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

MPLX Office Locations

MPLX has an office in Findlay
Findlay, US (HQ)
200 E Hardin St

MPLX Financials and Metrics

MPLX Financials

MPLX's revenue was reported to be $2.6 b in FY, 2016
USD

Revenue (Q3, 2017)

69 m

Gross profit (Q3, 2017)

(60 m)

Gross profit margin (Q3, 2017), %

(87%)

Net income (Q3, 2017)

217 m

EBIT (Q3, 2017)

311 m

Market capitalization (11-Dec-2017)

16.1 b

Cash (30-Sep-2017)

3 m

EV

22.9 b
MPLX's current market capitalization is $16.1 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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

147.6 m148.6 m70 m71 m77 m69 m70 m69 m

Cost of goods sold

31.7 m41.9 m89 m84 m90 m113 m139 m129 m

Gross profit

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

Gross profit Margin, %

79%72%(27%)(18%)(17%)(64%)(99%)(87%)
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
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

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

Inventories

45 m49 m50 m62 m62 m64 m

Current Assets

155.6 m128 m119.4 m105.5 m209.9 m214.7 m173 m429 m486 m686 m811 m843 m571 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 b
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)
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

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 m

Depreciation and Amortization

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

Inventories

(1 m)3 m4 m2 m3 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 b
Y, 2017

EV/EBIT

73.7 x

EV/CFO

17.1 x

Financial Leverage

1.9 x
Show all financial metrics

MPLX Market Value History

MPLX's Web-traffic and Trends

MPLX Company Life and Culture

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