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

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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.

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MPLX's (MPLX) open season expansion will provide additional time to shippers to finalize commitments.

MPLX Declares Open Season Extension for SLC Pipeline Expansion

FINDLAY, Ohio, Oct. 23, 2020 /PRNewswire/ -- MPLX LP (NYSE: MPLX) announced today that it will extend its binding open season for the expansion of the SLC Core Pipeline System by two weeks. In response to feedback from potential shippers, MPLX is making modest revisions to its...

MPLX Announces Extension of Binding Open Season for Proposed Expansion of SLC Core Pipeline System

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FINDLAY, Ohio, Sept. 25, 2020 /PRNewswire/ -- MPLX LP (NYSE: MPLX) a master limited partnership sponsored by Marathon Petroleum Corp. (NYSE: MPC), will host a conference call with analysts on Monday, Nov. 2, 2020, at 11 a.m. EST to discuss 2020 third-quarter financial results, which will...

MPLX LP to Announce 2020 Third-Quarter Financial Results Nov. 2

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FINDLAY, Ohio, Sept. 25, 2020 /PRNewswire/ -- Marathon Petroleum Corporation (NYSE: MPC) and MPLX LP (NYSE: MPLX) today announced the redemption of (i) all of the $650 million outstanding aggregate principal amount of MPC's 3.400% senior notes due Dec. 15, 2020, and (ii) all of the $300...

Marathon Petroleum Corp. and MPLX LP announce redemption of outstanding senior notes

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The in-service date of the new takeaway capacity in MPLX's SLC Core Pipeline System is expected in first-quarter 2022.

MPLX Commences Binding Open Season for SLC Core Pipeline

FINDLAY, Ohio, Sept. 21, 2020 /PRNewswire/ -- MPLX LP (NYSE: MPLX) today launched a binding open season to assess shipper interest in firm priority capacity on the SLC Core Pipeline System, located in Wyoming, to transport crude oil from Fort Laramie Station, Wyoming, to Wahsatch Station,...

MPLX Announces Binding Open Season, Proposing Expansion of SLC Core Pipeline System

The company is well on the path to FCF positivity. So far, it has remained committed to paying its dividends.

MPLX: An Undervalued Midstream Opportunity

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

MPLX LP (MPLX) Down 8.9% Since Last Earnings Report: Can It Rebound?

While the market has questions about the payout's durability, this MLP firmly believes it's on solid ground.

This Energy Company Feels Strongly About the Sustainability of Its 14.5%-Yielding Dividend

FINDLAY, Ohio, Aug. 11, 2020 /PRNewswire/ -- MPLX LP (NYSE: MPLX) announced today that it has priced $3,000,000,000 in aggregate principal amount of unsecured senior notes in an underwritten public offering consisting of $1,500,000,000 aggregate principal amount of 1.75% senior notes due.

MPLX LP prices $3 billion senior notes offering

Contributions from gathering and processing business aid MPLX's Q2 earnings.

MPLX Beats Q2 Earnings Estimates on Higher Pipeline Tariff

MPLX LP: Cash Flow Important To The Parent Company

AUSTIN, Texas--(BUSINESS WIRE)--WhiteWater Midstream (WhiteWater), MPLX LP (NYSE: MPLX) and West Texas Gas, Inc. (WTG) have recently formed a Joint Venture (JV) to provide natural gas liquids (NGLs) takeaway capacity from MPLX and WTG gas processing plants in the Permian Basin to the NGL fractionation hub in Sweeny, TX.

WhiteWater Midstream Announces Strategic Joint Venture to Provide Permian Basin NGL Transportation Solutions

MPLX's Growth Is Muted But The Distribution Is Secure

After delivering a solid quarter amid the storm, this MLP has continued confidence in its big-time dividend, given what it sees ahead.

This 15%-Yielding Energy Stock Still Has Full Confidence in Its Dividend

MPLX LP (MPLX) CEO Mike Hennigan on Q2 2020 Results - Earnings Call Transcript

Shares of MPLX (NYSE:MPLX) rose 1.1% in pre-market trading after the company reported Q2 results.

Recap: MPLX Q2 Earnings

FINDLAY, Ohio, Aug. 3, 2020 /PRNewswire/ -- Reported net income attributable to MPLX of $648 million and adjusted EBITDA attributable to MPLX of $1.2 billion Generated $1.1 billion in net cash provided by operating activities and reported distribution coverage of 1.39x Maintained.

MPLX LP Reports Second-Quarter 2020 Financial Results

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MPLX: Offering A 20% CAGR Even If Distributions Are Slashed

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