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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 5.15
MPLX's Cash to Debt is ranked higher than
93% of the 122 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.03 vs. MPLX: 5.15 )
MPLX' s 10-Year Cash to Debt Range
Min: 0.01   Max: No Debt
Current: 5.15

Equity to Asset 0.54
MPLX's Equity to Asset is ranked higher than
91% of the 124 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.38 vs. MPLX: 0.54 )
MPLX' s 10-Year Equity to Asset Range
Min: 0.53   Max: 0.95
Current: 0.54

0.53
0.95
Interest Coverage 735.00
MPLX's Interest Coverage is ranked higher than
92% of the 105 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.67 vs. MPLX: 735.00 )
MPLX' s 10-Year Interest Coverage Range
Min: 660   Max: 9999.99
Current: 735

660
9999.99
Z-Score: 4.81
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 : 5/10

vs
industry
vs
history
Operating margin (%) 30.23
MPLX's Operating margin (%) is ranked higher than
88% of the 124 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 12.56 vs. MPLX: 30.23 )
MPLX' s 10-Year Operating margin (%) Range
Min: 25.58   Max: 32.15
Current: 30.23

25.58
32.15
Net-margin (%) 16.02
MPLX's Net-margin (%) is ranked higher than
85% of the 124 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 6.07 vs. MPLX: 16.02 )
MPLX' s 10-Year Net-margin (%) Range
Min: 16.02   Max: 32.64
Current: 16.02

16.02
32.64
ROE (%) 12.06
MPLX's ROE (%) is ranked higher than
86% of the 133 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 7.20 vs. MPLX: 12.06 )
MPLX' s 10-Year ROE (%) Range
Min: 10.81   Max: 18.93
Current: 12.06

10.81
18.93
ROA (%) 6.45
MPLX's ROA (%) is ranked higher than
89% of the 134 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.01 vs. MPLX: 6.45 )
MPLX' s 10-Year ROA (%) Range
Min: 6.45   Max: 10.28
Current: 6.45

6.45
10.28
ROC (Joel Greenblatt) (%) 15.21
MPLX's ROC (Joel Greenblatt) (%) is ranked higher than
94% of the 126 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 7.78 vs. MPLX: 15.21 )
MPLX' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 11.84   Max: 15.66
Current: 15.21

11.84
15.66
» MPLX's 10-Y Financials

Financials


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

» Details

Guru Trades

Q1 2013

MPLX Guru Trades in Q1 2013

Ron Baron 986,291 sh (+0.01%)
» More
Q2 2013

MPLX Guru Trades in Q2 2013

Ron Baron 917,776 sh (-6.95%)
» More
Q3 2013

MPLX Guru Trades in Q3 2013

Ron Baron 906,874 sh (-1.19%)
» More
Q4 2013

MPLX Guru Trades in Q4 2013

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

Insider Trades

Latest Guru Trades with MPLX

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 $ 54.1443%82500
Ron Baron 2012-12-31 New Buy0.2%$26.69 - $31.31 $ 54.1489%986235
Premium More recent guru trades are included for Premium 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) 48.40
MPLX's P/E(ttm) is ranked lower than
63% of the 99 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 30.60 vs. MPLX: 48.40 )
MPLX' s 10-Year P/E(ttm) Range
Min: 32.9   Max: 48.4
Current: 48.4

32.9
48.4
P/B 6.00
MPLX's P/B is ranked lower than
74% of the 124 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.60 vs. MPLX: 6.00 )
MPLX' s 10-Year P/B Range
Min: 3.23   Max: 6
Current: 6

3.23
6
P/S 2.20
MPLX's P/S is ranked higher than
58% of the 122 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.41 vs. MPLX: 2.20 )
MPLX' s 10-Year P/S Range
Min: 2.1   Max: 10.55
Current: 2.2

2.1
10.55
PFCF 25.90
MPLX's PFCF is ranked higher than
60% of the 48 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 25.10 vs. MPLX: 25.90 )
MPLX' s 10-Year PFCF Range
Min: 16.59   Max: 177.8
Current: 25.9

16.59
177.8
EV-to-EBIT 25.60
MPLX's EV-to-EBIT is ranked higher than
62% of the 121 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 26.34 vs. MPLX: 25.60 )
MPLX' s 10-Year EV-to-EBIT Range
Min: 8   Max: 18.8
Current: 25.6

8
18.8
PEG 1.40
MPLX's PEG is ranked higher than
83% of the 76 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.80 vs. MPLX: 1.40 )
MPLX' s 10-Year PEG Range
Min: 0   Max: 1.4
Current: 1.4

0
1.4

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.20
MPLX's Dividend Yield is ranked lower than
85% of the 113 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 4.31 vs. MPLX: 2.20 )
MPLX' s 10-Year Dividend Yield Range
Min: 0.46   Max: 2.8
Current: 2.2

0.46
2.8
Dividend Payout 0.27
MPLX's Dividend Payout is ranked higher than
93% of the 88 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.20 vs. MPLX: 0.27 )
MPLX' s 10-Year Dividend Payout Range
Min: 0.98   Max: 0.98
Current: 0.27

Yield on cost (5-Year) 2.20
MPLX's Yield on cost (5-Year) is ranked lower than
87% of the 113 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 6.19 vs. MPLX: 2.20 )
MPLX' s 10-Year Yield on cost (5-Year) Range
Min: 0.46   Max: 2.8
Current: 2.2

0.46
2.8

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 7.40
MPLX's Price/Tangible Book is ranked lower than
68% of the 115 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.60 vs. MPLX: 7.40 )
MPLX' s 10-Year Price/Tangible Book Range
Min: 3.94   Max: 6.08
Current: 7.4

3.94
6.08
Price/Median PS Value 1.00
MPLX's Price/Median PS Value is ranked higher than
72% of the 123 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.20 vs. MPLX: 1.00 )
MPLX' s 10-Year Price/Median PS Value Range
Min: 0.66   Max: 1.85
Current: 1

0.66
1.85
Price/Graham Number 3.00
MPLX's Price/Graham Number is ranked lower than
56% of the 90 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.10 vs. MPLX: 3.00 )
MPLX' s 10-Year Price/Graham Number Range
Min: 1.67   Max: 2.47
Current: 3

1.67
2.47
Earnings Yield (Greenblatt) 3.90
MPLX's Earnings Yield (Greenblatt) is ranked higher than
75% of the 120 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.80 vs. MPLX: 3.90 )
MPLX' s 10-Year Earnings Yield (Greenblatt) Range
Min: 3.9   Max: 12.5
Current: 3.9

3.9
12.5

Business Description

Industry: Oil & Gas - Midstream » Oil & Gas Midstream
Compare: » details
Traded in other countries:M0X.Germany
MPLX LP is a Delaware Corporation. It is a limited partnership recently formed by Marathon Petroleum Corporation to own, operate, develop and acquire crude oil, refined product and other hydrocarbon-based product pipelines and other midstream assets. The Company's assets mainly consist of a 51.0% indirect interest in a network of common carrier crude oil and product pipeline systems and associated storage assets in the Midwest and Gulf Coast regions of the United States. It has retained a 49.0% interest in its network of pipeline systems and associated storage assets; however, it control and operate these assets and refer to them throughout this prospectus as its pipeline systems and its assets. The Company also owns a 100.0% interest in a butane cavern in Neal, West Virginia with approximately 1.0 million barrels of storage capacity. The Company generates revenue primarily by charging tariffs for transporting crude oil, refined products and other hydrocarbon-based products through its pipelines and at its barge dock and fees for storing crude oil and products at its storage facilities. The Company does not take ownership of the crude oil or products that it transports and store for its customers, and it do not engage in the trading of any commodities. The Company's assets mainy consist of common carrier pipeline systems that generate stable revenue from FERC-based tariffs. The Company's assets are located in the Midwest and Gulf Coast regions of the United States. The Company's assets consist of: a 51.0% general partner interest in Pipe Line Holdings, a newly-formed entity that owns a 100.0% interest in MPL and ORPL, which in turn collectively own: a network of pipeline systems that includes approximately 962 miles of common carrier crude oil pipelines and approximately 1,819 miles of common carrier product pipelines extending across nine states. This network includes approximately 153 miles of common carrier crude oil and product pipelines that it operate under long-term leases with third parties; a barge dock located on the Mississippi River near Wood River, Illinois with approximately 80 mbpd of crude oil and product throughput capacity; and crude oil and product storage facilities, or tank farms, located in Patoka, Wood River and Martinsville, Illinois and Lebanon, Indiana. The Company's assets also consist of a 100.0% interest in a butane cavern located in Neal, West Virginia, which it refer to as its Neal butane cavern, with approximately 1.0 million barrels of storage capacity that serves MPC's Catlettsburg, Kentucky refinery.

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