OverviewSuggest Edit
MPLX is a company owning and operating midstream energy infrastructure and logistics assets. 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; transportation, storage, distribution, and marketing of crude oil and refined petroleum products, as well as other hydrocarbon-based products; and sale of residue gas and condensate.
| Type | Public | |
| Founded | 2012 | |
| HQ | Findlay, OH, US | Map |
| Website | mplx.com |
Recent NewsAll News
- MPLX LP Announces Binding Open Season For Tesoro High Plains Pipeline Company LLC
- MPLX LP to Report Third-Quarter Financial Results November 2, 2021
- MPLX LP Announces Retirement of Pamela K.M. Beall; John J. Quaid Named Executive Vice President and Chief Financial Officer of MPLX GP LLC
- MPLX LP Reports Second-Quarter 2021 Financial Results
Key People/Management at MPLX
Maryann T. Mannen
Director
Michael J. Hennigan
Chairman, President and Chief Executive Officer
Pamela K.M. Beall
Executive Vice President and Chief Financial Officer
Dan D. Sandman
Director
Timothy J. Aydt
Chief Commercial Officer and Executive Vice President, Pipelines, Terminals & Marine
Gregory S. Floerke
Chief Operating Officer and Executive Vice President, Gathering & Processing, Trucks & Rail
MPLX Office Locations
MPLX has offices in Findlay and Denver
Findlay, OH, US (HQ)
200 E Hardin St
Denver, CO, US
1401 Lawrence St UNIT 2300
MPLX Financials and Metrics
MPLX Revenue
MPLX's revenue was reported to be $7.57 b in FY, 2020 which is a 16.3% decrease from the previous period.
| USD | |
|---|---|
Revenue (Q2, 2021) | 2.4b |
Gross profit (Q2, 2021) | 1.8b |
Gross profit margin (Q2, 2021), % | 73.7% |
Net income (Q2, 2021) | 706.0m |
EBIT (Q2, 2021) | 931.0m |
Market capitalization (12-Nov-2021) | 31.8b |
Closing stock price (12-Nov-2021) | 30.9 |
Cash (30-Jun-2021) | 8.0m |
EV | 51.5b |
MPLX's current market capitalization is $31.8 b.
Annual
Annual
Annual
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 |
|---|---|---|---|---|---|---|---|---|
Net Income | 509.0m | 997.0m | 2.0b | (2.7b) | (2.1b) | (1.4b) | 748.0m | 1.5b |
Depreciation and Amortization | 211.0m | 425.0m | 916.0m | 325.0m | 646.0m | 992.0m | 329.0m | 647.0m |
Inventories | 3.0m | 1.0m | (3.0m) | 3.0m | (7.0m) | (8.0m) | (11.0m) | (8.0m) |
Accounts Payable | (78.0m) | (76.0m) | (81.0m) | (142.0m) | (102.0m) | (27.0m) | 26.0m | 77.0m |
| USD | FY, 2018 |
|---|---|
EV/EBIT | 15 x |
EV/CFO | 13.3 x |
Debt/Equity | 2 x |
Debt/Assets | 0.6 x |
Financial Leverage | 3.3 x |
P/E Ratio | 13.2 |
MPLX Operating Metrics
| FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | FY, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | FY, 2020 | Q1, 2021 | Q3, 2021 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Terminal Throughput, mbpd | 3.15 k | 1.43 k | 1.51 k | 3.29 k | 3.28 k | 3 k | 2.42 k | 2.7 k | 2.67 k | 2 | 2.99 k |
Natural Gas Throughput (Gas Processing Complexes), Bcf/d | 5.51 | 7.8 | 7.83 | 8.8 | 6.79 | 8.79 | 8.48 | 8.51 | 6.54 | 8.37 | 8.37 |
Utilization (Gas Processing Complexes) | 79% | 76% | 72% | ||||||||
Natural Gas Gathering Systems Throughput, Bcf/d | 2.72 | 4.97 | 4.95 | 6.28 | 3.69 | 5.75 | 5.49 | 5.4 | 3.43 | 5.08 | 5.08 |
MPLX Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Andeavor Logistics LP | May 08, 2019 | $9 b |
| MarkWest Energy Partners, L.P. | July 13, 2015 | $15.63 b |
| Andeavor Field Services LLC | ||
| Andeavor Gathering I LLC | ||
| Andeavor Logistics CD LLC | ||
| Andeavor Logistics GP LLC | ||
| Andeavor Logistics Rio Pipeline LLC | ||
| Andeavor Midstream Partners GP LLC | ||
| Andeavor Midstream Partners LP | ||
| Andeavor Midstream Partners Operating LLC |
MPLX Revenue Breakdown
MPLX revenue breakdown by business segment: 42.9% from Gathering and Processing (G&P) and 57.1% from Logistics and Storage (L&S)
MPLX Cybersecurity Score
MPLX Online and Social Media Presence
MPLX's Trends
MPLX News and Updates
November 16, 2021
MPLX LP Announces Binding Open Season For Tesoro High Plains Pipeline Company LLC
FINDLAY, Ohio, Nov. 16, 2021 /PRNewswire/ -- MPLX announced today that its subsidiary, Tesoro High Plains Pipeline Company LLC ("THPP"), has launched a binding open season to assess shipper interest in obtaining firm service on new expansion capacity on the Connolly Gathering System...
September 22, 2021
MPLX LP to Report Third-Quarter Financial Results November 2, 2021
FINDLAY, Ohio, Sept. 22, 2021 /PRNewswire/ -- MPLX LP (NYSE: MPLX), a master limited partnership sponsored by Marathon Petroleum Corp. (NYSE: MPC), will host a conference call on Tuesday, November 2, 2021, at 9:30 a.m. EDT to discuss 2021 third-quarter financial results. Interested...
August 04, 2021
MPLX LP Announces Retirement of Pamela K.M. Beall; John J. Quaid Named Executive Vice President and Chief Financial Officer of MPLX GP LLC
FINDLAY, Ohio, Aug. 4, 2021 /PRNewswire/ -- MPLX LP (NYSE: MPLX) today announced that Pamela K.M. Beall, Executive Vice President and Chief Financial Officer of MPLX GP LLC, will retire later this year after more than 25 years of service with sponsor Marathon Petroleum (NYSE: MPC) and...
August 04, 2021
MPLX LP Reports Second-Quarter 2021 Financial Results
FINDLAY, Ohio, Aug. 4, 2021 /PRNewswire/ -- Reported net income attributable to MPLX of $706 million and adjusted EBITDA attributable to MPLX of $1.4 billion Generated $1.4 billion in net cash provided by operating activities Returned nearly $900 million in capital to unitholders through...
May 04, 2021
MPLX LP Reports First-Quarter 2021 Financial Results
FINDLAY, Ohio, May 4, 2021 /PRNewswire/ -- Reported net income attributable to MPLX of $739 million and adjusted EBITDA attributable to MPLX of $1.4 billion Generated $1.1 billion in net cash provided by operating activities and continued progress on reductions in capital spending and...
March 18, 2021
MPLX LP to Announce 2021 First-Quarter Financial Results May 4
FINDLAY, Ohio, March 18, 2021 /PRNewswire/ -- MPLX LP (NYSE: MPLX) a master limited partnership sponsored by Marathon Petroleum Corp. (NYSE: MPC), will host a conference call with analysts on Tuesday, May 4, 2021, at 9:30 a.m. EDT to discuss 2021 first-quarter financial results, which...
MPLX Frequently Asked Questions
When was MPLX founded?
MPLX was founded in 2012.
Who are MPLX key executives?
MPLX's key executives are Maryann T. Mannen, Michael J. Hennigan and Pamela K.M. Beall.
How many employees does MPLX have?
MPLX has 6,200 employees.
What is MPLX revenue?
Latest MPLX annual revenue is $7.6 b.
What is MPLX revenue per employee?
Latest MPLX revenue per employee is $1.2 m.
Who are MPLX competitors?
Competitors of MPLX include American Midstream Partners, Magellan Midstream Partners and Energy Transfer Operating.
Where is MPLX headquarters?
MPLX headquarters is located at 200 E Hardin St, Findlay.
Where are MPLX offices?
MPLX has offices in Findlay and Denver.
How many offices does MPLX have?
MPLX has 2 offices.
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