Business Focus: Oil & Gas Transportation Services

Sector:  Energy Industry:  Oil & Gas Transportation Services
See Regulatory Filings on SEC
Company Contact
Address: 200 E Hardin St
FINDLAY OH 45840-4963
Tel: N/A
IR: See website
Key People
Michael J. Hennigan
Chairman of the Board, President, Chief Executive Officer of MPLX GP LLC
Shawn M. Lyon
Vice President - Operations of MPLX GP LLC
Pamela K. M. Beall
Chief Financial Officer, Executive Vice President, Director of MPLX GP LLC
Gregory S. Floerke
Executive vice president - Gathering and Processing of MPLX GP LLC
John S. Swearingen
Executive Vice President - Logistics and Storage of MPLX GP LLC
Raymond L. Brooks
Senior Vice President of MPLX GP LLC
Rick D. Hessling
Senior Vice President of MPLX GP LLC
Brian K. Partee
Senior Vice President of MPLX GP LLC
David L. Whikehart
Senior Vice President of MPLX GP LLC
Molly R. Benson
Vice President, Chief Securities, Governance and Compliance Officer and Corporate Secretary of MPLX GP LLC
Business Overview
MPLX LP is a master limited partnership (MLP) formed by Marathon Petroleum Corporation (MPC) to own, operate, develop and acquire midstream energy infrastructure assets. The Company is engaged in the gathering, processing and transportation of natural gas; the gathering, transportation, fractionation, storage and marketing of natural gas liquids (NGLs), and the gathering, transportation and storage of crude oil and refined petroleum products. Its segments are Logistics and Storage (L&S), and Gathering and Processing (G&P). The L&S segment includes transportation and storage of crude oil, refined products and other hydrocarbon-based products. As of December 31, 2017, the G&P segment operated various natural gas gathering systems that had a combined 5,439 million cubic feet per day (mmcf/d) throughput capacity. As of December 31, 2017, its assets included infrastructure to support MPC, including approximately 2,194 miles of crude oil and refined product pipelines across 17 states.
Financial Overview
For the three months ended 31 March 2020, MPLX LP revenues decreased 56% to $992M. Net loss applicable to common stockholders totaled $2.76B vs. income of $483M. Revenues reflect G&P segment decrease of 6% to $758M. Net loss reflects G&P segment loss totaling $3.21B vs. income of $225M. Dividend per share increased from $0.65 to $0.69. Basic Earnings per Share excluding Extraordinary Items decreased from $0.61 to -$2.60.
Employees: 6,200 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $40,483M as of Mar 31, 2020
Annual revenue (TTM): $7,798M as of Mar 31, 2020
EBITDA (TTM): $3,617M as of Mar 31, 2020
Net annual income (TTM): -$2,303M as of Mar 31, 2020
Free cash flow (TTM): -$734.00M as of Mar 31, 2020
Net Debt Last Fiscal Year: $21,378M as of Mar 31, 2020
Shares outstanding: 1,058,603,592 as of May 1, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization