-2.39%
8.83%
17.26%
21.64%
35.11%
58.70%
116.57%

Company Description

MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States.It operates in two segments, Logistics and Storage, and Gathering and Processing.The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, exchange, 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 sale of residue gas and condensate.


It also engages in the inland marine businesses comprising transportation of light products, heavy oils, crude oil, renewable fuels, chemicals, and feedstocks in the Mid-Continent and Gulf Coast regions, as well as owns and operates boats and barges, including third-party chartered equipment, and 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 located through the pipeline, rail, marine, and over-the-road modes of 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 operates as a subsidiary of Marathon Petroleum Corporation.

Market Data

Last Price 52.09
Change Percentage -2.39%
Open 53.25
Previous Close 53.36
Market Cap ( Millions) 53065
Volume 1984589
Year High 53.32
Year Low 37.04
M A 50 49.05
M A 200 44.17

Financial Ratios

FCF Yield 8.93%
Dividend Yield 6.73%
ROE 32.32%
Debt / Equity 165.77%
Net Debt / EBIDTA 334.47%
Price To Book 3.86
Price Earnings Ratio 12.21
Price To FCF 11.2
Price To sales 4.86
EV / EBITDA 12.04

Business Breakdown

Expected Mid-Term Growth

Segment nΒ°1 -> Logistics and Storage

Expected Growth : 5 %

What the company do ?

MPLX LP's Logistics and Storage segment provides crude oil and refined products transportation, storage, and marketing services, connecting refineries to demand centers.

Why we expect these perspectives ?

MPLX LP's Logistics and Storage segment growth is driven by increasing demand for crude oil transportation and storage, expansion of pipeline infrastructure, strategic acquisitions, and growing production from shale plays. Additionally, the segment benefits from long-term contracts, fee-based revenue, and a strong balance sheet, enabling investments in growth projects and dividend distributions.

Segment nΒ°2 -> Gathering and Processing

Expected Growth : 7 %

What the company do ?

Gathering and Processing from MPLX LP involves collecting and processing natural gas and natural gas liquids from various sources, treating and separating the liquids, and transporting them to market.

Why we expect these perspectives ?

MPLX LP's 7% growth is driven by increasing crude oil and natural gas production, expansion of midstream infrastructure, and strategic acquisitions. Additionally, growing demand for refined products, improved operational efficiency, and favorable market conditions contribute to the company's growth momentum.

Mplx Lp Products

Product Range What is it ?
Crude Oil Transportation MPLX LP provides crude oil transportation services through its network of pipelines and terminals, connecting producers to refineries and other markets.
Refined Products Transportation MPLX LP transports refined petroleum products, such as gasoline, diesel, and jet fuel, from refineries to distribution terminals and retail outlets.
Natural Gas Processing MPLX LP processes natural gas, separating natural gas liquids (NGLs) and extracting valuable components such as ethane, propane, and butane.
NGL Fractionation MPLX LP fractionates NGLs into their individual components, such as ethane, propane, and butane, for use in various industries.
Marine Transportation MPLX LP provides marine transportation services, moving crude oil, refined products, and NGLs through its fleet of barges and towboats.

MPLX LP's Porter Forces

MPLX LP operates in the midstream energy industry, which has relatively low substitutability due to the specialized nature of its operations. However, there is some threat from alternative modes of transportation, such as pipelines and railroads.

MPLX LP's customers are primarily large oil and gas companies, which have limited bargaining power due to their dependence on MPLX's infrastructure and services.

MPLX LP relies on a diverse range of suppliers for its operations, including energy companies, construction firms, and equipment providers. While suppliers have some bargaining power, MPLX's scale and diversification mitigate this risk.

The midstream energy industry has significant barriers to entry, including high capital costs, regulatory hurdles, and the need for specialized expertise. This limits the threat of new entrants.

The midstream energy industry is highly competitive, with several large players competing for market share. MPLX LP faces intense rivalry from companies such as Enterprise Products Partners, Magellan Midstream Partners, and Plains All American Pipeline.

Capital Structure

Value
Debt Weight 60.53%
Debt Cost 4.50%
Equity Weight 39.47%
Equity Cost 10.59%
WACC 6.90%
Leverage 153.36%

Historical Valuation

Price/Earnings Ratio

Margin Valuation

Peers Valuation

Competitors

Company Rational
CQP Cheniere Energy Partners, L.P., through its subsidiaries, owns and operates natural gas liquefaction and export facility at the Sabine Pass liquefied natural gas (LNG) terminal located in Cameron Parish, Louisiana. …
ET Energy Transfer LP provides energy-related services. The company owns and operates approximately 11,600 miles of natural gas transportation pipeline, and three natural gas storage facilities in Texas and two natural …
WMB The Williams Companies, Inc., together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of Mexico, Northeast G&P, West, …
EPD Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. The company operates through four …
OKE ONEOK, Inc., together with its subsidiaries, engages in gathering, processing, storage, and transportation of natural gas in the United States. It operates through Natural Gas Gathering and Processing, Natural Gas …

Peers Metrics

DCF BETA

Parameters

Short Term Growth
Short term Time
Long-Term Growth
WACC
Target Price
52.08$
Current Price
52.09$
Potential
-0.00%

Expected Cash-Flows

Scoring Insights

Peers Group Analysis

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