OverviewSuggest Edit

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. ... Show more
TypePublic
HQFindlay, US
Websitemplx.com

Latest Updates

Revenue (FY, 2017)$277 M(-89%)
Share Price (Feb 2019)$34.3 (+2%)

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 (15-Feb-2019)

27.3b

Closing stock price (15-Feb-2019)

34.3

Cash (30-Sep-2018)

37.0m

EV

40.1b
MPLX's current market capitalization is $27.3 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

59.7 x

EV/CFO

19.8 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 LP Delivers Extraordinary Results in 2018

FINDLAY, Ohio, Feb. 7, 2019 /PRNewswire/ -- Reported record full-year net income of $1.8 billion and adjusted EBITDA of $3.5 billion, an increase of $1.0 billion and $1.5 billion, respectively, compared to 2017 Logistics & Storage (L&S): expanded earnings base through completion of...

Crimson Midstream and MPLX Announce Extension of Binding Open Season for Swordfish Pipeline to Align with Capline Reversal Open Season

FINDLAY, Ohio, Jan. 31, 2019 /PRNewswire/ -- Crimson Midstream, LLC and MPLX LP (NYSE: MPLX) today announced an extension to the binding open season on the Swordfish Pipeline to align with the recently announced binding open season by Capline Pipeline Company LLC. Additionally, the...

MPLX LP To Announce 2018 Fourth-Quarter And Full-Year Financial Results February 7

FINDLAY, Ohio, Jan. 16, 2019 /PRNewswire/ -- MPLX LP (NYSE: MPLX) a master limited partnership sponsored by Marathon Petroleum Corp. (NYSE: MPC), will release its 2018 fourth-quarter and full-year financial results before the market opens on Thursday, February 7. MPLX will live broadcast...

MPLX LP To Announce 2018 Fourth-Quarter And Full-Year Financial Results February 7

FINDLAY, Ohio, Jan. 16, 2019 /PRNewswire/ -- MPLX LP (NYSE: MPLX) a master limited partnership sponsored by Marathon Petroleum Corp. (NYSE: MPC), will release its 2018 fourth-quarter and full-year financial results before the market opens on Thursday, February 7. MPLX will live broadcast...

Marathon Petroleum Corporation, MPLX LP, and Andeavor Logistics LP 2018 Investor Day to be Webcast Live on Dec. 4

FINDLAY, Ohio, Nov. 19, 2018 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC), MPLX LP (NYSE: MPLX), and Andeavor Logistics LP (NYSE: ANDX) will jointly host a 2018 Investor Day on December 4, 2018. The presentation and accompanying slides will be webcast via the MPC website at...

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...
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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 Enbridge Energy Partners, Cheniere Energy Partners and Boardwalk Pipeline Partners.

  • 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.