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.

MPLX MPLX Payments to Acquire Equity Method Investments

Discontinued — last reported Q2 '24

Payments to Acquire Equity Method Investments at other companies

Skyline ChampionSKY

$448K—

Ivanhoe ElectricIE

$6.25M—

NWN

Northwest NaturalNWN

$1M0.0%

KEE

Keel Infrastructure Corp. Common StockKEEL

$312.5K—

T-Mobile USTMUS

$0-100%

ESN

Essent GroupESNT

$5.74M-54.8%

Segments

By segment

See full

Natural Gas & NGL Services$237M+99.2%

Other financials

Income statement

See full

Revenue$3.0B-2.8%

Operating income$1.2B-11.1%

Net income$922.0M-18.8%

EPS (diluted)$0.90-18.2%

Balance sheet

See full

Cash & equivalents$1.5B-40.6%

Total debt$267.0M-5.3%

Total assets$42.9B+10.2%

Cash flow

See full

Operating cash flow$1.3B+8.1%

CapEx$575.0M+115%

Free cash flow$772.0M-21.1%

Valuation

See full

Market cap$56.9B+8.5%

Enterprise value$55.66B+10.9%

P/E12×+0.3×

P/S4.4×+0.1×

Profitability

See full

Operating margin44.8%+0.6pp

Net margin36.7%0.0pp

FCF margin30.2%-9.4pp

Returns & leverage

See full

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 official record: MPLX’s 10-Q, filed August 6, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

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.