Last $66.55 USD
Change Today +0.10 / 0.15%
Volume 74.1K
MPLX On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 11:25 AM 12/22/14 All times are local (Market data is delayed by at least 15 minutes).

mplx lp (MPLX) Snapshot

Open
$66.01
Previous Close
$66.45
Day High
$66.68
Day Low
$64.79
52 Week High
11/7/14 - $73.00
52 Week Low
12/23/13 - $39.65
Market Cap
5.3B
Average Volume 10 Days
315.1K
EPS TTM
$1.42
Shares Outstanding
43.3M
EX-Date
10/31/14
P/E TM
46.8x
Dividend
$1.43
Dividend Yield
2.02%
Current Stock Chart for MPLX LP (MPLX)

mplx lp (MPLX) Related Bloomberg News

View More Bloomberg News

mplx lp (MPLX) Related Businessweek News

No Related Businessweek News Found

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 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.

MPLX LP Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

MPLX LP reported unaudited earnings results for the third quarter and nine months ended September 30, 2014. The company reported third-quarter 2014 net income attributable to MPLX of $29.1 million, or $0.37 per common limited partner unit, compared with $21.5 million, or $0.29 per common limited partner unit, for the third quarter of 2013. Third-quarter 2014 adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) attributable to MPLX were $40.2 million and distributable cash flow attributable to MPLX was $33.4 million. The company's revenues and other income were $138 million, compared with $123.8 million for the third quarter of 2013. The increase in revenues and other income was primarily due to higher pipeline tariff rates and revenue recognized for volume deficiency credits. Income from operations was $44.2 million against $39.8 million for the same period a year ago. Income before income taxes was $43.1 million against $39.6 million for the same period a year ago. Total capital expenditures was $39.4 million against $39.4 million for the same period a year ago. For the nine months, the company reported total revenue and other income of $409.2 million against $360.7 million for the same period a year ago. Income from operations was $144.8 million against $110.5 million for the same period a year ago. Income before income taxes was $141.8 million against $109.8 million for the same period a year ago. Net income attributable to the company was $92.1 million or $1.16 per diluted share against $57.7 million or $0.79 per diluted share for the same period a year ago. EBITDA attributable to the company was $123.9 million against $82.3 million for the same period a year ago. Adjusted EBITDA attributable to the company was $123.9 million against $82.3 million for the same period a year ago. Total capital expenditures was $54.0 million against $86.0 million for the same period a year ago.

MPLX Mulls Acquisition

MPLX LP (NYSE:MPLX) may look at acquisition opportunities. Gary R. Heminger, Chairman and Chief Executive Officer of the company stated that MPLX plans to substantially accelerate its growth. MPLX expects to provide unit-holders an average annual distribution growth rate percentage in the mid-20s over the next five years as it builds meaningful scale more quickly. This increased scale provides MPLX with greater flexibility to fund organic projects and to pursue acquisition opportunities. By the end of 2015, MPLX expects to triple its annualized run-rate EBITDA versus third-quarter 2014 annualized run-rate EBITDA.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
MPLX:US $66.55 USD +0.10

MPLX Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Holly Energy Partners LP $29.05 USD +0.15
Oiltanking Partners LP $43.60 USD -0.299
Phillips 66 Partners LP $64.62 USD +0.94
Summit Midstream Partners LP $39.90 USD -0.88
Tesoro Logistics LP $54.65 USD -2.25
View Industry Companies
 

Industry Analysis

MPLX

Industry Average

Valuation MPLX Industry Range
Price/Earnings 45.5x
Price/Sales 9.2x
Price/Book 7.1x
Price/Cash Flow 34.4x
TEV/Sales 9.3x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact MPLX LP, please visit www.mplx.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.