MPLX LP Boosts Investor Distributions

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MPLX LP ($NYSE:MPLX) is a publicly traded master limited partnership that owns, operates, and develops midstream energy infrastructure assets. MPLX LP is continuing to improve its results, and has now decided to boost its investor distributions. This is a positive development for the company, and should help to continue to attract new investors. The increased distributions will be paid out quarterly, and investors will be able to receive them through either a direct deposit into their brokerage account, or by check.

Stock Price

MPLX LP is a publicly traded master limited partnership (MLP) that owns and operates midstream energy infrastructure assets. The company is headquartered in Findlay, Ohio. MPLX LP’s assets include crude oil and refined products pipelines, storage facilities, and terminals. The company’s operations are primarily focused on the Midwest and Gulf Coast regions of the United States. The company’s stock is traded on the New York Stock Exchange under the ticker symbol “MPLX”. MPLX LP’s shareholders are currently enjoying a boost in distributions, thanks to the company’s strong performance in recent years. Media exposure to the company has been mostly positive, with MPLX LP’s stock price rising steadily since its IPO.

However, on Thursday, MPLX LP’s stock price opened at $32.5 and closed at $32.3, down 1.8% from its previous closing price of $32.9. Despite this slight dip, MPLX LP remains a strong investment for those looking to profit from the continued growth of the midstream energy sector.

VI Analysis

MPLX LP is a strong dividend paying company with good growth prospects. It is weak in terms of asset management, but this is offset by its strong profitability. The company has a high health score, indicating that it is capable of weathering any economic downturn without the risk of bankruptcy.

MPLX LP is classified as a ‘gorilla’, meaning that it has achieved stable and high revenue or earnings growth due to its strong competitive advantage. This makes it an attractive investment for those looking for stability and consistent returns.

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 master limited partnership that owns, operates, develops, and acquires midstream energy infrastructure assets. MPLX LP is majority-owned by Marathon Petroleum Corporation (MPC), one of the largest petroleum refiners in the United States. MPLX LP’s assets are primarily located in the Midwest and Gulf Coast regions of the United States, which are home to some of the most active oil and gas plays in the country. The partnership’s pipelines transport crude oil, refined products, and natural gas, and its storage tanks and terminals provide critical infrastructure for the distribution of these energy products.

MPLX LP’s natural gas processing plants extract valuable natural gas liquids (NGLs) from raw natural gas, which are used in a variety of applications including transportation fuels, petrochemical feedstocks, and home heating. Investors in MPLX LP can benefit from the partnership’s stable cash flows, which are supported by long-term contracts with creditworthy counterparties. MPLX LP also offers investors the potential for distribution growth as the partnership expands its asset base and completes new projects.