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Complete financial analysis of MPLX LP (MPLX) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of MPLX LP, a leading company in the Oil & Gas Midstream industry within the Energy sector.
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MPLX LP (MPLX)
About MPLX LP
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.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 10.68B | 10.54B | 9.58B | 8.25B | 8.63B | 6.08B | 3.69B | 2.56B | 668.00M | 520.10M | 463.10M | 442.20M | 410.60M | 395.90M |
| Cost of Revenue | 5.86B | 6.25B | 5.52B | 4.65B | 4.97B | 3.56B | 2.38B | 1.72B | 383.00M | 293.00M | 279.40M | 257.60M | 162.90M | 259.70M |
| Gross Profit | 4.82B | 4.29B | 4.06B | 3.59B | 3.66B | 2.52B | 1.31B | 839.00M | 285.00M | 227.10M | 183.70M | 184.60M | 247.70M | 136.20M |
| Gross Profit Ratio | 45.14% | 40.69% | 42.35% | 43.57% | 42.42% | 41.45% | 35.49% | 32.82% | 42.66% | 43.66% | 39.67% | 41.75% | 60.33% | 34.40% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 379.00M | 335.00M | 353.00M | 378.00M | 388.00M | 291.00M | 241.00M | 193.00M | 104.00M | 64.80M | 53.70M | 49.80M | 0.00 | 30.30M |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 379.00M | 335.00M | 353.00M | 378.00M | 388.00M | 291.00M | 241.00M | 193.00M | 104.00M | 64.80M | 53.70M | 49.80M | 67.50M | 30.30M |
| Other Expenses | -716.00M | -481.00M | -11.00M | -134.00M | -13.00M | -34.00M | -44.00M | -64.00M | -25.00M | -21.00M | -17.00M | -8.70M | 115.70M | 2.50M |
| Operating Expenses | -337.00M | -146.00M | 342.00M | 244.00M | 375.00M | 257.00M | 197.00M | 129.00M | 79.00M | 43.80M | 36.70M | 41.10M | 115.70M | 32.80M |
| Cost & Expenses | 5.53B | 6.11B | 5.86B | 4.90B | 5.34B | 3.82B | 2.58B | 1.85B | 462.00M | 336.80M | 316.10M | 298.70M | 278.60M | 292.50M |
| Interest Income | 0.00 | 848.00M | 793.00M | 834.00M | 862.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 300.00K | 1.30M | 2.30M | 200.00K |
| Interest Expense | 923.00M | 925.00M | 879.00M | 896.00M | 915.00M | 661.00M | 354.00M | 211.00M | 35.00M | 4.10M | 200.00K | 200.00K | 200.00K | 0.00 |
| Depreciation & Amortization | 1.21B | 1.23B | 1.29B | 1.38B | 1.25B | 867.00M | 683.00M | 591.00M | 89.00M | 50.20M | 48.90M | 39.40M | 36.30M | 52.60M |
| EBITDA | 6.11B | 5.67B | 5.00B | 4.73B | 4.55B | 3.35B | 1.87B | 1.48B | 537.00M | 320.00M | 196.20M | 183.80M | 170.60M | 156.20M |
| EBITDA Ratio | 57.23% | 46.59% | 42.13% | 29.26% | 41.44% | 41.17% | 32.27% | 22.93% | 29.04% | 35.24% | 31.74% | 41.66% | 41.55% | 39.45% |
| Operating Income | 4.90B | 3.68B | 2.75B | 1.04B | 2.38B | 2.50B | 1.19B | 507.00M | 206.00M | 183.30M | 147.00M | 143.20M | 132.00M | 103.40M |
| Operating Income Ratio | 45.88% | 34.92% | 28.69% | 12.56% | 27.56% | 41.17% | 32.27% | 19.84% | 30.84% | 35.24% | 31.74% | 32.38% | 32.15% | 26.12% |
| Total Other Income/Expenses | -923.00M | -925.00M | -879.00M | -896.00M | -915.00M | -714.00M | -354.00M | -261.00M | 44.00M | -5.00M | -1.10M | 1.10M | 2.10M | 200.00K |
| Income Before Tax | 3.98B | 3.99B | 3.11B | -685.00M | 1.46B | 1.84B | 837.00M | 246.00M | 159.00M | 178.00M | 145.90M | 144.30M | 134.10M | 103.60M |
| Income Before Tax Ratio | 37.23% | 37.81% | 32.51% | -8.31% | 16.95% | 30.30% | 22.68% | 9.62% | 23.80% | 34.22% | 31.51% | 32.63% | 32.66% | 26.17% |
| Income Tax Expense | 11.00M | 8.00M | 1.00M | 2.00M | 380.00M | 8.00M | 1.00M | -12.00M | 2.00M | -100.00K | -200.00K | 300.00K | 100.00K | 300.00K |
| Net Income | 3.93B | 3.94B | 3.08B | -687.00M | 1.03B | 1.82B | 794.00M | 233.00M | 156.00M | 121.30M | 77.90M | 13.10M | 134.00M | 103.30M |
| Net Income Ratio | 36.78% | 37.42% | 32.14% | -8.33% | 11.98% | 29.91% | 21.51% | 9.12% | 23.35% | 23.32% | 16.82% | 2.96% | 32.64% | 26.09% |
| EPS | 3.83 | 3.75 | 2.86 | -0.65 | 1.03 | 2.39 | 1.07 | 0.00 | 1.02 | 1.55 | 1.05 | 0.17 | 3.63 | 2.80 |
| EPS Diluted | 3.82 | 3.75 | 2.86 | -0.65 | 1.03 | 2.39 | 1.06 | 0.00 | 1.01 | 1.55 | 1.05 | 0.17 | 3.63 | 2.80 |
| Weighted Avg Shares Out | 1.00B | 1.01B | 1.03B | 1.05B | 906.00M | 761.00M | 385.00M | 331.00M | 97.00M | 74.00M | 74.00M | 74.00M | 36.95M | 36.95M |
| Weighted Avg Shares Out (Dil) | 1.00B | 1.01B | 1.03B | 1.05B | 907.00M | 761.00M | 388.00M | 338.00M | 98.00M | 74.40M | 74.00M | 74.00M | 36.95M | 36.95M |
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Source: https://incomestatements.info
Category: Stock Reports