MPLX LP (MPLX LP) Gross Profit : $4,563 Mil (TTM As of Dec. 2023)

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What is MPLX LP Gross Profit?

MPLX LP's gross profit for the three months ended in Dec. 2023 was $1,212 Mil. MPLX LP's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $4,563 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. MPLX LP's gross profit for the three months ended in Dec. 2023 was $1,212 Mil. MPLX LP's Revenue for the three months ended in Dec. 2023 was $2,675 Mil. Therefore, MPLX LP's Gross Margin % for the quarter that ended in Dec. 2023 was 45.31%.

MPLX LP had a gross margin of 45.31% for the quarter that ended in Dec. 2023 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of MPLX LP was 44.59%. The lowest was 35.49%. And the median was 42.03%.

MPLX LP Gross Profit Historical Data

The historical data trend for MPLX LP's Gross Profit 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.

* Premium members only.

MPLX LP Gross Profit Chart

MPLX LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

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3,666.00

3,745.00

4,055.00

4,289.00

4,563.00

MPLX LP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Profit	Get a 7-Day Free Trial															1,004.00	1,151.00	1,098.00	1,102.00	1,212.00

Competitive Comparison of MPLX LP's Gross Profit

For the Oil & Gas Midstream subindustry, MPLX LP's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

MPLX LP's Gross Profit Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, MPLX LP's Gross Profit distribution charts can be found below:

* The bar in red indicates where MPLX LP's Gross Profit falls into.

MPLX LP Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

MPLX LP's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	10434	-	5871
	=	4,563

MPLX LP's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	2675	-	1463
	=	1,212

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $4,563 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

MPLX LP's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	1,212	/	2675
	=	45.31 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

MPLX LP (NYSE:MPLX) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

MPLX LP had a gross margin of 45.31% for the quarter that ended in Dec. 2023 => Durable competitive advantage

MPLX LP Gross Profit Related Terms

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MPLX LP (MPLX LP) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

MPLXP.PFD: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.

Executives

Christine S Breves	director	600 GRANT STREET, SUITE 6100, PITTSBURGH PA 16059
Shawn M Lyon	officer: Senior VP, Log. & Storage	C/O MPLX, 200 E HARDIN STREET, FINDLAY OH 45840
Gregory Scott Floerke	officer: Exec VP and CCO	C/O MARKWEST ENERGY PARTNERS, L.P., 1515 ARAPAHOE STREET, TOWER 1, SUITE 160, DENVER CO 80202
Frank M Semple	director, officer: Vice Chairman	1515 ARAPAHOE ST., TOWER 2, SUITE 700, DENVER CO 80202
Kelly D Wright	officer: VP and Controller	C/O MPLX LP, 200 E HARDIN STREET, FINDLAY OH 45840
John J Quaid	officer: Exec VP and CFO	C/O MARATHON PETROLEUM CORPORATION, 539 SOUTH MAIN STREET, FINDLAY OH 45840
Maryann T. Mannen	director	C/O MARATHON PETROLEUM CORPORATION, 539 SOUTH MAIN ST, FINDLAY OH 45840
Ttc Holdings Llc	10 percent owner	539 SOUTH MAIN STREET, FINDLAY OH 45840
Timothy J Aydt	officer: Chief Comm. Ofc.,Exec. VP	C/O MPLX LP, 200 E. HARDIN STREET, FINDLAY OH 45840
Garry L. Peiffer	director, officer: President	C/O MARATHON PETROLEUM CORPORATION, 539 S. MAIN STREET, FINDLAY OH 45840
Gary R Heminger	director, officer: Chief Executive Officer	C/O MARATHON PETROLEUM CORPORATION, 539 S. MAIN STREET, FINDLAY OH 45840
Dan D Sandman	director
Tesoro Logistics Gp, Llc	other: Less than 10% owner	200 E. HARDIN STREET, FINDLAY OH 45840
Western Refining, Inc.	10 percent owner	539 SOUTH MAIN STREET, FINDLAY OH 45840-3229
Tesoro Refining & Marketing Co Llc	other: Less than 10% owner	539 SOUTH MAIN STREET, FINDLAY OH 45840-3229