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MPLX MPLX Payments to Acquire Equity Method Investments

Discontinued — last reported Q2 '24

Payments to Acquire Equity Method Investments at other companies

Corteva logo
CortevaCTVA
$7M-74.1%
Ispire Technology Inc. logo
Ispire Technology Inc.ISPR
$250K
GE Vernova logo
GE VernovaGEV
$10M-58.3%
Healthcare Services Group logo
Healthcare Services GroupHCSG
$50K
Live Nation Entertainment logo
Live Nation EntertainmentLYV
$32.57M+207%
Willis Towers Watson logo
Willis Towers WatsonWTW
$14M+100%

Segments

By segment

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Natural Gas & NGL Services$237M+99.2%

Other financials

Income statement

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Revenue$3.3B+10.3%
Operating income$1.4B+6.6%
Net income$1.1B+1.8%
EPS (diluted)$1.06+2.9%

Balance sheet

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Cash & equivalents$1.0B-25.6%
Total debt$25.6B+9,326%
Total assets$43.0B+13.6%

Cash flow

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Operating cash flow$1.3B+8.1%
CapEx$575.0M+115%
Free cash flow$772.0M-21.1%

Valuation

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Market cap$59.51B+16.3%
P/E12.5×+0.8×
P/S4.5×+0.3×

Profitability

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Operating margin44.4%+1.1pp
Net margin36%+0.2pp
FCF margin30.2%-9.4pp

Returns & leverage

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Current ratio1.1×0.0×

Where this comes from

Reported directly by MPLX in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireEquityMethodInvestments.

The source filing: MPLX’s 10-Q, filed August 6, 2024.

Filed
Aug 6, 2024
Fiscal quarter
Q2 FY2024
Calendar quarter
Q2 2024
Accession
0001552000-24-000026
(In millions)Six Months Ended June 30, 2024Six Months Ended June 30, 2023
Additions to property, plant and equipment(468)(432)
Acquisitions, net of cash acquired(622)
Disposal of assets18
Investments - acquisitions and contributions(154)(77)
- redemptions, repayments, return of capital and sales proceeds134
Net cash used in investing activities(1,110)(491)
Financing activities:
Long-term debt borrowings1,6301,589

Item 1. Financial Statements

FAQ

What is MPLX's payments to acquire equity method investments?
MPLX (MPLX) reported payments to acquire equity method investments of $35M in Q2 2024.
How has MPLX's payments to acquire equity method investments changed year-over-year?
MPLX's payments to acquire equity method investments increased by 34.6% year-over-year, from $26M to $35M.
What is the long-term trend for MPLX's payments to acquire equity method investments?
Over 2 years (2021 to 2023), MPLX's payments to acquire equity method investments has grown at a -19.4% compound annual growth rate (CAGR), from $151M to $98M.

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