MPLX
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MPLX

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    • Energy & Utilitiesoil & gaspipelines
    MPLX is a publicly traded master limited partnership formed by Marathon Petroleum Corporation (MPC) to own, operate, develop and acquire pipelines and other midstream assets related to the transportation and storage of crude oil, refined products and other hydrocarbon based products. In 2015, MPLX merged with MarkWest, whereby MarkWest became a wholly owned subsidiary of MPLX. MarkWest is one of the largest processors of natural gas in the U.S. and the largest processor and fractionator in the Marcellus and Utica shale plays. The company’s midstream energy operations include: natural gas gathering, processing and transportation; NGL gathering, transportation, fractionation, storage and marketing; and crude oil and refined products transportation and storage. Its integrated midstream energy asset network links producers of natural gas, natural gas liquids and crude oil from some of the largest supply basins in the United States to domestic and international markets.
    Revenue(FY, 2017)
    $277 M
    Market capitalization(2018-11-09)
    $26.4 B
    TypePublic
    HQFindlay, US
    Websitemplx.com
    MPLX is headquartered in Findlay, US
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    Key People/Management at MPLX

    Gary R. Heminger

    Gary R. Heminger

    Chairman and Chief Executive Officer
    Michael J. Hennigan

    Michael J. Hennigan

    President
    Pamela K.M. Beall

    Pamela K.M. Beall

    Executive Vice President and Chief Financial Officer
    Gregory S. Floerke

    Gregory S. Floerke

    Executive Vice President, Gathering and Processing
    John S. Swearingen

    John S. Swearingen

    Executive Vice President, Logistics and Storage
    Suzanne Gagle

    Suzanne Gagle

    General Counsel
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    MPLX Office Locations

    MPLX has an office in Findlay
    Findlay, US (HQ)
    200 E Hardin St
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    MPLX Financials and Metrics

    MPLX Revenue

    MPLX's revenue was reported to be $277 m in FY, 2017
    USD

    Revenue (Q3, 2018)

    		89.0m

    Net income (Q3, 2018)

    		516.0m

    EBIT (Q3, 2018)

    		672.0m

    Market capitalization (9-Nov-2018)

    		26.4b

    Closing stock price (9-Nov-2018)

    		33.3

    Cash (30-Sep-2018)

    		37.0m

    EV

    		39.3b
    MPLX's current market capitalization is $26.4 b.
    Annual
    USDFY, 2014FY, 2015FY, 2016FY, 2017

    Revenue

    		548.3m703.0m2.6b277.0m

    Revenue growth, %

    		13%28%268%

    Cost of goods sold

    		145.0m172.0m354.0m528.0m

    Gross profit

    		403.3m531.0m2.2b(251.0m)
    Quarterly
    USDQ3, 2014Q1, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q3, 2018

    Revenue

    		138.0m148.6m70.0m71.0m77.0m69.0m70.0m69.0m79.0m89.0m

    Cost of goods sold

    		41.9m89.0m84.0m90.0m113.0m139.0m129.0m206.0m

    Gross profit

    		106.7m(19.0m)(13.0m)(13.0m)(44.0m)(69.0m)(60.0m)(127.0m)

    Gross profit Margin, %

    		72%(27%)(18%)(17%)(64%)(99%)(87%)(161%)
    show all
    Annual
    usdY, 2012Y, 2013Y, 2014Y, 2015FY, 2015FY, 2016FY, 2017

    Cash

    		217.0m54.0m27.0m43.0m43.0m234.0m5.0m

    Accounts Receivable

    Inventories

    		49.0m49.0m54.0m65.0m

    Current Assets

    		135.1m97.2m474.0m474.0m740.0m559.0m
    Quarterly
    USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q3, 2018

    Cash

    		43.2m132.5m4.0m35.0m208.0m265.0m293.0m3.0m2.0m37.0m

    Inventories

    		45.0m49.0m50.0m62.0m62.0m64.0m64.0m81.0m

    Current Assets

    		128.0m119.4m209.9m173.0m429.0m486.0m686.0m811.0m843.0m571.0m729.0m925.0m

    PP&E

    		959.0m955.8m1.0b10.2b10.4b10.5b11.4b11.6b11.9b13.3b14.3b
    show all
    Annual
    usdFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

    Net Income

    		146.1m178.1m157.0m258.0m836.0m

    Depreciation and Amortization

    		48.9m50.2m89.0m546.0m683.0m

    Inventories

    		(3.0m)

    Accounts Payable

    Quarterly
    USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q3, 2018

    Net Income

    		55.7m141.7m45.9m97.3m139.1m(37.0m)(17.0m)126.0m187.0m378.0m595.0m423.0m1.4b

    Depreciation and Amortization

    		12.6m25.0m37.5m12.7m25.4m38.1m132.0m269.0m407.0m187.0m351.0m515.0m176.0m565.0m

    Inventories

    		(1.0m)3.0m4.0m2.0m3.0m2.0m(10.0m)

    Cash From Operating Activities

    		71.9m190.3m58.5m127.9m184.9m295.0m593.0m932.0m377.0m844.0m1.3b450.0m2.0b
    show all
    USDY, 2018

    EV/EBIT

    		58.4 x

    EV/CFO

    		19.4 x

    Debt/Equity

    		1.9 x

    Debt/Assets

    		0.6 x

    Financial Leverage

    		3.2 x
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    Competitors

    Boardwalk Pipeline Partners
    Energy & Utilities - Public
    Cheniere Energy Partners
    Energy & Utilities - Public
    Kinder Morgan
    Energy & Utilities - Public
    SemGroup
    Energy & Utilities - Public
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    MPLX News and Updates

    November 08, 2018

    MPLX announces redemption of its outstanding 5.500% senior notes due 2023

    FINDLAY, Ohio, Nov. 8, 2018 /PRNewswire/ -- MPLX LP (NYSE: MPLX) today announced that it has issued notices of redemption (the "Redemption Notices") to redeem all of the $750 million outstanding aggregate principal amount of its 5.500% senior notes due on Feb. 15, 2023 (including such...
    November 07, 2018

    MPLX LP prices $2,250,000,000 senior notes offering

    FINDLAY, Ohio, Nov. 7, 2018 /PRNewswire/ -- MPLX LP (NYSE: MPLX) announced today that it has priced $2,250,000,000 in aggregate principal amount of unsecured senior notes in an underwritten public offering consisting of $750,000,000 aggregate principal amount of 4.800% senior notes due in ...
    November 02, 2018

    MPLX, MarkWest Plot $2 Billion in Projects Across Permian, Marcellus, Other Hot Spots, an Industrial Info News Alert

    SUGAR LAND, Texas, Nov. 2, 2018 /PRNewswire/ -- Researched by Industrial Info Resources (Sugar Land, Texas)--MPLX LP (Findlay, Ohio) gathered, processed and fractionated record levels of natural gas volumes in third-quarter 2018, bolstering its profits and reinforcing confidence in its...
    November 01, 2018

    MPLX names Timothy J. Aydt vice president, business development

    FINDLAY, Ohio, Nov. 1, 2018 /PRNewswire/ -- Timothy J. Aydt, president, Marathon Pipe Line LLC, and vice president, operations of MPLX GP LLC, the general partner of MPLX LP (NYSE: MPLX), has been appointed vice president, business development, MPLX, effective Nov. 1. He will continue to...
    October 26, 2018

    MPLX LP Increases Quarterly Distribution

    FINDLAY, Ohio, Oct. 26, 2018 /PRNewswire/ -- The board of directors of the general partner of MPLX LP (NYSE: MPLX) has declared a quarterly cash distribution of $0.6375 per common unit for the third quarter 2018. This represents an increase of $0.01 per unit, or 1.6 percent, over the...
    October 15, 2018

    MPLX LP to Announce Third-Quarter 2018 Financial Results On November 1

    FINDLAY, Ohio, Oct. 15, 2018 /PRNewswire/ -- MPLX LP (NYSE: MPLX) a master limited partnership sponsored by Marathon Petroleum Corp. (NYSE: MPC), will release its 2018 third-quarter financial results before the market opens on Thursday, November 1, 2018. MPLX will live broadcast its...
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    MPLX Company Life and Culture

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     MPLX Frequently Asked Questions

    • Who are MPLX key executives?

      MPLX's key executives are Gary R. Heminger, Michael J. Hennigan and Pamela K.M. Beall.

    • What is MPLX revenue?

      Latest MPLX annual revenue is $277 m.

    • Who are MPLX competitors?

      Competitors of MPLX include Boardwalk Pipeline Partners, Cheniere Energy Partners and Kinder Morgan.

    • Where is MPLX headquarters?

      MPLX headquarters is located at 200 E Hardin St, Findlay.

    • Where are MPLX offices?

      MPLX has an office in Findlay.

    • How many offices does MPLX have?

      MPLX has 1 office.