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FINDLAY, Ohio - MPLX LP (NYSE: NYSE:MPLX), a large-cap master limited partnership specializing in midstream energy infrastructure with a market capitalization of $53.27 billion and impressive P/E ratio of 12.42, announced today that it has filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission (SEC). According to InvestingPro data, the company has demonstrated strong profitability with a robust gross profit margin of 57%. The report details the company’s financial performance and is now accessible to the public through MPLX’s website.
Unitholders have the option to request a complimentary hard copy of the Annual Report, which includes the audited financial statements, by writing to the Investor Relations department at MPLX’s headquarters in Findlay, Ohio.
MPLX operates a broad range of midstream assets, including crude oil and refined product pipelines, an inland marine business, and light-product terminals. The partnership also manages storage caverns, refinery tanks, and crude and light-product marine terminals. Its network extends to gathering systems and pipelines for crude oil and natural gas, as well as natural gas and natural gas liquids (NGL) processing and fractionation facilities situated in strategic U.S. supply basins. The company has maintained consistent dividend payments for 13 consecutive years, currently offering an attractive 7.24% yield to investors.
This filing provides investors with a comprehensive overview of MPLX’s financial health and operational performance over the past year. The company’s diverse asset base and its role in the energy infrastructure and logistics sectors are key points of interest for stakeholders and potential investors. With a remarkable 45.47% total return over the past year and trading near its 52-week high, MPLX has caught the attention of analysts, with three recently revising their earnings expectations upward. For detailed analysis and additional insights, investors can access the comprehensive Pro Research Report available on InvestingPro.
Investors and media representatives seeking further information can contact MPLX’s Investor Relations or Communications Managers respectively, using the provided contact details.
The information for this article is based on a press release statement.
In other recent news, MPLX LP reported fourth-quarter earnings and revenue that exceeded analyst expectations. The company achieved an adjusted earnings per share of $1.07, surpassing the analyst estimate of $1.03, and recorded revenue of $3.06 billion, slightly above the consensus estimate of $3 billion. Following these results, Stifel analysts raised their price target for MPLX to $58 from $49, maintaining a Buy rating. Stifel’s analysis was buoyed by MPLX’s plans to invest $2.5 billion in downstream projects, including new fractionation facilities and an LPG export terminal, which are expected to bolster the company’s cash flow resilience.
Additionally, MPLX outlined its capital spending outlook for 2025, projecting $2.0 billion in total expenditures with significant investments in Natural Gas and NGL Services. Stifel noted MPLX’s commitment to growth, highlighting management’s focus on distribution growth as a primary method of returning capital to shareholders. The firm anticipates consistent levels of distribution growth, potentially reaching at least 10% annually over the next few years. MPLX’s recent performance and strategic initiatives underscore the company’s focus on enhancing cash flow stability and long-term value for unitholders.
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