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Last $47.35 USD
Change Today -2.27 / -4.57%
Volume 386.9K
MPLX On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

mplx lp (MPLX) Snapshot

Open
$49.17
Previous Close
$49.62
Day High
$49.50
Day Low
$47.05
52 Week High
01/28/15 - $85.57
52 Week Low
08/10/15 - $45.31
Market Cap
3.8B
Average Volume 10 Days
407.2K
EPS TTM
$1.80
Shares Outstanding
80.3M
EX-Date
07/31/15
P/E TM
26.3x
Dividend
$1.76
Dividend Yield
3.36%
Current Stock Chart for MPLX LP (MPLX)

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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 Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

MPLX LP reported unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenues and other income of $147.6 million compared to $133.9 million a year ago. Income from operations was $57.6 million compared to $44.3 million a year ago. Income before income taxes was $51.4 million compared to $43.0 million a year ago. Net income attributable to the company was $51.2 million, or $0.50 per common limited partner unit, compared with $28.8 million, or $0.37 per common limited partner unit, for the second quarter of 2014. Adjusted EBITDA was $70.7 million. Distributable cash flow was $61.0 million. Maintenance capital expenditures were $3.5 million compared to $3.2 million a year ago. Total capital expenditures were $41.8 million compared to $9.2 million a year ago. For the six months, the company reported total revenues and other income of $285.1 million compared to $271.2 million a year ago. Income from operations $108.8 million compared to $100.6 million a year ago. Income before income taxes $97.3 million compared to $98.7 million a year ago. Net income attributable to the company was $96.8 million, or $0.96 per common limited partner unit, compared with $63.0 million, or $0.79 per common limited partner unit, for the second quarter of 2014. Maintenance capital expenditures were $7.7 million compared to $5.1 million a year ago. Net cash provided by operating activities was $127.9 million compared to $128.4 million a year ago. Total capital expenditures were $76.6 million compared to $14.6 million a year ago.

MPLX LP Declares Dividend for the Second Quarter of 2015, Payable on August 14, 2015

MPLX LP announced that the board of directors of its general partner has declared a cash distribution of $0.44 per common unit for the second quarter of 2015. This represents an increase of $0.0975 per unit, or 28.5%, over the second-quarter 2014 distribution and an increase of $0.03 per unit, or 7.3%, over the first-quarter 2015 distribution. The distribution will be paid August 14, 2015, to unit holders of record as of August 4, 2015.

Marathon Petroleum Corporation Announces Board Appointments

MarkWest Energy Partners LP and Utica shales, will be acquired by the MPLX LP master limited partnership created by Marathon Petroleum Corp. in a $20 billion deal. Semple and another MarkWest director will join the board of the MPLX general partner and Semple will become a board member of Marathon Petroleum as well.

 

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MPLX Competitors

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Valero Energy Partners LP $51.80 USD -0.03
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Industry Analysis

MPLX

Industry Average

Valuation MPLX Industry Range
Price/Earnings 28.6x
Price/Sales 7.1x
Price/Book 3.5x
Price/Cash Flow 21.3x
TEV/Sales 6.8x
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