MPLX LP

Chart & Performance

D1W1MN

P/E

12.60

P/S

4.63

EPS

3.86

Div Yield, %

6.66%

Shrs. gr., 5y

5.66%

Rev. gr., 5y

11.93%

Revenues

10.68b

+1.33%

Net income

3.93b

-0.41%

CFO

5.40b

+7.53%

Dividend

Aug 09, 20240.85 USD/sh

Earnings

Jan 28, 2025

Profile

MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. It operates in two segments, Logistics and Storage, and Gathering and Processing. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, exchange, storage, and marketing of natural gas liquids; gathering, storage, transportation, and distribution of crude oil and refined products, as well as other hydrocarbon-based products; and sale of residue gas and condensate. It also engages in the inland marine businesses comprising transportation of light products, heavy oils, crude oil, renewable fuels, chemicals, and feedstocks in the Mid-Continent and Gulf Coast regions, as well as owns and operates boats and barges, including third-party chartered equipment, and a marine repair facility located on the Ohio River; and distribution of fuel, as well as operates refining logistics, terminals, rail facilities, and storage caverns. In addition, the company operates terminal facilities for the receipt, storage, blending, additization, handling, and redelivery of refined petroleum products located through the pipeline, rail, marine, and over-the-road modes of transportation. MPLX GP LLC acts as the general partner of MPLX LP. The company was incorporated in 2012 and is headquartered in Findlay, Ohio. MPLX LP operates as a subsidiary of Marathon Petroleum Corporation.

URL

https://www.mplx.com/

IPO date

Oct 26, 2012

Employees

6,200

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	10,681,000 1.33%	10,541,000 10.09%	9,575,000 16.12%
Cost of revenue	6,239,000	6,587,000	5,873,000
Unusual Expense (Income)
NOPBT	4,442,000	3,954,000	3,702,000
NOPBT Margin	41.59%	37.51%	38.66%
Operating Taxes	11,000	8,000	1,000
Tax Rate	0.25%	0.20%	0.03%
NOPAT	4,431,000	3,946,000	3,701,000
Net income	3,928,000 -0.41%	3,944,000 28.18%	3,077,000 -547.89%
Dividends	(3,296,000)	(3,047,000)	(3,573,000)
Dividend yield	8.96%	9.19%	11.76%
Proceeds from repurchase of equity		(491,000)	12,038,000
BB yield		1.48%	-39.61%
Debt
Debt current	1,181,000	1,035,000	559,000
Long-term debt	20,216,000	19,771,000	18,998,000
Deferred revenue	446,000	329,000	457,000
Other long-term liabilities	126,000	142,000	170,000
Net debt	16,606,000	16,473,000	15,563,000
Cash flow
Cash from operating activities	5,397,000	5,019,000	4,911,000
CAPEX	(937,000)	(806,000)	(529,000)
Cash from investing activities	(1,252,000)	(956,000)	(518,000)
Cash from financing activities	(3,335,000)	(3,838,000)	(4,395,000)
FCF	4,014,000	3,544,000	6,256,000
Balance
Cash	1,048,000	238,000	13,000
Long term investments	3,743,000	4,095,000	3,981,000
Excess cash	4,256,950	3,805,950	3,515,250
Stockholders' equity	13,584,000	229,000	224,000
Invested Capital	30,813,050	34,057,000	32,484,000
ROIC	13.66%	11.86%	10.98%
ROCE	12.66%	11.53%	11.31%
EV
Common stock shares outstanding	1,002,000	1,010,000	1,027,000
Price	36.72 11.81%	32.84 10.98%	29.59 36.67%
Market cap	36,793,440 10.93%	33,168,400 9.15%	30,388,930 33.55%
EV	54,529,440	51,457,400	47,768,930
EBITDA	5,655,000	5,184,000	4,989,000
EV/EBITDA	9.64	9.93	9.57
Interest	923,000	925,000	879,000
Interest/NOPBT	20.78%	23.39%	23.74%