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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 8/10

vs
industry
vs
history
Cash to Debt 0.12
MPLX's Cash to Debt is ranked higher than
83% of the 144 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.05 vs. MPLX: 0.12 )
MPLX' s 10-Year Cash to Debt Range
Min: 0.01   Max: No Debt
Current: 0.12

Equity to Asset 0.41
MPLX's Equity to Asset is ranked higher than
75% of the 175 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.40 vs. MPLX: 0.41 )
MPLX' s 10-Year Equity to Asset Range
Min: 0.41   Max: 0.96
Current: 0.41

0.41
0.96
Interest Coverage 735.00
MPLX's Interest Coverage is ranked higher than
91% of the 140 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.80 vs. MPLX: 735.00 )
MPLX' s 10-Year Interest Coverage Range
Min: 660   Max: 9999.99
Current: 735

660
9999.99
F-Score: 6
Z-Score: 5.15
M-Score: -3.94
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) 33.90
MPLX's Operating margin (%) is ranked higher than
89% of the 176 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 10.87 vs. MPLX: 33.90 )
MPLX' s 10-Year Operating margin (%) Range
Min: 25.58   Max: 32.15
Current: 33.9

25.58
32.15
Net-margin (%) 21.00
MPLX's Net-margin (%) is ranked higher than
85% of the 176 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 5.62 vs. MPLX: 21.00 )
MPLX' s 10-Year Net-margin (%) Range
Min: 16.02   Max: 32.64
Current: 21

16.02
32.64
ROE (%) 20.36
MPLX's ROE (%) is ranked higher than
89% of the 180 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 7.15 vs. MPLX: 20.36 )
MPLX' s 10-Year ROE (%) Range
Min: 8.32   Max: 21.63
Current: 20.36

8.32
21.63
ROA (%) 9.36
MPLX's ROA (%) is ranked higher than
93% of the 182 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.06 vs. MPLX: 9.36 )
MPLX' s 10-Year ROA (%) Range
Min: 6.21   Max: 20.57
Current: 9.36

6.21
20.57
ROC (Joel Greenblatt) (%) 18.80
MPLX's ROC (Joel Greenblatt) (%) is ranked higher than
93% of the 176 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 9.39 vs. MPLX: 18.80 )
MPLX' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 14.11   Max: 23.68
Current: 18.8

14.11
23.68
» MPLX's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q4 2013

MPLX Guru Trades in Q4 2013

Jim Simons 5,587 sh (New)
Ron Baron 82,500 sh (-90.9%)
» More
Q1 2014

MPLX Guru Trades in Q1 2014

Ron Baron 82,500 sh (unchged)
Jim Simons Sold Out
» More
Q2 2014

MPLX Guru Trades in Q2 2014

Ron Baron 75,000 sh (-9.09%)
» More
Q3 2014

MPLX Guru Trades in Q3 2014

Jim Simons 38,100 sh (New)
Ron Baron 75,000 sh (unchged)
» More
» Details

Insider Trades

Latest Guru Trades with MPLX

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Ron Baron 2013-12-31 Reduce -90.9%0.14%$35.97 - $43.08 $ 66.4576%82500
Ron Baron 2012-12-31 New Buy0.2%$26.69 - $31.31 $ 66.45132%986235
Premium More recent guru trades are included for Premium Members only!!
Premium More recent guru trades are included for USA Subscribe Members only!!
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Guru Investment Theses on MPLX LP

Baron Funds Comments on MPLX LP - Feb 20, 2013

We started new positions in MPLX LP (MPLX), a growth master limited partnership, recently formed by Marathon Petroleum to own and operate midstream assets.We own a handful of MLPs (Targa Resources Corp., Susser Petroleum Partners LP, Golar LNG Partners L.P.) and favor those with stable businesses and strong growth potential and believe MPLX fits the bill and should be able to expand earnings and dividends by over 20% per year for the foreseeable future.

From Baron Funds' fourth quarter commentary.


Check out Ron Baron latest stock trades

Baron Funds Comments on MPLX LP - Feb 06, 2013

MPLX LP (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.


Check out Ron Baron latest stock trades

Ratios

vs
industry
vs
history
P/E(ttm) 47.20
MPLX's P/E(ttm) is ranked higher than
71% of the 184 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 34.80 vs. MPLX: 47.20 )
MPLX' s 10-Year P/E(ttm) Range
Min: 34.44   Max: 49.75
Current: 47.2

34.44
49.75
P/B 10.00
MPLX's P/B is ranked higher than
56% of the 184 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.36 vs. MPLX: 10.00 )
MPLX' s 10-Year P/B Range
Min: 1.82   Max: 10.53
Current: 10

1.82
10.53
P/S 5.30
MPLX's P/S is ranked higher than
66% of the 184 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.66 vs. MPLX: 5.30 )
MPLX' s 10-Year P/S Range
Min: 2.4   Max: 5.55
Current: 5.3

2.4
5.55
PFCF 19.10
MPLX's PFCF is ranked higher than
94% of the 184 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 9999.00 vs. MPLX: 19.10 )
MPLX' s 10-Year PFCF Range
Min: 8.9   Max: 21.8
Current: 19.1

8.9
21.8
EV-to-EBIT 30.26
MPLX's EV-to-EBIT is ranked higher than
73% of the 184 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 26.30 vs. MPLX: 30.26 )
MPLX' s 10-Year EV-to-EBIT Range
Min: 6.5   Max: 29.8
Current: 30.26

6.5
29.8
Current Ratio 1.16
MPLX's Current Ratio is ranked higher than
79% of the 182 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.05 vs. MPLX: 1.16 )
MPLX' s 10-Year Current Ratio Range
Min: 1.16   Max: 7.14
Current: 1.16

1.16
7.14
Quick Ratio 1.03
MPLX's Quick Ratio is ranked higher than
82% of the 182 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.92 vs. MPLX: 1.03 )
MPLX' s 10-Year Quick Ratio Range
Min: 1.03   Max: 6.96
Current: 1.03

1.03
6.96

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.00
MPLX's Dividend Yield is ranked lower than
89% of the 158 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 4.25 vs. MPLX: 2.00 )
MPLX' s 10-Year Dividend Yield Range
Min: 0.46   Max: 2.8
Current: 2

0.46
2.8
Dividend Payout 0.24
MPLX's Dividend Payout is ranked higher than
96% of the 184 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.48 vs. MPLX: 0.24 )
MPLX' s 10-Year Dividend Payout Range
Min: 0.68   Max: 1.15
Current: 0.24

0.68
1.15
Yield on cost (5-Year) 2.10
MPLX's Yield on cost (5-Year) is ranked lower than
87% of the 158 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 5.45 vs. MPLX: 2.10 )
MPLX' s 10-Year Yield on cost (5-Year) Range
Min: 0.46   Max: 2.8
Current: 2.1

0.46
2.8

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 12.71
MPLX's Price/Tangible Book is ranked higher than
60% of the 184 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.77 vs. MPLX: 12.71 )
MPLX' s 10-Year Price/Tangible Book Range
Min: 2.06   Max: 12.45
Current: 12.71

2.06
12.45
Price/Median PS Value 1.32
MPLX's Price/Median PS Value is ranked higher than
70% of the 184 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.10 vs. MPLX: 1.32 )
MPLX' s 10-Year Price/Median PS Value Range
Min: 0.62   Max: 1.32
Current: 1.32

0.62
1.32
Price/Graham Number 3.95
MPLX's Price/Graham Number is ranked higher than
67% of the 184 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.53 vs. MPLX: 3.95 )
MPLX' s 10-Year Price/Graham Number Range
Min: 1.21   Max: 3.89
Current: 3.95

1.21
3.89
Earnings Yield (Greenblatt) 3.30
MPLX's Earnings Yield (Greenblatt) is ranked higher than
70% of the 170 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.90 vs. MPLX: 3.30 )
MPLX' s 10-Year Earnings Yield (Greenblatt) Range
Min: 3.4   Max: 15.4
Current: 3.3

3.4
15.4

Business Description

Industry: Oil & Gas - Midstream » Oil & Gas Midstream
Compare: » details
Traded in other countries:M0X.Germany,
MPLX LP, incorporated in Delaware is a limited partnership formed by Marathon Petroleum Corporation to own, operate, develop and acquire pipelines and other midstream assets related to the transportation and storage of crude oil, refined products and other hydrocarbon-based products. The Company is also the operator of crude oil and product pipelines owned by Marathon Petroleum Corporation and third parties for which it pays operating fees. Post the initial public offering on October 31, 2012 the Company entered into multiple transportation and storage services agreements with Marathon Petroleum Corporation. The Company does not take the ownership of the crude oil or products that it transports and stores for its customers and do not engage in the trading of any commodities. The Company has one reportable segment and all its operations are in the United States. As of December 31, 2012 the Company's assets are located in the Midwest and Gulf Coast regions of the United States, which collectively comprised approximately 72 percent of total U.S. crude distillation capacity and approximately 48 percent of total U.S. finished products demand. The Company's Patoka to Lima crude system is comprised of approximately 76 miles of 20-inch pipeline extending from Patoka, Illinois to Martinsville, Illinois, and approximately 226 miles of 22-inch pipeline extending from Martinsville to Lima, Ohio. This system also includes associated breakout tankage. The Catlettsburg and Robinson crude system is comprised of Patoka to Robinson pipeline and Patoka to Catlettsburg pipeline. The Company's Detroit crude system is comprised of Samaria to Detroit pipeline and Romulus to Detroit pipeline. The Wood River to Patoka crude system is comprised of Wood River to Patoka pipeline and Roxanna to Patoka pipeline. The Company's Gulf Coast product pipeline systems are Garyville products system and Texas City products system. The Midwest product pipeline systems consists of ORPL products system with consists of Kenova to Columbus pipeline, Canton to East Sparta pipeline, East Sparta to Heath pipeline, East Sparta to Midland pipeline, Heath to Dayton pipeline and Heath to Findlay pipeline. The Company's Robinson products system is comprised of Robinson to Lima pipeline, Robinson to Louisville pipeline, Robinson to Mt. Vernon pipeline, Wood River to Clermont pipeline, Dieterich to Martinsville pipeline and Wabash Pipeline System. The Company's pipeline systems are operated from a central control room located in Findlay, Ohio. Refined products and other hydrocarbon-based products that the Company transports are sold by its customers for consumption by the public.
» More Articles for MPLX

Headlines

Articles On GuruFocus.com
Baron Funds Comments on MPLX LP Feb 20 2013 
Baron Funds Comments on MPLX LP Feb 06 2013 
Weekly CFO Buys Highlight: PXLW, MPLX, VOXX, EMMS, CLGX Nov 05 2012 

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MPLX increases its distribution on growth prospects Dec 17 2014
Highlights of MPLX third-quarter earnings Dec 17 2014
Other MPLX midstream assets Dec 17 2014
The MPLX Midwest product pipeline systems Dec 16 2014
The MPLX product pipeline systems Dec 16 2014
MPLX LP Files SEC form 8-K, Unregistered Sale of Equity Securities Dec 16 2014
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MPLX hydrocarbon-related assets at a glance Dec 16 2014
MPLX LP: The infrastructure link in Marathon Petroleum’s chain Dec 16 2014
MPLX LP Files SEC form 8-K, Other Events, Financial Statements and Exhibits Dec 08 2014
MPLX LP Announces Exercise of Underwriters' Option to Purchase Additional Common Units Representing... Dec 03 2014
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