MPLX LP Reports FY2023 Q2 Earnings, Covering August 1 to June 30 2023
August 26, 2023
🌥️Earnings Overview
MPLX LP ($NYSE:MPLX) reported their earnings results for Q2 of FY2023 ending June 30 2023. With a total revenue of USD 2496.0 million, there was a 10.7% decrease compared to the previous year’s period. However, net income for the quarter was USD 933.0 million, showing a 7.1% year-over-year growth.
Price History
On Tuesday, MPLX LP reported their fiscal year 2023 second quarter earnings, covering the period of August 1 to June 30 2023. During the day, the stock opened at $35.6 and closed at $35.5, representing an increase of 0.1% from the prior closing price of $35.5. Despite the slight move in the stock price, analysts remain upbeat about the company’s performance and have high expectations for future growth.
Additionally, the company’s operating expenses decreased by 4%, indicating a focus on cost-efficiency. This favorable financial position provides a solid platform for the company’s future growth. Overall, the company’s performance in the second quarter of FY2023 is encouraging and investors remain optimistic about the prospects of MPLX LP in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Mplx Lp. More…
| Total Revenues | Net Income | Net Margin |
| 10.29k | 4k | 40.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Mplx Lp. More…
| Operations | Investing | Financing |
| 5.07k | -1.04k | -3.58k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Mplx Lp. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 35.87k | 22.68k | 12.94 |
Key Ratios Snapshot
Some of the financial key ratios for Mplx Lp are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.8% | 11.4% | 49.0% |
| FCF Margin | ROE | ROA |
| 40.1% | 48.7% | 8.8% |
Analysis
At GoodWhale, we are committed to helping investors make informed decisions about their investments. As part of that commitment, we have examined the fundamentals of MPLX LP and analyzed them with GoodWhale. After careful review, we have determined that MPLX LP is a low risk investment in terms of both financial and business aspects. However, we did detect two risk warnings in the income sheet and balance sheet. To see what these warnings are, simply register on our website and access the detailed report on MPLX LP. We’re sure you’ll be pleased with our thorough analysis of the company’s financials. With GoodWhale, you can rest easy knowing that your investments are safe and sound. More…
Peers
MPLX LP is a publicly traded master limited partnership that owns, operates, develops, and acquires midstream energy infrastructure assets. The company’s asset portfolio includes approximately 11,800 miles of crude oil and light product pipelines, approximately 8,200 miles of natural gas pipelines, approximately 36 natural gas processing plants, and approximately 50 crude oil and light product storage facilities. MPLX LP is headquartered in Findlay, Ohio.
MPLX LP’s primary competitors are Marathon Petroleum Corp, Energy Transfer LP, and Magellan Midstream Partners LP. All three companies are engaged in the business of transporting, storing, and processing petroleum products.
– Marathon Petroleum Corp ($NYSE:MPC)
Marathon Petroleum Corp is an oil refining and marketing company with a market cap of $54.29B as of 2022. The company has a return on equity of 32.4%. Marathon Petroleum Corp is engaged in the refining, marketing, retailing and transportation of petroleum products and crude oil. The company operates through three segments: Refining & Marketing, Retail, and Midstream. Marathon Petroleum Corp was founded in 1887 and is headquartered in Findlay, Ohio.
– Energy Transfer LP ($NYSE:ET)
Energy Transfer LP is a master limited partnership that owns and operates energy infrastructure assets in the United States. The company’s assets include natural gas pipelines, natural gas storage facilities, and crude oil pipelines. Energy Transfer’s natural gas pipelines transport natural gas from production areas to market centers. The company’s crude oil pipelines transport crude oil from production areas to refineries and market centers. Energy Transfer’s natural gas storage facilities provide storage capacity for natural gas. The company also owns and operates natural gas gathering and processing facilities.
Energy Transfer’s market cap as of 2022 is 36.67B. The company has a Return on Equity of 14.71%. Energy Transfer’s business is focused on the transportation, storage, and gathering of natural gas and crude oil. The company’s pipelines transport natural gas and crude oil from production areas to market centers. Energy Transfer’s natural gas storage facilities provide storage capacity for natural gas. The company also owns and operates natural gas gathering and processing facilities.
– Magellan Midstream Partners LP ($NYSE:MMP)
Magellan Midstream Partners LP is a publicly traded partnership that owns, operates, and leases a diversified portfolio of energy infrastructure assets in the United States. The company’s assets include approximately 8,400 miles of pipelines, 80 terminals, and six product storage facilities. Magellan Midstream Partners LP is headquartered in Tulsa, Oklahoma.
Summary
MPLX LP reported their second quarter earnings for FY2023 on June 30 2023. Total revenue showed a decrease of 10.7% year over year, while reported net income showed a year over year growth of 7.1%. Investors interested in MPLX LP should consider the company’s revenue and net income growth to determine whether it is a suitable investment. Analyze the company’s past performance and look for any potential risks and benefits to determine if you should invest in MPLX LP.
