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MPLX LP Stock Research

MPLX

35.03USD+0.11(+0.32%)Market Closed
Watchlist

Market Summary

USD35.03+0.11
Market Closed
0.32%

MPLX Stock Price

MPLX RSI Chart

MPLX Valuation

Market Cap

34.3B

Price/Earnings (Trailing)

8.45

Price/Sales (Trailing)

2.93

EV/EBITDA

13.24

Price/Free Cashflow

7.95

MPLX Price/Sales (Trailing)

MPLX Profitability

EBT Margin

35.00%

Return on Assets

11.39%

Free Cashflow Yield

12.58%

MPLX Fundamentals

MPLX Revenue

Revenue (TTM)

11.5B

Revenue Y/Y

-8.5%

Revenue Q/Q

-0.85%

MPLX Earnings

Earnings (TTM)

4.1B

Earnings Y/Y

6.63%

Earnings Q/Q

-1.06%

Price Action

52 Week Range

27.9135.85
(Low)(High)

Last 7 days

0.2%

Last 30 days

0.5%

Last 90 days

5.4%

Trailing 12 Months

15.2%

MPLX Financial Health

Current Ratio

1.53

Debt/Cashflow

0.25

MPLX Investor Care

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for MPLX

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-08-14
SURMA JOHN P
acquired
-
-
1,286
-
2023-08-14
Peiffer Garry L.
acquired
-
-
993
-
2023-08-14
SEMPLE FRANK M
acquired
-
-
867
-
2023-08-14
STICE J MICHAEL
acquired
-
-
781
-
2023-08-14
Breves Christine S
acquired
-
-
64.873
-
2023-08-14
HELMS CHRISTOPHER A
acquired
-
-
1,094
-
2023-07-03
Breves Christine S
acquired
-
-
808
-
2023-07-03
STICE J MICHAEL
acquired
-
-
937
-
2023-07-03
SEMPLE FRANK M
acquired
-
-
937
-
2023-07-03
SURMA JOHN P
acquired
-
-
937
-

1–10 of 50

Which funds bought or sold MPLX recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-20
BARCLAYS PLC
reduced
-31.97
-17,458,000
35,476,000
0.02%
2023-09-12
Farther Finance Advisors, LLC
unchanged
-
-357
23,758
-%
2023-09-08
TUCKER ASSET MANAGEMENT LLC
sold off
-100
-82,473
-
-%
2023-09-07
Strategic Financial Concepts, LLC
added
0.38
-6,596
589,337
0.22%
2023-08-28
Lavaca Capital LLC
reduced
-2.29
-8,502
217,216
0.06%
2023-08-23
WOLVERINE TRADING, LLC
new
-
835,900
835,900
-%
2023-08-21
BOKF, NA
unchanged
-
-5,057
336,515
0.01%
2023-08-21
OSAIC HOLDINGS, INC.
added
25.8
1,041,580
5,380,730
0.01%
2023-08-21
Principal Street Partners, LLC
reduced
-53.46
-256,122
216,877
0.05%
2023-08-17
Coppell Advisory Solutions LLC
new
-
24,105
24,105
0.01%

1–10 of 41

Latest Funds Activity

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

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

Recent SEC filings of MPLX

View All Filings
Date Filed Form Type Document
Aug 16, 2023
4
Insider Trading
Aug 16, 2023
4
Insider Trading
Aug 16, 2023
4
Insider Trading
Aug 16, 2023
4
Insider Trading
Aug 16, 2023
4
Insider Trading
Aug 16, 2023
4
Insider Trading
Aug 01, 2023
8-K
Current Report
Aug 01, 2023
10-Q
Quarterly Report
Jul 05, 2023
4
Insider Trading
Jul 05, 2023
4
Insider Trading

Peers (Alternatives to MPLX)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
69.8B
47.5B
0.23% -12.50%
16.9
1.47
-9.08% -22.60%
40.6B
80.8B
6.64% 27.69%
8.97
1.48
-1.23% 0.82%
37.0B
17.1B
-3.82% -2.66%
14.74
2.16
-3.10% 3.16%
34.3B
11.5B
0.52% 15.20%
8.45
2.93
5.75% 23.65%
12.8B
3.5B
4.83% 42.31%
12.39
3.78
19.66% 2.99%
MID-CAP
9.4B
51.2B
2.87% 40.67%
7.41
0.17
-4.81% 74.39%
2.0B
1.1B
5.45% -12.53%
13.01
1.9
42.53% -0.22%
-
574.6M
4.12% 25.83%
-
-
15.60% 8.47%
-
51.2B
4.01% 42.50%
-
-
-4.81% 105.31%
SMALL-CAP
1.9B
308.0M
7.82% 23.94%
8.53
8.41
145.69% 7305.10%
-
384.8M
-4.00% -12.09%
-
-
-2.94% 38.53%
1.2B
-
-5.36% 88.83%
8.18
3.45
- -

MPLX News

MarketBeat
SG Americas Securities LLC Has $1.37 Million Position in Mplx Lp ....
MarketBeat,
14 hours ago
Investor's Business Daily
Marketscreener.com

Returns for MPLX

Cumulative Returns on MPLX

6.9%


10-Year Cumulative Returns

9.7%


7-Year Cumulative Returns

9.5%


5-Year Cumulative Returns

38.5%


3-Year Cumulative Returns

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

Financials for MPLX

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue-2.1%11,46611,71611,61311,68510,84310,29810,0279,5429,2308,9167,5697,6367,6697,7989,0419,0208,4527,8207,0055,7955,063
Costs and Expenses-4.6%6,3616,6696,7026,7786,5796,2206,0355,6865,5065,2457,3588,6918,6978,8196,6645,4065,0924,7374,2773,6233,252
  S&GA Expenses2.0%353346335334340345353356358367378384390384388392366348316284267
EBITDA-100.0%-4,1013,9864,8254,1625,3525,2815,1495,0303,622136-1,143-1,087-1,0402,297------
EBITDA Margin-100.0%-0.35*0.34*0.41*0.38*0.52*0.53*0.54*0.54*0.41*0.02*-0.15*-0.14*-0.14*0.29*------
Earnings Before Taxes1.4%4,1594,1013,9863,9983,3713,2023,1132,9762,8402,780-685-1,961-1,943-1,9421,4622,6482,4742,2752,0141,6421,341
EBT Margin-100.0%-0.35*0.34*0.34*0.31*0.31*0.31*0.31*0.31*0.31*-0.09*-0.26*-0.25*-0.27*0.19*------
Net Income1.4%4,1204,0623,9443,9583,3323,1633,0772,9382,8012,743-720-1,992-2,028-2,1941,0332,0481,9291,9001,8181,6221,328
Net Income Margin-100.0%-0.35*0.34*0.34*0.31*0.31*0.31*0.31*0.30*0.31*-0.10*-0.26*-0.26*-0.30*0.13*------
Free Cashflow-100.0%-4,3154,2134,2014,4464,3404,3824,2814,1863,7063,3382,7582,0101,9081,674------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets0.6%35,87335,67235,66535,81235,78835,72735,50735,69935,77336,03036,41436,66237,02237,00640,43041,28123,74623,58439,32522,37921,412
  Current Assets15.4%2,3212,0121,9051,9512,0181,7981,5071,5161,3321,3741,5151,2721,3861,3291,4841,4407869521,440925774
    Cash Equivalents92.1%75539323812129842.0013.0039.008.0024.0015.0028.0067.0057.0015.0041.0032.0012285.0039.009.00
  Net PPE------19,91220,04220,15820,35220,99621,21821,61521,75821,82922,14521,89215,02114,81621,52514,27113,642
  Goodwill0%7,6457,6457,6457,6457,6457,6577,6577,6577,6577,6577,6577,6577,7227,7009,53610,7352,58112110,0167242,460
Liabilities0.3%22,68422,62422,15122,16922,67922,72622,49022,02322,01022,21222,42922,59922,79222,68222,84922,42115,87215,65120,59014,42313,457
  Current Liabilities0.3%1,3161,3122,4012,4992,7412,8583,3482,7211,7271,1962,0861,5311,2281,2142,1322,2321,0481,0292,2681,2041,279
  Long Term Debt0.1%20,40520,39318,80818,79718,77518,75718,07218,25319,23420,05219,37520,04220,55620,46719,70419,19014,03013,83217,92212,88911,874
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations-1.0%5,0715,1215,0194,8915,0344,9124,9114,8564,8964,6364,5214,4284,2424,2384,0824,0343,7353,4743,0712,5962,353
Cashflow From Investing-15.1%-1,036-900-956-817-684-704-518-579-730-990-1,262-1,934-2,401-2,725-3,063-3,040-3,363-3,088-2,878-2,499-1,857
Cashflow From Financing7.5%-3,578-3,870-3,838-3,992-4,060-4,190-4,395-4,266-4,225-3,679-3,259-2,507-1,806-1,578-1,089-992-349-270-117-67.00-784
  Buy Backs-9.0%35639149148045557563049834318833.00----------

MPLX Income Statement

2023-06-30
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Sales-type lease revenue$ 33$ 0$ 67$ 0
Sales-type lease revenue - related parties125114250225
Income from equity method investments145111279210
Total revenues and other income2,6902,9405,4035,550
Costs and Expenses, Related Party357351718670
Depreciation and amortization[1]310310606623
General and administrative expenses8982178160
Other taxes28335867
Total costs and expenses1,5151,8233,0323,373
Operating Income (Loss)1,1751,1172,3712,177
Interest expense, net of amounts capitalized226212450410
Other financial costs7202640
Income before income taxes9428841,8951,722
Provision for income taxes0015
Net income9428841,8941,717
Less: Net income attributable to noncontrolling interests991817
Net income attributable to MPLX LP[2]9338751,8761,700
Limited partners' interest in net income attributable to MPLX LP$ 910$ 844$ 1,825$ 1,637
Net income attributable to MPLX LP per limited partner unit:    
Common - basic$ 0.91$ 0.83$ 1.81$ 1.61
Common - diluted$ 0.91$ 0.83$ 1.81$ 1.61
Weighted average limited partner units outstanding:    
Common - basic1,0011,0121,0011,013
Common - diluted1,0011,0121,0011,014
Nonrelated Party [Member]    
Rental income$ 59$ 102$ 120$ 193
Other Income18621(11)
Rental cost of sales20424079
Related Party [Member]    
Rental income203198405363
Other Income31275854
Rental cost of sales9191634
General and administrative expenses6158125113
Related-party interest and other financial costs0105
Service [Member]    
Revenue from Contract with Customer, Excluding Assessed Tax - third and related parties6355771,2401,131
Revenue from Contract with Customer, Excluding Assessed Tax, Related Parties9719381,9241,853
Service, Other [Member]    
Revenue from Contract with Customer, Excluding Assessed Tax - third and related parties60118139241
Product [Member]    
Revenue from Contract with Customer, Excluding Assessed Tax - third and related parties3766987961,195
Revenue from Contract with Customer, Excluding Assessed Tax, Related Parties345110496
Oil and Gas, Refining and Marketing [Member]    
Cost of Goods and Services Sold348323656610
Natural Gas, Midstream [Member]    
Cost of Goods and Services Sold3546637601,130
Series A Preferred Stock [Member]    
Net income attributable to MPLX LP[2]27255448
Dividends, Preferred Stock23214642
Series B Preferred Stock [Member]    
Net income attributable to MPLX LP[2] 10521
Dividends, Preferred Stock010521
Common Stock [Member]    
Net income attributable to MPLX LP[2]$ 906$ 840$ 1,817$ 1,631
[1]Depreciation and amortization attributable to L&S was $140 million and $269 million for the three and six months ended June 30, 2023, respectively, and $129 million and $259 million for the three and six months ended June 30, 2022, respectively. Depreciation and amortization attributable to G&P was $170 million and $337 million for the three and six months ended June 30, 2023, respectively, and $181 million and $364 million for the three and six months ended June 30, 2022, respectively.
[2]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.

MPLX Balance Sheet

2023-06-30
Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Assets  
Cash and cash equivalents$ 755$ 238
Receivables, net717737
Inventories146148
Other current assets4953
Total current assets2,3211,905
Equity method investments4,1244,095
Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization18,69218,848
Intangibles, net641705
Goodwill7,6457,645
Other noncurrent assets970959
Total assets35,87335,665
Liabilities  
Accounts payable128224
Accrued liabilities241269
Accrued property, plant and equipment149128
Long-term debt due within one year1988
Interest Payable, Current247237
Operating lease liabilities4946
Total current liabilities1,3162,401
Long-term deferred revenue268219
Long-term debt20,40518,808
Deferred income taxes1313
Long-term operating lease liabilities228230
Other long-term liabilities113142
Total liabilities22,68422,151
Commitments and contingencies (see Note 14)
Equity  
Accumulated other comprehensive loss(4)(8)
Total MPLX LP partners’ capital11,98412,309
Noncontrolling interests237237
Total equity12,22112,546
Total liabilities, preferred units and equity35,87335,665
Related Party [Member]  
Liabilities  
Other current liabilities336343
Nonrelated Party [Member]  
Assets  
Right of use assets, net281283
Liabilities  
Other current liabilities165166
Related Party [Member]  
Assets  
Receivables, net510610
Current assets - related parties654729
Other current assets53
Right of use assets, net228228
Noncurrent assets - related parties1,1991,225
Liabilities  
Accounts payable[1]254262
Operating lease liabilities11
Other current liabilities336343
Long-term deferred revenue115110
Other Liabilities, Noncurrent341338
Long-term operating lease liabilities226228
Equity  
Limited Partners' Capital Account3,4803,293
Nonrelated Party [Member]  
Liabilities  
Long-term deferred revenue265216
Equity  
Limited Partners' Capital Account8,5088,413
Series A Preferred Stock [Member]  
Liabilities  
Temporary Equity, Carrying Amount, Including Portion Attributable to Noncontrolling Interests968968
Series B Preferred Stock [Member]  
Equity  
Preferred Units, Preferred Partners' Capital Accounts$ 0$ 611
[1]There were no borrowings outstanding on the MPC Loan Agreement as of June 30, 2023 or December 31, 2022.
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.