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.
TypePublic
Founded2012
HQFindlay, OH, US
Websitemplx.com

Latest Updates

Employees (est.) (Dec 2019)6,200
Revenue (FY, 2020)$7.6 B(-16%)
Share Price (Nov 2021)$30.9
Cybersecurity ratingCMore
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Key People/Management at MPLX

Maryann T. Mannen

Maryann T. Mannen

Director
Michael J. Hennigan

Michael J. Hennigan

Chairman, President and Chief Executive Officer
Pamela K.M. Beall

Pamela K.M. Beall

Executive Vice President and Chief Financial Officer
Dan D. Sandman

Dan D. Sandman

Director
Timothy J. Aydt

Timothy J. Aydt

Chief Commercial Officer and Executive Vice President, Pipelines, Terminals & Marine
Gregory S. Floerke

Gregory S. Floerke

Chief Operating Officer and Executive Vice President, Gathering & Processing, Trucks & Rail
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MPLX Office Locations

MPLX has offices in Findlay and Denver
Findlay, OH, US (HQ)
200 E Hardin St
Denver, CO, US
1401 Lawrence St UNIT 2300
Show all (2)

MPLX Financials and Metrics

MPLX Revenue

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MPLX's revenue was reported to be $7.57 b in FY, 2020 which is a 16.3% decrease from the previous period.
USD

Revenue (Q2, 2021)

2.4b

Gross profit (Q2, 2021)

1.8b

Gross profit margin (Q2, 2021), %

73.7%

Net income (Q2, 2021)

706.0m

EBIT (Q2, 2021)

931.0m

Market capitalization (12-Nov-2021)

31.8b

Closing stock price (12-Nov-2021)

30.9

Cash (30-Jun-2021)

8.0m

EV

51.5b
MPLX's current market capitalization is $31.8 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

6.4b9.0b7.6b

Revenue growth, %

41%(16%)

Cost of goods sold

1.8b2.2b1.9b

Gross profit

4.6b6.9b5.7b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Revenue

1.6b1.6b2.3b992.0m2.1b2.2b2.3b2.4b

Cost of goods sold

404.0m399.0m536.0m503.0m402.0m475.0m549.0m631.0m

Gross profit

1.2b1.2b1.7b489.0m1.7b1.8b1.8b1.8b

Gross profit Margin, %

75%76%76%49%81%79%77%74%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

68.0m15.0m15.0m

Accounts Receivable

706.0m593.0m452.0m

Inventories

77.0m110.0m118.0m

Current Assets

897.0m1.5b1.5b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Cash

93.0m7.0m41.0m57.0m67.0m28.0m24.0m8.0m

Accounts Receivable

365.0m335.0m570.0m522.0m562.0m477.0m523.0m538.0m

Inventories

74.0m77.0m104.0m105.0m115.0m117.0m128.0m126.0m

Current Assets

952.0m786.0m1.4b1.3b1.4b1.3b1.4b1.3b
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

1.8b1.5b(687.0m)

Depreciation and Amortization

766.0m1.3b1.4b

Inventories

(5.0m)(9.0m)(12.0m)

Accounts Payable

100.0m(59.0m)36.0m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Net Income

509.0m997.0m2.0b(2.7b)(2.1b)(1.4b)748.0m1.5b

Depreciation and Amortization

211.0m425.0m916.0m325.0m646.0m992.0m329.0m647.0m

Inventories

3.0m1.0m(3.0m)3.0m(7.0m)(8.0m)(11.0m)(8.0m)

Accounts Payable

(78.0m)(76.0m)(81.0m)(142.0m)(102.0m)(27.0m)26.0m77.0m
USDFY, 2018

EV/EBIT

15 x

EV/CFO

13.3 x

Debt/Equity

2 x

Debt/Assets

0.6 x

Financial Leverage

3.3 x

P/E Ratio

13.2
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MPLX Operating Metrics

FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021Q3, 2021

Terminal Throughput, mbpd

3.15 k1.43 k1.51 k3.29 k3.28 k3 k2.42 k2.7 k2.67 k22.99 k

Natural Gas Throughput (Gas Processing Complexes), Bcf/d

5.517.87.838.86.798.798.488.516.548.378.37

Utilization (Gas Processing Complexes)

79%76%72%

Natural Gas Gathering Systems Throughput, Bcf/d

2.724.974.956.283.695.755.495.43.435.085.08
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MPLX Acquisitions / Subsidiaries

Company NameDateDeal Size
Andeavor Logistics LPMay 08, 2019$9 b
MarkWest Energy Partners, L.P.July 13, 2015$15.63 b
Andeavor Field Services LLC
Andeavor Gathering I LLC
Andeavor Logistics CD LLC
Andeavor Logistics GP LLC
Andeavor Logistics Rio Pipeline LLC
Andeavor Midstream Partners GP LLC
Andeavor Midstream Partners LP
Andeavor Midstream Partners Operating LLC
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MPLX Revenue Breakdown

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MPLX revenue breakdown by business segment: 42.9% from Gathering and Processing (G&P) and 57.1% from Logistics and Storage (L&S)

MPLX Cybersecurity Score

Cybersecurity ratingPremium dataset

C

75/100

SecurityScorecard logo

MPLX Online and Social Media Presence

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MPLX News and Updates

MPLX LP Announces Binding Open Season For Tesoro High Plains Pipeline Company LLC

FINDLAY, Ohio, Nov. 16, 2021 /PRNewswire/ -- MPLX announced today that its subsidiary, Tesoro High Plains Pipeline Company LLC ("THPP"), has launched a binding open season to assess shipper interest in obtaining firm service on new expansion capacity on the Connolly Gathering System...

MPLX LP to Report Third-Quarter Financial Results November 2, 2021

FINDLAY, Ohio, Sept. 22, 2021 /PRNewswire/ -- MPLX LP (NYSE: MPLX), a master limited partnership sponsored by Marathon Petroleum Corp. (NYSE: MPC), will host a conference call on Tuesday, November 2, 2021, at 9:30 a.m. EDT to discuss 2021 third-quarter financial results. Interested...

MPLX LP Announces Retirement of Pamela K.M. Beall; John J. Quaid Named Executive Vice President and Chief Financial Officer of MPLX GP LLC

FINDLAY, Ohio, Aug. 4, 2021 /PRNewswire/ -- MPLX LP (NYSE: MPLX) today announced that Pamela K.M. Beall, Executive Vice President and Chief Financial Officer of MPLX GP LLC, will retire later this year after more than 25 years of service with sponsor Marathon Petroleum (NYSE: MPC) and...

MPLX LP Reports Second-Quarter 2021 Financial Results

FINDLAY, Ohio, Aug. 4, 2021 /PRNewswire/ -- Reported net income attributable to MPLX of $706 million and adjusted EBITDA attributable to MPLX of $1.4 billion Generated $1.4 billion in net cash provided by operating activities Returned nearly $900 million in capital to unitholders through...

MPLX LP Reports First-Quarter 2021 Financial Results

FINDLAY, Ohio, May 4, 2021 /PRNewswire/ -- Reported net income attributable to MPLX of $739 million and adjusted EBITDA attributable to MPLX of $1.4 billion Generated $1.1 billion in net cash provided by operating activities and continued progress on reductions in capital spending and...

MPLX LP to Announce 2021 First-Quarter Financial Results May 4

FINDLAY, Ohio, March 18, 2021 /PRNewswire/ -- MPLX LP (NYSE: MPLX) a master limited partnership sponsored by Marathon Petroleum Corp. (NYSE: MPC), will host a conference call with analysts on Tuesday, May 4, 2021, at 9:30 a.m. EDT to discuss 2021 first-quarter financial results, which...
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MPLX Frequently Asked Questions

  • When was MPLX founded?

    MPLX was founded in 2012.

  • Who are MPLX key executives?

    MPLX's key executives are Maryann T. Mannen, Michael J. Hennigan and Pamela K.M. Beall.

  • How many employees does MPLX have?

    MPLX has 6,200 employees.

  • What is MPLX revenue?

    Latest MPLX annual revenue is $7.6 b.

  • What is MPLX revenue per employee?

    Latest MPLX revenue per employee is $1.2 m.

  • Who are MPLX competitors?

    Competitors of MPLX include American Midstream Partners, Magellan Midstream Partners and Energy Transfer Operating.

  • Where is MPLX headquarters?

    MPLX headquarters is located at 200 E Hardin St, Findlay.

  • Where are MPLX offices?

    MPLX has offices in Findlay and Denver.

  • How many offices does MPLX have?

    MPLX has 2 offices.