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 St
FINDLAY OH 45840-4963
Tel: 1-419-4212423
Website: www.mplx.com
IR: See website
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Key People
Gary R. Heminger
Chairman of the Board, Chief Executive Officer of MPLX GP LLC
Peter Gilgen
Vice President, Treasurer of MPLX GP LLC
Michael J. Hennigan
President, Director of MPLX GP LLC
Pamela K. M. Beall
Chief Financial Officer, Executive Vice President, Director of MPLX GP LLC
John S. Swearingen
Vice President, Crude Oil and Refined Products Pipelines
Gregory S. Floerke
Executive Vice President and Chief Operating Officer - MarkWest Operations of MPLX GP LLC
Randy S. Nickerson
Executive Vice President and Chief Commercial Officer, MarkWest Assets
C. Kristopher Hagedorn
Chief Accounting Officer, Vice President, Controller of MPLX GP LLC
Molly R. Benson
Chief Compliance Officer, Vice President, Secretary of MPLX GP LLC
Shawn M. Lyon
Vice President - Operations 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 six months ended 30 June 2019, MPLX LP revenues increased 9% to $3.28B. Net income applicable to common stockholders increased 13% to $944M. Revenues reflect Corporate-Corporate segment increase of 12% to $736M. Net income benefited from L&S segment income increase of 18% to $966M, G&P segment income increase of 7% to $371M. Dividend per share increased from $1.23 to $1.31.
Employees: 4,500 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $43,906M as of Jun 30, 2019
Annual revenue (TTM): $6,702M as of Jun 30, 2019
EBITDA (TTM): $3,513M as of Jun 30, 2019
Net annual income (TTM): $1,849M as of Jun 30, 2019
Free cash flow (TTM): $969.00M as of Jun 30, 2019
Net Debt Last Fiscal Year: $15,034M as of Jun 30, 2019
Shares outstanding: 1,057,188,255 as of Aug 1, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization