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 (17.12.2024):
Net Income
MPLX LP reported a net income of $1.037 billion for the third quarter of 2024, marking an increase from the $918 million reported in the same quarter of 2023. This growth reflects the company's strong financial performance and strategic initiatives.
Adjusted EBITDA
The adjusted EBITDA attributable to MPLX LP for the third quarter of 2024 was $1.714 billion, up from $1.596 billion in the third quarter of 2023. This increase was driven by improved performance in both the Logistics and Storage (L&S) and Gathering and Processing (G&P) segments.
Distributable Cash Flow
For the third quarter of 2024, MPLX LP generated $1.446 billion in distributable cash flow, compared to $1.373 billion in the same period of 2023. This increase supports the company's ability to return capital to unitholders and fund growth initiatives.
Distribution Increase
MPLX LP announced a 12.5% increase in its quarterly distribution, raising it to $0.9565 per common unit for the third quarter of 2024. This increase reflects the company's confidence in its cash flow stability and growth prospects.
Growth Strategy
MPLX LP is executing a growth strategy in the Northeast, with plans to expand its processing and fractionation capacity. The company expects to bring total processing capacity to 8.1 billion cubic feet per day and fractionation capacity to 800 thousand barrels per day by the second half of 2026.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
48536 M
Market cap (USD)
55,614
Daily traded volume (Shares)
48.5 / 48.04
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)
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Ratings & reviews
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