Market Summary
USD34.45-0.04
Market Closed-0.12%
MPLX Stock Price
MPLX RSI Chart
MPLX Valuation
MPLX Price/Sales (Trailing)
MPLX Profitability
MPLX Fundamentals
MPLX Revenue
MPLX Earnings
Price Action
52 Week Range
26.2535.37
(Low)(High)
Last 7 days
1.3%
Last 30 days
-0.1%
Last 90 days
4.9%
Trailing 12 Months
10.9%
MPLX Financial Health
MPLX Investor Care
Peers (Alternatives to MPLX)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
ENB | 77.3B | 53.3B | 0.37% | -13.31% | 25.73 | 1.45 | 13.25% | -51.48% |
ET | 40.6B | 89.9B | -2.50% | 21.06% | 8.97 | 1.48 | 33.31% | -13.05% |
KMI | 39.4B | 19.2B | 1.45% | -3.05% | 15.45 | 2.05 | 15.59% | 42.83% |
MPLX | 34.6B | 11.6B | -0.09% | 10.92% | 8.76 | 2.98 | 15.82% | 28.18% |
MMP | 11.1B | 3.2B | 2.40% | 17.50% | 10.73 | 3.47 | 17.10% | 5.54% |
| MID-CAP | ||||||||
PAA | 8.7B | 57.3B | -5.17% | 22.89% | 8.4 | 0.15 | 36.28% | 74.87% |
SHLX | 6.2B | 497.0M | -0.06% | 40.52% | 11.59 | 12.52 | -5.69% | -8.83% |
PAGP | 2.4B | 57.3B | -4.93% | 20.13% | 21.35 | 0.04 | 36.28% | 180.00% |
HEP | 2.4B | 547.5M | -3.23% | 4.11% | 11.92 | 4.83 | 10.71% | 0.85% |
DKL | 2.1B | 1.0B | -4.99% | 13.90% | 12.97 | 1.99 | 47.87% | -3.50% |
| SMALL-CAP | ||||||||
NS | 1.7B | 226.0M | -0.51% | 17.39% | 7.75 | 7.63 | 436.62% | 482.73% |
PBFX | 1.2B | 361.7M | -5.36% | 88.83% | 8.18 | 3.45 | 1.81% | 7.56% |
SMLP | 202.8M | 369.6M | -6.46% | 3.16% | -1.71 | 0.51 | -7.74% | -284.00% |
BKEP | 193.9M | 118.6M | 1.54% | 47.16% | 5.61 | 1.64 | 4.33% | -53.34% |
Financials for MPLX
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | -0.6% | 11,613 | 11,685 | 10,843 | 10,298 | 10,027 |
| S&GA Expenses | -1.9% | 335 | 341 | 349 | 353 | - |
| Costs and Expenses | -1.1% | 6,702 | 6,778 | 6,579 | 6,220 | 6,035 |
| EBITDA | -0.2% | 4,813 | 4,825 | 4,162 | 5,352 | - |
| EBITDA Margin | 0.4% | 0.41* | 0.41* | 0.38* | 0.52* | - |
| Earnings Before Taxes | -0.3% | 3,986 | 3,998 | 3,371 | 3,202 | 3,113 |
| EBT Margin | 0.3% | 0.34* | 0.34* | 0.31* | 0.31* | - |
| Interest Expenses | 4.6% | 827 | 791 | 794 | 812 | - |
| Net Income | -0.4% | 3,944 | 3,958 | 3,332 | 3,163 | 3,077 |
| Net Income Margin | 0.3% | 0.34* | 0.34* | 0.31* | 0.31* | - |
| Free Cahsflow | 0.3% | 4,213 | 4,201 | 4,446 | 4,340 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | -0.4% | 35,665 | 35,812 | 35,788 | 35,727 | 35,507 |
| Current Assets | -2.4% | 1,905 | 1,951 | 2,018 | 1,798 | 1,507 |
| Cash Equivalents | 96.7% | 238 | 121 | 298 | 42.00 | 13.00 |
| Net PPE | -0.6% | 19,912 | 20,042 | - | - | - |
| Goodwill | 0% | 7,645 | 7,645 | 7,645 | 7,657 | 7,657 |
| Liabilities | -0.1% | 22,151 | 22,169 | 22,679 | 22,726 | 22,490 |
| Current Liabilities | -3.9% | 2,401 | 2,499 | 2,741 | 2,858 | 3,348 |
| Long Term Debt | 0.1% | 18,808 | 18,797 | 18,775 | 18,757 | 18,072 |
| Accumulated Depreciation | - | 6,504 | - | - | - | - |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | 2.6% | 5,019 | 4,891 | 5,034 | 4,912 | 4,911 |
| Cashflow From Investing | -17.0% | -956 | -817 | -684 | -704 | -518 |
| Cashflow From Financing | 3.9% | -3,838 | -3,992 | -4,060 | -4,190 | -4,395 |
| Buy Backs | 2.3% | 491 | 480 | 455 | 575 | 630 |
Risks for MPLX
What is the probability of a big loss on MPLX?
36.9%
Probability that MPLX stock will be more than 20% underwater in next one year
20.4%
Probability that MPLX stock will be more than 30% underwater in next one year.
20%
Probability that MPLX stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does MPLX drawdown profile look like?
Y-axis is the maximum loss one would have experienced if MPLX was unfortunately bought at previous high price.
Drawdowns
Returns for MPLX
Cumulative Returns on MPLX
6.4%
10-Year Cumulative Returns
12.3%
7-Year Cumulative Returns
11.2%
5-Year Cumulative Returns
59.9%
3-Year Cumulative Returns
What are the long-term rolling returns for MPLX?
FIve years rolling returns for MPLX.
Annualized Returns
Which funds bought or sold MPLX recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-03-17 | American Portfolios Advisors | reduced | -8.21 | -12,349 | 211,982 | 0.01% |
2023-03-15 | B. Riley Wealth Advisors, Inc. | added | 2.04 | 392,663 | 3,766,660 | 0.11% |
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | reduced | -0.05 | 103,231 | 1,207,230 | -% |
2023-03-10 | MATHER GROUP, LLC. | new | - | 234,182 | 234,182 | -% |
2023-03-06 | Rockefeller Capital Management L.P. | added | 6.74 | 638,000 | 4,433,000 | 0.02% |
2023-02-24 | NATIXIS | added | 111 | 41,556,900 | 73,120,900 | 0.41% |
2023-02-22 | Kovack Advisors, Inc. | added | 18.08 | 122,351 | 541,351 | 0.08% |
2023-02-21 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | added | 21.13 | 141,784 | 573,784 | -% |
2023-02-17 | Coppell Advisory Solutions Corp. | new | - | 22,432 | 22,432 | 0.01% |
2023-02-17 | Compass Wealth Management LLC | new | - | 41,050 | 41,050 | 0.01% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
MPLX News
Schedule 13G FIlings of MPLX
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 09, 2023 | blackstone group management l.l.c. | 5.0% | 50,516,528 | SC 13G/A | |
| Feb 11, 2022 | blackstone group management l.l.c. | 6.5% | 66,127,749 | SC 13G/A | |
| Sep 22, 2021 | marathon petroleum corp | 63.3% | 647,415,452 | SC 13D/A | |
| Feb 16, 2021 | blackstone group management l.l.c. | 6.5% | 67,919,543 | SC 13G/A | |
| Jan 05, 2021 | marathon petroleum corp | 62.3% | 647,415,452 | SC 13D/A | |
| Aug 04, 2020 | marathon petroleum corp | 62.2% | 647,415,452 | SC 13D/A | |
| Jul 16, 2020 | blackstone group management l.l.c. | 5.0% | 53,430,949 | SC 13G |
MPLX Fair Value
Recent SEC filings of MPLX
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Mar 03, 2023 | 4 | Insider Trading | |
| Mar 03, 2023 | 4 | Insider Trading | |
| Mar 03, 2023 | 4 | Insider Trading | |
| Mar 03, 2023 | 4 | Insider Trading | |
| Mar 03, 2023 | 4 | Insider Trading | |
| Mar 03, 2023 | 4 | Insider Trading | |
| Feb 23, 2023 | 10-K | Annual Report | |
| Feb 16, 2023 | 4 | Insider Trading | |
| Feb 16, 2023 | 4 | Insider Trading | |
| Feb 16, 2023 | 4 | Insider Trading |
Latest Insider Trading transactions for MPLX
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-03-01 | Gagle Suzanne | acquired | - | - | 13,853 | general counsel |
2023-03-01 | Gagle Suzanne | sold (taxes) | -210,245 | 34.54 | -6,087 | general counsel |
2023-03-01 | Mannen Maryann T. | sold (taxes) | -263,747 | 34.54 | -7,636 | - |
2023-03-01 | Hennigan Michael J | acquired | - | - | 77,345 | president & ceo |
2023-03-01 | Hennigan Michael J | sold (taxes) | -876,038 | 34.54 | -25,363 | president & ceo |
2023-03-01 | Quaid John J | acquired | - | - | 8,658 | exec vp and cfo |
2023-03-01 | Mannen Maryann T. | acquired | - | - | 25,974 | - |
2023-03-01 | Quaid John J | sold (taxes) | -97,955 | 34.54 | -2,836 | exec vp and cfo |
2023-03-01 | Floerke Gregory Scott | sold (taxes) | -103,171 | 34.54 | -2,987 | exec. vp and coo |
2023-03-01 | Floerke Gregory Scott | acquired | - | - | 7,504 | exec. vp and coo |
MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. 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; gathering, storage, transportation, and distribution of crude oil and refined products, as well as other hydrocarbon-based products; and sale of residue gas and condensate. It also engages in the inland marine businesses comprising transportation of light products, heavy oils, crude oil, renewable fuels, chemicals, and feedstocks in the Mid-Continent and Gulf Coast regions, as well as owns and operates boats and barges, including third-party chartered equipment, and 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, the company operates terminal facilities for the receipt, storage, blending, additization, handling, and redelivery of refined petroleum products located through the pipeline, rail, marine, and over-the-road modes of 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.
MPLX Income Statement
2022-12-31Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions | 12 Months Ended | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | ||||||||||
| Revenues and other income: | ||||||||||||
| Operating Lease, Lease Income | $ 327 | $ 376 | $ 398 | |||||||||
| Operating Lease, Lease Income, Related Party | 763 | 743 | 952 | |||||||||
| Sales-type Lease, Revenue | 62 | 0 | 0 | |||||||||
| Sales-type lease revenue, related parties | 465 | 435 | 152 | |||||||||
| Income (Loss) from Equity Method Investments | 476 | 321 | [1] | (936) | [1] | |||||||
| Other Income | 485 | [2] | 21 | 5 | ||||||||
| Related Party Transaction, Other Revenues from Transactions with Related Party | 111 | 110 | 102 | |||||||||
| Revenues, Total | 11,613 | 10,027 | 7,569 | |||||||||
| Costs and expenses: | ||||||||||||
| Costs and Expenses, Related Party | 1,413 | 1,219 | 1,116 | |||||||||
| Cost, Depreciation and Amortization | 1,230 | 1,287 | 1,377 | |||||||||
| Goodwill and Intangible Asset Impairment | 0 | 42 | 2,165 | |||||||||
| General and Administrative Expense | 335 | 353 | 378 | |||||||||
| Restructuring Charges | 0 | 0 | 37 | |||||||||
| Taxes, Miscellaneous | 115 | 120 | 125 | |||||||||
| Costs and Expenses, Total | 6,702 | 6,035 | 7,358 | |||||||||
| Operating Income (Loss), Total | 4,911 | 3,992 | 211 | |||||||||
| Interest Expense, Related Party | 5 | 8 | 5 | |||||||||
| Interest expense | 843 | 785 | 829 | |||||||||
| Interest Expense, Other | 77 | 86 | 62 | |||||||||
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total | 3,986 | 3,113 | (685) | |||||||||
| Income Tax Expense (Benefit) | 8 | 1 | 2 | |||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest, Total | 3,978 | 3,112 | (687) | |||||||||
| Net Income (Loss) Attributable to Noncontrolling Interest | 34 | 35 | 33 | |||||||||
| Net Income (Loss) Attributable to Parent, Total | 3,944 | [3] | 3,077 | (720) | ||||||||
| Net Income (Loss) Allocated to Limited Partners | $ 3,815 | $ 2,936 | $ (842) | |||||||||
| Net Income Attributable To Parent Company Per Limited Partner Unit Basic And Diluted [Abstract] | ||||||||||||
| Common - basic (in USD per unit) | $ 3.75 | $ 2.86 | $ (0.80) | |||||||||
| Common - diluted (in USD per unit) | $ 3.75 | $ 2.86 | $ (0.80) | |||||||||
| Limited Partners' Capital Account [Abstract] | ||||||||||||
| Common - basic (in units) | 1,010 | 1,027 | 1,051 | |||||||||
| Common - diluted (in units) | 1,010 | 1,027 | 1,051 | |||||||||
| Other VIEs and Non-VIEs [Member] | ||||||||||||
| Revenues and other income: | ||||||||||||
| Revenues, Total | $ 2,653 | $ 2,056 | $ 1,506 | |||||||||
| Costs and expenses: | ||||||||||||
| Costs and Expenses, Total | 1,251 | 1,058 | 945 | |||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest, Total | $ 1,246 | $ 860 | $ 440 | |||||||||
| Limited Partners Common Units | ||||||||||||
| Net Income Attributable To Parent Company Per Limited Partner Unit Basic And Diluted [Abstract] | ||||||||||||
| Common - basic (in USD per unit) | $ 3.75 | $ 2.86 | $ (0.80) | |||||||||
| Common - diluted (in USD per unit) | $ 3.75 | $ 2.86 | $ (0.80) | |||||||||
| Limited Partners' Capital Account [Abstract] | ||||||||||||
| Common - basic (in units) | 1,010 | 1,027 | 1,051 | |||||||||
| Common - diluted (in units) | 1,010 | 1,027 | 1,051 | |||||||||
| Third Party | ||||||||||||
| Revenues and other income: | ||||||||||||
| Sales-type Lease, Revenue | $ 62 | $ 0 | $ 0 | |||||||||
| Costs and expenses: | ||||||||||||
| Direct Costs of Leased and Rented Property or Equipment | 123 | 136 | 135 | |||||||||
| Affiliated Entity | ||||||||||||
| Costs and expenses: | ||||||||||||
| Direct costs of leased and rented property or equipment, related parties | 54 | 109 | 160 | |||||||||
| Service [Member] | ||||||||||||
| Revenues and other income: | ||||||||||||
| Revenue from Contract with Customer, Excluding Assessed Tax | 2,359 | 2,313 | 2,397 | |||||||||
| Revenue from Contract with Customer, Excluding Assessed Tax, Related Parties | 3,754 | 3,628 | 3,580 | |||||||||
| Product [Member] | ||||||||||||
| Revenues and other income: | ||||||||||||
| Revenue from Contract with Customer, Excluding Assessed Tax | 2,219 | 1,590 | 636 | |||||||||
| Revenue from Contract with Customer, Excluding Assessed Tax, Related Parties | 198 | 145 | 128 | |||||||||
| Product [Member] | Third Party | ||||||||||||
| Revenues and other income: | ||||||||||||
| Revenue from Contract with Customer, Excluding Assessed Tax | 2,219 | 1,590 | 636 | |||||||||
| Oil and Gas, Refining and Marketing [Member] | ||||||||||||
| Costs and expenses: | ||||||||||||
| Cost of Goods and Services Sold | 1,369 | 1,184 | 1,326 | |||||||||
| Natural Gas, Midstream [Member] | ||||||||||||
| Costs and expenses: | ||||||||||||
| Cost of Goods and Services Sold | 2,063 | 1,585 | 539 | |||||||||
| Service, Other [Member] | ||||||||||||
| Revenues and other income: | ||||||||||||
| Revenue from Contract with Customer, Excluding Assessed Tax | 394 | 345 | 155 | |||||||||
| Series A Preferred Stock [Member] | ||||||||||||
| Costs and expenses: | ||||||||||||
| Preferred Stock Dividends, Income Statement Impact | 88 | 100 | 81 | |||||||||
| Series B Preferred Stock [Member] | ||||||||||||
| Costs and expenses: | ||||||||||||
| Preferred Stock Dividends, Income Statement Impact | $ 41 | $ 41 | $ 41 | |||||||||
| ||||||||||||
MPLX Balance Sheet
2022-12-31Consolidated Balance Sheets - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
|---|---|---|
| Assets, Current [Abstract] | ||
| Cash and Cash Equivalents, at Carrying Value | $ 238 | $ 13 |
| Accounts Receivable, after Allowance for Credit Loss, Current | 737 | 654 |
| Due from Related Parties, Current | 729 | 644 |
| Inventory, Gross | 148 | 142 |
| Assets, Current, Total | 1,905 | 1,507 |
| Equity Method Investments | 4,095 | 3,981 |
| Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization | 18,848 | 20,042 |
| Intangible Assets, Net (Excluding Goodwill) | 705 | 831 |
| Goodwill | 7,645 | 7,657 |
| Due from Related Parties, Noncurrent | 1,225 | 1,161 |
| Other Assets, Noncurrent | 959 | 60 |
| Assets, Total | 35,665 | 35,507 |
| Liabilities, Current [Abstract] | ||
| Accounts Payable, Current | 224 | 172 |
| Accrued Liabilities, Current | 269 | 363 |
| Due to Related Parties, Current | 343 | 1,780 |
| Accrued Property Plant and Equipment Current | 128 | 97 |
| Debt, Current | 988 | 499 |
| Interest Payable | 237 | 202 |
| Other Liabilities, Current | 166 | 176 |
| Total current liabilities | 2,401 | 3,348 |
| Deferred Revenue, Noncurrent | 219 | 383 |
| Due to Related Parties, Noncurrent | 338 | 302 |
| Long-term Debt and Lease Obligation | 18,808 | 18,072 |
| Deferred Income Tax Liabilities, Net | 13 | 10 |
| Deferred Credits and Other Liabilities, Noncurrent | 142 | 170 |
| Total liabilities | 22,151 | 22,490 |
| Commitments and contingencies (see Note 21) | ||
| Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract] | ||
| Accumulated other comprehensive loss | (8) | (17) |
| Total MPLX LP partners’ capital | 12,309 | 11,811 |
| Noncontrolling interests | 237 | 241 |
| Total equity | 12,546 | 12,052 |
| Total liabilities, preferred units and equity | 35,665 | 35,507 |
| Public | ||
| Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract] | ||
| Limited Partners' Capital Account | 8,413 | 8,579 |
| Third Party | ||
| Assets, Current [Abstract] | ||
| Other Assets, Current | 53 | 54 |
| Operating Lease, Right-of-Use Asset | 283 | 268 |
| Liabilities, Current [Abstract] | ||
| Operating Lease, Liability, Current | 46 | 59 |
| Deferred Revenue, Noncurrent | 0 | |
| Operating Lease, Liability, Noncurrent | 230 | 205 |
| Marathon Petroleum Corporation [Member] | ||
| Assets, Current [Abstract] | ||
| Operating Lease, Right-of-Use Asset | 228 | 229 |
| Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract] | ||
| Limited Partners' Capital Account, Related Party | 3,293 | 2,638 |
| Affiliated Entity | ||
| Liabilities, Current [Abstract] | ||
| Due to Related Parties, Current | 343 | 1,780 |
| Due to Related Parties, Noncurrent | 338 | 302 |
| Limited Partners Common Units | Public | ||
| Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract] | ||
| Limited Partners' Capital Account | 8,413 | 8,579 |
| Limited Partners Common Units | Marathon Petroleum Corporation [Member] | ||
| Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract] | ||
| Limited Partners' Capital Account | 3,293 | 2,638 |
| Series B Preferred Stock [Member] | ||
| Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract] | ||
| Preferred Units, Preferred Partners' Capital Accounts | 611 | 611 |
| Series A Preferred Stock [Member] | ||
| Liabilities, Current [Abstract] | ||
| Temporary Equity, Carrying Amount, Including Portion Attributable to Noncontrolling Interests | $ 968 | $ 965 |