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MPLX

DB:M0X
Snowflake Description

Undervalued with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
M0X
DB
$13B
Imp Market Cap
  1. Home
  2. DE
  3. Energy
Company description

MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. The last earnings update was 41 days ago. More info.


Add to Portfolio Compare Print
  • MPLX is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • MPLX has significant price volatility in the past 3 months.
M0X Share Price and Events
7 Day Returns
9%
DB:M0X
8.7%
DE Oil and Gas
4.3%
DE Market
1 Year Returns
-60.2%
DB:M0X
34.4%
DE Oil and Gas
-14.2%
DE Market
M0X Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
MPLX (M0X) 9% -20.2% -52.6% -60.2% - -
DE Oil and Gas 8.7% -2.8% -19.4% 34.4% -14.7% 157%
DE Market 4.3% -9% -21.6% -14.2% -19.6% -25.6%
1 Year Return vs Industry and Market
  • M0X underperformed the Oil and Gas industry which returned 34.4% over the past year.
  • M0X underperformed the Market in Germany which returned -14.2% over the past year.
Price Volatility
M0X
Industry
5yr Volatility vs Market

M0X Value

 Is MPLX undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of MPLX to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for MPLX.

DB:M0X Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.2%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:M0X
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.97
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.972 (1 + (1- 21%) (153.4%))
1.771
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.77
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.771 * 5.44%)
9.24%

Discounted Cash Flow Calculation for DB:M0X using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for MPLX is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:M0X DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.24%)
2020 2,560.41 Analyst x5 2,343.79
2021 2,818.88 Analyst x6 2,362.09
2022 2,654.67 Analyst x3 2,036.29
2023 3,108.50 Analyst x2 2,182.68
2024 3,174.00 Analyst x2 2,040.12
2025 3,212.82 Est @ 1.22% 1,890.36
2026 3,236.56 Est @ 0.74% 1,743.22
2027 3,249.52 Est @ 0.4% 1,602.13
2028 3,254.82 Est @ 0.16% 1,468.98
2029 3,254.74 Est @ -0% 1,344.66
Present value of next 10 years cash flows $19,014.00
DB:M0X DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $3,254.74 × (1 + -0.39%) ÷ (9.24% – -0.39%)
$33,658.47
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $33,658.47 ÷ (1 + 9.24%)10
$13,905.64
DB:M0X Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $19,014.00 + $13,905.64
$32,919.64
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $32,919.64 / 1,058.42
$31.1
DB:M0X Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:M0X represents 0.92792x of NYSE:MPLX
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.92792x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 31.10 x 0.92792
€28.86
Value per share (EUR) From above. €28.86
Current discount Discount to share price of €11.43
= -1 x (€11.43 - €28.86) / €28.86
60.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price MPLX is available for.
Intrinsic value
>50%
Share price is €11.43 vs Future cash flow value of €28.86
Current Discount Checks
For MPLX to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • MPLX's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • MPLX's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for MPLX's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are MPLX's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:M0X PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $1.00
NYSE:MPLX Share Price ** NYSE (2020-04-08) in USD $12.32
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.5x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 17.07x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of MPLX.

DB:M0X PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:MPLX Share Price ÷ EPS (both in USD)

= 12.32 ÷ 1.00

12.27x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • MPLX is overvalued based on earnings compared to the Europe Oil and Gas industry average.
  • MPLX is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does MPLX's expected growth come at a high price?
Raw Data
DB:M0X PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.27x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
17.9%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.32x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

DB:M0X PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.27x ÷ 17.9%

0.68x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • MPLX is good value based on expected growth next year.
Price based on value of assets
What value do investors place on MPLX's assets?
Raw Data
DB:M0X PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $14.88
NYSE:MPLX Share Price * NYSE (2020-04-08) in USD $12.32
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1.01x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.47x
DB:M0X PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:MPLX Share Price ÷ Book Value per Share (both in USD)

= 12.32 ÷ 14.88

0.83x

* Primary Listing of MPLX.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • MPLX is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess MPLX's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. MPLX has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

M0X Future Performance

 How is MPLX expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
17.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is MPLX expected to grow at an attractive rate?
  • MPLX's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • MPLX's earnings growth is expected to exceed the Germany market average.
  • MPLX's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:M0X Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:M0X Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 17.9%
DB:M0X Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 1.8%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.8%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:M0X Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:M0X Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 4,156 2,713
2023-12-31 4,107 2,532
2022-12-31 9,193 4,135 2,407 3
2021-12-31 9,102 4,116 2,490 7
2020-12-31 8,929 4,093 2,461 7
2020-04-09
DB:M0X Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 8,745 4,082 910
2019-09-30 8,120 3,789 1,936
2019-06-30 7,583 2,988 1,828
2019-03-31 6,402 2,994 1,821
2018-12-31 6,761 3,071 1,743
2018-09-30 5,571 2,596 1,455
2018-06-30 4,880 2,353 1,078
2018-03-31 4,267 1,980 744
2017-12-31 3,789 1,907 411
2017-09-30 3,603 1,854 347
2017-06-30 3,477 1,665 307
2017-03-31 3,343 1,547 172

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • MPLX's earnings are expected to grow by 17.9% yearly, however this is not considered high growth (20% yearly).
  • MPLX's revenue is expected to grow by 1.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:M0X Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from MPLX Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:M0X Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 2.56 2.56 2.56 1.00
2023-12-31 2.39 2.39 2.39 1.00
2022-12-31 2.19 2.20 2.18 3.00
2021-12-31 2.31 2.79 2.03 8.00
2020-12-31 2.27 2.59 2.04 8.00
2020-04-09
DB:M0X Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 1.00
2019-09-30 2.31
2019-06-30 2.30
2019-03-31 2.29
2018-12-31 2.29
2018-09-30 2.19
2018-06-30 1.91
2018-03-31 1.62
2017-12-31 1.07
2017-09-30 0.93
2017-06-30 0.86
2017-03-31 0.50

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • MPLX is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess MPLX's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
MPLX has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

M0X Past Performance

  How has MPLX performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare MPLX's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • MPLX has delivered over 20% year on year earnings growth in the past 5 years.
  • MPLX's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • MPLX's 1-year earnings growth is negative, it can't be compared to the Europe Oil and Gas industry average.
Earnings and Revenue History
MPLX's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from MPLX Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:M0X Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 8,745.00 910.00 374.00
2019-09-30 8,120.00 1,936.00 353.00
2019-06-30 7,583.00 1,828.00 336.00
2019-03-31 6,402.00 1,821.00 304.00
2018-12-31 6,761.00 1,743.00 316.00
2018-09-30 5,571.00 1,455.00 273.00
2018-06-30 4,880.00 1,078.00 256.00
2018-03-31 4,267.00 744.00 241.00
2017-12-31 3,789.00 411.00 241.00
2017-09-30 3,603.00 347.00 230.00
2017-06-30 3,477.00 307.00 227.00
2017-03-31 3,343.00 172.00 233.00
2016-12-31 3,103.00 1.00 228.00
2016-09-30 2,582.00 -81.00 192.00
2016-06-30 1,965.00 -122.00 161.00
2016-03-31 1,397.00 -38.00 119.00
2015-12-31 1,098.00 99.00 95.00
2015-09-30 766.80 145.60 85.90
2015-06-30 690.80 140.20 76.20
2015-03-31 611.70 119.80 71.10
2014-12-31 793.00 115.00 81.00
2014-09-30 534.80 108.10 60.40
2014-06-30 520.60 101.50 58.10
2014-03-31 508.90 92.20 56.10
2013-12-31 486.00 76.00 53.00
2013-09-30 489.00 -32.50 52.10
2013-06-30 486.30 -16.60 50.30

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • MPLX has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • MPLX used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • MPLX has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess MPLX's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
MPLX has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

M0X Health

 How is MPLX's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up MPLX's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • MPLX's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • MPLX's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of MPLX's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from MPLX Company Filings, last reported 3 months ago.

DB:M0X Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 17,581.00 19,694.00 15.00
2019-09-30 18,860.00 19,179.00 41.00
2019-06-30 7,874.00 14,028.00 7.00
2019-03-31 7,933.00 13,825.00 93.00
2018-12-31 18,735.00 18,414.00 77.00
2018-09-30 7,956.00 12,889.00 37.00
2018-06-30 7,955.00 11,874.00 3.00
2018-03-31 7,978.00 11,861.00 2.00
2017-12-31 10,973.00 7,325.00 5.00
2017-09-30 11,086.00 7,050.00 3.00
2017-06-30 10,909.00 6,666.00 293.00
2017-03-31 10,700.00 6,654.00 265.00
2016-12-31 12,110.00 4,422.00 234.00
2016-09-30 11,154.00 4,411.00 208.00
2016-06-30 10,466.00 4,400.00 35.00
2016-03-31 9,655.00 5,153.00 4.00
2015-12-31 9,667.00 5,263.00 43.00
2015-09-30 493.10 744.20 90.40
2015-06-30 492.40 744.00 130.40
2015-03-31 476.00 748.20 132.50
2014-12-31 463.00 644.00 27.00
2014-09-30 833.30 255.00 32.20
2014-06-30 828.70 255.00 43.20
2014-03-31 821.10 270.00 40.60
2013-12-31 1,114.10 0.00 54.10
2013-09-30 1,121.80 0.00 86.90
2013-06-30 1,128.60 0.00 115.30
  • MPLX's level of debt (112%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (137.2% vs 112% today).
  • Debt is well covered by operating cash flow (20.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.8x coverage).
X
Financial health checks
We assess MPLX's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. MPLX has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

M0X Dividends

 What is MPLX's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
22.32%
Current annual income from MPLX dividends. Estimated to be 22.7% next year.
If you bought €2,000 of MPLX shares you are expected to receive €446 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • MPLX's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.63%).
  • MPLX's dividend is above the markets top 25% of dividend payers in Germany (4.61%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:M0X Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 8.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.6%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:M0X Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31 2.94 2.00
2023-12-31 2.85 3.00
2022-12-31 2.77 9.00
2021-12-31 2.81 16.00
2020-12-31 2.77 16.00
2020-04-09
DB:M0X Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-01-23 2.750 17.095
2019-10-25 2.710 10.781
2019-07-22 2.670 9.495
2019-04-29 2.630 8.317
2019-01-25 2.590 7.755
2018-10-26 2.550 7.772
2018-07-25 2.510 7.007
2018-04-25 2.470 7.049
2018-01-26 2.430 7.042
2017-10-25 2.350 6.523
2017-08-03 2.250 6.568
2017-07-27 2.250 6.230
2017-04-26 2.160 6.320
2017-01-25 2.080 5.621
2016-10-25 2.060 6.150
2016-07-22 2.040 6.261
2016-04-19 2.020 6.218
2016-01-25 2.000 7.756
2015-10-20 1.880 5.320
2015-08-03 1.760 3.973
2015-07-30 1.760 3.151
2015-04-20 1.640 2.373
2015-01-20 1.530 2.005
2014-10-21 1.430 2.158
2014-07-22 1.370 2.287
2014-04-22 1.310 2.206
2014-01-24 1.250 2.576
2013-10-22 1.190 3.058
2013-07-23 1.140 3.158
2013-04-30 1.090 2.922
2013-01-25 1.050 2.936

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, MPLX has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but MPLX only paid a dividend in the past 7 years.
Current Payout to shareholders
What portion of MPLX's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (0.8x coverage).
X
Income/ dividend checks
We assess MPLX's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can MPLX afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. MPLX has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

M0X Management

 What is the CEO of MPLX's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mike Hennigan
COMPENSATION $7,656,867
AGE 60
TENURE AS CEO 0.4 years
CEO Bio

Mr. Michael J. Hennigan, also known as Mike, has been President and Chief Executive Officer at Marathon Petroleum Corporation since March 18, 2020. Mr. Hennigan serves as Chief Executive Officer at MPLX GP LLC, the General Partner of MPLX LP since November 01, 2019. Mr. Hennigan has also been the President and Director of MPLX GP LLC, the General Partner of MPLX LP since June 20, 2017. He has been Chief Executive Officer and President of Sunoco Logistics at Energy Transfer, LP since March 1, 2012. He is the President of MarkWest New Mexico L.L.C. He served as the President of Crude, Liquids & Refined Products at Energy Transfer, LP until June 16, 2017. Mr. Hennigan served as the Chief Executive Officer of Sunoco Partners LLC, a General Partner of Sunoco Logistics Partners L.P. from March 1, 2012 to 2017 and its President from July 2010 to 2017. He is Chief Executive Officer of MPLX GP LLC at MPLX LP. Mr. Hennigan has nearly 35 years of experience with Sunoco. He served as the Chief Operating Officer of Sunoco Partners LLC from July 1, 2010 to March 1, 2012. He served as Vice President of Business Development for Sunoco Partners LLC from May 2009 to July 2010. Prior to joining Sunoco Logistics, he served as Senior Vice President of Business Improvement at Sunoco, Inc., from October 2008 to May 15, 2009 and served as its Vice President of Business Development since May 2009. He led a company-wide effort to improve Sunoco’s cost structure to improve its competitiveness. This included managing an external consulting company, McKinsey Inc., as part of the effort. He served as Senior Vice President of Supply, Trading, Sales & Transportation at Sunoco, Inc., from February 3, 2006 to October 2008. He served as Vice President of Product Trading, Sales & Supply for Sunoco Inc. from March 2001 to February 2006. From 1992 to 2000, he served in various positions at Northwest Refining Wholesale Fuels Marketing and Supply, Northeast Refining and Marcus Hook. He joined Sunoco in 1981 at the Marcus Hook Refinery, working various engineering and operations positions before joining the Business Planning department in 1990. In 1992, he transferred to the Philadelphia Refinery before joining the Corporate Business Planning group in 1993. He worked on various strategies for Northeast Refining before returning to Marcus Hook as Business Manager in 1996. In 1998, he returned to the corporate office of Marcus Hook as Manager, Financial Analysis and Strategic Planning. Since September 2000, he served as General Manager of Northeast Refining Wholesale Fuels Marketing and Product Supply at Marcus Hook. He serves as a Director of Niska Gas Storage US, LLC until 2016. He has been an Independent Director of Niska Gas Storage Partners LLC since September 10, 2014 until 2016. He has been Director of Tesoro Logistics GP, LLC since October 1, 2018. H has been a Director of Sunoco Logistics since April 2010. He served as a Director of Sunoco Partners LLC, a General Partner of Sunoco Logistics Partners L.P. since April 27, 2010. He served as a Director of Philadelphia Energy Solutions Inc. (alternate name, Philadelphia Energy Solutions LLC). He served as a Director of SunCoke Energy Inc., of Jewell Coke Company, L.P. from June 2011 to January 17, 2012. He is Chairman of the Advisory Council for the College of Engineering. Mr. Hennigan holds a BS degree in Chemical Engineering from Drexel University in 1982.

CEO Compensation
  • Mike's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Mike's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the MPLX management team in years:

2.4
Average Tenure
54.5
Average Age
  • The tenure for the MPLX management team is about average.
Management Team

Mike Hennigan

TITLE
CEO, President & Director of MPLX GP LLC
COMPENSATION
$8M
AGE
60
TENURE
0.4 yrs

Pam Beall

TITLE
Executive VP
COMPENSATION
$3M
AGE
63
TENURE
3.5 yrs

Sue Gagle

TITLE
General Counsel of MPLX GP LLC
COMPENSATION
$3M
AGE
53
TENURE
2.5 yrs

John Swearingen

TITLE
Executive Vice President of Logistics & Storage - MPLX GP LLC
COMPENSATION
$3M
AGE
60
TENURE
4.3 yrs

Greg Floerke

TITLE
Executive Vice President of Gathering & Processing - MPLX GP LLC
COMPENSATION
$3M
AGE
56
TENURE
4.3 yrs

Shawn Lyon

TITLE
Vice President of Operations - MPLX GP LLC
AGE
51
TENURE
1.4 yrs

Kristina Kazarian

TITLE
Vice President of Investor Relations - MPLX GP LLC
AGE
36
TENURE
2.3 yrs

Molly Benson

TITLE
VP, Chief Securities
AGE
52
TENURE
4.1 yrs

Ray Brooks

TITLE
Senior Vice President of MPLX GP LLC
AGE
58
TENURE
2.2 yrs

Phil Anderson

TITLE
Senior Vice President of Business Development of MPLX GP LLC
AGE
53
TENURE
1.5 yrs
Board of Directors Tenure

Average tenure and age of the MPLX board of directors in years:

6.3
Average Tenure
65.5
Average Age
  • The tenure for the MPLX board of directors is about average.
Board of Directors

Gary Heminger

TITLE
Chairman of MPLX GP LLC
COMPENSATION
$4M
AGE
66
TENURE
0.4 yrs

Mike Hennigan

TITLE
CEO, President & Director of MPLX GP LLC
COMPENSATION
$8M
AGE
60
TENURE
2.8 yrs

Pam Beall

TITLE
Executive VP
COMPENSATION
$3M
AGE
63
TENURE
6.3 yrs

Garry Peiffer

TITLE
Independent Director of MPLX GP LLC
COMPENSATION
$218K
AGE
68
TENURE
7.8 yrs

Dan Sandman

TITLE
Lead Director of MPLX GP LLC
COMPENSATION
$270K
AGE
70

Don Templin

TITLE
Director of MPLX GP LLC
COMPENSATION
$4M
AGE
56
TENURE
7.8 yrs

Chris Helms

TITLE
Independent Director of MPLX GP LLC
COMPENSATION
$260K
AGE
65
TENURE
7.5 yrs

John Surma

TITLE
Independent Director of MPLX GP LLC
COMPENSATION
$200K
AGE
65
TENURE
7.5 yrs

Frank Semple

TITLE
Independent Director of MPLX GP LLC
COMPENSATION
$288K
AGE
67
TENURE
4.3 yrs

Michael Beatty

TITLE
Independent Director of MPLX GP LLC
COMPENSATION
$255K
AGE
72
TENURE
4.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
13. Aug 19 Buy Garry Peiffer Individual 09. Aug 19 09. Aug 19 18,800 €24.34 €457,570
09. Aug 19 Buy Gary Heminger Individual 07. Aug 19 08. Aug 19 42,600 €24.48 €1,032,891
09. Aug 19 Buy Dan Sandman Individual 07. Aug 19 07. Aug 19 36,630 €24.28 €889,194
09. Aug 19 Buy Garry Peiffer Individual 07. Aug 19 07. Aug 19 18,000 €24.17 €435,139
X
Management checks
We assess MPLX's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. MPLX has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

M0X News

Simply Wall St News

M0X Company Info

Description

MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. The company also provides fuels distribution services. It operates in two segments, Logistics and Storage, and Gathering and Processing. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, storage, and marketing of natural gas liquids; and transportation, storage, and distribution of crude oil and refined petroleum products. MPLX LP also engages in the inland marine business, which transports light products, heavy oils, crude oil, renewable fuels, chemicals, and feedstocks in the Midwest and Gulf Coast regions through inland marine vessels. The company’s assets include approximately 8,000 miles of crude oil and refined product pipelines across 17 states; terminal facilities for refined petroleum products with a combined total shell capacity of approximately 23.7 million barrels primarily located in the Midwest, Gulf Coast, and Southeast regions; tank farm assets with a storage capacity of approximately 56 million barrels; and 48 rail and truck racks, 21 docks, and gasoline blenders. Its storage caverns consist of butane, propane, and liquefied petroleum gas storage with a combined capacity of 4,175 million barrels located in Neal, West Virginia; Woodhaven, Michigan; and Robinson, Illinois. The company's marine business owns and operates 23 boats, 256 barges, and third-party chartered equipment, as well as a marine repair facility located on the Ohio River. MPLX GP LLC acts as the general partner of MPLX LP. MPLX LP was founded in 2012 and is based in Findlay, Ohio. MPLX LP operates as a subsidiary of MPLX GP LLC.

Details
Name: MPLX LP
M0X
Exchange: DB
Founded: 2012
$12,176,223,560
$11,991,292,906
1,058,415,865
Website: http://www.mplx.com
Address: MPLX LP
200 East Hardin Street,
Findlay,
Ohio, 45840,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE MPLX Common Units New York Stock Exchange US USD 26. Oct 2012
DB M0X Common Units Deutsche Boerse AG DE EUR 26. Oct 2012
LSE 0S2U Common Units London Stock Exchange GB USD 26. Oct 2012
Number of employees
Current staff
Staff numbers
0
MPLX employees.
Industry
Oil and Gas Storage and Transportation
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 00:26
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/04/08
Last earnings filing: 2020/02/28
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.