Mplx Lp - Understand $mplx stock

$MPLX Market Cap: $50.55 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$11.84B

TTM

Gross Margin

60.27%

TTM

Net Earnings

$4.359B

TTM

Current Assets

$4.218B

Q3 2024

Current Liabilities

$4.267B

Q3 2024

Current Ratio

98.85%

Q3 2024

Total Assets

$38.52B

Q3 2024

Total Liabilities

$24.53B

Q3 2024

Book Value

$13.98B

Q3 2024

Cash

$2.426B

Q3 2024

P/E

11.60

Nov 29, 2024 EST

Free Cash Flow

$4.737B

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue	$11.28B	$11.61B	$10.03B	$7.569B	$9.041B	$7.005B	$3.867B	$3.029B	$1.101B	$793.0M	$713.0M	$461.9M	$410.6M	$404.3M	$383.5M
YoY Change	-2.86%	15.82%	32.47%	-16.28%	29.06%	81.15%	27.67%	175.11%	38.84%	11.22%	54.36%	12.49%	1.56%	5.42%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue	$11.28B	$11.61B	$10.03B	$7.569B	$9.041B	$7.005B	$3.867B	$3.029B	$1.101B	$793.0M	$713.0M	$461.9M	$410.6M	$404.3M	$383.5M
Cost Of Revenue	$4.658B	$5.022B	$4.233B	$3.276B	$3.707B	$3.002B	$1.698B	$1.348B	$451.0M	$242.8M	$230.5M	$173.8M	$162.9M	$177.6M	$160.6M
Gross Profit	$6.623B	$6.591B	$5.794B	$4.293B	$5.334B	$4.003B	$2.169B	$1.680B	$650.0M	$305.5M	$255.8M	$288.1M	$247.7M	$226.7M	$222.9M
Gross Profit Margin	58.71%	56.76%	57.78%	56.72%	59.0%	57.14%	56.09%	55.46%	59.04%	38.52%	35.88%	62.37%	60.33%	56.07%	58.12%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Selling, General & Admin	$510.0M	$450.0M	$473.0M	$503.0M	$487.0M	$399.0M	$295.0M	$277.0M	$140.0M	$72.00M	$59.90M	$105.5M	$79.40M	$70.70M	$67.50M
YoY Change	13.33%	-4.86%	-5.96%	3.29%	22.06%	35.25%	6.5%	97.86%	94.44%	20.2%	-43.22%	32.87%	12.31%	4.74%
% of Gross Profit	7.7%	6.83%	8.16%	11.72%	9.13%	9.97%	13.6%	16.49%	21.54%	23.57%	23.42%	36.62%	32.05%	31.19%	30.28%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$1.213B	$1.230B	$1.287B	$1.377B	$1.254B	$867.0M	$683.0M	$591.0M	$129.0M	$75.00M	$70.00M	$39.40M	$36.30M	$52.60M	$32.80M
YoY Change	-1.38%	-4.43%	-6.54%	9.81%	44.64%	26.94%	15.57%	358.14%	72.0%	7.14%	77.66%	8.54%	-30.99%	60.37%
% of Gross Profit	18.31%	18.66%	22.21%	32.08%	23.51%	21.66%	31.49%	35.18%	19.85%	24.55%	27.37%	13.68%	14.65%	23.2%	14.72%
Operating Expenses	$1.723B	$1.680B	$1.760B	$1.880B	$1.741B	$1.266B	$978.0M	$868.0M	$269.0M	$122.2M	$108.8M	$144.9M	$115.7M	$123.3M	$100.3M
YoY Change	2.56%	-4.55%	-6.38%	7.98%	37.52%	29.45%	12.67%	222.68%	120.13%	12.32%	-24.91%	25.24%	-6.16%	22.93%
Operating Profit	$4.900B	$4.911B	$4.034B	$2.413B	$3.593B	$2.737B	$1.191B	$812.0M	$381.0M	$183.3M	$147.0M	$143.2M	$132.0M	$103.4M	$122.6M
YoY Change	-0.22%	21.74%	67.18%	-32.84%	31.28%	129.81%	46.67%	113.12%	107.86%	24.69%	2.65%	8.48%	27.66%	-15.66%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Interest Expense	-$923.0M	-$848.0M	-$793.0M	-$834.0M	-$867.0M	-$604.0M	-$298.0M	-$211.0M	-$35.00M	-$4.100M	$100.0K	$1.300M	$2.100M	$200.0K	$0.00
YoY Change	8.84%	6.94%	-4.92%	-3.81%	43.54%	102.68%	41.23%	502.86%	753.66%	-4200.0%	-92.31%	-38.1%	950.0%
% of Operating Profit	-18.84%	-17.27%	-19.66%	-34.56%	-24.13%	-22.07%	-25.02%	-25.99%	-9.19%	-2.24%	0.07%	0.91%	1.59%	0.19%	0.0%
Other Income/Expense, Net	-$26.00M	-$77.00M	-$86.00M	-$62.00M	-$53.00M	-$119.0M	-$56.00M	-$50.00M	-$12.00M	-$1.000M	-$1.000M	-$200.0K	$0.00	$0.00
YoY Change	-66.23%	-10.47%	38.71%	16.98%	-55.46%	112.5%	12.0%	316.67%	1100.0%	0.0%	400.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Pretax Income	$3.977B	$3.986B	$3.113B	-$685.0M	$1.462B	$2.014B	$837.0M	$422.0M	$334.0M	$240.0M	$212.0M	$144.3M	$134.1M	$103.6M	$122.6M
YoY Change	-0.23%	28.04%	-554.45%	-146.85%	-27.41%	140.62%	98.34%	26.35%	39.17%	13.21%	46.92%	7.61%	29.44%	-15.5%
Income Tax	$11.00M	$8.000M	$1.000M	$2.000M	$0.00	$8.000M	$1.000M	-$12.00M	$1.000M	$1.000M	$1.000M	$300.0K	$100.0K	$300.0K	$300.0K
% Of Pretax Income	0.28%	0.2%	0.03%		0.0%	0.4%	0.12%	-2.84%	0.3%	0.42%	0.47%	0.21%	0.07%	0.29%	0.24%
Net Earnings	$3.829B	$3.944B	$3.077B	-$720.0M	$1.033B	$1.818B	$794.0M	$233.0M	$156.0M	$121.0M	$78.00M	$13.10M	$134.0M	$103.3M	$122.3M
YoY Change	-2.92%	28.18%	-527.36%	-169.7%	-43.18%	128.97%	240.77%	49.36%	28.93%	55.13%	495.42%	-90.22%	29.72%	-15.54%
Net Earnings / Revenue	33.94%	33.96%	30.69%	-9.51%	11.43%	25.95%	20.53%	7.69%	14.17%	15.26%	10.94%	2.84%	32.64%	25.55%	31.89%
Basic Earnings Per Share
Diluted Earnings Per Share	$3.82	$3.78	$2.996M	-$685.1K	$1.581M	$2.615M	$2.139M	$1.278M	$3.388M	$1.630M	$1.053M	$2.299M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Cash & Short-Term Investments	$1.048B	$238.0M	$13.00M	$15.00M	$15.00M	$77.00M	$5.000M	$234.0M	$43.00M	$27.00M	$54.00M	$217.0M	$0.00	$51.00M
YoY Change	340.34%	1730.77%	-13.33%	0.0%	-80.52%	1440.0%	-97.86%	444.19%	59.26%	-50.0%	-75.12%		-100.0%
Cash & Equivalents	$1.048B	$238.0M	$13.00M	$15.00M	$15.00M	$77.00M	$5.000M	$234.0M	$43.00M	$27.00M	$54.00M	$217.0M	$0.00	$0.00
Short-Term Investments													$0.00	$51.00M
Other Short-Term Assets	$42.00M	$61.00M	$61.00M	$258.0M	$119.0M	$103.0M	$37.00M	$33.00M	$50.00M	$7.000M	$9.000M	$3.000M	$0.00	$0.00
YoY Change	-31.15%	0.0%	-76.36%	116.81%	15.53%	178.38%	12.12%	-34.0%	614.29%	-22.22%	200.0%
Inventory	$159.0M	$148.0M	$142.0M	$118.0M	$110.0M	$98.00M	$65.00M	$55.00M	$51.00M	$12.00M	$12.00M	$9.000M	$9.000M	$10.00M
Prepaid Expenses
Receivables	$1.410B	$1.347B	$1.202B	$1.067B	$1.214B	$1.153B	$452.0M	$546.0M	$432.0M	$51.00M	$61.00M	$56.00M	$69.00M	$69.00M
Other Receivables	$149.0M	$111.0M	$89.00M	$57.00M	$26.00M	$9.000M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$220.0M	$0.00
Total Short-Term Assets	$2.808B	$1.905B	$1.507B	$1.515B	$1.484B	$1.440B	$559.0M	$868.0M	$576.0M	$97.00M	$135.0M	$284.0M	$299.0M	$131.0M
YoY Change	47.4%	26.41%	-0.53%	2.09%	3.06%	157.6%	-35.6%	50.69%	493.81%	-28.15%	-52.46%	-5.02%	128.24%
Property, Plant & Equipment	$19.76B	$19.36B	$20.54B	$21.76B	$22.74B	$21.53B	$12.19B	$11.41B	$9.997B	$1.009B	$967.0M	$910.0M	$867.0M	$848.0M
YoY Change	2.05%	-5.75%	-5.6%	-4.33%	5.65%	76.62%	6.83%	14.11%	890.78%	4.34%	6.26%	4.96%	2.24%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$3.743B	$4.095B	$3.981B	$4.036B	$5.275B	$4.901B	$4.010B	$2.471B	$2.458B
YoY Change	-8.6%	2.86%	-1.36%	-23.49%	7.63%	22.22%	62.28%	0.53%
Other Assets	$1.116B	$1.046B	$107.0M	$71.00M	$59.00M	$60.00M	$26.00M	$14.00M	$12.00M	$4.000M	$2.000M	$3.000M	$3.000M	$5.000M
YoY Change	6.69%	877.57%	50.7%	20.34%	-1.67%	130.77%	85.71%	16.67%	200.0%	100.0%	-33.33%	0.0%	-40.0%
Total Long-Term Assets	$33.72B	$33.76B	$34.00B	$34.90B	$38.95B	$37.89B	$18.94B	$16.64B	$15.53B	$1.118B	$1.074B	$1.017B	$1.004B	$987.0M
YoY Change	-0.12%	-0.71%	-2.58%	-10.39%	2.8%	100.02%	13.82%	7.17%	1288.91%	4.1%	5.6%	1.29%	1.72%
Total Assets	$36.53B	$35.67B	$35.51B	$36.41B	$40.43B	$39.33B	$19.50B	$17.51B	$16.10B	$1.215B	$1.209B	$1.301B	$1.303B	$1.118B
YoY Change
Accounts Payable	$431.0M	-$379.0M	$1.829B	$367.0M	$1.153B	$626.0M	$667.0M	$227.0M	$145.0M	$62.00M	$43.00M	$52.00M	$37.00M	$24.00M
YoY Change	-213.72%	-120.72%	398.37%	-68.17%	84.19%	-6.15%	193.83%	56.55%	133.87%	44.19%	-17.31%	40.54%	54.17%
Accrued Expenses	$804.0M	$1.546B	$722.0M	$564.0M	$747.0M	$855.0M	$513.0M	$431.0M	$409.0M				$6.000M	$6.000M
YoY Change	-47.99%	114.13%	28.01%	-24.5%	-12.63%	66.67%	19.03%	5.38%					0.0%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$1.135B	$988.0M	$499.0M	$766.0M	$9.000M					$1.000M	$1.000M	$1.000M	$1.000M	$1.000M
YoY Change	14.88%	98.0%	-34.86%	8411.11%						0.0%	0.0%	0.0%	0.0%
Total Short-Term Liabilities	$2.624B	$2.401B	$3.348B	$2.086B	$2.132B	$2.268B	$1.304B	$763.0M	$625.0M	$101.0M	$83.00M	$63.00M	$51.00M	$35.00M
YoY Change	9.29%	-28.29%	60.5%	-2.16%	-6.0%	73.93%	70.9%	22.08%	518.81%	21.69%	31.75%	23.53%	45.71%
Long-Term Debt	$20.19B	$19.78B	$19.04B	$20.34B	$20.67B	$18.93B	$7.945B	$5.422B	$5.255B	$644.0M	$10.00M	$11.00M	$11.00M	$12.00M
YoY Change	2.1%	3.88%	-6.42%	-1.59%	9.23%	138.21%	46.53%	3.18%	715.99%	6340.0%	-9.09%	0.0%	-8.33%
Other Long-Term Liabilities	$1.009B	$929.0M	$1.060B	$956.0M	$1.001B	$386.0M	$273.0M	$208.0M	$179.0M	$6.000M	$1.000M	$1.000M	$2.000M	$3.000M
YoY Change	8.61%	-12.36%	10.88%	-4.5%	159.33%	41.39%	31.25%	16.2%	2883.33%	500.0%	0.0%	-50.0%	-33.33%
Total Long-Term Liabilities	$21.20B	$20.71B	$20.10B	$21.30B	$21.67B	$19.31B	$8.218B	$5.630B	$5.434B	$650.0M	$11.00M	$12.00M	$13.00M	$15.00M
YoY Change	2.39%	3.03%	-5.64%	-1.73%	12.23%	135.0%	45.97%	3.61%	736.0%	5809.09%	-8.33%	-7.69%	-13.33%
Total Liabilities	$24.08B	$23.36B	$23.70B	$23.64B	$24.07B	$21.75B	$9.673B	$6.417B	$6.450B	$756.0M	$562.0M	$610.0M	$64.00M	$50.00M
YoY Change	3.08%	-1.43%	0.23%	-1.76%	10.65%	124.85%	50.74%	-0.51%	753.17%	34.52%	-7.87%	853.13%	28.0%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Basic Shares Outstanding
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $50.553 Billion

About MPLX LP

MPLX LP engages in the operation of midstream energy infrastructure and logistics assets, and distribution fuels services. The company is headquartered in Findlay, Ohio and currently employs 5,810 full-time employees. The company went IPO on 2012-10-26. 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.

Industry: Pipe Lines (No Natural Gas) Peers: Cheniere Energy, Inc. Cheniere Energy Partners, L.P. Energy Transfer LP ENTERPRISE PRODUCTS PARTNERS L.P. KINDER MORGAN, INC. Magellan Midstream Partners, L.P. ONEOK INC /NEW/ Targa Resources Corp. WILLIAMS COMPANIES, INC.