensation is $24.05M, comprised of 7.2% salary and 92.8% bonuses, including company stock and options. directly owns 0.035% of the company’s shares, worth $15.05M. The average tenure of the management team and the board of directors is 5.6 years and 6.5 years respectively.
Key information
Mike Hennigan
Chief executive officer
US$24.1m
Total compensation
| CEO salary percentage | 7.2% |
| CEO tenure | 6.9yrs |
| CEO ownership | 0.04% |
| Management average tenure | 5.6yrs |
| Board average tenure | 6.5yrs |
Recent management updates
Recent updates
MPLX LP: This 8%-Yielding MLP Is Still A Buy Now
May 01Upside Isn't Over For MPLX LP Yet
Apr 08MPLX: Upside Getting Squeezed But Still A Strong Income Play Yielding 8.32%
Mar 27MPLX: Expect Another Large Distribution Increase In 2024
Feb 23MPLX: 9% Yield, More Strong Earnings
Jan 19MPLX Is Positioned For Continued Dividend Growth
Dec 17MPLX: A 10% Yielding Rich Retirement Dream Machine
Nov 16'Buy Income' - MPLX's 9.4% Yield Is A Good Place To Start
Nov 06MPLX Continues Higher As Other High-Yielding Investments Decline
Oct 05MPLX LP: High And Sustainable Dividend Yield
Sep 26MPLX: Strong Performance Should Lead To A Hefty Distribution Increase
Aug 25A Warm November Rain (Increased Distributions) Awaits MPLX Investors
Aug 11MPLX: 9% Yield, Record Earnings
Jul 21MPLX: The Ultimate Buffett-Style 9.2% Yielding Retirement Dream Blue-Chip
Jun 15MPLX: A Hefty 9% Yield And Growth On Top Of That
Feb 15MPLX prices two-part notes offering totaling $1.6B
Feb 02MPLX declares $0.775 dividend
Jan 27MPLX: Both Roads Lead To Higher Distributions
Jan 1310%-Yielding MPLX: Now Is The Time To Buy
Dec 11MPLX Q3 2022 Earnings Preview
Oct 31Magnifying MPLX's Finances And Possible Growth
Oct 19MPLX: An Energy Play For The Looming Recession Supported By A 10% Yield
Sep 25MPLX: Higher Distributions Should Only Be Months Away
Aug 25MPLX to redeem $1B senior notes
Aug 15MPLX LP raises $1B debt capital
Aug 09MPLX Q2 2022 Earnings Preview
Aug 01MPLX: Midstream Risks Grow With Energy Demand Destruction
Jul 22MPLX: Buy This 10% Yield At A Steep Discount To Value
Jun 27MPLX: Buy The Dip On This 10% Yield
Jun 20MPLX Is A Very Safe 8.5% Yielding Retirement Dream Stock
Jun 03MPLX: A Special Investment - Part 3
May 14MPLX: 8% Yield, Strong Q1 2022 Earnings, 6.5% Dividend Growth
May 06MPLX: Boost Your Income With This 8% Yield
Apr 11MPLX: 9% Yield, 5% Dividend Growth In 2022, Undervalued
Mar 11MPLX: A Special Investment - Part 2
Feb 17MPLX: Expect 12% To 18%+ Of Your Capital Returned During 2022
Feb 07MPLX: A 9% Distribution For Yield Starved Investors
Jan 27MPLX: A Special Investment
Dec 21MPLX: 9.4% Yield, Are You Swimming In Cash?
Nov 18MPLX: Even More Distribution Growth Is Coming For This 9% Yield
Nov 04MPLX LP: 9% Yield, Strong Dividend Coverage, Price Targets Rising
Sep 26MPLX: All The Ingredients Needed For Higher Distributions
Aug 23MPLX: The 10% Yield Has Become Even More Attractive
Jul 21MPLX LP: 9% Yield, Outperforming, High Options Yields
May 30MPLX Q1 2021 Earnings Preview
May 03MPLX declares $0.6875 dividend
Apr 27MPLX CEO sees excess cash for 2021 with stock buybacks likely
Feb 02CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | US$4b |
| Dec 31 2023 | US$24m | US$2m | US$4b |
| Sep 30 2023 | n/a | n/a | US$3b |
| Jun 30 2023 | n/a | n/a | US$4b |
| Mar 31 2023 | n/a | n/a | US$4b |
| Dec 31 2022 | US$21m | US$2m | US$4b |
| Sep 30 2022 | n/a | n/a | US$4b |
| Jun 30 2022 | n/a | n/a | US$3b |
| Mar 31 2022 | n/a | n/a | US$3b |
| Dec 31 2021 | US$21m | US$2m | US$3b |
| Sep 30 2021 | n/a | n/a | US$3b |
| Jun 30 2021 | n/a | n/a | US$3b |
| Mar 31 2021 | n/a | n/a | US$3b |
| Dec 31 2020 | US$16m | US$1m | -US$842m |
| Sep 30 2020 | n/a | n/a | -US$2b |
| Jun 30 2020 | n/a | n/a | -US$2b |
| Mar 31 2020 | n/a | n/a | -US$2b |
| Dec 31 2019 | US$8m | US$954k | US$910m |
| Sep 30 2019 | n/a | n/a | US$2b |
| Jun 30 2019 | n/a | n/a | US$2b |
| Mar 31 2019 | n/a | n/a | US$2b |
| Dec 31 2018 | US$5m | US$875k | US$2b |
| Sep 30 2018 | n/a | n/a | US$1b |
| Jun 30 2018 | n/a | n/a | US$1b |
| Mar 31 2018 | n/a | n/a | US$744m |
| Dec 31 2017 | US$8m | US$430k | US$411m |
Compensation vs Market: Mike's total compensation ($USD24.05M) is above average for companies of similar size in the US market ($USD13.62M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
CEO
Mike Hennigan (64 yo)
6.9yrs
Tenure
US$24,054,492
Compensation
Mr. Michael J. Hennigan, also known as Mike, is Chairman of the Board of MPLX GP LLC, the General Partner of MPLX LP since April 29, 2020. Mr. Hennigan is Chief Executive Officer at MPLX GP LLC, the Genera...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board | 6.9yrs | US$24.05m | 0.035% $ 15.1m | |
| Executive VP & COO | 3.8yrs | US$3.19m | 0.0089% $ 3.8m | |
| Senior Vice President of Logistics & Storage | 1.7yrs | US$3.02m | 0.0017% $ 734.3k | |
| Executive VP | no data | no data | 0.0019% $ 785.3k | |
| VP, Controller & Principal Accounting Officer of MPLX GP LLC | 2.7yrs | no data | no data | |
| Vice President of Finance & Investor Relations - MPLX GP LLC | 6.1yrs | no data | no data | |
| Chief Legal Officer & Corporate Secretary of MPLX GP LLC | 8.2yrs | no data | 0.0035% $ 1.5m | |
| Executive Vice President of MPLX GP LLC | 1.6yrs | US$3.52m | 0.0019% $ 810.7k | |
| Senior Vice President | no data | no data | no data | |
| Senior Vice President of Business Development of MPLX GP LLC | 5.6yrs | no data | no data | |
| Senior Vice President of MPLX GP LLC | 5.6yrs | no data | no data | |
| Senior Vice President of MPLX GP LLC | 5.6yrs | no data | no data |
5.6yrs
Average Tenure
56yo
Average Age
Experienced Management: MPLX's management team is seasoned and experienced (5.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board | 6.9yrs | US$24.05m | 0.035% $ 15.1m | |
| Executive VP | less than a year | no data | 0.0019% $ 785.3k | |
| Independent Non-Executive Director of MPLX GP LLC | 11.6yrs | US$242.10k | 0.0065% $ 2.8m | |
| Independent Director of MPLX GP LLC | 8.4yrs | US$206.25k | 0.049% $ 20.6m | |
| Independent Director of MPLX GP LLC | 11.6yrs | US$206.25k | 0.0071% $ 3.0m | |
| Director | 2.3yrs | US$3.55m | 0.0044% $ 1.9m | |
| Director of MPLX GP LLC | 1.5yrs | US$206.25k | 0.00056% $ 237.7k | |
| Independent Non-Executive Director of MPLX GP LLC | 11.9yrs | US$231.50k | 0.012% $ 5.0m | |
| Non-Executive Director of MPLX GP LLC | 3.3yrs | no data | 0.0086% $ 3.6m | |
| Independent Non-Executive Director of MPLX GP LLC | 6.1yrs | US$206.25k | 0.0041% $ 1.7m |
6.5yrs
Average Tenure
65.5yo
Average Age
Experienced Board: MPLX's board of directors are considered experienced (6.5 years average tenure).