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.
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%)
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
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
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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MPLX News and Updates

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...

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 ...

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...

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...

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...

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.