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 Metrics

MPLX Financial Metrics

Revenue (2016)

$2.6 b

Revenue growth (2015-16), %

268%

Gross profit

$2.2 b

Gross profit margin (2016), %

86%

Net income (2016)

$258 m

Market capitalization (21-Mar-2017)

$12.6 b

Closing share price (21-Mar-2017)

$35.6

Cash (31-Dec-2016)

$234 m
MPLX's current market capitalization is $12.6 b.
MPLX's revenue was reported to be $2.6 b in 2016
FY, 2013FY, 2014FY, 2015Y, 2016

Revenue

$486.3 m$548.3 m$703 m$2.6 b

Revenue growth, %

13%28%268%

Cost of goods sold

$136 m$145 m$172 m$354 m

Gross profit

$350.3 m$403.3 m$531 m$2.2 b

Gross profit Margin, %

72%74%76%86%

Operating expense total

$2.1 b

EBIT

$144.8 m$172.7 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 m$178.1 m$157 m$258 m
Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

$217 m$54 m$27 m$43 m$234 m

Accounts Receivable

Inventories

$49 m$54 m

Current Assets

$135.1 m$97.2 m$474 m$740 m

PP&E

$966.6 m$1 b$9.7 b$10.7 b

Goodwill

$104.7 m$104.7 m$2.6 b$2.2 b

Total Assets

$1.2 b$1.2 b$15.7 b$16.6 b

Accounts Payable

$30.5 m$42.2 m$89 m$123 m

Total Debt

$10.5 m$644.8 m

Current Liabilities

$83.4 m$100.6 m$612 m$704 m

Total Equity

$1.1 b$463.7 m$9.3 b$10.3 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
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

$146.1 m$178.1 m$157 m$258 m

Depreciation and Amortization

$48.9 m$50.2 m$89 m$546 m

Accounts Receivable

Inventories

Accounts Payable

Cash From Operating Activities

$212.2 m$246.8 m$239 m$1.3 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)

MPLX Market Value History

MPLX News

MPLX Company Life

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