MPLX LP - Unit

MPLX LP - Unit

MPLX

Market Cap$46.93B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
MPLX LP - UnitMPLX LP - Unit10.87.63%32%4.61.6

Earnings Call Q3 2024

November 5, 2024 - AI Summary

**Strong Financial Performance**: MPLX reported a record adjusted EBITDA of $1.7 billion for Q3 2024, reflecting a 7% year-over-year increase. Distributable cash flow (DCF) for the quarter was $1.4 billion, supporting a distribution of nearly $950 million to unitholders, indicating robust cash flow generation capabilities.
**Increased Distribution**: The firm announced a 12.5% increase in its distribution, up from a previous rate of 10%. This increase is driven by the durability of cash flows and a confidence in mid-single-digit growth of adjusted EBITDA (6% over three years) and DCF (nearly 8% over three years). Strong distribution coverage remains at 1.5 times.
**Growth Investments**: MPLX is maintaining a capital spending plan over $1 billion for the year, focused on organic growth opportunities and developing its natural gas and NGL (Natural Gas Liquids) assets primarily in the Permian and Marcellus basins. Significant projects include the Harmon Creek III processing plant expected to enhance Northeast processing capacity to 8.1 Bcf/day by 2026.

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$45.67

Target Price by Analysts

1.3% downsideMPLX LP - Unit Target Price DetailsTarget Price
$45.69

Current Fair Value

1.3% downside

Overvalued by 1.3% based on the discounted cash flow analysis.

Share Statistics

Market cap$46.93 Billion
Enterprise Value$67.18 Billion
Dividend Yield$3.83 (7.62614180078295%)
Earnings per Share$3.83
Beta1.34
Outstanding Shares1,020,000,000

Return

Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio10.75
PEG76.51
Price to Sales4.63
Price to Book Ratio3.56
Enterprise Value to Revenue6.05
Enterprise Value to EBIT14.58
Enterprise Value to Net Income15
Total Debt to Enterprise0.34
Debt to Equity1.65

Revenue Sources

No data

Insider Trades

ESG Score

No data

About MPLX LP

CEO: Michael Hennigan