Mplx Lp Stock Fair Value – MPLX LP Reports Fourth Quarter FY2022 Results with Decrease in Revenue and Net Income Year Over Year.

Earnings report

Mplx Lp Stock Fair Value – MPLX LP ($NYSE:MPLX) is a publicly traded master limited partnership that owns, operates, develops and acquires midstream energy infrastructure assets. Based in Findlay, Ohio, the company distributes refined petroleum products, crude oil, and natural gas liquids. MPLX LP reported its fourth quarter financial results for the year ending December 31, 2022 on January 31, 2023. The company reported total revenue of $816.0 million for the fourth quarter of FY2022, a decrease of 1.7% compared to the same period a year ago. These decreases were due to lower natural gas liquids prices, higher operating expenses and higher depreciation and amortization expenses.

MPLX LP also reported an increase in distributable cash flow for the fourth quarter of FY2022. This increase was primarily due to higher natural gas liquids prices and higher volumes of refined products delivered. Overall, MPLX LP reported mixed results for its fourth quarter of FY2022 with a decrease in revenue and net income year over year, but an increase in distributable cash flow. The company will continue to focus on cost savings initiatives and capitalizing on new opportunities to drive growth in the future.

Market Price

When the markets opened, their stock opened at $34.8 and closed at $34.9, representing a slight increase of 0.7% from the previous closing price of $34.7. The decrease in net income was primarily due to higher operating expenses, including higher costs associated with the maintenance and repair of existing assets and new projects. This decrease was mainly due to higher operating expenses, as well as additional capital expenditures associated with growth initiatives. Despite the decrease in revenue and net income year over year, MPLX LP reported strong cash flow from operations which allowed them to pay out distributions to their partners.

Additionally, the company plans to continue investing in growth initiatives to enhance their long-term value creation potential. With their stock price rising slightly on Tuesday, investors will be keeping an eye on MPLX LP in the coming quarters to see how the company continues to perform going forward. Live Quote…

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

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Key Ratios Snapshot

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Analysis – Mplx Lp Stock Fair Value

GoodWhale conducted an analysis of MPLX LP‘s wellbeing, and our proprietary Valuation Line concluded that the fair value of a share of MPLX LP is $30.9. In the current market, however, MPLX LP shares are trading at $34.9, which is overvalued by 12.9%. This implies that investors should be cautious when considering the purchase of MPLX LP stock at the current price. The analysis performed by GoodWhale is an indication of the stock’s current status, and should not be taken as a recommendation to buy or sell the stock. It is important to consider all factors when investing in any stock, such as the company’s overall performance, potential for growth, and any potential risks. Investors should also keep in mind that stock prices are constantly changing and the price of a share of MPLX LP could drop or rise in the future, so it is important to stay informed and make informed decisions. Additionally, investors should understand the risks associated with investing in a particular stock and consider their own financial situation before investing. 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 its fourth-quarter FY2022 earnings results on January 31 2023, demonstrating a 1.7% decrease in total revenue and a 3.6% decline in net income compared to the same period last year. Although the numbers may be slightly concerning, investors should take into consideration that MPLX LP has demonstrated a consistent growth in revenue and profitability over the past few years. Furthermore, the company has recently sold off non-core assets to improve its balance sheet and focus on its core business operations. Overall, analysts remain optimistic about MPLX LP’s future prospects.

The company’s fundamentals remain solid, and its strategic initiatives are expected to drive growth in the long-term. Despite the recent dip in earnings, investors should consider the company’s underlying strengths and long-term prospects before making any investment decisions.