MPLX LP, incorporada en 2012 y con sede en Findlay, Ohio, opera como subsidiaria de Marathon Petroleum Corporation, y MPLX GP LLC ...
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BPA est. $1.17 · Ingresos $3.36B · 4 analistas
BPA est. $1.20 · Ingresos $3.43B · 4 analistas
BPA est. $4.30 · Ingresos $13.09B · 7 analistas
BPA est. $1.11 · Ingresos $3.48B · 1 analistas
$4.31 por acción
$4.31 por acción
| Métrica | Último | InteranualYoY significa Year-over-Year (interanual). Compara el último valor anual con el valor anual anterior para mostrar la fortaleza de la tendencia a largo plazo. | TrimestralQoQ significa Quarter-over-Quarter (intertrimestral). Compara el último trimestre con el trimestre inmediatamente anterior para mostrar cambios de impulso a corto plazo. |
|---|---|---|---|
| IngresosEl dinero total que entró por la puerta principal al vender cosas, antes de pagar una sola factura. Piensa en esto como el gran total de cada compra con tarjeta de los clientes. (YoY compara el rendimiento de este año con el del año pasado, mientras que QoQ compara los tres meses actuales con los tres anteriores). | $11.8B | +8.4% | +15.7% |
| Beneficio netoEl resultado final absoluto. Si la empresa pagara a cada proveedor, empleado, banquero y recaudador de impuestos, este es el dinero real que queda en su bolsillo al final del día. | $4.9B | +13.8% | +19.2% |
| Margen brutoEl margen básico. Si venden unas zapatillas de 100 dólares, este porcentaje indica cuánto de ese precio es ganancia justo después de pagar el caucho y los cordones, pero antes de pagar el alquiler de la tienda o los anuncios de televisión. | +45.2% | +2.4% | +38.8% |
| Margen operativoLa puntuación de eficiencia del 'trabajo diario'. De cada dólar que gasta un cliente, esto muestra cuántos centavos mantiene la empresa después de fabricar el producto Y pagar todos los gastos generales corporativos (como salarios, marketing y mantener las luces encendidas). | +40.3% | -16.9% | +16.3% |
| Margen netoEl porcentaje final que se lleva a casa. Cuando se eliminan todos los costos concebibles, impuestos y pagos de intereses, este es el número exacto de centavos que la empresa realmente se queda de cada dólar en ventas. | +41.6% | +5.0% | +3.0% |
| Flujo de caja libreEl santo grial del efectivo corporativo. Es el dinero físico gastable que queda después de que el negocio paga sus operaciones diarias Y compra las actualizaciones grandes y costosas (como nuevas fábricas o servidores) que necesita para sobrevivir. Este es el dinero 'libre' que pueden usar para pagar dividendos o recomprar acciones. | $4.1B | -16.1% | +13.6% |
| Margen FCFLa tasa definitiva de conversión de efectivo. Muestra qué tan buena es la empresa para convertir ventas regulares directamente en efectivo frío, duro y gastable. Un porcentaje alto significa que el negocio es una auténtica máquina de imprimir dinero. | +34.7% | -22.6% | -1.8% |
| Deuda/PatrimonioEl indicador de riesgo financiero. Compara cuánto del imperio de la empresa se construyó con dinero prestado (préstamos) frente al dinero propio de los propietarios (accionistas). Un número alto significa que están muy apalancados y juegan un juego más arriesgado; un número bajo significa que juegan a lo seguro. | 182.9% | +17.6% | -0.6% |
| Ratio corrienteLa verificación de supervivencia de 12 meses. Simplemente compara el efectivo que tienen ahora mismo (más cosas que pueden convertirse rápidamente en efectivo) con las facturas inmediatas que absolutamente deben pagar este año. Una puntuación superior a 1 significa que tienen suficiente en la billetera para cubrir las próximas facturas sin entrar en pánico. | 1.23x | +21.4% | -19.2% |
| Activos totalesEl tamaño absoluto del imperio de la empresa. Agrupa absolutamente todo lo valioso que poseen, desde el efectivo en la caja registradora y el inventario en el almacén, hasta las patentes de software en la bóveda y las fábricas en el suelo. | $43.0B | +14.6% | +0.1% |
| Métrica | Anual (real vs estimado) | Sorpresa anual | Trimestral (real vs estimado) | Sorpresa trimestral |
|---|---|---|---|---|
| EPS Surprise | 4.82 vs 4.64 | +3.9% | 1.06 vs 1.17 | -9.0% |
| Revenue Surprise | $11.8B vs $13.0B | -8.8% | $3.3B vs $3.4B | -1.3% |
| Fecha | Ejecutivo | Cargo | Valor | Lado | Acciones | Precio |
|---|---|---|---|---|---|---|
| Aug 14, 2026 | Peiffer Garry L. | director | Common Units (Limited Partner Interests) | A | 1,232 | — |
| Aug 14, 2026 | Walker Ray N JR | director | Common Units (Limited Partner Interests) | A | 82 | — |
| Aug 14, 2026 | SURMA JOHN P | director | Common Units (Limited Partner Interests) | A | 1,563 | — |
| Aug 14, 2026 | STICE J MICHAEL | director | Common Units (Limited Partner Interests) | A | 983 | — |
| Aug 14, 2026 | SEMPLE FRANK M | director | Common Units (Limited Partner Interests) | A | 1,073 | — |
Operator: Welcome to the MPLX Second Quarter 2026 Earnings Call. My name is Julie, and I will be your operator for today's call.[Operator Instructions] Please note that this conference is being recorded. I will now turn the call over to [ Brian Worthington ]. Brian, you may begin. Unknown Executive: Welcome to MPLX's Second Quarter 2026 Earnings Conference Call. The slides that accompany this call can be found on our website at mplx.com under the Investors tab. Joining me on the call today are Maryann Mannen, President and CEO; Kris Hagedorn, CFO; and other members of the executive team. We invite you to read the safe harbor statements on Slide 2. We will be making forward-looking statements today. Actual results may differ. Factors that could cause actual results to differ are included there as well as in our filings with the SEC. With that, I will turn the call over to Maryann. Maryann Mannen: Thanks, Brian. Good morning, and thank you for joining our call. Our second quarter results reflect the consistent execution of our strategic priorities. MPLX delivered $1.8 billion of adjusted EBITDA in the second quarter, a 5% increase versus the same period last year, more than overcoming the divestiture of the Rockies assets in late 2025. This enabled a return of over $1.1 billion to our unitholders. 2026 is also a year of execution. We continue to advance high-return projects across our integrated natural gas and NGL value chains. The sequencing of projects entering service gives us confidence in a meaningful increase in EBITDA in the second half of 2026 and next year. In the Delaware Basin, we placed the Secretariat I processing plant into service in April, and exited the quarter at 86% utilization of our Delaware Basin processing system, demonstrating strong producer demand and operational excellence from our teams. And in August, the Harmon Creek III processing plant is beginning operations in line with our strategy to add processing capacity on a just-in-time basis. This increases our total processing capacity to 8.1 billion cubic feet per day and deethanization capacity to over 800,000 barrels per day. This plant, along with our associated gathering and compression expansions, extends our ability to meet producer needs in liquids-rich areas and supports long-term throughput growth. As we expand MPLX's core value chains, we are also focused on maximizing utilization of existing assets and optimizing operations. In the Northeast, Marcellus processing utilization of 96% in the quarter led to record volumes across our system, while strong production activity in the Utica supported processing utilization of 73%. In the Permian, sour gas treating volumes exceeded 150 million cubic feet per day for the second consecutive quarter as we continue to optimize operations at our Titan treating facility. As throughputs increase across our gathering and processing assets and additional projects enter service in the second half of the year, MPLX remains …
| Nombre | Cargo | Remuneración | Género | Año de nacimiento | Estado |
|---|---|---|---|---|---|
Maryann T. Mannen | Chairman of the Board, President & Chief Executive Officer of MPLX GP LLC | USD 5,157,481 | Female | 1963 | Active |
Molly R. Benson | Chief Legal Officer & Corporate Secretary of MPLX GP LLC | USD 1,721,107 | Female | 1967 | Active |
Gregory Scott Floerke | Executive Vice President & Chief Operating Officer of MPLX GP LLC | USD 1,538,361 | Male | 1963 | Active |
Shawn Lyon | Senior Vice President of Logistics & Storage - MPLX GP LLC | USD 1,473,328 | Male | 1968 | Active |
Carl Kristopher Hagedorn | Executive Vice President, Chief Financial Officer & Director of MPLX GP LLC | USD 1,241,078 | Male | 1976 | Active |
David R. Heppner | Senior Vice President of MPLX GP LLC | — | Male | 1967 | Active |
Michael A. Henschen | Senior Vice President of MPLX GP LLC | — | Male | 1971 | Active |
Rick D. Hessling | Senior Vice President of MPLX GP LLC | — | Male | 1967 | Active |
Kristina Anna Kazarian | Vice President of Finance & Investor Relations - MPLX GP LLC | — | Female | 1983 | Active |
Brian K. Partee | Senior Vice President of MPLX GP LLC | — | Male | 1974 | Active |
Conservative capital spending by upstream players is adding uncertainty to the Zacks Oil and Gas - Production and Pipelines industry's outlook. KMI, WMB and MPLX are surviving the industry challenges.
FINDLAY, Ohio, Aug. 10, 2026 /PRNewswire/ -- MPLX LP (NYSE: MPLX) announced today that it has priced $2.25 billion in aggregate principal amount of unsecured senior notes in an underwritten public offering consisting of $1.25 billion aggregate principal amount of 4.700% senior notes due 2029, $500 million aggregate principal amount of 5.000% senior notes due 2032 and $500 million aggregate principal amount of 5.500% senior notes due 2036. MPLX intends to use the net proceeds from this offering to redeem, repay or otherwise extinguish MPLX's outstanding $1.25 billion aggregate principal amount of 4.125% senior notes due March 2027 (the "2027 Notes") and intends to use the remaining net proceeds for general partnership purposes, which may include capital expenditures and working capital.
MPLX's growth pipeline and rising gas and NGL investments support cash-flow growth, but higher spending and leverage raise execution risks.
MPLX LP delivered a solid Q2, with adjusted EBITDA up 5% and distributions growing 12.5%, confirming its status as a top-tier MLP. Growth is driven by robust natural gas and NGL services, with over 90% of increased capex targeting these segments and multiple projects providing multi-year visibility. Distribution coverage dipped to 1.3x, and leverage rose to 3.7x due to capex ramp-up, but the payout remains stable and is expected to keep growing.
MPLX (MPLX) remains a Strong Buy, with reliable income and visible growth supported by robust project execution and strong demand. Distribution coverage remains healthy at ~1.3x, with a 12.5% distribution growth commitment now extended through 2026 and 2027. Recent distributable cash flow softness is attributed to timing and financing of growth projects, not structural weakness, with leverage at a manageable ~3.7x.
