MPLX LP (N:MPLX)
Business Focus: Oil & Gas Transportation Services
| Sector: Energy | Industry: Oil & Gas Transportation Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 200 E. Hardin Street FINDLAY OH 45840 |
| Tel: | N/A |
| Website: | https://www.mplx.com |
| IR: | See website |
| Key People | ||
| Michael J. Hennigan Chairman of the Board, President, Chief Executive Officer of MPLX GP LLC | Kelly D. Wright Vice President, Controller of MPLX GP LLC | C. Kristopher Hagedorn Chief Financial Officer, Executive Vice President, Director of MPLX GP |
| Gregory S. Floerke Chief Operating Officer, Executive Vice President of MPLX GP LLC | Timothy J. Aydt Executive Vice President of MPLX GP LLC | David R. Heppner Senior Vice President of MPLX GP LLC |
| Rick D. Hessling Senior Vice President of MPLX GP LLC | Shawn M. Lyon Senior Vice President - Logistics and Storage of MPLX GP LLC | Brian K. Partee Senior Vice President of MPLX GP LLC | Kristina A. Kazarian Vice President - Finance and Investor Relations of MPLX GP LLC |
| Business Overview |
| MPLX LP is a diversified master limited partnership that owns and operates midstream energy infrastructure and logistics assets and provides fuel distribution services. The Company's segments include Logistics and Storage (L&S) and Gathering and Processing (G&P). The L&S segment primarily engages in the gathering, transportation, storage and distribution of crude oil, refined products, other hydrocarbon-based products, and renewables. The L&S segment also includes the operation of its refining logistics, fuel distribution and inland marine businesses, terminals, rail facilities and storage caverns. The G&P segment provides gathering, processing and transportation of natural gas, as well as the transportation, fractionation, storage and marketing of natural gas liquids (NGLs). Its assets include a network of crude oil and refined product pipelines; an inland marine business; light-product, asphalt, heavy oil and marine terminals; storage caverns, and others. |
| Financial Overview |
| For the three months ended 31 March 2024, MPLX LP revenues increased 5% to $2.85B. Net income applicable to common stockholders increased 9% to $995M. Revenues reflect Corporate segment increase of 15% to $674M, L&S segment increase of 3% to $1.07B. Net income benefited from Interest Costs Capitalized increase of 33% to $4M (income). Dividend per share increased from $0.78 to $0.85. |
| Employees: | 5,810 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $62,802M as of Mar 31, 2024 |
| Annual revenue (TTM): | $11,414M as of Mar 31, 2024 |
| EBITDA (TTM): | $6,205M as of Mar 31, 2024 |
| Net annual income (TTM): | $3,909M as of Mar 31, 2024 |
| Free cash flow (TTM): | $1,087M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $20,620M as of Mar 31, 2024 |
| Shares outstanding: | 1,016,195,695 as of Apr 26, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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