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Last $74.41 USD
Change Today -1.27 / -1.68%
Volume 46.7K
MPLX On Other Exchanges
New York
As of 8:04 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

mplx lp (MPLX) Snapshot

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52 Week High
01/28/15 - $85.57
52 Week Low
10/15/14 - $46.08
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mplx lp (MPLX) Details

MPLX LP owns, operates, develops, and acquires pipelines and other midstream assets related to the transportation and storage of crude oil, refined product, and other hydrocarbon-based products in the United States. As of December 31, 2014, the company owned a 99.5% interest in an entity, which in turn collectively owned and operated a network of pipeline systems that include approximately 1,004 miles of common carrier crude oil pipelines; and approximately 1,902 miles of common carrier product pipelines in 9 states. It also holds a 100% interest in butane cavern located in Neal, West Virginia with approximately 1 million barrels of storage capacity. In addition, the company operates crude oil and product pipelines owned by third parties. MPLX GP LLC acts as the general partner of MPLX LP. The company was founded in 2012 and is headquartered in Findlay, Ohio. MPLX LP is a subsidiary of Marathon Petroleum Corporation.

Founded in 2012

mplx lp (MPLX) Top Compensated Officers

Chairman of The Board of Mplx GP LLC, Chief E...
Total Annual Compensation: $1.2M
President of MPLX GP LLC and Director of MPLX...
Total Annual Compensation: $225.0K
Executive Vice President of of Mplx Gp Llc an...
Total Annual Compensation: $475.0K
Vice President of Operations - MPLX GP LLC
Total Annual Compensation: $275.0K
Compensation as of Fiscal Year 2014.

mplx lp (MPLX) Key Developments

MPLX LP Announces Quarterly Cash Distribution for the First Quarter of 2015, Payable on May 15, 2015

MPLX LP announced a cash distribution of $0.41 per common unit for the first quarter of 2015. This represents an increase of $0.0825 per unit, or 25.2%, over the first-quarter 2014 distribution and an increase of $0.0275 per unit, or 7.2%, over the fourth-quarter 2014 distribution. The distribution will be paid May 15, 2015, to unit holders of record as of May 5, 2015.

MPLX LP Announces Executive Changes

MPLX LP announced a series of leadership changes. Donald C. Templin has been named executive vice president of the general partner of the company and continues to serve as a director. He previously served as vice president and chief financial officer. Timothy T. Griffith has been named vice president and chief financial officer of the general partner of the company and will continue to serve as treasurer. Griffith has also been elected to the board of directors of the general partner of the company. In addition to treasurer, he previously served as vice president, finance and investor relations, and he will retain those responsibilities. Additionally, John S. Swearingen has been named vice president and chief operating officer of the general partner of the company, replacing George P. Shaffner, who served in that role since the partnership's initial public offering in 2012. Shaffner has assumed a new executive position at Marathon Petroleum Corporation and will no longer serve as an officer of the general partner of the company.

MPLX LP Presents at Morgan Stanley MLP/Diversified Natural Gas, Utilities and Clean Tech Conference, Mar-04-2015

MPLX LP Presents at Morgan Stanley MLP/Diversified Natural Gas, Utilities and Clean Tech Conference, Mar-04-2015 . Venue: The St. Regis, New York, New York, United States.


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Industry Analysis


Industry Average

Valuation MPLX Industry Range
Price/Earnings 48.0x
Price/Sales 10.3x
Price/Book 5.3x
Price/Cash Flow 36.8x
TEV/Sales 11.1x

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