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Market Cap

US$27.6b

Last Updated

2021/04/19 22:40 UTC

Data Sources

Company Financials +

Executive Summary

MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. More Details


Snowflake Analysis

Reasonable growth potential unattractive dividend payer.


Similar Companies

Share Price & News

How has MPLX's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MPLX is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: MPLX's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

3.0%

MPLX

0.4%

US Oil and Gas

1.3%

US Market


1 Year Return

88.7%

MPLX

43.9%

US Oil and Gas

53.8%

US Market

Return vs Industry: MPLX exceeded the US Oil and Gas industry which returned 43.9% over the past year.

Return vs Market: MPLX exceeded the US Market which returned 53.8% over the past year.


Shareholder returns

MPLXIndustryMarket
7 Day3.0%0.4%1.3%
30 Day2.5%-0.3%5.1%
90 Day10.2%13.9%8.9%
1 Year117.9%88.7%53.8%43.9%56.6%53.8%
3 Year4.7%-23.5%-18.0%-29.5%64.4%53.6%
5 Year29.9%-16.2%-4.5%-23.8%120.4%95.7%

Long-Term Price Volatility Vs. Market

How volatile is MPLX's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is MPLX undervalued compared to its fair value and its price relative to the market?

22.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MPLX ($26.61) is trading below our estimate of fair value ($32.8)

Significantly Below Fair Value: MPLX is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: MPLX is unprofitable, so we can't compare its PE Ratio to the US Oil and Gas industry average.

PE vs Market: MPLX is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MPLX's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MPLX is overvalued based on its PB Ratio (2.3x) compared to the US Oil and Gas industry average (1.4x).


Future Growth

How is MPLX forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

35.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MPLX is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: MPLX is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: MPLX's is expected to become profitable in the next 3 years.

Revenue vs Market: MPLX's revenue (1.9% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: MPLX's revenue (1.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MPLX's Return on Equity is forecast to be high in 3 years time (22.2%)


Past Performance

How has MPLX performed over the past 5 years?

-17.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MPLX is currently unprofitable.

Growing Profit Margin: MPLX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MPLX is unprofitable, and losses have increased over the past 5 years at a rate of 17% per year.

Accelerating Growth: Unable to compare MPLX's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MPLX is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-44.6%).


Return on Equity

High ROE: MPLX has a negative Return on Equity (-4.91%), as it is currently unprofitable.


Financial Health

How is MPLX's financial position?


Financial Position Analysis

Short Term Liabilities: MPLX's short term assets ($1.5B) do not cover its short term liabilities ($2.1B).

Long Term Liabilities: MPLX's short term assets ($1.5B) do not cover its long term liabilities ($20.3B).


Debt to Equity History and Analysis

Debt Level: MPLX's debt to equity ratio (143.9%) is considered high.

Reducing Debt: MPLX's debt to equity ratio has increased from 54.3% to 143.9% over the past 5 years.

Debt Coverage: MPLX's debt is well covered by operating cash flow (22.5%).

Interest Coverage: MPLX is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Dividend

What is MPLX current dividend yield, its reliability and sustainability?

10.30%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MPLX's dividend (10.33%) is higher than the bottom 25% of dividend payers in the US market (1.24%).

High Dividend: MPLX's dividend (10.33%) is in the top 25% of dividend payers in the US market (3.46%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, MPLX has been paying a dividend for less than 10 years.

Growing Dividend: MPLX's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: MPLX is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: MPLX's dividends in 3 years are not forecast to be well covered by earnings (105.5% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.5yrs

Average management tenure


CEO

Mike Hennigan (61 yo)

1.42yrs

Tenure

US$12,876,580

Compensation

Mr. Michael J. Hennigan, also known as Mike, is Chairman of the Board of MPLX GP LLC, the General Partner of MPLX LP since April 29, 2020. Mr. Hennigan is Chief Executive Officer at MPLX GP LLC, the Genera...


CEO Compensation Analysis

Compensation vs Market: Mike's total compensation ($USD12.88M) is about average for companies of similar size in the US market ($USD11.16M).

Compensation vs Earnings: Mike's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: MPLX's management team is considered experienced (2.5 years average tenure).


Board Members

Experienced Board: MPLX's board of directors are considered experienced (6.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

MPLX LP's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: MPLX LP
  • Ticker: MPLX
  • Exchange: NYSE
  • Founded: 2012
  • Industry: Oil and Gas Storage and Transportation
  • Sector: Energy
  • Implied Market Cap: US$27.599b
  • Market Cap: US$27.599b
  • Shares outstanding: 1.04b
  • Website: https://www.mplx.com

Location

  • MPLX LP
  • 200 East Hardin Street
  • Findlay
  • Ohio
  • 45840-3229
  • United States

Listings


Biography

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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/19 22:40
End of Day Share Price2021/04/19 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.