MPLX - MPLX LP Stock Price, Fair Value and News

41.19USD-0.32 (-0.77%)Market Closed

Market Summary

USD41.19-0.32

Market Closed

-0.77%

MPLX Stock Price

View Fullscreen

MPLX RSI Chart

MPLX Valuation

Market Cap

41.9B

Price/Earnings (Trailing)

10.48

Price/Sales (Trailing)

3.67

EV/EBITDA

14.92

Price/Free Cashflow

9.43

MPLX Price/Sales (Trailing)

MPLX Profitability

EBT Margin

35.40%

Return on Equity

40.63%

Return on Assets

10.96%

Free Cashflow Yield

10.6%

MPLX Fundamentals

MPLX Revenue

Revenue (TTM)

11.4B

Rev. Growth (Yr)

4.9%

Rev. Growth (Qtr)

-4.05%

MPLX Earnings

Earnings (TTM)

4.0B

Earnings Growth (Yr)

6.62%

Earnings Growth (Qtr)

-10.14%

Breaking Down MPLX Revenue

Last 7 days

-0.2%

Last 30 days

1.4%

Last 90 days

Trailing 12 Months

21.2%

How does MPLX drawdown profile look like?

MPLX Financial Health

Current Ratio

0.72

Debt/Equity

1.95

Debt/Cashflow

0.29

MPLX Investor Care

Shares Dilution (1Y)

1.50%

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	11.4B	0	0	0
2023	11.7B	11.5B	11.0B	11.3B
2022	10.3B	10.8B	11.7B	11.6B
2021	8.9B	9.2B	9.5B	10.0B
2020	7.8B	7.7B	7.6B	7.6B
2019	7.8B	8.5B	9.0B	9.0B
2018	4.4B	5.1B	5.8B	7.0B
2017	3.3B	3.5B	3.6B	3.9B
2016	1.5B	2.0B	2.5B	3.0B
2015	798.0M	858.0M	922.0M	1.1B
2014	548.9M	612.7M	675.9M	747.0M
2013	130.4M	246.8M	363.2M	479.6M
2012	0	0	0	14.0M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of MPLX LP

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 01, 2024	peiffer garry l.	acquired	-	-	756	-
Apr 01, 2024	semple frank m	acquired	-	-	862	-
Apr 01, 2024	surma john p	acquired	-	-	862	-
Apr 01, 2024	breves christine s	acquired	-	-	756	-
Apr 01, 2024	helms christopher a	acquired	-	-	756	-
Apr 01, 2024	stice j michael	acquired	-	-	862	-
Mar 01, 2024	quaid john j	sold (taxes)	-137,056	38.87	-3,526	-
Mar 01, 2024	quaid john j	acquired	-	-	16,087	-
Mar 01, 2024	floerke gregory scott	acquired	-	-	8,303	exec. vp and coo
Mar 01, 2024	hagedorn carl kristopher	acquired	-	-	6,227	exec vp & chief fin ofc

Which funds bought or sold MPLX recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 10, 2024	Tortoise Capital Advisors, L.L.C.	added	25.16	176,893,000	601,480,000	8.40%
May 10, 2024	SILVER OAK SECURITIES, Inc	reduced	-23.27	-76,831	507,444	0.08%
May 10, 2024	Collaborative Wealth Managment Inc.	new	-	202,979	202,979	0.10%
May 10, 2024	LPL Financial LLC	added	4.25	1,786,140	11,712,900	0.01%
May 10, 2024	McIlrath & Eck, LLC	unchanged	-	3,141	26,972	-%
May 10, 2024	Van Cleef Asset Management,Inc	unchanged	-	28,111	241,381	0.03%
May 10, 2024	Rockport Wealth LLC	new	-	325,373	325,373	0.20%
May 10, 2024	Wilkinson Global Asset Management LLC	unchanged	-	55,394	475,654	0.03%
May 10, 2024	Heritage Trust Co	reduced	-49.32	-204,041	274,421	0.04%
May 10, 2024	PRINCIPAL SECURITIES, INC.	reduced	-92.11	-134,802	13,216	-%

Are Funds Buying or Selling MPLX?

Are funds buying MPLX calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own MPLX

No. of Funds

Unveiling MPLX LP's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2024	blackstone group management l.l.c.	2.3%	23,413,432	SC 13G/A
Feb 09, 2023	blackstone group management l.l.c.	5.0%	50,516,528	SC 13G/A
Oct 04, 2022	marathon petroleum corp	64.3%	647,415,452	SC 13D/A
Feb 11, 2022	blackstone group management l.l.c.	6.5%	66,127,749	SC 13G/A
Sep 22, 2021	marathon petroleum corp	63.3%	647,415,452	SC 13D/A
Feb 16, 2021	blackstone group management l.l.c.	6.5%	67,919,543	SC 13G/A
Jan 05, 2021	marathon petroleum corp	62.3%	647,415,452	SC 13D/A
Aug 04, 2020	marathon petroleum corp	62.2%	647,415,452	SC 13D/A
Jul 16, 2020	blackstone group management l.l.c.	5.0%	53,430,949	SC 13G

Recent SEC filings of MPLX LP

View All Filings

Date Filed	Form Type	Document
May 13, 2024	8-K	Current Report
May 10, 2024	SC 13D/A	13D - Major Acquisition
Apr 30, 2024	10-Q	Quarterly Report
Apr 30, 2024	8-K	Current Report
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading

Peers (Alternatives to MPLX LP)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ENB	80.4B	42.6B	10.65%	-1.61%	13.66	1.89	-15.26%	110.89%
EPD	62.5B	52.0B	-0.96%	11.00%	11.17	1.2	-9.70%	0.25%
ET	53.3B	81.2B	2.66%	28.49%	13.13	0.66	-8.10%	-11.70%
KMI	42.5B	15.3B	5.57%	13.93%	17.28	2.78	-18.66%	-3.98%
LNG	35.4B	17.4B	-1.31%	4.62%	7.16	2.03	-47.07%	-35.95%
PAA	12.1B	48.4B	-2.37%	37.10%	11.31	0.25	-13.61%	-15.57%
MID-CAP
AM	7.0B	1.1B	3.95%	37.85%	17.88	6.56	10.45%	16.98%
ENLC	6.0B	6.8B	-2.06%	50.57%	36.88	0.88	-24.85%	-57.72%
ETRN	5.8B	1.4B	5.19%	145.32%	12.81	4.2	-0.72%	272.22%
INSW	3.0B	1.1B	18.21%	57.50%	5.76	2.87	0.83%	-7.88%
HESM	2.8B	1.4B	-0.14%	22.77%	19.66	2.01	10.36%	-29.40%
SMALL-CAP
GEL	1.5B	3.2B	6.86%	27.76%	11.81	0.49	7.09%	65.33%
GLP	1.4B	16.6B	-9.17%	35.63%	12	0.09	-9.78%	-67.33%
GPP	286.4M	82.4M	-4.55%	-4.48%	7.48	3.48	5.74%	-6.51%
MMLP	115.8M	734.3M	17.39%	33.18%	30.4	0.16	-25.40%	114.16%

MPLX LP News

Latest updates

MPLX LP Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-4.0%	2,846	2,966	2,912	2,690	2,713	2,662	3,401	2,940	2,610	2,734	2,559	2,395	2,339	2,249	2,247	2,081	992	2,316	2,280	2,210	2,235
Costs and Expenses	0.3%	1,595	1,591	1,758	1,515	1,517	1,602	1,727	1,823	1,550	1,678	1,528	1,464	1,365	1,329	1,348	1,203	3,478	2,662	1,354	1,325	1,323
S&GA Expenses	10.1%	109	99.00	102	89.00	89.00	87.00	88.00	82.00	78.00	86.00	94.00	87.00	86.00	89.00	96.00	96.00	97.00	95.00	102	90.00	101
EBITDA Margin	0.4%	0.35*	0.35*	0.46*	0.48*	0.47*	0.46*	0.46*	0.44*	0.44*	0.45*	0.45*	0.46*	-	-	-	-	-	-	-	-	-
Income Taxes	-88.9%	1.00	9.00	1.00	-	1.00	2.00	1.00	-	5.00	-	-	-	1.00	1.00	1.00	-	-	-2.00	4.00	-1.00	-1.00
Earnings Before Taxes	-11.9%	1,016	1,153	929	942	953	826	1,438	884	838	838	811	715	749	701	675	655	-2,716	-575	693	656	688
EBT Margin	0.4%	0.35*	0.35*	0.33*	0.36*	0.35*	0.34*	0.34*	0.31*	0.31*	0.31*	0.31*	0.31*	-	-	-	-	-	-	-	-	-
Net Income	-10.1%	1,015	1,130	918	933	952	816	1,428	875	825	830	802	706	739	691	665	648	-2,724	-581	629	482	503
Net Income Margin	0.4%	0.35*	0.35*	0.33*	0.36*	0.35*	0.34*	0.34*	0.31*	0.31*	0.31*	0.31*	0.30*	-	-	-	-	-	-	-	-	-
Free Cashflow	-14.7%	1,036	1,214	1,014	1,174	1,058	1,097	798	1,362	956	1,085	1,043	1,256	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-0.2%	36,461	36,529	36,120	35,873	35,672	35,665	35,812	35,788	35,727	35,507	35,699	35,773	36,030	36,414	36,662	37,022	37,006	40,430	41,281	23,746	23,584
Current Assets	-23.8%	2,139	2,808	2,736	2,321	2,012	1,905	1,951	2,018	1,798	1,507	1,516	1,332	1,374	1,515	1,272	1,386	1,329	1,484	1,440	786	952
Cash Equivalents	-63.3%	385	1,048	960	755	393	238	121	298	42.00	13.00	39.00	8.00	24.00	15.00	28.00	67.00	57.00	15.00	41.00	32.00	122
Net PPE	-	-	-	-	-	-	-	-	-	19,912	20,042	20,158	20,352	20,996	21,218	21,615	21,758	21,829	22,145	21,892	15,021	14,816
Goodwill	0%	7,645	7,645	7,645	7,645	7,645	7,645	7,645	7,645	7,657	7,657	7,657	7,657	7,657	7,657	7,657	7,722	7,700	9,536	10,735	2,581	121
Liabilities	-0.6%	22,814	22,945	22,804	22,684	22,624	22,151	22,169	22,679	22,726	22,490	22,023	22,010	22,212	22,429	22,599	22,792	22,682	22,849	22,421	15,872	15,651
Current Liabilities	12.8%	2,960	2,624	1,399	1,316	1,312	2,401	2,499	2,741	2,858	3,348	2,721	1,727	1,196	2,086	1,531	1,228	1,214	2,132	2,232	1,048	1,029
Long Term Debt	-2.5%	18,805	19,296	20,417	20,405	20,393	18,808	18,797	18,775	18,757	18,072	18,253	19,234	20,052	19,375	20,042	20,556	20,467	19,704	19,190	14,030	13,832
Float	-	-	-	-	12,000	-	-	-	10,600	-	-	-	11,200	-	-	-	6,800	-	-	-	9,300	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-13.3%	1,291	1,489	1,244	1,437	1,227	1,368	1,039	1,487	1,125	1,240	1,182	1,365	1,124	1,185	1,222	1,105	1,009	1,092	1,036	1,101	853
Cashflow From Investing	-89.7%	-996	-525	-236	-271	-220	-280	-265	-135	-276	-141	-132	-155	-90.00	-202	-283	-415	-362	-874	-750	-739	-700
Cashflow From Financing	-9.4%	-958	-876	-803	-804	-852	-971	-951	-1,096	-820	-1,125	-1,019	-1,226	-1,025	-996	-978	-680	-605	-244	-277	-452	-116
Buy Backs	-	75.00	-	-	-	-	168	196	35.00	100	165	155	155	155	33.00	-	-	-	-	-	-	-

Get Full Access to Grufity – and Unlimited Downloads

Gain full access to fair value, watchlists, stock screener, unlimited page visits, and additional features by joining as a member today for just $1.99.

Try For Just $1.99

MPLX Income Statement

2024-03-31

Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions

3 Months Ended

Mar. 31, 2024

Mar. 31, 2023

Sales-type lease revenue

$ 34

Sales-type lease revenue - related parties

121

125

Income from equity method investments

157

134

Total revenues and other income

2,846

2,713

Costs and Expenses, Related Party

372

361

Depreciation and amortization

^[1]

317

296

General and administrative expenses

109

Other taxes

Total costs and expenses

1,595

1,517

Income from operations

1,251

1,196

Net interest and other financial costs

235

243

Income before income taxes

1,016

953

Provision for income taxes

Net income

1,015

952

Less: Net income attributable to noncontrolling interests

Net income attributable to MPLX LP

^[2]

1,005

943

Limited partners' interest in net income attributable to MPLX LP

$ 995

$ 915

Net income attributable to MPLX LP per limited partner unit:

Common - basic

$ 0.98

$ 0.91

Common - diluted

$ 0.98

$ 0.91

Weighted average limited partner units outstanding:

Common - basic

1,008

1,001

Common - diluted

1,008

1,001

Nonrelated Party [Member]

Rental income

$ 60

$ 61

Other Income

Rental cost of sales

Related Party [Member]

Rental income

217

202

Other Income

Rental cost of sales

General and administrative expenses

Service [Member]

Revenue from Contract with Customer, Excluding Assessed Tax - third and related parties

658

605

Revenue from Contract with Customer, Excluding Assessed Tax, Related Parties

986

953

Service, Other [Member]

Revenue from Contract with Customer, Excluding Assessed Tax - third and related parties

Product [Member]

Revenue from Contract with Customer, Excluding Assessed Tax - third and related parties

370

420

Revenue from Contract with Customer, Excluding Assessed Tax, Related Parties

Oil and Gas, Refining and Marketing [Member]

Cost of Goods and Services Sold

371

308

Natural Gas, Midstream [Member]

Cost of Goods and Services Sold

369

406

Series A Preferred Stock [Member]

Dividends, Preferred Stock

Series B Preferred Stock [Member]

Dividends, Preferred Stock

$ 0

$ 5

[1]	Depreciation and amortization attributable to L&S was $130 million and $129 million for the three months ended March 31, 2024 and March 31, 2023, respectively. Depreciation and amortization attributable to G&P was $187 million and $167 million for the three months ended March 31, 2024 and March 31, 2023, respectively.
[2]	Allocation of net income attributable to MPLX LP assumes all earnings for the period have been distributed based on the distribution priorities applicable to the period.

MPLX Balance Sheet

2024-03-31

Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Assets
Cash and cash equivalents	$ 385	$ 1,048
Receivables, net	752	823
Inventories	163	159
Other current assets	36	30
Total current assets	2,139	2,808
Equity method investments	4,343	3,743
Property, plant and equipment, net	19,299	19,264
Intangibles, net	618	654
Goodwill	7,645	7,645
Right of use assets, net	290	264
Other noncurrent assets	976	990
Total assets	36,461	36,529
Liabilities
Accounts payable	132	153
Accrued liabilities	248	300
Accrued property, plant and equipment	166	216
Long-term debt due within one year	1,639	1,135
Accrued interest payable	187	242
Operating lease liabilities	50	45
Total current liabilities	2,960	2,624
Long-term deferred revenue	349	347
Long-term debt	18,805	19,296
Deferred income taxes	16	16
Long-term operating lease liabilities	231	211
Other long-term liabilities	133	126
Total liabilities	22,814	22,945
Commitments and contingencies (see Note 16)
Temporary Equity, Carrying Amount, Attributable to Parent	561	895
Equity
Accumulated other comprehensive loss	(3)	(4)
Total MPLX LP partners’ capital	12,852	12,454
Noncontrolling interests	234	235
Total equity	13,086	12,689
Total liabilities, preferred units and equity	36,461	36,529
Related Party [Member]
Assets
Receivables, net	610	587
Current assets - related parties	803	748
Other current assets	8	7
Right of use assets, net	227	227
Noncurrent assets - related parties	1,151	1,161
Liabilities
Operating lease liabilities	1	1
Other current liabilities	351	360
Long-term deferred revenue	95	99
Long-term liabilities - related parties	320	325
Equity
Limited Partners' Capital Account	3,858	3,758
Nonrelated Party [Member]
Liabilities
Other current liabilities	187	173
Long-term deferred revenue	346	344
Equity
Limited Partners' Capital Account	$ 8,997	$ 8,700

About MPLX LP

MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. It operates in two segments, Logistics and Storage, and Gathering and Processing. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, exchange, storage, and marketing of natural gas liquids; gathering, storage, transportation, and distribution of crude oil and refined products, as well as other hydrocarbon-based products; and sale of residue gas and condensate. It also engages in the inland marine businesses comprising transportation of light products, heavy oils, crude oil, renewable fuels, chemicals, and feedstocks in the Mid-Continent and Gulf Coast regions, as well as owns and operates boats and barges, including third-party chartered equipment, and a marine repair facility located on the Ohio River; and distribution of fuel, as well as operates refining logistics, terminals, rail facilities, and storage caverns. In addition, the company operates terminal facilities for the receipt, storage, blending, additization, handling, and redelivery of refined petroleum products through the pipeline, rail, marine, and over-the-road modes of transportation. MPLX GP LLC acts as the general partner of MPLX LP. The company was incorporated in 2012 and is headquartered in Findlay, Ohio. MPLX LP operates as a subsidiary of Marathon Petroleum Corporation.

CEO	Mr. Michael J. Hennigan
WEBSITE	mplx.com
INDUSTRY	Oil - Midstream

MPLX LP Frequently Asked Questions

What is the ticker symbol for MPLX LP? What does MPLX stand for in stocks?

MPLX is the stock ticker symbol of MPLX LP. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of MPLX LP (MPLX)?

As of Mon May 13 2024, market cap of MPLX LP is 41.86 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of MPLX stock?

You can check MPLX's fair value in chart for subscribers.

What is the fair value of MPLX stock?

You can check MPLX's fair value in chart for subscribers. The fair value of MPLX LP is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of MPLX LP is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for MPLX so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is MPLX LP a good stock to buy?

The fair value guage provides a quick view whether MPLX is over valued or under valued. Whether MPLX LP is cheap or expensive depends on the assumptions which impact MPLX LP's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for MPLX.

What is MPLX LP's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Mon May 13 2024, MPLX's PE ratio (Price to Earnings) is 10.48 and Price to Sales (PS) ratio is 3.67. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. MPLX PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on MPLX LP's stock?

In the past 10 years, MPLX LP has provided 0.031 (multiply by 100 for percentage) rate of return.