MPLX LP (MPLX LP) Interest Expense : $-908.00 Mil (TTM As of Mar. 2024)

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What is MPLX LP Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MPLX LP's interest expense for the three months ended in Mar. 2024 was $ -235.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-908.00 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. MPLX LP's Operating Income for the three months ended in Mar. 2024 was $ 1,094.00 Mil. MPLX LP's Interest Expense for the three months ended in Mar. 2024 was $ -235.00 Mil. MPLX LP's Interest Coverage for the quarter that ended in Mar. 2024 was 4.66. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

MPLX LP Interest Expense Historical Data

The historical data trend for MPLX LP's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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MPLX LP Interest Expense Chart

MPLX LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-862.00

-834.00

-793.00

-848.00

-897.00

MPLX LP Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-243.00	-226.00	-223.00	-224.00	-235.00

MPLX LP Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-908.00 Mil.

MPLX LP (OTCPK:MPLXP.PFD) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

MPLX LP's Interest Expense for the three months ended in Mar. 2024 was $-235.00 Mil. Its Operating Income for the three months ended in Mar. 2024 was $1,094.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $19,261.00 Mil.

MPLX LP's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	1094	/	-235
	=	4.66

The higher the ratio, the stronger the company's financial strength is.

MPLX LP (MPLX LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » MPLX LP (OTCPK:MPLXP.PFD) » Definitions » Interest Expense

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MPLX:USA

Address

200 East Hardin Street, Findlay, OH, USA, 45840-3229

Website

https://www.mplx.com

MPLX is a partnership that owns both pipelines and gathering and processing assets with extensive holdings in the Appalachian region. The asset base is made up of pipeline assets dropped down from Marathon Petroleum, its sponsor, and gathering and processing assets from MarkWest, which it acquired in 2015. MPLX also acquired Andeavor Logistics in July 2019.