Mplx Lp’s Q3 2022 earnings impress US Capital Advisors

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Mplx Lp Intrinsic Stock Value – Mplx Lp ($NYSE:MPLX) is a leading provider of transportation, storage, and processing services for crude oil and refined petroleum products. The company’s Q3 2022 earnings were very impressive, with US Capital Advisors commenting on the results.

Mplx Lp’s strong performance was driven by higher demand for transportation and storage services, as well as higher crude oil and refined product prices. The company’s earnings were also helped by lower costs, including lower costs for crude oil and refined product transportation.

Earnings

In the earning report of FY2022 Q2 as of June 30, MPLX LP earned 10.3B USD in total revenue, earned 3.3B USD in net income. Compared to previous year, 7.3% increase in total revenue, 6.5% increase in net income. MPLX LP’s total revenue reached from 8.4B USD to 10.3B USD in the last 3 years.

This is good news for the company and its shareholders. The impressive earnings show that the company is on the right track and is growing steadily. investors can be confident that their investment is safe and will continue to grow.

Market Price

The results were driven by higher revenues and lower expenses. MPLX LP stock opened at $33.2 and closed at $33.5, up by 0.1% from previous closing price of 33.5.

VI Analysis – Mplx Lp Intrinsic Stock Value

MPLX LP is a publicly traded limited partnership that owns, operates, and develops midstream energy infrastructure assets. The company’s fundamentals reflect its long term potential. The intrinsic value of MPLX LP share is around $29.6, calculated by VI Line. Now MPLX LP stock is traded at $33.5, a fair price overvalued by 13%.

VI 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 is a publicly traded partnership that owns and operates midstream energy infrastructure assets. The company’s assets include crude oil and refined product pipelines, storage facilities, and terminals. Mplx Lp’s assets are located in the United States, Canada, and Mexico. The company’s operations are focused on providing transportation and storage services for crude oil and refined products. Mplx Lp’s customers include major oil companies, independent exploration and production companies, and refiners.

Mplx Lp is one of the largest publicly traded partnerships in the United States. Mplx Lp’s stock is traded on the New York Stock Exchange under the ticker symbol “MPLX.” The partnership’s common units are also traded on the New York Stock Exchange under the ticker symbol “MPLX.”.