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
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Key People/Management at MPLX

Gary Heminger

Gary Heminger

Chairman of the Board and Chief Executive Officer
Michael Hennigan

Michael Hennigan

President
Pamela Beall

Pamela Beall

Executive Vice President and Chief Financial Officer
Gregory Floerke

Gregory Floerke

Executive Vice President, Gathering and Processing
John Swearingen

John Swearingen

Executive Vice President, Logistics and Storage
Raymond Brooks

Raymond Brooks

Senior Vice President
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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 Financials

MPLX's revenue was reported to be $2.59 b in FY, 2016 which is a 268.4% increase from the previous period.
USD

Revenue (Q1, 2018)

79 m

Gross profit (Q1, 2018)

(127 m)

Gross profit margin (Q1, 2018), %

(160.8%)

Net income (Q1, 2018)

423 m

EBIT (Q1, 2018)

557 m

Market capitalization (23-May-2018)

28.8 b

Closing share price (23-May-2018)

36.3

Cash (31-Mar-2018)

2 m

EV

40.7 b
MPLX's current market capitalization is $28.8 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 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
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Revenue

147.6 m148.6 m70 m71 m77 m69 m70 m69 m79 m

Cost of goods sold

31.7 m41.9 m89 m84 m90 m113 m139 m129 m206 m

Gross profit

115.9 m106.7 m(19 m)(13 m)(13 m)(44 m)(69 m)(60 m)(127 m)

Gross profit Margin, %

79%72%(27%)(18%)(17%)(64%)(99%)(87%)(161%)
Annual
usdY, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

217 m54 m27 m43 m234 m

Accounts Receivable

Inventories

49 m54 m

Current Assets

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

Cash

86.9 m40.6 m43.2 m32.2 m132.5 m130.4 m90.4 m4 m35 m208 m265 m293 m3 m2 m

Inventories

45 m49 m50 m62 m62 m64 m64 m

Current Assets

155.6 m128 m119.4 m105.5 m209.9 m214.7 m173 m429 m486 m686 m811 m843 m571 m729 m

PP&E

956.2 m959 m955.8 m982.6 m1 b1.1 b1.1 b10.2 b10.4 b10.5 b11.4 b11.6 b11.9 b13.3 b
Annual
usdFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

146.1 m178.1 m157 m258 m

Depreciation and Amortization

48.9 m50.2 m89 m546 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Net Income

109.3 m55.7 m98.6 m141.7 m45.9 m97.3 m139.1 m(37 m)(17 m)126 m187 m378 m595 m423 m

Depreciation and Amortization

36.3 m12.6 m25 m37.5 m12.7 m25.4 m38.1 m132 m269 m407 m187 m351 m515 m176 m

Inventories

(1 m)3 m4 m2 m3 m2 m

Cash From Operating Activities

167.1 m71.9 m128.4 m190.3 m58.5 m127.9 m184.9 m295 m593 m932 m377 m844 m1.3 b450 m
USDY, 2018

EV/EBIT

73 x

EV/CFO

90.4 x

Financial Leverage

3 x
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