MPLX LP (MPLX) Files 10-K for the Fiscal Year Ended on December 31, 2018

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MPLX LP (MPLX) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. MPLX LP is a limited partnership company that owns, operates develops and acquires midstream energy infrastructure assets. It gathers, processes and transports natural gas, crude oil, and refined petroleum products. MPLX LP has a market cap of $26.7 billion; its shares were traded at around $33.62 with a P/E ratio of 14.57 and P/S ratio of 4.20. The dividend yield of MPLX LP stocks is 7.54%. MPLX LP had annual average EBITDA growth of 7.00% over the past five years.


For the last quarter MPLX LP reported a revenue of $1.6 billion, compared with the revenue of $1 billion during the same period a year ago. For the latest fiscal year the company reported a revenue of $6.1 billion, an increase of 64.7% from last year. For the last five years MPLX LP had an average revenue growth rate of 70.8% a year.

The reported diluted earnings per share was $2.29 for the year, an increase of 116% from previous year. Over the last five years MPLX LP had an average EPS decline of 8.1% a year. The MPLX LP enjoyed an operating margin of 37.23%, compared with the operating margin of 30.15% a year before. The 10-year historical median operating margin of MPLX LP is 32.45%. The profitability rank of the company is 8 (out of 10).

At the end of the fiscal year, MPLX LP has the cash and cash equivalents of $68.0 million, compared with $5.00 million in the previous year. The company had no long term debt, compared with $6.9 billion in the previous year. The interest coverage to the debt is 3.4. MPLX LP has a financial strength rank of 5 (out of 10).

At the current stock price of $33.62, MPLX LP is traded at close to its historical median P/S valuation band of $31.74. The P/S ratio of the stock is 4.20, while the historical median P/S ratio is 3.97. The stock gained 3.81% during the past 12 months.

For the complete 20-year historical financial data of MPLX, click here.

This article first appeared on GuruFocus.


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