{
 "ticker": "MPLX",
 "name": "MPLX",
 "url": "https://grantbishop.pages.dev/index/MPLX",
 "sells": "MPLX owns pipelines, terminals and processing plants that move and store crude oil and natural gas, which feed power generation.",
 "why": "We follow it because its business sits among the companies that supply the power the AI build-out needs.",
 "questions": [
  {
   "slug": "power",
   "question": "Who supplies the power?",
   "url": "https://grantbishop.pages.dev/index/q/power"
  }
 ],
 "tests": [
  {
   "id": "W-3",
   "claim": "Spare rented computing capacity moves work around; it does not cancel new power and cooling construction, which follows capital spending, not chip scarcity.",
   "url": "https://grantbishop.pages.dev/claims/spare-compute-does-not-stop-power-building"
  }
 ],
 "reports_next": null,
 "latest_disclosed": {
  "form": "10-Q",
  "filed": "2026-08-04",
  "period": "2026-06-30",
  "url": "https://www.sec.gov/Archives/edgar/data/1552000/000155200026000038/mplx-20260630.htm"
 },
 "disclosed": [],
 "check": "Checked against the company's own business description in its latest annual filing.",
 "log": [
  {
   "date": "2026-10-19",
   "note": "Entry rewritten in plain words: what the company sells, and why we follow it."
  },
  {
   "date": "2026-10-12",
   "note": "Verified against the 10-Q filed 2026-08-04 at launch."
  }
 ],
 "living_report": {
  "report": false,
  "last_revised": null,
  "next_disclosure": null,
  "timeline": [
   {
    "form": "10-Q",
    "filed": "2026-11-03",
    "period": "2026-09-30",
    "url": "https://www.sec.gov/Archives/edgar/data/1552000/000155200026000047/mplx-20260930.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2026-11-03",
    "period": "2026-11-03",
    "url": "https://www.sec.gov/Archives/edgar/data/1552000/000155200026000045/mplx-20261103.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2026-10-29",
    "period": "2026-10-27",
    "url": "https://www.sec.gov/Archives/edgar/data/1552000/000155200026000040/mplx-20261027.htm",
    "what_it_said": null,
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   },
   {
    "form": "8-K",
    "filed": "2026-08-24",
    "period": "2026-08-24",
    "url": "https://www.sec.gov/Archives/edgar/data/1552000/000119312526362680/d178331d8k.htm",
    "what_it_said": null,
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   },
   {
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    "filed": "2026-08-04",
    "period": "2026-06-30",
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    "what_it_said": null,
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   },
   {
    "form": "8-K",
    "filed": "2026-08-04",
    "period": "2026-08-04",
    "url": "https://www.sec.gov/Archives/edgar/data/1552000/000155200026000035/mplx-20260804.htm",
    "what_it_said": null,
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   },
   {
    "form": "10-Q",
    "filed": "2026-05-05",
    "period": "2026-03-31",
    "url": "https://www.sec.gov/Archives/edgar/data/1552000/000155200026000025/mplx-20260331.htm",
    "what_it_said": null,
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   },
   {
    "form": "8-K",
    "filed": "2026-05-05",
    "period": "2026-05-05",
    "url": "https://www.sec.gov/Archives/edgar/data/1552000/000155200026000023/mplx-20260505.htm",
    "what_it_said": null,
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   },
   {
    "form": "8-K",
    "filed": "2026-04-13",
    "period": "2026-04-07",
    "url": "https://www.sec.gov/Archives/edgar/data/1552000/000155200026000017/mplx-20260407.htm",
    "what_it_said": null,
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   },
   {
    "form": "8-K",
    "filed": "2026-03-18",
    "period": "2026-03-16",
    "url": "https://www.sec.gov/Archives/edgar/data/1552000/000155200026000012/mplx-20260316.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "10-K",
    "filed": "2026-02-26",
    "period": "2025-12-31",
    "url": "https://www.sec.gov/Archives/edgar/data/1552000/000155200026000009/mplx-20251231.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2026-02-12",
    "period": "2026-02-12",
    "url": "https://www.sec.gov/Archives/edgar/data/1552000/000119312526048352/d81435d8k.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2026-02-03",
    "period": "2026-02-03",
    "url": "https://www.sec.gov/Archives/edgar/data/1552000/000155200026000004/mplx-20260203.htm",
    "what_it_said": null,
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   },
   {
    "form": "8-K",
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    "what_it_said": null,
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   },
   {
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    "filed": "2025-11-04",
    "period": "2025-10-29",
    "url": "https://www.sec.gov/Archives/edgar/data/1552000/000155200025000040/mplx-20251029.htm",
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   },
   {
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   },
   {
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    "period": "2025-08-25",
    "url": "https://www.sec.gov/Archives/edgar/data/1552000/000155200025000030/mplx-20250825.htm",
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   },
   {
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    "period": "2025-08-11",
    "url": "https://www.sec.gov/Archives/edgar/data/1552000/000119312525177649/d38882d8k.htm",
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   },
   {
    "form": "10-Q",
    "filed": "2025-08-05",
    "period": "2025-06-30",
    "url": "https://www.sec.gov/Archives/edgar/data/1552000/000155200025000026/mplx-20250630.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2025-08-05",
    "period": "2025-08-05",
    "url": "https://www.sec.gov/Archives/edgar/data/1552000/000155200025000024/mplx-20250805.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "10-Q",
    "filed": "2025-05-06",
    "period": "2025-03-31",
    "url": "https://www.sec.gov/Archives/edgar/data/1552000/000155200025000019/mplx-20250331.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2025-05-06",
    "period": "2025-05-06",
    "url": "https://www.sec.gov/Archives/edgar/data/1552000/000155200025000018/mplx-20250506.htm",
    "what_it_said": null,
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   },
   {
    "form": "8-K",
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    "period": "2025-03-03",
    "url": "https://www.sec.gov/Archives/edgar/data/1552000/000119312525050596/d938554d8k.htm",
    "what_it_said": null,
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   },
   {
    "form": "10-K",
    "filed": "2025-02-27",
    "period": "2024-12-31",
    "url": "https://www.sec.gov/Archives/edgar/data/1552000/000155200025000012/mplx-20241231.htm",
    "what_it_said": null,
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   },
   {
    "form": "8-K",
    "filed": "2025-02-04",
    "period": "2025-02-04",
    "url": "https://www.sec.gov/Archives/edgar/data/1552000/000155200025000008/mplx-20250204.htm",
    "what_it_said": null,
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   },
   {
    "form": "8-K",
    "filed": "2025-01-28",
    "period": "2025-01-22",
    "url": "https://www.sec.gov/Archives/edgar/data/1552000/000155200025000005/mplx-20250122.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "10-Q",
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    "period": "2024-09-30",
    "url": "https://www.sec.gov/Archives/edgar/data/1552000/000155200024000033/mplx-20240930.htm",
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    "period": "2024-11-05",
    "url": "https://www.sec.gov/Archives/edgar/data/1552000/000155200024000031/mplx-20241105.htm",
    "what_it_said": null,
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   }
  ],
  "history": []
 },
 "market": {
  "rule": "Each figure is kept only where Massive and Yahoo agree on it to the cent; a figure they do not agree on is null. Dated, not live. The market value and the forward multiple are computed from the close.",
  "last_close": {
   "value": 56.8,
   "currency": "USD",
   "as_of": "2026-11-09",
   "providers": [
    "Massive",
    "Yahoo"
   ]
  },
  "day_range": {
   "low": 55.75,
   "high": 56.99,
   "currency": "USD",
   "as_of": "2026-11-09",
   "providers": [
    "Massive",
    "Yahoo"
   ]
  },
  "range_52_week": {
   "low": 51.03,
   "low_date": "2025-11-10",
   "high": 60.95,
   "high_date": "2026-08-05",
   "sessions": 251,
   "currency": "USD",
   "as_of": "2026-11-09",
   "providers": [
    "Massive",
    "Yahoo"
   ]
  },
  "market_value": {
   "value": 57539935815,
   "currency": "USD",
   "as_of": "2026-11-09",
   "computed": "the last close times the shares outstanding on the filing cover",
   "shares": {
    "count": 1013027039,
    "as_of": "2026-10-29",
    "form": "10-Q",
    "filed": "2026-11-03",
    "url": "https://www.sec.gov/Archives/edgar/data/1552000/000155200026000047/"
   }
  },
  "forward_multiple": null,
  "checked_at": "2026-11-10 05:45:40"
 },
 "exhibits": null,
 "mentions": [],
 "note": "Prices on this page are dated market records, shown free during the preview, each confirmed by two independent data providers. None is a recommendation.",
 "license": "Free to cite with a link."
}