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MPLX

Energy & Utilitiesoil & gaspipelines
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.
Revenue(Q1, 2017)
$69 M
Market capitalization(2017-08-17)
$13.7 B
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 $69 m in Q1, 2017
USD

Revenue (Q1, 2017)

69 m

Gross profit (Q1, 2017)

(44 m)

Gross profit margin (Q1, 2017), %

(64%)

Net income (Q1, 2017)

187 m

EBIT (Q1, 2017)

265 m

Market capitalization (17-Aug-2017)

13.7 b

Cash (31-Mar-2017)

265 m
MPLX's current market capitalization is $13.7 b.
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

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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

147.6 m148.6 m70 m71 m77 m69 m

Cost of goods sold

31.7 m41.9 m89 m84 m90 m113 m

Gross profit

115.9 m106.7 m(19 m)(13 m)(13 m)(44 m)

Gross profit Margin, %

79%72%(27%)(18%)(17%)(64%)

General and administrative expense

17.9 m21.1 m52 m49 m46 m58 m

Operating expense total

17.9 m21.1 m52 m49 m46 m58 m

EBIT

57.6 m47.1 m27 m76 m207 m265 m

EBIT margin, %

39%32%39%107%269%384%

Interest expense

55 m52 m51 m66 m

Pre tax profit

51.4 m41.9 m(41 m)12 m143 m187 m

Income tax expense

(100 k)4 m8 m

Net Income

98.6 m141.7 m45.9 m97.3 m139.1 m(37 m)(17 m)126 m187 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 m4.4 b

Current Liabilities

83.4 m100.6 m612 m704 m

Total Liabilities

5.3 b

Total Equity

1.1 b463.7 m9.3 b10.3 b

Debt to Equity Ratio

0 x1.4 x0.4 x

Debt to Assets Ratio

0 x0.5 x0.3 x

Financial Leverage

1.1 x2.6 x1.7 x1.6 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

43.2 m32.2 m132.5 m130.4 m90.4 m4 m35 m208 m265 m

Inventories

45 m49 m50 m62 m

Current Assets

119.4 m105.5 m209.9 m214.7 m173 m429 m486 m686 m811 m

PP&E

955.8 m982.6 m1 b1.1 b1.1 b10.2 b10.4 b10.5 b11.4 b

Goodwill

104.7 m104.7 m104.7 m104.7 m104.7 m2.2 b2.2 b2.2 b2.2 b

Total Assets

1.2 b1.2 b1.4 b1.4 b1.4 b16 b16.1 b16.4 b18.3 b

Accounts Payable

25.7 m34.9 m44.9 m55.5 m67.6 m105 m102 m107 m121 m

Current Liabilities

82.4 m90.8 m115 m128 m135.5 m1 b650 m670 m712 m

Total Equity

828.7 m833.3 m476 m492.4 m493.1 m9.7 b9.5 b10.2 b9.7 b

Financial Leverage

1.4 x1.4 x2.8 x2.8 x2.8 x1.7 x1.7 x1.6 x1.9 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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

98.6 m141.7 m45.9 m97.3 m139.1 m(37 m)(17 m)126 m187 m

Depreciation and Amortization

25 m37.5 m12.7 m25.4 m38.1 m132 m269 m407 m187 m

Inventories

(1 m)3 m4 m

Cash From Operating Activities

128.4 m190.3 m58.5 m127.9 m184.9 m295 m593 m932 m377 m

Purchases of PP&E

(13.2 m)(47.1 m)(29.7 m)(63.5 m)(121.1 m)(291 m)(569 m)(874 m)(280 m)

Cash From Investing Activities

(9.4 m)(43.1 m)(29.3 m)(64.2 m)(119.1 m)(240 m)(526 m)(849 m)(953 m)

Cash From Financing Activities

(129.9 m)(169.1 m)76 m39.4 m(2.7 m)(94 m)(75 m)82 m607 m
Y, 2017

Financial Leverage

1.9 x

MPLX Market Value History

Competitors

Buckeye Partners
Energy & Utilities - Public
Williams Companies
Energy & Utilities - Public
Enbridge Energy Partners
Energy & Utilities - Public
Northwest Pipeline
Energy & Utilities - Private
Compare competitors

Traffic Overview of MPLX

MPLX News and Updates

July 22, 2016

BRIEF-MPLX LP declared Q2 cash distribution of $0.51 per common unit

* Declared a cash distribution of $0.51 per common unit for Q2 of 2016

MPLX Company Life and Culture

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