Last $63.20 USD
Change Today +0.34 / 0.54%
Volume 54.7K
MPLX On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

mplx lp (MPLX) Snapshot

Open
$62.99
Previous Close
$62.86
Day High
$64.33
Day Low
$62.63
52 Week High
07/2/14 - $68.05
52 Week Low
08/7/13 - $34.51
Market Cap
4.7B
Average Volume 10 Days
54.0K
EPS TTM
$1.22
Shares Outstanding
37.0M
EX-Date
05/1/14
P/E TM
52.0x
Dividend
$1.31
Dividend Yield
1.93%
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 December 31, 2013, the company 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 Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

MPLX LP announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported total revenues and other income of $137.3 million compared to $114.7 million a year ago. Income from operations was $56.3 million compared to $35.5 million a year ago. Income before income taxes was $55.7 million compared to $35.3 million a year ago. Net income attributable to the company was $34.2 million compared to $17.6 million a year ago. Limited partners' interest in net income attributable to the company was $33.2 million compared to $17.2 million a year ago. Basic and diluted net income attributable to the company per limited partner unit was $0.41 compared to $0.26 a year ago. Adjusted EBITDA attributable to the company was $43.8 million compared to $25.1 million a year ago. Adjusted EBITDA was $69.3 million compared to $47.4 million a year ago. Net cash provided by operating activities was $71.9 million compared to $46.7 million a year ago. Total capital expenditures were $5.4 million compared to $12.6 million a year ago. Additions to property, plant and equipment were $5.1 million compared to $9.2 million a year ago. The increase in revenues and other income was primarily due to increased pipeline tariff rates and revenue recognized for volume deficiency credits, partially offset by a decrease in throughput volumes.

MPLX LP Increases Distribution for the First Quarter of 2014, Payable on May 15, 2014

MPLX LP announced a cash distribution of $0.3275 per common unit for the first quarter of 2014. This represents an increase of $0.015 per unit, or 4.8%, over the previous quarterly distribution and a 20.2% increase over the distribution in the first quarter of 2013. The first-quarter distribution will be paid on May 15, 2014, to unit holders of record May 5, 2014.

MPLX LP to Report Q1, 2014 Results on May 01, 2014

MPLX LP announced that they will report Q1, 2014 results on May 01, 2014

 

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Industry Analysis

MPLX

Industry Average

Valuation MPLX Industry Range
Price/Earnings 50.7x
Price/Sales 9.2x
Price/Book 6.8x
Price/Cash Flow 33.6x
TEV/Sales 8.5x
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