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MPLX
Upturn stock ratingUpturn stock rating

MPLX LP (MPLX)

Upturn stock ratingUpturn stock rating
$53.65
Delayed price
Profit since last BUY8.89%
upturn advisory
Strong Buy
BUY since 53 days
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  • SELL Advisory (Loss)​
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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!

Upturn Star Rating

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Above Average Performance

These Stocks/ETFs, based on Upturn Advisory, frequently surpass the market, reflecting reliable and trustworthy advice.

AI Based Fundamental Rating

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Moderate Performance

These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.

Analysis of Past Performance

Type Stock
Historic Profit 21.35%
Avg. Invested days 67
Today’s Advisory Strong Buy
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
Stock Returns Performance Upturn Returns Performance 3.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 04/01/2025

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 -

ai summary icon Upturn AI SWOT

MPLX LP

stock logo

Company Overview

overview logo 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.

business area logo 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 logo 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

overview logo 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 logo 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

competitor logo 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.

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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.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization 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 -
Full time employees -

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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