MPLX reported adjusted EBITDA of $1.775 billion, in line with PitchBook consensus of $1.750 billion. Management reiterated its growth outlook as major projects remain on schedule for the second half of the year.
Crude and refined products pipelines serve Marathon refineries and can continue pushing fees higher via inflation indexation.
By investing in NGL operations, management has made the firm far more volatile relative to a fixed fee only business.
|
Metric
|
MPLX
|
OKE
|
ET
|
|---|---|---|---|
Price/Earnings (Normalized) | 13.18 | 16.56 | 14.20 |
Price/Book Value | 4.33 | 2.68 | 2.32 |
Price/Sales | 5.20 | 1.56 | 0.69 |
Price/Cash Flow | 10.48 | 9.48 | 5.47 |
|
Metric
|
MPLX
|
OKE
|
ET
|
|---|---|---|---|
Quick Ratio | 0.81 | 0.52 | 0.91 |
Current Ratio | 0.89 | 0.74 | 1.16 |
Interest Coverage | 5.11 | 3.69 | 3.06 |
|
Metric
|
MPLX
|
OKE
|
ET
|
|---|---|---|---|
Return on Assets (Normalized) | 10.99% | 5.57% | 5.59% |
Return on Equity (Normalized) | 32.72% | 16.69% | 24.66% |
Return on Invested Capital (Normalized) | 14.38% | 9.16% | 9.60% |
|
1-Day Chart
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United States