1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies

Baron Funds Comments on MPLX LP

February 06, 2013 | About:

MPLX LP (NYSE:MPLX) is a master limited partnership formed by Marathon Petroleum Corp. (MPC) to own, operate, develop and grow its midstream fee based assets. It owns and operates a network of pipeline systems that include approximately 962 miles of common carrier crude oil pipelines and approximately 1,819 miles of common carrier product pipelines, five storage facilities (Crude oil and product) and a barge dock in nine states. Based on our analysis, MPLX can grow its footprint substantially (3-5 times) over the next five plus years though accretive acquisitions from its parent company MPC, organic growth projects around existing footprint and new projects' development. In addition, MPLX structures its contracts on a fee basis and strips out commodity pricing exposure from its cash flow. Hence, we believe that MPLX represents an attractive growth opportunity at a relatively low risk. (Gilad Shany)

From Baron Funds' fourth quarter letter.

Rating: 0.0/5 (0 votes)


Please leave your comment:

GuruFocus has detected 4 Warning Signs with MPLX LP $MPLX.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

User Generated Screeners

andrewgu999revenue growth
andrewgu999high operating margin
DBrizanCDN dividend 25pMar2017
DBrizanCDN dividend 25Mar2017
DBrizanCDN dividend 24Mar2017
dosowsky11 Year Growth ROE
G7dar2Pg4Cwc3RxTpm7z52Wk Magic Global
HOLKLSUTop 10 Gurus Holding and Addin
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)