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.
Type
Public
HQ
Findlay, US
Website
mplx.com
MPLX is headquartered in Findlay, US

MPLX Office Locations

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

MPLX Data and Metrics

MPLX Financial Metrics

MPLX's revenue was reported to be $2.6 b in 2016
$, USD

Revenue (Y, 2016)

2.6 b

Revenue growth (Y, 2015 - Y, 2016), %

268%

Gross profit (Y, 2016)

2.2 b

Gross profit margin (Y, 2016), %

86%

Net income (Y, 2016)

258 m

EBIT (Y, 2016)

507 m

Market capitalization (23-Jun-2017)

12 b

Closing share price (23-Jun-2017)

31.1

Cash (31-Dec-2016)

234 m
MPLX's current market capitalization is $12 b.
$, USDFY, 2013FY, 2014FY, 2015Y, 2016

Revenue

486.3 m548.3 m703 m2.6 b

Revenue growth, %

13%28%268%

Cost of goods sold

136 m145 m172 m354 m

Gross profit

350.3 m403.3 m531 m2.2 b

Gross profit Margin, %

72%74%76%86%

Operating expense total

2.1 b

EBIT

144.8 m172.7 m(3 m)507 m

EBIT margin, %

30%31%(0%)20%

Interest expense

210 m

Pre tax profit

246 m

Income tax expense

2 m(12 m)

Net Income

146.1 m178.1 m157 m258 m
$, USDY, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

217 m54 m27 m43 m234 m

Inventories

49 m54 m

Current Assets

135.1 m97.2 m474 m740 m

PP&E

966.6 m1 b9.7 b10.7 b

Goodwill

104.7 m104.7 m2.6 b2.2 b

Total Assets

1.2 b1.2 b15.7 b16.6 b

Accounts Payable

30.5 m42.2 m89 m123 m

Total Debt

10.5 m644.8 m

Current Liabilities

83.4 m100.6 m612 m704 m

Total Equity

1.1 b463.7 m9.3 b10.3 b

Debt to Equity Ratio

0 x1.4 x

Debt to Assets Ratio

0 x0.5 x

Financial Leverage

1.1 x2.6 x1.7 x1.6 x
$, USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

146.1 m178.1 m157 m258 m

Depreciation and Amortization

48.9 m50.2 m89 m546 m

Cash From Operating Activities

212.2 m246.8 m239 m1.3 b

Purchases of PP&E

(106.5 m)(78.6 m)(264 m)(1.2 b)

Cash From Investing Activities

(113.6 m)(75.1 m)(1.5 b)(1.2 b)

Cash From Financing Activities

(261.2 m)(198.5 m)1.3 b115 m
Y, 2016

Financial Leverage

1.6 x

MPLX Market Value History

MPLX News and Updates

MPLX Company Life and Culture

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