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MPLX

33.82USD-0.02(-0.06%)Market Closed

MPLX LP

Market Summary

USD33.82-0.02Market Closed
-0.06%

MPLX Alerts

MPLX Stock Price

RSI Chart

Valuation

Market Cap

33.9B

Price/Earnings

10.18

Price/Sales

3.13

Price/Cashflow

6.74

MarketCap/EBT

10.06

Price/Sales

Profitability

EBT Margin

31.09%

Return on Assets

9.31%

Fundamentals

Revenue

Revenue (TTM)

11.7B

Revenue Y/Y

32.9%

Revenue Q/Q

15.68%

Earnings

Earnings (TTM)

4.0B

Earnings Y/Y

78.05%

Earnings Q/Q

63.2%

Price Action

52 Week Range

25.3434.31
(Low)(High)

Last 7 days

0.6%

Last 30 days

1.6%

Last 90 days

6.4%

Trailing 12 Months

26.0%

Financial Health

Current Ratio

0.74

Debt/Cashflow

0.27

Investor Care

Buy Backs (1Y)

1.63%

Peers (Alternatives to MPLX)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
79.1B
52.4B
6.58% 15.54%
14.82
1.51
17.50% -3.39%
40.0B
19.0B
6.15% 28.45%
15.9
2.1
24.48% 43.39%
38.7B
81.8B
3.60% 62.62%
9.32
0.47
56.97% 1.44%
33.9B
11.7B
1.62% 25.98%
10.18
3.13
22.46% 34.72%
11.0B
3.1B
1.85% 22.97%
11.04
3.51
29.35% 11.41%
MID-CAP
9.6B
-
-2.77% 51.65%
13.05
5.47
- -
8.3B
57.4B
1.24% 40.43%
10.62
0.15
63.69% 964.35%
6.2B
553.0M
-0.06% 40.52%
11.59
11.25
4.93% -8.83%
2.4B
57.4B
3.01% 37.44%
21.35
0.04
63.69% 583.72%
2.4B
523.5M
4.12% 24.13%
11.92
4.83
3.97% -12.10%
2.4B
957.2M
-6.48% 26.07%
15.09
2.78
47.01% -3.55%
SMALL-CAP
1.8B
-
7.30% 28.17%
435.48
1.04
9.24% 5116.27%
1.4B
361.7M
-5.36% 88.83%
8.93
3.77
1.81% 7.56%
202.8M
383.1M
3.98% -33.31%
-1.71
0.51
-3.70% -259.29%
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/Q2022Q32022Q22022Q12021Q42021Q3
Revenue7.8%11,68510,84310,29810,0279,542
  S&GA Expenses-2.3%341349353356
Earnings Before Taxes18.6%3,9983,3713,2023,1132,976
Net Income18.8%3,9583,3323,1633,0772,938
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets0.1%35,81235,78835,72735,50735,699
  Current Assets-3.3%1,9512,0181,7981,5071,516
    Cash Equivalents-59.4%121298421339
  Net PPE-0.6%19,91220,04220,158--
  Goodwill0%7,6457,6457,6577,6577,657
Liabilities-2.2%22,16922,67922,72622,49022,023
  Current Liabilities-8.8%2,4992,7412,8583,3482,721
  Long Term Debt0.1%18,79718,77518,75718,07218,253
Accumulated Depreciation-6,504----
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations-2.8%4,8915,0344,9124,9114,856
  Share Based Compensation-20
Cashflow From Investing-19.4%-817.00-684.00-704.00-518.00-579.00
Cashflow From Financing1.7%-3,992.00-4,060.00-4,190.00-4,395.00-4,266.00
  Buy Backs4.3%480460580630503

Risks

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.

Returns

Cumulative Returns on MPLX

8.9%


10-Year Cumulative Returns

10.9%


7-Year Cumulative Returns

9.2%


5-Year Cumulative Returns

27.2%


3-Year Cumulative Returns

What are the long-term rolling returns for MPLX?

FIve years rolling returns for MPLX.

Which funds bought or sold MPLX recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-22
B. Riley Wealth Advisors, Inc.
ADDED
618.07
2,917,000
3,374,000
0.10%
2022-11-21
FourThought Financial, LLC
REDUCED
-1.42
10,000
666,000
0.10%
2022-11-21
Parallax Volatility Advisers, L.P.
REDUCED
-86.6
-1,876,000
300,000
-%
2022-11-17
M&T Bank Corp
REDUCED
-1.57
8,000
289,000
-%
2022-11-17
CENTRAL TRUST Co
UNCHANGED
-
2,000
44,000
-%
2022-11-16
CAPTRUST FINANCIAL ADVISORS
ADDED
22.99
270,000
1,284,000
0.01%
2022-11-16
GLENMEDE TRUST CO NA
ADDED
11.19
189,000
1,491,000
0.01%
2022-11-16
Advisors Capital Management, LLC
ADDED
2.73
861,000
5,526,000
0.15%
2022-11-15
Neuberger Berman Group LLC
REDUCED
-1.94
53,000
5,665,000
0.01%
2022-11-15
CIBC Private Wealth Group, LLC
REDUCED
-25.14
-32,675,000
109,838,000
0.30%

1–10 of 44

Latest Funds Activity

Are funds buying MPLX calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own MPLX

MPLX News

Seeking Alpha

5 Relatively Safe & Cheap Dividend Stocks To Invest In December 2022.38 hours ago

MPLX Fair Value

Recent SEC filings of MPLX

View All Filings
Date Filed Form Type Document
Nov 23, 2022
3
Insider Trading
Nov 23, 2022
4
Insider Trading
Nov 23, 2022
4
Insider Trading
Nov 23, 2022
4
Insider Trading
Nov 23, 2022
4
Insider Trading
Nov 23, 2022
4
Insider Trading
Nov 23, 2022
4
Insider Trading
Nov 16, 2022
8-K
Current Report
Nov 01, 2022
10-Q
Quarterly Report
Nov 01, 2022
8-K
Current Report

Latest Insider Trading transactions for MPLX

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-11-30
Breves Christine S
ACQUIRED
-
-
404.531
-
2022-11-22
SEMPLE FRANK M
ACQUIRED
-
-
772.9
-
2022-11-22
SANDMAN DAN D
ACQUIRED
-
-
999.66
-
2022-11-22
HELMS CHRISTOPHER A
ACQUIRED
-
-
999.66
-
2022-11-22
Peiffer Garry L.
ACQUIRED
-
-
902.523
-
2022-11-22
SURMA JOHN P
ACQUIRED
-
-
1,175.18
-
2022-11-22
STICE J MICHAEL
ACQUIRED
-
-
689.475
-
2022-08-12
HELMS CHRISTOPHER A
ACQUIRED
-
-
912.464
-
2022-08-12
SURMA JOHN P
ACQUIRED
-
-
1,072.99
-
2022-08-12
Peiffer Garry L.
ACQUIRED
-
-
821.927
-

1–10 of 50

Michael J. Hennigan
5840
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

2022-09-30
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Sales-type Lease, Revenue$ 28$ 0$ 28$ 0
Sales-type lease revenue, related parties118132343305
Operating Lease, Lease Income7588268286
Operating Lease, Lease Income, Related Party201164564574
Income from equity method investments12592335228
Other Income505[1](2)494[1]2
Related Party Transaction, Other Revenues from Transactions with Related Party28278282
Revenues3,4012,5598,9517,293
Costs and Expenses, Related Party3643071,034902
Cost, Depreciation and Amortization[2]302324925971
Asset Impairment Charges00042
General and Administrative Expense8894248267
Taxes, Miscellaneous30279793
Costs and Expenses1,7271,5285,1004,357
Interest And Other Financial Costs From Related Parties0254
Other Nonoperating Income (Expense)19215967
Interest Expense, Debt, Excluding Amortization217197627590
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent, Total1,6741,0313,8512,936
Provision for income taxes1061
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total1,4388113,1602,275
Less: Net income (loss) attributable to noncontrolling interest992627
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest, Total1,4378113,1542,274
Limited partners' interest in net income (loss) attributable to MPLX LP1,3957543,0322,137
Net income (loss) attributable to MPLX LP[3]$ 1,428[4]$ 802$ 3,128[4]$ 2,247
Net income (loss) attributable to MPLX LP per limited partner unit:    
Net Income (Loss), Per Outstanding Limited Partnership Unit, Basic, Net of Tax$ 1.36$ 0.74$ 2.97$ 2.07
Common - diluted (in USD per unit)$ 1.36$ 0.74$ 2.97$ 2.07
Weighted average limited partner units outstanding:    
Common - basic (in shares)1,0101,0241,0121,030
Common - diluted (in shares)1,0111,0251,0131,030
Third Party [Member]    
Direct Costs of Leased and Rented Property or Equipment$ 22$ 33$ 101$ 97
Service [Member]    
Total revenues from contracts with customers6276001,7581,767
Revenue from Contract with Customer, Excluding Assessed Tax, Related Parties9489022,8012,681
Service [Member] | Third Party [Member]    
Total revenues from contracts with customers6276001,7581,767
Service, Other [Member]    
Total revenues from contracts with customers8382324235
Product [Member]    
Total revenues from contracts with customers6174481,8121,034
Revenue from Contract with Customer, Excluding Assessed Tax, Related Parties462614299
Product [Member] | Third Party [Member]    
Total revenues from contracts with customers6174481,8121,034
Oil and Gas, Refining and Marketing [Member]    
Cost of Goods and Services Sold371298981864
Natural Gas, Midstream [Member]    
Cost of Goods and Services Sold5404211,6701,035
Series A Preferred Stock [Member]    
Dividends, Preferred Stock23386579
Series A Preferred Stock [Member] | Preferred Partner [Member]    
Net income (loss) attributable to MPLX LP[3]41[4]3889[4]79
Series B Preferred Stock [Member]    
Dividends, Preferred Stock10103131
Series B Preferred Stock [Member] | Preferred Partner [Member]    
Net income (loss) attributable to MPLX LP[3]10[4]1031[4]31
Affiliated Entity    
Direct costs of leased and rented property or equipment, related parties$ 10$ 24$ 44$ 86
[1]The three and nine months ended September 30, 2022 include a $509 million non-cash gain on a lease reclassification. See Note 14 for additional information.
[2]Depreciation and amortization attributable to L&S was $128 million and $387 million for the three and nine months ended September 30, 2022, respectively, and $131 million and $414 million for the three and nine months ended September 30, 2021, respectively. Depreciation and amortization attributable to G&P was $174 million and $538 million for the three and nine months ended September 30, 2022, respectively, and $193 million and $557 million for the three and nine months ended September 30, 2021, respectively. (2)    Includes unrealized derivative gain/ (loss), non-cash equity-based compensation, and other miscellaneous items.
[3]Allocation of net income attributable to MPLX LP assumes all earnings for the period had been distributed based on the distribution priorities applicable to the period.
[4]The three and nine months ended September 30, 2022 include a $509 million non-cash gain on a lease reclassification. See Note 14 for additional information.

MPLX Balance Sheet

2022-09-30
Consolidated Balance Sheets - USD ($)
shares in Millions, $ in Millions
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2022
Aug. 01, 2022
Jul. 31, 2022
Dec. 31, 2021
Apr. 30, 2021
Assets      
Cash and cash equivalents$ 121$ 121  $ 13 
Receivables, net941941  654 
Inventories151151  142 
Total current assets1,9511,951  1,507 
Equity method investments4,1084,108  3,981 
Property, plant and equipment, net18,91018,910  20,042 
Intangibles, net736736  831 
Goodwill7,6457,645  7,657 
Due from Related Parties, Noncurrent1,2221,222  1,161 
Other noncurrent assets952952  60 
Total assets35,81235,812  35,507 
Liabilities      
Accounts Payable, Current289289  172 
Accrued Liabilities, Current300300  363 
Accrued Property Plant and Equipment Current111111  97 
Long-term Debt and Lease Obligation, Current982982  499 
Interest Payable, Current192192  202 
Other current liabilities217217  176 
Total current liabilities2,4992,499  3,348 
Long-term deferred revenue170170  383 
Long-term debt18,79718,797  18,072 
Deferred Income Taxes and Other Tax Liabilities, Noncurrent1414  10 
Other long-term liabilities130130  170 
Total liabilities22,16922,169  22,490 
Commitments and contingencies (see Note 15)   
Equity      
Accumulated other comprehensive loss(8)(8)  (17) 
Total MPLX LP partners’ capital12,43812,438  11,811 
Noncontrolling interests238238  241 
Total equity12,67612,676  12,052 
Total liabilities, preferred units and equity35,81235,812  35,507 
Partners' Capital Account, Contributions55     
Sales-type Lease, Selling Profit (Loss)509509    
Third Party [Member]      
Assets      
Other current assets4040  54 
Property, plant and equipment, net   $ 745  
Operating Lease, Right-of-Use Asset288288  268 
Liabilities      
Operating Lease, Liability, Current4444  59 
Long-term deferred revenue   $ 277  
Operating Lease, Liability, Noncurrent241241  205 
Equity      
Sales-type Lease, Selling Profit (Loss)[1]509509    
Public [Member]      
Equity      
Limited Partners' Capital Account8,5698,569  8,579 
Marathon Petroleum Corporation [Member]      
Liabilities      
Limited Partners' Capital Account, Related Party3,2763,276  2,638 
Affiliated Entity      
Assets      
Current Assets, Related Parties698698  644 
Property, plant and equipment, net  $ 42  $ 421
Liabilities      
Due to Related Parties, Current364364  1,780 
Long-term deferred revenue  $ 0  $ 0
Liabilities, Related Parties, Noncurrent$ 318$ 318  $ 302 
Limited Partners Common Units [Member] | Public [Member]      
Liabilities      
Units issued359.0359.0  369.0 
Units Outstanding359.0359.0  369.0 
Equity      
Limited Partners' Capital Account$ 8,569$ 8,569  $ 8,579 
Partners' Capital Account, Contributions$ 0     
Limited Partners Common Units [Member] | Marathon Petroleum Corporation [Member]      
Liabilities      
Units issued647.0647.0  647.0 
Units Outstanding647.0647.0  647.0 
Equity      
Limited Partners' Capital Account$ 3,276$ 3,276  $ 2,638 
Partners' Capital Account, Contributions55     
Limited Partners Common Units [Member] | Marathon Petroleum Corporation [Member] | Gain (loss) on sales-type lease      
Equity      
Partners' Capital Account, Contributions[2]4343    
Series A Preferred Stock [Member]      
Liabilities      
Series A preferred units (30 million and 30 million units issued and outstanding)967$ 967  $ 965 
Equity      
Partners' Capital Account, Contributions$ 0     
Series B Preferred Stock [Member]      
Liabilities      
Preferred Units, Issued0.60.6  0.6 
Preferred Units, Outstanding0.60.6  0.6 
Equity      
Preferred Units, Preferred Partners' Capital Accounts$ 601$ 601  $ 611 
Partners' Capital Account, Contributions$ 0     
Series A Convertible Preferred Units      
Liabilities      
Preferred Units, Issued30.030.0  30.0 
Preferred Units, Outstanding30.030.0  30.0 
[1]The amount recognized on commencement date was recorded as a gain in Other income in the Consolidated Statements of Income.
[2]The amount recognized on commencement date was recorded as a Contribution from MPC in the Consolidated Statements of Equity given the underlying agreements are between entities under common control