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MPLX LP Stock Research

MPLX

34.45USD-0.04(-0.12%)Market Closed

Market Summary

USD34.45-0.04
Market Closed
-0.12%

MPLX Stock Price

MPLX RSI Chart

MPLX Valuation

Market Cap

34.6B

Price/Earnings (Trailing)

8.76

Price/Sales (Trailing)

2.98

EV/EBITDA

11.04

Price/Free Cashflow

8.2

MPLX Price/Sales (Trailing)

MPLX Profitability

EBT Margin

34.32%

Return on Assets

11.06%

Free Cashflow Yield

12.19%

MPLX Fundamentals

MPLX Revenue

Revenue (TTM)

11.6B

Revenue Y/Y

-2.63%

Revenue Q/Q

-21.73%

MPLX Earnings

Earnings (TTM)

3.9B

Earnings Y/Y

-1.69%

Earnings Q/Q

-42.86%

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

Current Ratio

0.79

Debt/Cashflow

0.27

MPLX 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
77.3B
53.3B
0.37% -13.31%
25.73
1.45
13.25% -51.48%
40.6B
89.9B
-2.50% 21.06%
8.97
1.48
33.31% -13.05%
39.4B
19.2B
1.45% -3.05%
15.45
2.05
15.59% 42.83%
34.6B
11.6B
-0.09% 10.92%
8.76
2.98
15.82% 28.18%
11.1B
3.2B
2.40% 17.50%
10.73
3.47
17.10% 5.54%
MID-CAP
8.7B
57.3B
-5.17% 22.89%
8.4
0.15
36.28% 74.87%
6.2B
497.0M
-0.06% 40.52%
11.59
12.52
-5.69% -8.83%
2.4B
57.3B
-4.93% 20.13%
21.35
0.04
36.28% 180.00%
2.4B
547.5M
-3.23% 4.11%
11.92
4.83
10.71% 0.85%
2.1B
1.0B
-4.99% 13.90%
12.97
1.99
47.87% -3.50%
SMALL-CAP
1.7B
226.0M
-0.51% 17.39%
7.75
7.63
436.62% 482.73%
1.2B
361.7M
-5.36% 88.83%
8.18
3.45
1.81% 7.56%
202.8M
369.6M
-6.46% 3.16%
-1.71
0.51
-7.74% -284.00%
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)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue-0.6%11,61311,68510,84310,29810,027
  S&GA Expenses-1.9%335341349353-
Costs and Expenses-1.1%6,7026,7786,5796,2206,035
EBITDA-0.2%4,8134,8254,1625,352-
EBITDA Margin0.4%0.41*0.41*0.38*0.52*-
Earnings Before Taxes-0.3%3,9863,9983,3713,2023,113
EBT Margin0.3%0.34*0.34*0.31*0.31*-
Interest Expenses4.6%827791794812-
Net Income-0.4%3,9443,9583,3323,1633,077
Net Income Margin0.3%0.34*0.34*0.31*0.31*-
Free Cahsflow0.3%4,2134,2014,4464,340-
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets-0.4%35,66535,81235,78835,72735,507
  Current Assets-2.4%1,9051,9512,0181,7981,507
    Cash Equivalents96.7%23812129842.0013.00
  Net PPE-0.6%19,91220,042---
  Goodwill0%7,6457,6457,6457,6577,657
Liabilities-0.1%22,15122,16922,67922,72622,490
  Current Liabilities-3.9%2,4012,4992,7412,8583,348
  Long Term Debt0.1%18,80818,79718,77518,75718,072
Accumulated Depreciation-6,504----
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations2.6%5,0194,8915,0344,9124,911
Cashflow From Investing-17.0%-956-817-684-704-518
Cashflow From Financing3.9%-3,838-3,992-4,060-4,190-4,395
  Buy Backs2.3%491480455575630

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 ascendingFund NameType% 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%

1–10 of 43

Latest Funds Activity

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

MPLX News

MarketBeat

Royal Harbor Partners LLC Purchases Shares of 6193 Mplx Lp ....

MarketBeat,
10 hours ago

Odessa American

Value the Markets

Zacks Investment Research

Schedule 13G FIlings of MPLX

Date FiledName of FilerPercent of ClassNo. of SharesForm 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 ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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

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

2022-12-31
Consolidated 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 Party763743952
Sales-type Lease, Revenue6200
Sales-type lease revenue, related parties465435152
Income (Loss) from Equity Method Investments476321[1](936)[1]
Other Income485[2]215
Related Party Transaction, Other Revenues from Transactions with Related Party111110102
Revenues, Total11,61310,0277,569
Costs and expenses:   
Costs and Expenses, Related Party1,4131,2191,116
Cost, Depreciation and Amortization1,2301,2871,377
Goodwill and Intangible Asset Impairment0422,165
General and Administrative Expense335353378
Restructuring Charges0037
Taxes, Miscellaneous115120125
Costs and Expenses, Total6,7026,0357,358
Operating Income (Loss), Total4,9113,992211
Interest Expense, Related Party585
Interest expense843785829
Interest Expense, Other778662
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total3,9863,113(685)
Income Tax Expense (Benefit)812
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest, Total3,9783,112(687)
Net Income (Loss) Attributable to Noncontrolling Interest343533
Net Income (Loss) Attributable to Parent, Total3,944[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)1,0101,0271,051
Common - diluted (in units)1,0101,0271,051
Other VIEs and Non-VIEs [Member]   
Revenues and other income:   
Revenues, Total$ 2,653$ 2,056$ 1,506
Costs and expenses:   
Costs and Expenses, Total1,2511,058945
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)1,0101,0271,051
Common - diluted (in units)1,0101,0271,051
Third Party   
Revenues and other income:   
Sales-type Lease, Revenue$ 62$ 0$ 0
Costs and expenses:   
Direct Costs of Leased and Rented Property or Equipment123136135
Affiliated Entity   
Costs and expenses:   
Direct costs of leased and rented property or equipment, related parties54109160
Service [Member]   
Revenues and other income:   
Revenue from Contract with Customer, Excluding Assessed Tax2,3592,3132,397
Revenue from Contract with Customer, Excluding Assessed Tax, Related Parties3,7543,6283,580
Product [Member]   
Revenues and other income:   
Revenue from Contract with Customer, Excluding Assessed Tax2,2191,590636
Revenue from Contract with Customer, Excluding Assessed Tax, Related Parties198145128
Product [Member] | Third Party   
Revenues and other income:   
Revenue from Contract with Customer, Excluding Assessed Tax2,2191,590636
Oil and Gas, Refining and Marketing [Member]   
Costs and expenses:   
Cost of Goods and Services Sold1,3691,1841,326
Natural Gas, Midstream [Member]   
Costs and expenses:   
Cost of Goods and Services Sold2,0631,585539
Service, Other [Member]   
Revenues and other income:   
Revenue from Contract with Customer, Excluding Assessed Tax394345155
Series A Preferred Stock [Member]   
Costs and expenses:   
Preferred Stock Dividends, Income Statement Impact8810081
Series B Preferred Stock [Member]   
Costs and expenses:   
Preferred Stock Dividends, Income Statement Impact$ 41$ 41$ 41
[1]The 2021 and 2020 amounts include impairment of $6 million and $1,264 million, respectively.
[2]2022 includes a $509 million non-cash gain on a lease reclassification. See Note 20 for additional information.
[3]The year ended December 31, 2022 includes a $509 million non-cash gain on a lease reclassification. See Note 20 for additional information.

MPLX Balance Sheet

2022-12-31
Consolidated 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, Current737654
Due from Related Parties, Current729644
Inventory, Gross148142
Assets, Current, Total1,9051,507
Equity Method Investments4,0953,981
Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization18,84820,042
Intangible Assets, Net (Excluding Goodwill)705831
Goodwill7,6457,657
Due from Related Parties, Noncurrent1,2251,161
Other Assets, Noncurrent95960
Assets, Total35,66535,507
Liabilities, Current [Abstract]  
Accounts Payable, Current224172
Accrued Liabilities, Current269363
Due to Related Parties, Current3431,780
Accrued Property Plant and Equipment Current12897
Debt, Current988499
Interest Payable237202
Other Liabilities, Current166176
Total current liabilities2,4013,348
Deferred Revenue, Noncurrent219383
Due to Related Parties, Noncurrent338302
Long-term Debt and Lease Obligation18,80818,072
Deferred Income Tax Liabilities, Net1310
Deferred Credits and Other Liabilities, Noncurrent142170
Total liabilities22,15122,490
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’ capital12,30911,811
Noncontrolling interests237241
Total equity12,54612,052
Total liabilities, preferred units and equity35,66535,507
Public  
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract]  
Limited Partners' Capital Account8,4138,579
Third Party  
Assets, Current [Abstract]  
Other Assets, Current5354
Operating Lease, Right-of-Use Asset283268
Liabilities, Current [Abstract]  
Operating Lease, Liability, Current4659
Deferred Revenue, Noncurrent 0
Operating Lease, Liability, Noncurrent230205
Marathon Petroleum Corporation [Member]  
Assets, Current [Abstract]  
Operating Lease, Right-of-Use Asset228229
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract]  
Limited Partners' Capital Account, Related Party3,2932,638
Affiliated Entity  
Liabilities, Current [Abstract]  
Due to Related Parties, Current3431,780
Due to Related Parties, Noncurrent338302
Limited Partners Common Units | Public  
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract]  
Limited Partners' Capital Account8,4138,579
Limited Partners Common Units | Marathon Petroleum Corporation [Member]  
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract]  
Limited Partners' Capital Account3,2932,638
Series B Preferred Stock [Member]  
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract]  
Preferred Units, Preferred Partners' Capital Accounts611611
Series A Preferred Stock [Member]  
Liabilities, Current [Abstract]  
Temporary Equity, Carrying Amount, Including Portion Attributable to Noncontrolling Interests$ 968$ 965