YOLFTbeta
MPLX LP

MPLX LP

MPLX · NYSE · Energy / Oil & Gas Midstream

57.25USD+0.66 (+1.17%)

Price History

Full chart

Market Stats

Previous Close56.59
Open57.23
Day Range56.80 – 57.35
52-Week Range46.50 – 60.39
Volume1.97M
Market Cap59.75B
P/E (TTM)12.67
Forward P/E12.06
EPS4.65
Dividend Yield8.22%
Beta0.48
50-Day Avg58.31
200-Day Avg57.18

About

MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. It operates in two segments, Crude Oil and Products Logistics; and Natural Gas and NGL Services. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, storage, and marketing of natural gas liquids; gathering, storage, transportation, and distribution of crude oil and refined products, as well as other hydrocarbon-based products and renewables; and sale of residue gas and condensate. It also engages in inland marine businesses, comprising fleet of boats and barges transport light products, heavy oils, crude oil, renewable fuels, chemicals, and feedstocks in the Mid-Continent and Gulf Coast regions, as well as a marine repair facility located on the Ohio River; and distribution of fuel, as well as operates refining logistics, terminals, rail facilities, and storage caverns. In addition, it operates terminal facilities for the receipt, storage, blending, additization, handling, and redelivery of refined petroleum products through the pipeline, rail, marine, and truck transportation. MPLX GP LLC acts as the general partner of MPLX LP. The company was incorporated in 2012 and is headquartered in Findlay, Ohio. MPLX LP operates as a subsidiary of Marathon Petroleum Corporation.

Company Details

  • SectorEnergy
  • IndustryOil & Gas Midstream
  • CEOMs. Maryann T. Mannen
  • Employees0
  • Headquarters200 East Hardin Street, Findlay, OH, United States, 45840-3229, USA
  • Websitehttps://www.mplx.com

Leadership

  • Ms. Maryann T. MannenPresident, CEO & Chairman of the Board of MPLX GP LLC · b. 1963
  • Mr. Carl Kristopher HagedornExecutive VP, CFO & Director of MPLX GP LLC · b. 1976
  • Mr. Gregory Scott FloerkeExecutive VP & COO of MPLX GP LLC · b. 1963
  • Ms. Molly R. BensonChief Legal Officer & Corporate Secretary of MPLX GP LLC · b. 1967
  • Ms. Kristina Anna KazarianVice President of Finance & Investor Relations - MPLX GP LLC · b. 1983
  • Mr. Rick D. HesslingSenior Vice President of MPLX GP LLC · b. 1967
  • Mr. Brian K. ParteeSenior Vice President of MPLX GP LLC · b. 1974
  • Mr. David R. HeppnerSenior Vice President of MPLX GP LLC · b. 1967
  • Mr. Michael A. HenschenSenior Vice President of MPLX GP LLC · b. 1971
  • Ms. Kelly S. NieseVice President of Treasury - MPLX GP LLC · b. 1980

Financials

Income Statement

Currency: USD2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue395.90M396.90M442.20M463.10M520.10M1.03B3.01B3.69B6.08B8.63B8.40B9.57B10.54B10.43B10.90B11.82B
Growth (%)-+0.25%+11.41%+4.73%+12.31%+98.81%+191.10%+22.62%+64.70%+42.00%-2.71%+14.02%+10.09%-1.02%+4.50%+8.37%
Cost of Revenue259.70M228.20M257.60M279.40M293.00M580.00M1.94B2.38B3.56B4.97B4.65B5.52B6.25B5.87B6.09B6.47B
Gross Profit136.20M168.70M184.60M183.70M227.10M454.00M1.07B1.31B2.52B3.67B3.75B4.05B4.29B4.56B4.82B5.34B
Gross Margin34.40%42.50%41.75%39.67%43.66%43.91%35.58%35.49%41.45%42.47%44.59%42.35%40.69%43.73%44.18%45.23%
Operating Expense32.80M36.70M41.40M36.70M43.80M73.00M388.00M119.00M17.00M1.29B3.53B63.00M-622.00M-337.00M-471.00M583.00M
Operating Income103.40M132.00M143.20M147.00M183.30M381.00M683.00M1.19B2.50B2.38B211.00M3.99B4.91B4.90B5.29B4.76B
Operating Margin26.12%33.26%32.38%31.74%35.24%36.85%22.69%32.27%41.17%27.54%2.51%41.69%46.59%46.96%48.50%40.30%
EBITDA156.20M170.60M183.80M195.90M233.50M498.00M1.22B1.87B3.27B3.58B1.53B5.19B6.06B6.09B6.59B7.29B
EBITDA Margin39.45%42.98%41.56%42.30%44.90%48.16%40.66%50.77%53.78%41.45%18.17%54.23%57.53%58.34%60.47%61.72%
Net Income103.30M134.00M13.10M77.90M121.30M156.00M233.00M794.00M1.82B1.03B-720.00M3.08B3.94B3.93B4.32B4.91B
Net Income Margin26.09%33.76%2.96%16.82%23.32%15.09%7.74%21.51%29.91%11.97%-8.57%32.14%37.42%37.65%39.59%41.57%
R&D--0000000-------
R&D as % of Total Revenue--0.00%0.00%0.00%0.00%0.00%0.00%0.00%-------
Interest Expense0200.00K200.00K200.00K4.10M35.00M211.00M354.00M661.00M915.00M896.00M879.00M925.00M923.00M921.00M983.00M
Interest Expense % of Total Revenue0.00%0.05%0.05%0.04%0.79%3.38%7.01%9.59%10.87%10.60%10.67%9.18%8.78%8.85%8.45%8.32%

Balance Sheet

Currency: USD2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets1.12B1.30B1.30B1.21B1.21B15.68B16.65B19.50B22.78B40.43B36.41B35.51B35.66B36.53B37.51B43.01B
Total Liabilities49.80M63.90M74.50M94.40M751.00M6.41B6.33B9.53B15.91B22.85B22.43B22.49B22.15B22.95B23.50B28.48B
Total Equity1.07B1.24B691.10M646.20M1.12B9.27B10.32B9.97B6.86B17.33B13.74B12.78B13.48B13.35B13.78B14.30B
Cash200.00K100.00K216.70M54.10M31.00M43.00M234.00M5.00M68.00M15.00M15.00M13.00M238.00M1.05B1.52B2.14B
Total Debt-11.90M11.30M10.50M644.00M5.73B4.94B8.01B14.28B20.31B20.68B19.07B20.30B20.91B21.44B26.16B
Net Debt-11.80M-205.40M-43.60M613.00M5.21B4.19B6.94B13.32B20.30B20.66B19.05B20.06B19.87B19.92B24.02B

Cash Flow

Currency: USD2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow117.30M181.90M190.60M212.20M246.80M239.00M1.29B1.91B2.83B4.08B4.52B4.91B5.02B5.40B5.95B5.91B
Investing Cash Flow-64.60M-218.70M87.40M-113.60M-75.10M-1.50B-1.21B-2.31B-2.69B-3.06B-1.26B-518.00M-956.00M-1.25B-2.00B-4.86B
Financing Cash Flow-53.00M36.70M-61.40M-261.20M-198.50M1.27B115.00M171.00M-73.00M-1.09B-3.26B-4.39B-3.84B-3.33B-3.48B-435.00M
Capital Expenditure13.70M49.80M135.60M106.50M78.60M264.00M1.21B1.41B1.92B2.41B1.18B529.00M806.00M937.00M1.06B1.81B
Free Cash Flow103.60M132.10M55.00M105.70M168.20M-25.00M82.00M496.00M907.00M1.67B3.34B4.38B4.21B4.46B4.89B4.10B
Dividends Paid--262.70M77.80M103.10M137.00M974.00M3.23B6.00B3.04B3.01B3.57B3.05B3.30B3.60B4.02B
FCF to OCF88.32%72.62%28.86%49.81%68.15%-10.46%6.37%26.01%32.09%41.01%73.83%89.23%83.94%82.64%82.24%69.40%
Dividend Paid to FCF--477.64%73.60%61.30%-548.00%1187.80%651.01%661.63%181.54%90.05%81.54%72.32%73.90%73.68%98.12%

Earnings

Report DateDec 6, 2012Jan 30, 2013Apr 30, 2013Aug 1, 2013Oct 31, 2013Jan 29, 2014May 1, 2014Jul 31, 2014Oct 30, 2014Feb 4, 2015Apr 30, 2015Jul 30, 2015Oct 29, 2015Feb 3, 2016Apr 28, 2016Jul 28, 2016Oct 27, 2016Feb 1, 2017Apr 27, 2017Jul 27, 2017Oct 26, 2017Feb 1, 2018Apr 30, 2018Jul 26, 2018Nov 1, 2018Feb 7, 2019May 8, 2019Aug 1, 2019Oct 31, 2019Jan 29, 2020May 5, 2020Aug 3, 2020Nov 2, 2020Feb 2, 2021May 4, 2021Aug 4, 2021Nov 2, 2021Feb 2, 2022May 3, 2022Aug 2, 2022Nov 1, 2022Jan 31, 2023May 2, 2023Aug 1, 2023Oct 31, 2023Jan 30, 2024Apr 30, 2024Aug 6, 2024Nov 5, 2024Feb 4, 2025May 6, 2025Aug 5, 2025Nov 4, 2025Feb 3, 2026May 5, 2026Aug 4, 2026Nov 3, 2026
EPS Estimate0.210.240.270.280.320.270.340.390.390.430.510.500.580.330.200.260.240.220.190.220.280.350.450.560.580.660.580.640.650.610.540.490.580.630.610.640.700.740.760.790.830.850.830.870.930.940.970.991.031.031.151.081.091.031.081.041.11
EPS Actual0.490.780.480.260.290.270.920.370.370.380.460.500.41-0.140.100.160.210.170.190.260.290.310.610.550.620.600.610.550.610.550.640.580.630.630.670.700.740.780.780.830.880.780.910.910.960.970.981.151.011.071.101.031.521.050.901.06-
Surprise133.33%225.00%77.78%-7.14%-9.38%0.00%170.59%-5.13%-5.13%-11.63%-9.80%0.00%-29.31%-142.42%-50.00%-38.46%-12.50%-22.73%0.00%18.18%3.57%-11.43%35.56%-1.79%6.90%-9.09%5.17%-14.06%-6.15%-9.84%18.52%18.37%8.62%0.00%9.84%9.38%5.71%5.41%2.63%5.06%6.02%-8.24%9.64%4.60%3.23%3.19%1.03%16.16%-1.94%3.88%-4.35%-4.63%39.45%1.94%-16.67%1.92%-
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Key Statistics & Ratios

Market Cap59.75B
Enterprise Value84.02B
Trailing P/E12.67
Forward P/E12.06
PEG Ratio3.05
Price / Sales4.96
Price / Book4.20
EPS4.65
Book Value13.83
Revenue (TTM)12.03B
Gross Profit (TTM)6.70B
EBITDA6.11B
Profit Margin39.28%
Operating Margin38.25%
Return on Equity33.69%
Return on Assets7.25%
Shares Outstanding1.01B
Shares Float364.75M
Beta0.48
Dividend Yield8.22%
Dividend Rate4.84
Payout Ratio98.06%

Analyst Ratings

Buy
Based on 15 analystsTarget 62.92
  • Strong Buy
    4
  • Buy
    2
  • Hold
    8
  • Sell
    1

Ownership Breakdown

Institutions
19.68%
Insiders
64.03%
Retail / Other
16.29%

Top Institutional Holders

  • ALPS Advisors Inc
    28.60M2.82%
  • Amvescap Plc.
    18.27M1.80%
  • Blackstone Inc
    12.96M1.28%
  • The Goldman Sachs Group Inc
    11.33M1.12%
  • Tortoise Midstream Energy Fund, Inc.
    10.50M1.04%
  • MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.
    8.01M0.79%
  • Kayne Anderson Capital Advisors LP
    5.86M0.58%
  • Energy Income Partners, LLC
    5.38M0.53%
  • Morgan Stanley - Brokerage Accounts
    5.28M0.52%
  • UBS Group AG
    5.26M0.52%
  • Chickasaw Capital Management, LLC
    5.21M0.51%
  • FMR Inc
    3.92M0.39%
  • JPMorgan Chase & Co
    3.43M0.34%
  • Brave Warrior Advisors LLC
    3.18M0.31%

Top Fund Holders

  • Alerian MLP ETF
    29.86M2.95%
  • Invesco SteelPath MLP Income Y
    11.30M1.11%
  • Global X MLP ETF
    5.03M0.50%
  • Goldman Sachs MLP Energy Infras Instl
    3.53M0.35%
  • Tortoise Energy Infrastructure TR Ins
    3.35M0.33%
  • First Trust North Amer Engy InfrasETF
    3.06M0.30%

Dividends

20261×
1.21Nov 6, 2026