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, US | Map |
| Website | mplx.com |
Locations
Key People/Management at MPLX
Michael J. Hennigan
Chairman, President and Chief Executive Officer
Pamela K.M. Beall
Executive Vice President and Chief Financial Officer
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
Suzanne Gagle
General Counsel
Raymond L. Brooks
Senior Vice President
MPLX Office Locations
MPLX has offices in Findlay, Canton and Denver
Findlay, US (HQ)
200 E Hardin St
Canton, US
250 Royall St
Denver, US
1515 Arapahoe St #1600
Findlay, US
539 S Main St
MPLX Financials and Metrics
MPLX Revenue
MPLX's revenue was reported to be $9.04 b in FY, 2019
| USD | |
|---|---|
Revenue (Q2, 2020) | 2.1b |
Net income (Q2, 2020) | 655.0m |
EBIT (Q2, 2020) | 878.0m |
Market capitalization (23-Oct-2020) | 18.1b |
Closing stock price (23-Oct-2020) | 17.4 |
Cash (30-Jun-2020) | 67.0m |
EV | 38.9b |
MPLX's current market capitalization is $18.1 b.
Annual
Quarterly
| USD | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 19.6m | 20.8m | 18.8m | 20.4m | 16.9m | 133.9m | 138.0m | 137.5m | 147.6m | 148.6m | 609.0m | 564.0m | 703.0m | 886.0m | 916.0m | 980.0m | 1.4b | 1.7b | 1.6b | 1.6b | 2.3b | 992.0m | 2.1b |
Cost of goods sold | 53.5m | 30.5m | 35.6m | 33.1m | 26.6m | 35.7m | 40.6m | 27.8m | 31.7m | 41.9m | 89.0m | 84.0m | 90.0m | 113.0m | 139.0m | 129.0m | 206.0m | ||||||
Gross profit | (33.9m) | (9.7m) | (16.8m) | (12.7m) | (9.7m) | 98.2m | 97.4m | 109.7m | 115.9m | 106.7m | 520.0m | 480.0m | 613.0m | 773.0m | 777.0m | 851.0m | 1.2b | ||||||
Gross profit Margin, % | (173%) | (47%) | (89%) | (62%) | (57%) | 73% | 71% | 80% | 79% | 72% | 85% | 85% | 87% | 87% | 85% | 87% | 85% |
Annual
| USD | FY, 2012 | Y, 2012 | Y, 2013 | FY, 2013 | Y, 2014 | FY, 2014 | Y, 2015 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 216.7m | 217.0m | 54.0m | 54.1m | 27.0m | 27.3m | 43.0m | 43.0m | 234.0m | 5.0m | 68.0m | 15.0m |
Accounts Receivable | 17.6m | 12.2m | 10.2m | 244.0m | 292.0m | 417.0m | 593.0m | |||||
Prepaid Expenses | 2.6m | 8.9m | 7.0m | 50.0m | 37.0m | 46.0m | 110.0m | |||||
Inventories | 11.7m | 49.0m | 49.0m | 54.0m | 65.0m | 77.0m | 110.0m |
Quarterly
| USD | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 68.5m | 227.9m | 115.3m | 86.9m | 40.6m | 43.2m | 32.2m | 132.5m | 130.4m | 90.4m | 4.0m | 35.0m | 208.0m | 265.0m | 293.0m | 3.0m | 2.0m | 37.0m | 93.0m | 7.0m | 41.0m | 57.0m | 67.0m |
Accounts Receivable | 13.7m | 14.0m | 12.8m | 14.3m | 12.2m | 10.9m | 8.9m | 8.6m | 12.6m | 11.8m | 250.0m | 265.0m | 289.0m | 255.0m | 284.0m | 320.0m | 300.0m | 452.0m | 365.0m | 335.0m | 570.0m | 522.0m | 562.0m |
Prepaid Expenses | 500.0k | 2.4m | 3.3m | 2.3m | 11.0m | 6.9m | 6.1m | 7.3m | 28.0m | 24.0m | 33.0m | 31.0m | 31.0m | 32.0m | 33.0m | 37.0m | 34.0m | 34.0m | 65.0m | ||||
Inventories | 10.1m | 11.7m | 11.6m | 11.5m | 11.7m | 11.8m | 45.0m | 49.0m | 50.0m | 62.0m | 62.0m | 64.0m | 64.0m | 81.0m | 74.0m | 77.0m | 104.0m | 105.0m | 115.0m |
Annual
Quarterly
| USD | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 17.6m | 36.2m | 109.3m | 55.7m | 98.6m | 141.7m | 45.9m | 97.3m | 139.1m | (37.0m) | (17.0m) | 126.0m | 187.0m | 378.0m | 595.0m | 423.0m | 1.4b | 509.0m | 997.0m | 2.0b | (2.7b) | (2.1b) |
Depreciation and Amortization | 11.7m | 23.6m | 36.3m | 12.6m | 25.0m | 37.5m | 12.7m | 25.4m | 38.1m | 132.0m | 269.0m | 407.0m | 187.0m | 351.0m | 515.0m | 176.0m | 565.0m | 211.0m | 425.0m | 916.0m | 325.0m | 646.0m |
Inventories | 1.0m | (3.0m) | (4.0m) | (2.0m) | (3.0m) | 2.0m | (10.0m) | 3.0m | 1.0m | (3.0m) | 3.0m | (7.0m) | ||||||||||
Accounts Payable | (7.1m) | 1.1m | 2.7m | (2.3m) | (1.8m) | 900.0k | 5.0m | 14.3m | 12.7m | (15.0m) | 18.0m | 59.0m | (59.0m) | (16.0m) | 6.0m | (44.0m) | 151.0m | (78.0m) | (76.0m) | (81.0m) | (142.0m) | (102.0m) |
| USD | Q3, 2012 |
|---|---|
Financial Leverage | 1.1 x |
MPLX Cybersecurity Score
MPLX Online and Social Media Presence
MPLX's Trends
MPLX News and Updates
August 03, 2020
MPLX LP Reports Second-Quarter 2020 Financial Results
FINDLAY, Ohio, Aug. 3, 2020 /PRNewswire/ -- Reported net income attributable to MPLX of $648 million and adjusted EBITDA attributable to MPLX of $1.2 billion Generated $1.1 billion in net cash provided by operating activities and reported distribution coverage of 1.39x Maintained...
October 31, 2019
Marathon Petroleum Corporation And MPLX LP Announce The Retirement Of Gregory J. Goff And Appointment Of Michael J. Hennigan As CEO Of MPLX GP LLC
FINDLAY, Ohio, Oct. 31, 2019 /PRNewswire/ -- Marathon Petroleum Corporation (NYSE: MPC) and MPLX LP (NYSE: MPLX) today announced that Gregory J. Goff, executive vice chairman of MPC and a member of each of the boards of directors of MPC and MPLX's general partner, has elected to retire...
September 16, 2019
MPLX LP to Announce 2019 Third-Quarter Financial Results October 31
FINDLAY, Ohio, Sept. 16, 2019 /PRNewswire/ -- MPLX LP (NYSE: MPLX) a master limited partnership sponsored by Marathon Petroleum Corp. (NYSE: MPC), will host a conference call with analysts on Thursday, October 31, at 11 a.m. EDT to discuss 2019 third-quarter financial results, which will...
September 04, 2019
MPLX LP prices $2.0 billion senior notes offering
FINDLAY, Ohio, Sept. 4, 2019 /PRNewswire/ -- MPLX LP (NYSE: MPLX) announced today that it has priced $2,000,000,000 in aggregate principal amount of unsecured senior notes in an underwritten public offering consisting of $1,000,000,000 aggregate principal amount of floating rate senior...
July 01, 2019
MPLX LP to Announce 2019 Second-Quarter Financial Results August 1
FINDLAY, Ohio, July 1, 2019 /PRNewswire/ -- MPLX LP (NYSE: MPLX) a master limited partnership sponsored by Marathon Petroleum Corp. (NYSE: MPC), will host a conference call with analysts on Thursday, August 1, at 11 a.m. EDT to discuss 2019 second-quarter financial results, which will be...
June 28, 2019
MPLX LP Announces Unitholder Consent Deadline and Anticipated Closing Date of the Andeavor Logistics Acquisition
FINDLAY, Ohio, June 28, 2019 /PRNewswire/ -- MPLX LP (NYSE: MPLX) and Andeavor Logistics LP (NYSE: ANDX) today announced that the Board of Directors of the general partner of ANDX has set June 28, 2019 as the record date for determining holders of ANDX common units entitled to execute and ...
MPLX Frequently Asked Questions
When was MPLX founded?
MPLX was founded in 2012.
Who are MPLX key executives?
MPLX's key executives are Michael J. Hennigan, Pamela K.M. Beall and Timothy J. Aydt.
How many employees does MPLX have?
MPLX has 6,200 employees.
What is MPLX revenue?
Latest MPLX annual revenue is $9 b.
What is MPLX revenue per employee?
Latest MPLX revenue per employee is $1.5 m.
Who are MPLX competitors?
Competitors of MPLX include American Midstream Partners, Stallion Oilfield and Magellan Midstream Partners.
Where is MPLX headquarters?
MPLX headquarters is located at 200 E Hardin St, Findlay.
Where are MPLX offices?
MPLX has offices in Findlay, Canton and Denver.
How many offices does MPLX have?
MPLX has 4 offices.
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