MPLX

MPLX LP engages in the operation of midstream energy infrastructure and logistics assets, and distribution fuels services. It operates through the Logistics and Storage (L&S) and Gathering and Processing (G&P) segments. The Logistics and Storage segment transports, stores, distributes, and markets crude oil, asphalt, refined petroleum products, and water. The Gathering and Processing segment gathers, processes, and transports natural gas, and gathers, transports, fractionates, stores, and markets natural gas liquids (NGLs). The company was founded on March 27, 2012 and is headquartered in Findlay, OH.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

MPLX reports strong 2022 performance, eyes growth amid challenges

MPLX's strong financial performance in 2022, supported by robust EBITDA and distribution growth, reflects operational excellence and strategic investments.
While facing challenges such as weather impacts and potential industry slowdowns, MPLX's focus on efficiency, partnerships, and capital discipline positions it for sustainable growth.
Opportunities in low carbon expansion, Permian portfolio expansion, and asset synergies offer avenues for continued growth and market leadership for MPLX.
Overall, MPLX's performance, strengths, challenges, and opportunities underscore a resilient and forward-looking approach to value creation and stakeholder returns.

MPLX reports solid Q1 earnings, eyes growth in low-carbon ventures

MPLX's Q1 2023 earnings call highlighted strong financial performance, a focus on growth projects in key regions, and participation in low-carbon initiatives. The company's disciplined approach to capital management and debt reduction efforts are notable. Challenges related to inflation adders and FERC regulations require careful monitoring and strategic planning.

MPLX reports strong Q2 earnings, focuses on sustainable growth

MPLX's Q2 performance reflects resilience with solid financial metrics and a focus on capital returns.
The company's strategic strengths lie in advancing value chain strategies, ESG commitments, and sustainable energy initiatives.
Challenges include pricing pressures and the need for careful capital allocation amidst growth opportunities.
Opportunities exist in growth projects, potential M&A, and leveraging ESG efforts for long-term success.

MPLX reports record Q3 results, eyes growth in emerging sectors

MPLX's Q3 performance reflects robust financial health and operational excellence, driven by record EBITDA and cash flow.
While facing debt maturity and regulatory risks, the company's strategic strengths and growth initiatives position it for long-term success.
Opportunities in emerging energy sectors and operational optimization present avenues for sustained growth and profitability.
Prudent financial management and strategic investments will be key in navigating challenges and capitalizing on future prospects.

MPLX reports robust Q4 earnings, poised for sustained growth

MPLX's Q4 2023 performance reflects strong operational and financial achievements, driven by record throughput and solid EBITDA growth. The company's strategic focus on organic growth, efficiency, and capital deployment underscores its commitment to sustained performance and value creation.

MPLX reports strong Q1 earnings, eyes global oil demand growth

MPLX's Q1 2024 performance reflects solid financial growth, operational advancements, and strategic positioning for future success. Despite short-term challenges, the company's focus on disciplined growth, capital optimization, and increasing distributions underscores a positive outlook for investors.

MPLX reports solid Q2 performance, eyes growth in energy sectors

MPLX's Q2 2024 performance reflects strong financials, operational efficiency, and strategic investments for future growth.
While maintaining financial stability and returning value to shareholders, the company faces challenges in operational management and market dynamics.
Strategic focus on growth opportunities in key energy value chains presents MPLX with avenues for sustained growth and market leadership.

MPLX reports record Q3 earnings, eyes growth in natural gas

MPLX delivered strong financial performance with record adjusted EBITDA and distributable cash flow in Q3. The company showcased operational excellence and strategic growth advancements through acquisitions and organic opportunities. Challenges lie in balancing distribution growth with capital allocation, but opportunities for future growth are promising.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

MPLX Deserves A Place In Your Portfolio

Advance Auto Parts

Accenture Plc

Automatic Data Processing

Ball Corp

British American Tobacco

Boston Properties

Cigna

Carlisle Companies

Coterra Energy

Chevron

EOG Resources

Energy Transfer LP Unit

Johnson & Johnson

Lennar

Merck

Morgan Stanley

Microsoft

NRG Energy

Pfizer

Southern Copper

Stanley Black & Decker

Target

Taiwan Semiconductor Manufacturing

Tyson Foods

This article is part of our monthly series where we highlight five companies that are large-cap, relatively safe, dividend-paying, and are offering large discounts to their historical norms. We go over our filtering process to select just five conservative DGI stocks from more than 7,500 companies that are traded on U.S. exchanges, including OTC networks.

5 Relatively Safe And Cheap Dividend Stocks To Invest In - April 2023

Magellan Midstream Partners

Both MMP and MPLX are sleep well at night high yield equities. While MMP has a higher credit rating, MPLX has a cheaper valuation.

Better High Yield SWAN Buy: Magellan Midstream Or MPLX?

Analog Devices

Ally Financial

American Tower

Amazon

Broadcom

Best Buy

Boston Omaha

Carrier Global

Cogent Communications Holdings

Comcast

CVS Health

Digital Realty Trust

Enterprise Products Partners

Essential Properties Realty Trust Inc

Fidelity National Financial

Corning

General Motors

Home Depot

Lockheed Martin

Medical Properties Trust

Realty Income Corp

Starbucks

Dividends received in March totaled $644.63, a new personal record. Forward dividend income grew by $130, translating to M/M growth of 2.27%.

My Dividend Growth Income - March 2023 Update

MPLX LP (MPLX) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Investors Heavily Search MPLX LP (MPLX): Here is What You Need to Know

Being a leading midstream energy player, MPLX has the least exposure to commodity price fluctuations.

Why Investors Should Consider Retaining MPLX Stock Right Now

ASML Hld

Legal & General Group PLC

Lowe's

Mastercard

Altria

QUALCOMM

Visa

High-yield blue chips are beloved by retirees and for good reason. They can help you pay the bills without ever having to sell a single share. Nothing lets you sleep well at night in a bear market like not having to worry about price volatility.

12 Dividend Blue-Chip Bargains That Will Leave You Swimming In Cash

DCP Midstream

Williams

Amid heightened volatility, it would be wise for investors to keep an eye on midstream stocks like DCP Midstream (DCP), The Williams Companies (WMB) and MPLX LP (MPLX).

Energy Market Is Volatile: 3 Midstream Stocks to Keep an Eye On

MPLX, MMP and EPD are among the best inflation-protected investments in today's markets.

Worried Over Interest Rates? Check Out 3 Oil Pipeline Stocks

Bear markets create ultra-yield opportunities, but none better than MPLX, the highest-yielding non-speculative blue chip on Wall Street. MPLX's utility-like business is generating stable 40% free cash flow margins that are rising over time.

MPLX: Potentially The Safest 9.2% Yield For The Coming Recession

Antero Midstream Partners

Hess Midstream Partners

Sunoco

While many can argue about the use of oil and natural gas versus renewable sources, the reality is that the internal combustion engine and natural gas fired power plants are not going anywhere, any time soon.

7 ‘Strong Buy' Energy MLPs That Pay Huge Dividends to Buy Now Before Oil Explodes Higher

Marathon Petroleum

MPC and other refiners are at peak earnings due to high crack spreads. However, much of MPC's value can be found in its midstream segment through its ownership of MPLX.

Marathon Is Likely At Peak Earnings, But MPLX Is A Hidden Gem

Recently, Zacks.com users have been paying close attention to MPLX LP (MPLX). This makes it worthwhile to examine what the stock has in store.

Here is What to Know Beyond Why MPLX LP (MPLX) is a Trending Stock

Kinder Morgan

Amid heightened volatility, it would be wise for investors to keep an eye on midstream stocks like Enterprise Products Partners (EPD), Kinder Morgan, Inc. (KMI) and MPLX (MPLX).

3 Midstream Energy Stocks to Gain Despite Prevailing Uncertainty

FINDLAY, Ohio , March 16, 2023 /PRNewswire/ -- MPLX LP (NYSE: MPLX) today announced that the company's 2022 investor tax packages are now available on its website, https://www.mplx.com. Investors may select the MPLX Tax Reporting Package link under the Investors tab, or use the following link: https://www.taxpackagesupport.com/mplx Additionally, MPLX plans to mail tax packages beginning March 22, 2023.

MPLX LP 2022 K-1 tax packages now available on company website

APA Corporation

ConocoPhillips

Devon Energy

Ovintiv

Targa Resources

The energy sector had a stellar 2022, but it has been largely sitting out the recent broader market rally.

The 5 Best- and Worst-Performing Energy Stocks in February 2023

FINDLAY, Ohio , March 9, 2023 /PRNewswire/ -- MPLX LP (NYSE: MPLX) will host a conference call on Tuesday, May 2, 2023, at 9:30 a.m. EDT to discuss 2023 first-quarter financial results.

MPLX LP to Report First-Quarter Financial Results on May 2, 2023

MPLX generates stable and predictable cash flows from its energy transportation and storage business. MPLX achieved strong dividend coverage in 2022 and in Q4 '22 which protects the dividend and ensures dividend growth.

MPLX: This 8.9% Midstream Yield Is A Strong Buy

Alliance Resource Partners

Icahn Enterprises

USA Compression Partners

Most investors think of master limited partnerships (MLPs) as strictly investment vehicles in the energy business, but there are other types, including one that is run by one of the most iconic and legendary investors of our time.

5 Outstanding MLPs to Buy Now for Big Passive Income With Yields as High 14.9%

MPLX has been rewarding investors with both robust unit repurchases and distribution increases. Its distribution is well-covered and it maintains a strong balance sheet with low leverage.

9%-Yielding MPLX: Stick To Your Knitting

Kellogg

Dividends received in February totaled $244.23. Forward dividend income grew by $71.65, translating to M/M growth of 1.27%.

My Dividend Growth Income - February 2023 Update

MPLX LP (MPLX) reported earnings 30 days ago. What's next for the stock?

Why Is MPLX LP (MPLX) Down 0.9% Since Last Earnings Report?

Enbridge

KFA Mount Lucas Index Strategy ETF

ONEOK

Schwab US Dividend Equity ETF

Verizon

2023 is a time of maximum economic, inflation, and interest rate uncertainty. Stocks are likely to finish flat for the year, but might fall up to 20% along the way. High-yield investors are perfectly positioned to profit from the coming bull market because they are collecting safe 5% to 9% dividends while waiting for the bear market to end.

Build A 7%-Yielding Dream Retirement Portfolio With 12 Amazing Blue Chips

FINDLAY, Ohio , Feb. 23, 2023 /PRNewswire/ -- MPLX LP (NYSE: MPLX) today filed with the U.S. Securities and Exchange Commission its Annual Report on Form 10-K for the year ended Dec. 31, 2022. The filing can be viewed through a link on MPLX's website at http://www.mplx.com by selecting the "SEC Filings" link under the "Investors" tab.

MPLX LP files 2022 Form 10-K

News for MPLX Stock (MPLX)