MPLX LP
NYSE:MPLX
Gross Margin
MPLX LP
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Gross Margin Across Competitors
| Country | Company | Market Cap |
Gross Margin |
||
|---|---|---|---|---|---|
| US |
|
MPLX LP
NYSE:MPLX
|
55B USD |
60%
|
|
| CA |
|
Enbridge Inc
TSX:ENB
|
138.6B CAD |
46%
|
|
| US |
|
Enterprise Products Partners LP
NYSE:EPD
|
73.8B USD |
20%
|
|
| US |
|
Williams Companies Inc
NYSE:WMB
|
72.2B USD |
80%
|
|
| US |
|
Energy Transfer LP
NYSE:ET
|
64B USD |
25%
|
|
| US |
|
Kinder Morgan Inc
NYSE:KMI
|
63B USD |
52%
|
|
| US |
|
ONEOK Inc
NYSE:OKE
|
57.4B USD |
39%
|
|
| US |
|
Cheniere Energy Inc
NYSE:LNG
|
50.7B USD |
55%
|
|
| CA |
|
TC Energy Corp
TSX:TRP
|
71.5B CAD |
68%
|
|
| US |
|
Targa Resources Corp
NYSE:TRGP
|
43.1B USD |
35%
|
|
| US |
|
Cheniere Energy Partners LP
NYSE:CQP
|
30.9B USD |
47%
|
MPLX LP
Glance View
MPLX LP operates as an integrated midstream company primarily in the United States, flourishing in a landscape defined by a delicate balance of energy demand and infrastructure development. Formed as a master limited partnership by Marathon Petroleum Corporation in 2012, MPLX LP seized the opportunity within the burgeoning shale oil and natural gas industries to carve out a robust position in transport and storage logistics. Essentially, MPLX ensures that natural gas, crude oil, and refined products reach their destinations efficiently through their extensive network of pipelines and storage facilities. The company’s operations are underpinned by long-term, fee-based contracts that yield consistent revenue, largely insulated from the volatile swings in commodity prices. This fee-for-service model secures steady cash flows by allowing producers to rely on MPLX's infrastructure to transport their products to markets or storage locations. At the heart of MPLX's strategy is its diversified operation encompassing both logistics and gathering and processing segments. The logistics segment manages transportation and storage that includes pipelines, terminals, and marine operations, creating a reliable transit hub for energy commodities. Meanwhile, the gathering and processing segment optimizes the supply chain at its origin by collecting raw natural gas and crude oil, subsequently treating and transforming it into market-ready components. This dual-segment model empowers MPLX to harness synergies across the energy supply chain, maintaining strong ties with Marathon Petroleum while also engaging third-party contracts. Through strategic expansions and acquisitions, MPLX has broadened its reach, ensuring that as energy trends evolve, it remains a steadfast player in the midstream infrastructure realm, capitalizing on its scalability and expertise to fuel future growth.
See Also
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Based on MPLX LP's most recent financial statements, the company has Gross Margin of 59.7%.
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