Stock MPLX MPLX LP
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Financials MPLX LP

Equities

MPLX

US55336V1008

Oil & Gas Transportation Services

Market Closed - Nyse
Other stock markets
 04:00:02 2024-05-14 pm EDT 		5-day change 1st Jan Change
40.45 USD -1.80% Intraday chart for MPLX LP -2.93% +10.16%
May. 13 MPLX Names Maryann Mannen as CEO of General Partner MT
May. 13 Marathon Petroleum names insider Maryann Mannen as CEO RE

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 26,946 22,520 30,178 32,946 36,765 41,349 - -
Enterprise Value (EV) 1 46,635 42,644 48,736 52,504 56,148 60,825 59,922 58,987
P/E ratio 25.5 x -27.1 x 10.3 x 8.76 x 9.66 x 9.95 x 9.38 x 8.96 x
Yield 10.6% 12.7% 11.4% 9.01% 8.85% 8.72% 9.37% 10.1%
Capitalization / Revenue 2.98 x 2.98 x 3.01 x 2.84 x 3.26 x 3.48 x 3.38 x 3.41 x
EV / Revenue 5.16 x 5.63 x 4.86 x 4.52 x 4.98 x 5.12 x 4.9 x 4.86 x
EV / EBITDA 10.8 x 8.18 x 8.77 x 9.09 x 8.96 x 9.18 x 8.79 x 8.38 x
EV / FCF 26.7 x 12.1 x 11.1 x 12.5 x 13.6 x 15.3 x 12.5 x 11.7 x
FCF Yield 3.75% 8.27% 9.03% 8.02% 7.36% 6.55% 8.03% 8.52%
Price to Book 1.41 x 1.75 x 2.57 x 2.67 x 2.9 x 3.05 x 2.93 x 2.85 x
Nbr of stocks (in thousands) 1,058,355 1,040,169 1,019,864 1,003,243 1,001,217 1,022,237 - -
Reference price 2 25.46 21.65 29.59 32.84 36.72 40.45 40.45 40.45
Announcement Date 1/29/20 2/2/21 2/2/22 1/31/23 1/30/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 9,041 7,569 10,027 11,613 11,281 11,871 12,241 12,137
EBITDA 1 4,334 5,211 5,560 5,775 6,269 6,626 6,816 7,036
EBIT 1 2,377 211 3,992 4,911 4,900 5,099 5,344 5,486
Operating Margin 26.29% 2.79% 39.81% 42.29% 43.44% 42.95% 43.65% 45.2%
Earnings before Tax (EBT) 1 1,462 -685 3,113 3,986 3,977 4,148 4,365 4,608
Net income 1 935 -842 2,936 3,815 3,829 4,105 4,304 4,560
Net margin 10.34% -11.12% 29.28% 32.85% 33.94% 34.58% 35.16% 37.57%
EPS 2 1.000 -0.8000 2.860 3.750 3.800 4.066 4.311 4.514
Free Cash Flow 1 1,748 3,528 4,399 4,213 4,135 3,986 4,812 5,026
FCF margin 19.33% 46.61% 43.87% 36.28% 36.65% 33.57% 39.31% 41.41%
FCF Conversion (EBITDA) 40.33% 67.7% 79.12% 72.95% 65.96% 60.15% 70.61% 71.43%
FCF Conversion (Net income) 186.95% - 149.83% 110.43% 107.99% 97.1% 111.81% 110.22%
Dividend per Share 2 2.690 2.750 3.360 2.960 3.250 3.528 3.792 4.093
Announcement Date 1/29/20 2/2/21 2/2/22 1/31/23 1/30/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 2,734 2,610 2,940 3,401 2,662 2,713 2,690 2,912 2,966 2,846 2,958 3,056 3,023 3,039 3,036
EBITDA 1 1,445 1,393 1,457 1,471 1,454 1,519 1,531 1,596 1,623 1,635 1,635 1,685 1,674 1,656 1,676
EBIT 1 1,056 1,060 1,117 1,674 1,060 1,196 1,175 1,154 1,375 1,251 1,258 1,308 1,279 1,337 1,303
Operating Margin 38.62% 40.61% 37.99% 49.22% 39.82% 44.08% 43.68% 39.63% 46.36% 43.96% 42.52% 42.8% 42.32% 44% 42.91%
Earnings before Tax (EBT) 1 838 838 884 1,438 826 953 942 929 1,153 1,016 1,033 1,077 1,036 1,062 1,076
Net income 1 799 793 844 1,395 783 915 910 893 1,111 995 1,015 1,060 1,031 1,036 1,050
Net margin 29.22% 30.38% 28.71% 41.02% 29.41% 33.73% 33.83% 30.67% 37.46% 34.96% 34.3% 34.68% 34.09% 34.1% 34.57%
EPS 2 0.7800 0.7800 0.8300 1.360 0.7800 0.9100 0.9100 0.8900 1.100 0.9800 0.9993 1.031 1.042 1.011 1.051
Dividend per Share 2 0.7050 0.7050 0.7050 0.7750 0.7750 0.7750 0.7750 - 0.8500 - 0.8500 0.9158 0.9158 0.9229 0.9210
Announcement Date 2/2/22 5/3/22 8/2/22 11/1/22 1/31/23 5/2/23 8/1/23 10/31/23 1/30/24 4/30/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 19,689 20,124 18,558 19,558 19,383 19,475 18,572 17,637
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 4.543 x 3.862 x 3.338 x 3.387 x 3.092 x 2.939 x 2.725 x 2.507 x
Free Cash Flow 1 1,748 3,528 4,399 4,213 4,135 3,986 4,813 5,026
ROE (net income / shareholders' equity) 12.6% -5.68% 23.9% 27.2% 29.7% 31.1% 31.1% 31.1%
ROA (Net income/ Total Assets) 5.35% -2.19% 8.16% 10.7% 10.6% 11.4% 12.5% 12.5%
Assets 1 17,488 38,421 35,961 35,586 36,097 36,007 34,434 36,477
Book Value Per Share 2 18.10 12.40 11.50 12.30 12.70 13.30 13.80 14.20
Cash Flow per Share 2 4.500 4.300 4.780 4.970 5.390 4.650 4.900 -
Capex 1 2,334 993 596 806 937 1,146 1,252 1,306
Capex / Sales 25.82% 13.12% 5.94% 6.94% 8.31% 9.65% 10.23% 10.76%
Announcement Date 1/29/20 2/2/21 2/2/22 1/31/23 1/30/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for MPLX LP

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
15
Last Close Price
40.45 USD
Average target price
45.13 USD
Spread / Average Target
+11.58%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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