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MarkWest Energy Partners

Full company profile

uuid000cleb

Namestring
MarkWest Energy Partners
Legal namestring
MarkWest Energy Partners L.P.
Websiteurl
markwest.com
Company typeenum
Public
Founded yearint
2002
Operating statusenum
Acquired
Ownership categoryenum
Headcount rangeband
1,001–5,000
akta.pro rankint
HeadquartersDenver, United States
HQ citystring
Denver
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
natural gas processing, midstream energy infrastructure, NGL transportation services, crude oil logistics, pipeline gathering services
Industry2 codes
1Pipeline Operations, Integrity & Control (SCADA, Pigging, Leak Detection)
CodeEUALADAKPrimaryNo
2Hazardous Liquids & Specialty Chemical Terminals (Methanol, Solvents, Sulfur)
CodeEUALAEALPrimaryNo
NAICS code3 codes
  • Pipeline Transportation of Crude Oil486110
  • Pipeline Transportation of Natural Gas486210
  • Pipeline Transportation of Refined Petroleum Products486910
SIC code1 code
  • Pipe Lines (No Natural Gas)4610
Product category
Midstream Oil & Gas Logistics
Social media profiles1 record
Marketing channels3 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Infrastructure, Operations, Personnel, Supply Chain, Others
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

MPLX (MarkWest) owns and operates midstream energy infrastructure and logistics assets that provide fuels distribution services through two business segments. The Crude Oil and Products Logistics segment handles transportation and storage of crude oil and refined products, while the Natural Gas and NGL Services segment provides gathering, processing, and transportation of natural gas and natural gas liquids across major U.S. shale plays including the Marcellus, Utica, Appalachian, Michigan, Illinois, and Denver-Julesburg basins. Services are delivered to energy producers and third-party shippers under published tariffs and contractual arrangements.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

MPLX operates midstream energy infrastructure as a unified platform offering two integrated service lines: Crude Oil and Products Logistics for transportation and storage of crude and refined products, and Natural Gas and NGL Services for natural gas and natural gas liquids processing. These segments work together to provide comprehensive midstream fuel logistics and distribution services across the energy value chain.

Product and service2 records
1Crude Oil and Products Logistics
CategoryMidstream Energy Logistics
Description

Midstream logistics services for crude oil and refined products transportation and storage, provided to energy producers and shippers under published tariffs and contractual arrangements.

2Natural Gas and NGL Services
CategoryMidstream Natural Gas and NGL Services
Description

Infrastructure and logistics services for natural gas gathering, processing, and transportation along with natural gas liquids processing and transportation across major U.S. shale plays including Marcellus, Utica, Appalachian, Michigan, Illinois, and Denver-Julesburg basins.

Scale indicator3 records

Each record includes

Type, Value, Description, Source

Recent move4 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
1Energy Transfer LP
TypeDirect peer
Description

Large diversified midstream MLP with extensive natural gas, NGL, crude, and refined products pipelines and processing assets across multiple US basins. Directly comparable to MarkWest's combined Crude Oil & Products Logistics and Natural Gas & NGL Services segments, with overlapping NGL fractionation and transportation exposure.

2Enterprise Products Partners L.P.
TypeDirect peer
Description

One of the largest publicly traded midstream MLPs with integrated natural gas processing, NGL fractionation, and crude/products pipeline systems. Directly comparable business model and asset mix to MarkWest, particularly on the NGL value chain.

3Kinder Morgan, Inc.
TypeDirect peer
Description

Major North American pipeline operator with extensive natural gas, CO2, crude, and refined products pipeline systems and terminal operations. Directly comparable to MarkWest's Crude Oil and Products Logistics segment at scale.

4Williams Companies, Inc.
TypeDirect peer
Description

Natural gas-focused midstream operator with large-scale gathering, processing, and transmission assets, including significant Appalachia (Marcellus/Utica) exposure. Direct competitor to MarkWest in the Northeast natural gas and NGL gathering/processing niche.

5ONEOK, Inc.
TypeDirect peer
Description

NGL-focused midstream operator with large-scale natural gas processing, NGL fractionation, and transportation systems. Highly comparable to MarkWest's Natural Gas and NGL Services segment.

6Targa Resources Corp.
TypeDirect peer
Description

Midstream operator focused on natural gas gathering/processing and NGL fractionation/transportation, with major Permian and other basin exposure. Directly comparable NGL-centric operating model to MarkWest's Natural Gas & NGL Services segment.

7Western Midstream Partners, LP
TypeDirect peer
Description

Midstream MLP focused on natural gas, NGL, and crude gathering/processing with significant Permian/Delaware basin exposure. Comparable processing and gathering business model, though concentrated in a different basin than MarkWest.

8Hess Midstream LP
TypeDirect peer
Description

Midstream MLP providing gathering, processing, and transportation services primarily to Hess Corporation in the Bakken. Comparable gathering, processing, and NGL stabilization business model, though geographically focused on the Bakken rather than Appalachia.

9DT Midstream, Inc.
TypeDirect peer
Description

Natural gas-focused midstream operator with significant Marcellus/Utica gathering, processing, and pipeline assets. Direct Appalachian competitor and operational analog to MarkWest's natural gas midstream footprint.

10Equitrans Midstream Corporation
TypeDirect peer
Description

Appalachian-focused natural gas gathering, processing, and transmission operator with substantial Marcellus/Utica exposure. Direct competitor to MarkWest in the Northeast natural gas midstream niche; now part of EQT Corporation.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment2 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles3 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

MarkWest Energy Partners

Midstream Oil & Gas Logisticsmarkwest.com

MarkWest Energy Partners firmographics

Firmographics
Name
MarkWest Energy Partners
Legal name
MarkWest Energy Partners L.P.
Website
https://markwest.com
Company type
Public
Founded year
2002
Operating status
Acquired
Headcount range
1,001–5,000 employees
Ownership category
akta.pro rank

Where MarkWest Energy Partners is headquartered

Location

Headquarters

HQ city
Denver
HQ country
United States
HQ region
North America

Markets served

MarkWest Energy Partners business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Infrastructure, Operations, Personnel, Supply Chain, Others

Distribution channels1 record

Marketing channels3 records

MarkWest Energy Partners product offering

Product offering

Core offering

MPLX (MarkWest) owns and operates midstream energy infrastructure and logistics assets that provide fuels distribution services through two business segments. The Crude Oil and Products Logistics segment handles transportation and storage of crude oil and refined products, while the Natural Gas and NGL Services segment provides gathering, processing, and transportation of natural gas and natural gas liquids across major U.S. shale plays including the Marcellus, Utica, Appalachian, Michigan, Illinois, and Denver-Julesburg basins. Services are delivered to energy producers and third-party shippers under published tariffs and contractual arrangements.

Product overview

MPLX operates midstream energy infrastructure as a unified platform offering two integrated service lines: Crude Oil and Products Logistics for transportation and storage of crude and refined products, and Natural Gas and NGL Services for natural gas and natural gas liquids processing. These segments work together to provide comprehensive midstream fuel logistics and distribution services across the energy value chain.

Differentiator

Problem solved

Functional benefit

Products and services

  • Crude Oil and Products Logistics Midstream logistics services for crude oil and refined products transportation and storage, provided to energy producers and shippers under published tariffs and contractual arrangements.
  • Natural Gas and NGL Services Infrastructure and logistics services for natural gas gathering, processing, and transportation along with natural gas liquids processing and transportation across major U.S. shale plays including Marcellus, Utica, Appalachian, Michigan, Illinois, and Denver-Julesburg basins.

Companies that use MarkWest Energy Partners

Customer profile

Segments2 records

Ideal customer profiles2 records

MarkWest Energy Partners technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

MarkWest Energy Partners partnerships and signals

Strategic signal

Scale indicators3 records

Recent moves4 records

Expansion highlights4 records

MarkWest Energy Partners competitors and assessment

Company assessment

Direct peers

  • Energy Transfer LP: Large diversified midstream MLP with extensive natural gas, NGL, crude, and refined products pipelines and processing assets across multiple US basins. Directly comparable to MarkWest's combined Crude Oil & Products Logistics and Natural Gas & NGL Services segments, with overlapping NGL fractionation and transportation exposure.
  • Enterprise Products Partners L.P. One of the largest publicly traded midstream MLPs with integrated natural gas processing, NGL fractionation, and crude/products pipeline systems. Directly comparable business model and asset mix to MarkWest, particularly on the NGL value chain.
  • Kinder Morgan, Inc. Major North American pipeline operator with extensive natural gas, CO2, crude, and refined products pipeline systems and terminal operations. Directly comparable to MarkWest's Crude Oil and Products Logistics segment at scale.
  • Williams Companies, Inc. Natural gas-focused midstream operator with large-scale gathering, processing, and transmission assets, including significant Appalachia (Marcellus/Utica) exposure. Direct competitor to MarkWest in the Northeast natural gas and NGL gathering/processing niche.
  • ONEOK, Inc. NGL-focused midstream operator with large-scale natural gas processing, NGL fractionation, and transportation systems. Highly comparable to MarkWest's Natural Gas and NGL Services segment.
  • Targa Resources Corp. Midstream operator focused on natural gas gathering/processing and NGL fractionation/transportation, with major Permian and other basin exposure. Directly comparable NGL-centric operating model to MarkWest's Natural Gas & NGL Services segment.
  • Western Midstream Partners, LP: Midstream MLP focused on natural gas, NGL, and crude gathering/processing with significant Permian/Delaware basin exposure. Comparable processing and gathering business model, though concentrated in a different basin than MarkWest.
  • Hess Midstream LP: Midstream MLP providing gathering, processing, and transportation services primarily to Hess Corporation in the Bakken. Comparable gathering, processing, and NGL stabilization business model, though geographically focused on the Bakken rather than Appalachia.
  • DT Midstream, Inc. Natural gas-focused midstream operator with significant Marcellus/Utica gathering, processing, and pipeline assets. Direct Appalachian competitor and operational analog to MarkWest's natural gas midstream footprint.
  • Equitrans Midstream Corporation: Appalachian-focused natural gas gathering, processing, and transmission operator with substantial Marcellus/Utica exposure. Direct competitor to MarkWest in the Northeast natural gas midstream niche; now part of EQT Corporation.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

MarkWest Energy Partners social profiles

Digital presence

MarkWest Energy Partners financial estimates

Financial estimate

Revenue estimate

Valuation estimate

MarkWest Energy Partners leadership team

Management profile

Number of profiles

Profiles3 records

MarkWest Energy Partners funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

MarkWest Energy Partners M&A and investment

M&A and investment

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MarkWest Energy Partners

What does MarkWest Energy Partners do?

MPLX (MarkWest) owns and operates midstream energy infrastructure and logistics assets that provide fuels distribution services through two business segments. The Crude Oil and Products Logistics segment handles transportation and storage of crude oil and refined products, while the Natural Gas and NGL Services segment provides gathering, processing, and transportation of natural gas and natural gas liquids across major U.S. shale plays including the Marcellus, Utica, Appalachian, Michigan, Illinois, and Denver-Julesburg basins. Services are delivered to energy producers and third-party shippers under published tariffs and contractual arrangements.

Is MarkWest Energy Partners a public or private company?

MarkWest Energy Partners is a public company. It is classified as corporate owned and is currently acquired.

When was MarkWest Energy Partners founded?

MarkWest Energy Partners was founded in 2002. It employs 1,001 to 5,000 people.

Where is MarkWest Energy Partners based?

MarkWest Energy Partners is headquartered in Denver, United States, in the North America region.

Who are MarkWest Energy Partners's main competitors?

Direct peers on record are Energy Transfer LP, Enterprise Products Partners L.P., Kinder Morgan, Inc., Williams Companies, Inc., ONEOK, Inc., Targa Resources Corp., Western Midstream Partners, LP, Hess Midstream LP, DT Midstream, Inc. and Equitrans Midstream Corporation.

Does MarkWest Energy Partners have an API?

No public API is recorded for MarkWest Energy Partners.

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Live signals
Stock TitanMPLX Prices $2 Billion Senior Notes Offering to Refinance Existing DebtMPLX LP priced $2.0 billion in senior notes, including $1.0 billion at 5.400% due 2035 and $1.0 billion at 5.950% due 2055. The company intends to use net proceeds to retire $1,189 million of its own 4.875% notes due June 2025 and $11 million of MarkWest's notes, with closing expected March 10, 2025.StevensecOhio Pipe Fabrication ServicesIts 40,000-square-foot, 2.8-acre facility includes an 80' x 240' bay with a 15-ton crane and 14 welding stations. Projects cited include MarkWest Midpoint and ArcelorMittal Indiana Harbor West.PR NewswireAntero Midstream Reports First Quarter 2019 Financial and Operating Results and Announces New Financial PolicyAntero Midstream reported first-quarter 2019 financial results showing significant year-over-year growth in pro forma Adjusted EBITDA and distributable cash flow, alongside the closing of a simplification transaction with Antero Midstream GP LP. The company announced a new financial policy targeting long-term leverage below 3x and high single-digit growth in shareholder returns, while also increasing its dividend by 47%. The entity expanded its fractionation capacity through a joint venture with MarkWest (MPLX) and completed a $650 million senior note offering to support its balance sheet and operational investments in the Appalachian region.PR NewswireMPLX, MarkWest Progress With Natural Gas Processing Buildout, an Industrial Info News AlertMPLX LP, the midstream spinoff of Marathon Petroleum Corporation, reported full-year 2018 net income of $1.8 billion, an increase of $1 billion compared to 2017. The company's earnings growth coincided with a rapid expansion of natural gas processing and fractionation capacity, driven primarily through its wholly owned subsidiary MarkWest Energy Partners LP. MPLX and MarkWest indicated they have additional projects in development beyond their 2018 achievements.PR NewswireMPLX announces redemption of its outstanding 5.500% senior notes due 2023MPLX LP announced it will redeem all $750 million outstanding aggregate principal amount of its 5.500% senior notes due February 15, 2023 on December 10, 2018 at a price equal to 101.833% of principal plus accrued and unpaid interest. The redemption will be funded with proceeds from the company's recently announced senior notes offering. MarkWest Energy Partners, L.P. and MarkWest Energy Finance Corporation co-issued portions of these notes and are included in the redemption notices.PR NewswireMPLX, MarkWest Plot $2 Billion in Projects Across Permian, Marcellus, Other Hot Spots, an Industrial Info News AlertMPLX LP reported record natural gas volumes in third-quarter 2018 across its gathering, processing and fractionation operations, boosting profits and confidence in its pipeline and fee-based business model. Industrial Info is tracking nearly $2 billion in active projects involving MPLX and its subsidiary MarkWest Energy Partners across key U.S. energy regions, including the Marcellus Shale and Delaware Basin. The projects highlight the company's ongoing expansion in two of the busiest U.S. locales for energy production.PR NewswireMarkWest Energy Partners Makes $1.6 Billion Showing in Ohio, West Virginia, an Industrial Info News AlertMarkWest Energy Partners, a subsidiary of MPLX LP, is expanding its natural gas processing footprint in Appalachia with multiple projects in Ohio and West Virginia. Industrial Info Resources is tracking slightly less than $2 billion in active MarkWest projects, with more than $1.6 billion concentrated in those two states. The announcement serves as an industry news alert highlighting ongoing capital investment in regional energy infrastructure.PR NewswireAntero Midstream Reports Fourth Quarter and Full Year 2016 Financial and Operational ResultsAntero Midstream Partners LP reported strong fourth quarter and full year 2016 financial results, with Q4 net income of $73 million ($0.37 per unit) up 50% year-over-year and full year net income of $237 million ($1.24 per unit) up 49%, while Adjusted EBITDA for Q4 and full year reached $126 million and $404 million respectively, representing increases of 52% and 45%. The partnership also announced formation of a joint venture with MarkWest Energy Partners to develop processing and fractionation assets in Appalachia, increased its 2017 capital budget by 52% to $800 million, and issued 6.9 million common units generating $223 million in net proceeds.AnteromidstreamAntero Midstream Announces Strategic Processing and Fractionation Joint Venture and Increased Guidance and TargetsAntero Midstream Partners LP announced on February 6, 2017 a 50/50 joint venture with MarkWest Energy Partners, L.P. to develop processing and fractionation assets in Appalachia, including Sherwood plants in West Virginia and C3+ fractionation at Hopedale, Ohio. Antero expects to invest up to $800 million through 2020, net of its 50% interest, and raised 2017 net income guidance to $305-$345 million.PR NewswireMarkWest and Marathon to Present Evolving Value Chain at 2017 Marcellus-Utica Midstream ConferenceMarkWest Energy Partners and Marathon Petroleum Corp. executives will deliver a keynote presentation at the 8th annual Marcellus-Utica Midstream conference in Pittsburgh from January 24-26, 2017, focusing on how Marcellus and Utica production is reshaping downstream petrochemical and petroleum products businesses. The conference highlights the Utica's daily production of over 8.5 billion cubic feet of gas and 120,000 barrels of liquids, alongside the Marcellus producing 12 billion cubic feet daily and 70,000 barrels of liquids. Themed "New Connections," the event will address innovative strategies for midstream operators and near-term and long-term needs of producers in the Appalachian basin.