Senior Natural Gas Trader - Gulf Coast

An exciting career awaits youAt MPC, we’re committed to being a great place to work – one that welcomes new ideas, encourages diverse perspectives, develops our people, and fosters a collaborative team environment.Position SummaryThe Senior Natural Gas Trader – Gulf Coast is a commercially driven, risk-taking trader responsible for building and managing MPC’s physical and financial natural gas book across Gulf Coast markets. This role is designed for a high-conviction trader who thrives in fast-moving markets, takes calculated risks within defined mandates, and generates P&L through active position management in physical Gulf Coast basis, prompt spreads, and financial derivatives.The trader will initially operate within a shared book under the Head of Natural Gas Trading, rapidly building toward an independent trading mandate as performance and market expertise are demonstrated. The role works in close partnership with originators, fundamental analysts, and quantitative analysts to develop and execute commercial strategies.Primary ObjectivesActively manage physical and financial natural gas positions across Gulf Coast hubs, including Houston Ship Channel (HSC), Katy, Waha, and Henry HubGenerate P&L through opportunistic basis trading, prompt spread monetization, storage plays, and financial hedging strategiesBuild and exercise strong commercial judgment – identifying market dislocations, sizing positions with conviction, and managing risk dynamically within VaR/position limits and other allocated LOAsDevelop toward full book ownership with an independent trading mandate, taking increasing P&L accountability as expertise and track record are establishedPartner with originators, fundamental analysts, and quantitative analysts to integrate market intelligence and model-driven signals into daily trading decisionsKey ResponsibilitiesTrade physical natural gas across Gulf Coast hubs – HSC, Katy, Carthage, and interconnected pipelines – capturing basis differentials and supply-demand dislocations in day-ahead and prompt marketsActively trade financial natural gas instruments – fixed-for-float swaps, basis swaps, options, and structured products – to express market views and manage book riskExecute transactions with producers, utilities, marketers, pipelines, and LNG counterparties, building a deep network of Gulf Coast commercial relationshipsManage an integrated physical and financial book, monitoring net exposure, basis risk, and directional positions across prompt and forward tenorsOperate within defined risk limits (VaR, stop-loss, position limits), escalating risk events appropriately while maintaining a proactive, risk-forward trading mindsetConduct daily MTM reconciliation, position reporting, and P&L attribution in coordination with Middle Office and Back Office teamsSynthesize fundamental analysis – storage trajectories, domestic NG supply/demand, LNG export demand, pipeline flows, weather – and quantitative signals to generate high-conviction trade ideasEvaluate and monetize pipeline transport and storage optionality, including Permian-to-Gulf Coast basis opportunities and seasonal storage spreadsCollaborate with the Natural Gas Originator to align physical supply & offtake positions with origination strategy and asset optionalityPartner with scheduling, Middle Office, and Back Office teams to ensure accurate nomination, settlement, and compliance with trading policiesRole Scope and DevelopmentThis role is structured to develop a high-potential trader into full book ownership. The trader will initially operate within a shared book, gaining direct exposure to MPC’s Gulf Coast commercial positions, risk framework, and counterparty relationships. As performance and market expertise are demonstrated, the trader will assume increasing P&L accountability and progress toward an independent trading mandate with defined risk limits.Education and ExperienceSenior TraderBachelor’s Degree required (Finance, Economics, Engineering, or related discipline preferred).Five (5) or more years of experience in natural gas trading, marketing, or commercial development, with direct exposure to Gulf Coast physical and/or financial markets.Lead TraderBachelor’s Degree required (Finance, Economics, Engineering, or related discipline preferred).Seven (7) or more years of experience in natural gas trading, marketing, or commercial development, with direct exposure to Gulf Coast physical and/or financial markets.Preferred Experience:Demonstrated P&L ownership or accountability in a commodity trading environment.Strong understanding of Gulf Coast basis markets, pipeline and storage dynamics, and natural gas pricing mechanisms.Experience trading or structuring financial natural gas instruments (swaps, basis swaps, options).Direct trading desk experience at a natural gas trading company, marketing company, producer, utility, or energy trading firm with Gulf Coast focusFamiliarity with storage and transport optimization, including seasonal spread trading and pipeline capacity economicsExperience working alongside fundamental analysts and quantitative tools to inform trading decisionsExposure to LNG feedgas demand, Permian-to-Gulf Coast flows, or HSC/Katy basis tradingSkillsAccountabilityCommercial AwarenessCommunicationContract ManagementCustomer-Focused Data AnalysisDecision MakingEntrepreneurshipMentoring PeopleMarketing StrategiesNegotiationRisk ManagementStrategic PlanningLocation: HoustonRelocation: AvailableEstimated Travel: ~5% (minimal)This position grade may vary depending on candidate experience. The successful candidate will be placed at a level commensurate with experience and qualifications.As an energy industry leader, our career opportunities fuel personal and professional growth.Location:Houston, TexasAdditional locations:Job Requisition ID:00023124Location Address:500 Dallas St Ste 2900Education:Employee Group:Full timeEmployee Subgroup:RegularMarathon Petroleum Company LP is an Equal Opportunity Employer and gives consideration for employment to qualified applicants without discrimination on the basis of race, color, religion, creed, sex, gender (including pregnancy, childbirth, breastfeeding or related medical conditions), sexual orientation, gender identity, gender expression, reproductive health decision-making, age, mental or physical disability, medical condition or AIDS/HIV status, ancestry, national origin, genetic information, military, veteran status, marital status, citizenship or any other status protected by applicable federal, state, or local laws. If you would like more information about your EEO rights as an applicant, click here.If you need a reasonable accommodation for any part of the application process at Marathon Petroleum LP, please contact our Human Resources Department at View email address on click.appcast.io. Please specify the reasonable accommodation you are requesting, along with the job posting number in which you may be interested. A Human Resources representative will review your request and contact you to discuss a reasonable accommodation. Marathon Petroleum offers a total rewards program which includes, but is not limited to, access to health, vision, and dental insurance, paid time off, 401k matching program, paid parental leave, and educational reimbursement. Detailed benefit information is available at .The hired candidate will also be eligible for a discretionary company-sponsored annual bonus program.Equal Opportunity Employer: Veteran / DisabilityWe will consider all qualified Applicants for employment, including those with arrest or conviction records, in a manner consistent with the requirements of applicable state and local laws. In reviewing criminal history in connection with a conditional offer of employment, Marathon will consider the key responsibilities of the role.SummaryLocation: Houston, TexasType: Full time