Last $80.80 USD
Change Today -0.44 / -0.54%
Volume 801.0
MPLX On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 9:30 AM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

mplx lp (MPLX) Snapshot

Open
$80.80
Previous Close
$81.61
Day High
$80.80
Day Low
$80.80
52 Week High
01/28/15 - $85.57
52 Week Low
02/4/14 - $44.01
Market Cap
6.5B
Average Volume 10 Days
179.0K
EPS TTM
$1.42
Shares Outstanding
43.3M
EX-Date
01/30/15
P/E TM
56.8x
Dividend
$1.53
Dividend Yield
1.74%
Current Stock Chart for MPLX LP (MPLX)

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mplx lp (MPLX) Details

MPLX LP owns, operates, develops, and acquires crude oil, refined product, and other hydrocarbon-based product pipelines and other midstream assets in the United States. As of June 30, 2014, the company owned a 69% 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 1.0 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
Chief Financial Officer of MPLX GP LLC, Vice ...
Total Annual Compensation: $475.0K
Chief Operating Officer of MPLX GP LLC and Vi...
Total Annual Compensation: $425.0K
Compensation as of Fiscal Year 2013.

mplx lp (MPLX) Key Developments

MPLX LP Announces Cash Distribution for the Fourth Quarter of 2014, Payable on Feb. 13, 2015

MPLX LP announced a cash distribution of $0.3825 per common unit for the fourth quarter of 2014. This represents an increase of $0.025 per unit, or 7%, over the previous quarterly distribution and a 22.4% increase over the fourth quarter of 2013. The fourth-quarter distribution will be paid Feb. 13, 2015, to unitholders of record as of Feb. 3, 2015.

MPLX LP Presents at UBS MLP One-on-One Conference, Jan-12-2015

MPLX LP Presents at UBS MLP One-on-One Conference, Jan-12-2015 . Venue: St. Regis Deer Valley, Park City, Utah, United States. Speakers: Geri Ewing, Director, Investor Relations, Pamela K. M. Beall, President of MPLX GP LLC and Director of MPLX GP LLC.

MPLX LP Enters into a Credit Agreement

On November 20, 2014, MPLX LP entered into a credit agreement among MPLX, as borrower, Citibank, N.A., as administrative agent, each of Citigroup Global Markets Inc., Wells Fargo Securities, LLC, Barclays Bank PLC, J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, and RBS Securities Inc., as joint lead arrangers and joint book runners, Wells Fargo Bank, N.A., as syndication agent, each of Bank of America, N.A., Barclays Bank PLC, JPMorgan Chase Bank, N.A., and The Royal Bank of Scotland PLC, as documentation agents, and the other lenders and issuing banks that are parties thereto. The Credit Agreement provides for a five-year $1 billion revolving credit facility and a $250 million term loan facility. The revolving credit facility includes letter of credit issuing capacity of up to $250 million and swing line loan capacity of up to $100 million. The revolving credit facility may be increased by up to an additional $500 million, subject to certain customary conditions, including the consent of the lenders whose commitments would increase. The revolving credit facility is for a five-year term with a maturity date of November 20, 2019 and may be extended for up to two additional one-year periods subject to the consent of the lenders holding a majority of the revolving credit facility commitments, provided that the commitments held by any non-consenting lenders will terminate on the original maturity date.

 

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Industry Analysis

MPLX

Industry Average

Valuation MPLX Industry Range
Price/Earnings 55.9x
Price/Sales 11.3x
Price/Book 8.7x
Price/Cash Flow 42.2x
TEV/Sales 11.7x
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