MPLX LP
MPLX
ISIN US55336V1008 / Valor 19034390
MPLX LP
UMushroom community rating:
About company
MPLX LP is a significant player in the midstream energy sector, established as a master limited partnership by Marathon Petroleum Corporation (MPC). The company's operations are extensive and multifaceted, focusing on the ownership and management of critical energy infrastructure and logistics assets. MPLX's portfolio encompasses a broad range of facilities and services vital to the energy industry, including an extensive network of crude oil and refined product pipelines, inland marine operations, and various storage solutions such as caverns and refinery tanks. Additionally, the company operates light-product terminals, crude, and light-product marine terminals, enhancing its comprehensive service offerings. Beyond logistics and storage, MPLX is actively involved in the gathering, processing, and fractionation of natural gas and natural gas liquids (NGLs), servicing key supply basins across the United States. This diversified business model positions MPLX as a key infrastructure provider in the energy sector, facilitating the efficient distribution and processing of vital energy resources.
Summarized from source with an LLMView SourceSector: Consumer ServicesLatest Results (23.03.2025):
Revenue Growth
In the fourth quarter of 2024, MPLX LP reported total revenues and other income of $3,063 million, marking an increase from the $2,966 million recorded in the same quarter of the previous year. This growth was driven by higher service revenues and product sales, reflecting the company's strong operational performance.
Net Income Increase
MPLX LP's net income for the fourth quarter of 2024 was $1,109 million, up from $1,144 million in the fourth quarter of 2023. The increase in net income was supported by improved operational efficiencies and cost management strategies implemented throughout the year.
Earnings Per Unit
The net income attributable to MPLX LP per limited partner unit for the fourth quarter of 2024 was $1.07 on a diluted basis, compared to $1.10 in the same period of the previous year. This slight decrease was primarily due to an increase in the weighted average limited partner units outstanding.
Adjusted EBITDA
MPLX LP's adjusted EBITDA for the fourth quarter of 2024 was robust, contributing to a full-year adjusted EBITDA of $5,288 million. This performance underscores the company's ability to generate strong cash flows and maintain financial stability.
Outlook and Dividends
Looking ahead, MPLX LP remains optimistic about its growth prospects, supported by strategic investments and operational enhancements. The company continues to prioritize returning capital to unitholders, as evidenced by its consistent distribution payments, which are supported by its strong distributable cash flow.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
48587 M
Market cap (USD)
1,107,634
Daily traded volume (Shares)
47.76 / 47.13
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
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