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MPLX LP (MPLX)



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Upturn Advisory Summary
04/01/2025: MPLX (4-star) is a STRONG-BUY. BUY since 53 days. Profits (8.89%). Updated daily EoD!
Analysis of Past Performance
Type Stock | Historic Profit 21.35% | Avg. Invested days 67 | Today’s Advisory Strong Buy |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Large-Cap Stock | Market Capitalization 54.86B USD | Price to earnings Ratio 12.74 | 1Y Target Price 56.38 |
Price to earnings Ratio 12.74 | 1Y Target Price 56.38 | ||
Volume (30-day avg) 1847111 | Beta 1.36 | 52 Weeks Range 36.51 - 54.87 | Updated Date 04/2/2025 |
52 Weeks Range 36.51 - 54.87 | Updated Date 04/2/2025 | ||
Dividends yield (FY) 7.13% | Basic EPS (TTM) 4.21 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 38.78% | Operating Margin (TTM) 40.53% |
Management Effectiveness
Return on Assets (TTM) 7.57% | Return on Equity (TTM) 31.58% |
Valuation
Trailing PE 12.74 | Forward PE 11.88 | Enterprise Value 74641723479 | Price to Sales(TTM) 4.93 |
Enterprise Value 74641723479 | Price to Sales(TTM) 4.93 | ||
Enterprise Value to Revenue 6.85 | Enterprise Value to EBITDA 11.32 | Shares Outstanding 1022510016 | Shares Floating 373512598 |
Shares Outstanding 1022510016 | Shares Floating 373512598 | ||
Percent Insiders 63.49 | Percent Institutions 23.84 |
Analyst Ratings
Rating 3.88 | Target Price 51.5 | Buy 5 | Strong Buy 5 |
Buy 5 | Strong Buy 5 | ||
Hold 5 | Sell 1 | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
MPLX LP
Company Overview
History and Background
MPLX LP was formed in 2012 by Marathon Petroleum Corporation (MPC) to own, operate, develop and acquire midstream energy infrastructure. It has grown through acquisitions and organic projects to become a major midstream player.
Core Business Areas
- Gathering and Processing: Gathers, processes, and transports natural gas and natural gas liquids (NGLs).
- Logistics and Storage: Provides crude oil and refined product logistics and storage services.
Leadership and Structure
MPLX LP is led by Michael J. Hennigan (Chairman, President and CEO). It operates as a master limited partnership (MLP) with Marathon Petroleum Corporation (MPC) as its general partner.
Top Products and Market Share
Key Offerings
- Natural Gas Gathering and Processing: Gathering natural gas from production sites, processing to remove impurities, and transporting it to market. Market share information is difficult to pinpoint precisely, but MPLX is a significant player in key basins such as the Marcellus and Utica Shale. Competitors include Kinder Morgan (KMI) and Energy Transfer (ET).
- Crude Oil Transportation and Storage: Providing pipeline transportation and storage services for crude oil. MPLX operates a large network of pipelines and storage facilities. Competitors include Plains All American Pipeline (PAA) and Enterprise Products Partners (EPD).
- Refined Products Transportation and Storage: Transporting and storing refined petroleum products, such as gasoline and diesel. MPLX operates pipelines and terminals for refined products. Competitors include Buckeye Partners (BPL) and Magellan Midstream Partners (MMP), although MMP was acquired by ONEOK.
Market Dynamics
Industry Overview
The midstream energy sector is driven by the production and consumption of crude oil, natural gas, and refined products. Demand for transportation and storage services is influenced by production levels, infrastructure development, and regulatory changes.
Positioning
MPLX LP is a diversified midstream company with a strong presence in key shale basins. Its relationship with Marathon Petroleum provides a stable source of business and growth opportunities. MPLX benefits from long-term contracts and fee-based revenue streams.
Total Addressable Market (TAM)
The global midstream oil and gas market is estimated to be in the hundreds of billions of USD. MPLX LP, with its extensive asset base and strategic positioning, is positioned to capture a significant portion of this market, focusing primarily on the US. A precise TAM for MPLX is difficult to determine, but it aligns with the North American midstream sector value.
Upturn SWOT Analysis
Strengths
- Diversified asset base
- Strong relationship with Marathon Petroleum
- Fee-based revenue model
- Strategic locations in key shale basins
- Significant scale and operational expertise
Weaknesses
- Exposure to commodity price fluctuations (indirectly)
- Dependence on Marathon Petroleum
- Regulatory risks
- Capital intensive business
- Potential conflicts of interest as an MLP
Opportunities
- Organic growth projects
- Acquisitions of complementary assets
- Expansion of existing infrastructure
- Increased demand for natural gas and NGLs
- Growth in renewable fuels transportation
Threats
- Decline in oil and gas production
- Increased competition
- Regulatory changes
- Environmental concerns
- Economic downturn
Competitors and Market Share
Key Competitors
- KMI
- EPD
- WMB
- PAA
Competitive Landscape
MPLX LP competes with other midstream companies based on asset locations, service offerings, and cost competitiveness. Its relationship with MPC provides a strategic advantage. MPLX's competitive advantages include its diversified asset base, strategic locations, and strong financial position. Its disadvantages may include its dependence on MPC and exposure to regulatory risks.
Major Acquisitions
Andeavor Logistics LP
- Year: 2019
- Acquisition Price (USD millions): 9000
- Strategic Rationale: Expanded MPLX's presence in the Permian Basin and other key areas, enhancing its crude oil and refined products transportation and storage capabilities.
Growth Trajectory and Initiatives
Historical Growth: MPLX LP has grown through organic projects and acquisitions, expanding its asset base and increasing its earnings. Growth trends are visible in its historical financial statements.
Future Projections: Future growth projections are based on analyst estimates and company guidance. These projections are subject to change based on market conditions and company performance.
Recent Initiatives: Recent strategic initiatives include investments in new pipeline projects, expansions of existing infrastructure, and acquisitions of complementary assets to improve their logistics and gas processing.
Summary
MPLX LP is a strong midstream company benefiting from its relationship with Marathon Petroleum and diversified asset base. Its fee-based revenue model provides stability, but it faces risks from regulatory changes and commodity price fluctuations. The company's growth trajectory is supported by organic projects and acquisitions. MPLX should continue to focus on operational efficiency and strategic investments to enhance shareholder value.
Similar Companies

EPD

Enterprise Products Partners LP



EPD

Enterprise Products Partners LP

KMI

Kinder Morgan Inc



KMI

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PAA

Plains All American Pipeline LP



PAA

Plains All American Pipeline LP

WMB

Williams Companies Inc



WMB

Williams Companies Inc
Sources and Disclaimers
Data Sources:
- Company filings (e.g., 10-K, 10-Q)
- Earnings call transcripts
- Analyst reports
- Industry publications
- MPLX Investor Relations
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Market conditions and company performance are subject to change. Consult with a financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About MPLX LP
Exchange NYSE | Headquaters Findlay, OH, United States | ||
IPO Launch date 2012-10-26 | President, CEO & Director of MPLX GP LLC Ms. Maryann T. Mannen | ||
Sector Energy | Industry Oil & Gas Midstream | Full time employees - | Website https://www.mplx.com |
Full time employees - | Website https://www.mplx.com |
MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. It operates in two segments, Crude Oil and Products Logistics; and Natural Gas and NGL Services. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, storage, and marketing of natural gas liquids; gathering, storage, transportation, and distribution of crude oil and refined products, as well as other hydrocarbon-based products and renewables; and sale of residue gas and condensate. It also engages in inland marine businesses, comprising fleet of boats and barges transport light products, heavy oils, crude oil, renewable fuels, chemicals, and feedstocks in the Mid-Continent and Gulf Coast regions, as well as a marine repair facility located on the Ohio River; and distribution of fuel, as well as operates refining logistics, terminals, rail facilities, and storage caverns. In addition, the company operates terminal facilities for the receipt, storage, blending, additization, handling, and redelivery of refined petroleum products through the pipeline, rail, marine, and truck transportation. MPLX GP LLC acts as the general partner of MPLX LP. The company was incorporated in 2012 and is headquartered in Findlay, Ohio. MPLX LP is a subsidiary of Marathon Petroleum Corporation.
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