MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. It operates in two segments, Logistics and Storage, and Gathering and Processing. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, exchange, storage, and marketing of natural gas liquids; gathering, storage, transportation, and distribution of crude oil and refined products, as well as other hydrocarbon-based products; and sale of residue gas and condensate. It also engages in the inland marine businesses comprising transportation of light products, heavy oils, crude oil, renewable fuels, chemicals, and feedstocks in the Mid-Continent and Gulf Coast regions, as well as owns and operates boats and barges, including third-party chartered equipment, and a marine repair facility located on the Ohio River; and distribution of fuel, as well as operates refining logistics, terminals, rail facilities, and storage caverns. In addition, the company operates terminal facilities for the receipt, storage, blending, additization, handling, and redelivery of refined petroleum products located through the pipeline, rail, marine, and over-the-road modes of transportation. MPLX GP LLC acts as the general partner of MPLX LP. The company was incorporated in 2012 and is headquartered in Findlay, Ohio. MPLX LP operates as a subsidiary of Marathon Petroleum Corporation.

MPLX LP

Enbridge Inc. operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States. The Gas Transmission and Midstream segment invests in natural gas pipelines, and gathering and processing facilities in Canada and the United States. The Gas Distribution and Storage segment is involved in natural gas utility operations serving residential, commercial, and industrial customers in Ontario, as well as natural gas distribution and energy transportation activities in Quebec. The Renewable Power Generation segment operates power generating assets, such as wind, solar, geothermal, and waste heat recovery facilities; and transmission assets in North America and Europe. The Energy Services segment provides energy marketing services to refiners, producers, and other customers; and physical commodity marketing and logistical services in Canada and the United States. The company was formerly known as IPL Energy Inc. and changed its name to Enbridge Inc. in October 1998. Enbridge Inc. was founded in 1949 and is headquartered in Calgary, Canada.

Enbridge Inc.

Energy Transfer LP provides energy-related services. The company owns and operates approximately 11,600 miles of natural gas transportation pipeline, and three natural gas storage facilities in Texas and two natural gas storage facilities located in the state of Texas and Oklahoma; and 19,830 miles of interstate natural gas pipeline. It also sells natural gas to electric utilities, independent power plants, local distribution and other marketing companies, and industrial end-users. The company owns and operates natural gas gathering and natural gas liquid (NGL) pipeline, processing plant, and treating and conditioning facilities in Texas, New Mexico, West Virginia, Pennsylvania, Ohio, Oklahoma, Arkansas, Kansas, and Louisiana; natural gas gathering, oil pipeline, and oil stabilization facilities in South Texas; and a natural gas gathering system in Ohio, as well as transport and supplies water to natural gas producer in Pennsylvania. It owns approximately 5,215 miles of NGL pipeline; NGL and propane fractionation facilities; NGL storage facilities with working storage capacity of approximately 50 million barrels (MMBbls); and other NGL storage assets and terminal with an aggregate storage capacity of approximately 17 MMBbls. The company provides crude oil transportation, terminalling, acquisition, and marketing activities; and sells and distributes gasoline, middle distillate, and motor fuels and other petroleum product. It offers natural gas compression service; carbon dioxide and hydrogen sulfide removal, natural gas cooling, dehydration, and British thermal unit management service; and manages coal and natural resources properties, as well as sells standing timber, leases coal-related infrastructure facilities, collects oil and gas royalty, and generate electrical power. The company was formerly known as Energy Transfer Equity, L.P. and changed its name to Energy Transfer LP in October 2018. The company was founded in 1996 and is headquartered in Dallas, Texas.

Ray Davis

Kelcy Warren

Energy Transfer LP

Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. The company operates through four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. The NGL Pipelines & Services segment offers natural gas processing and related NGL marketing services. It operates 19 natural gas processing facilities located in Colorado, Louisiana, Mississippi, New Mexico, Texas, and Wyoming; NGL pipelines; NGL fractionation facilities; NGL and related product storage facilities; and NGL marine terminals. The Crude Oil Pipelines & Services segment operates crude oil pipelines; and crude oil storage and marine terminals, which include a fleet of 255 tractor-trailer tank trucks that are used to transport crude oil. It also engages in crude oil marketing activities. The Natural Gas Pipelines & Services segment operates natural gas pipeline systems to gather, treat, and transport natural gas. It leases underground salt dome natural gas storage facilities in Napoleonville, Louisiana; owns an underground salt dome storage cavern in Wharton County, Texas; and markets natural gas. The Petrochemical & Refined Products Services segment operates propylene fractionation and related marketing activities; butane isomerization complex and related deisobutanizer operations; and octane enhancement and high purity isobutylene production facilities. It also operates refined products pipelines and terminals; and ethylene export terminals, as well as provides refined products marketing and marine transportation services. The company was founded in 1968 and is headquartered in Houston, Texas.

Dan L. Duncan

Enterprise Products Partners L.P.

MPLX is a diversified master limited partnership that owns and operates midstream energy infrastructure and logistics assets, and provides fuels distribution services. Self-described capabilities include a network of crude oil and refined product pipelines, an inland marine business, light-product terminals, and storage facilities.

MPLX

MPLX operates several natural gas gathering systems with the scope of services provided dependent on the composition of the raw or untreated gas. Our natural gas processing complexes remove the heavier and more valuable hydrocarbon components from natural gas.

Metric
Company Name	MPLX LP	Enbridge Inc.	Energy Transfer LP	Enterprise Products Partners L.P.
Symbol	MPLX	ENB	ET	EPD
MSH ID	COM:MPLX	COM:ENBRIDGE	COM:ENERGYTRANSFER	COM:ENTERPRISEPRODUCTS
Market	STOCKS	STOCKS	STOCKS	STOCKS
Sector	Energy	Energy	Energy	Energy
Industry	Oil & Gas Midstream	Oil & Gas Midstream	Oil & Gas Midstream	Oil & Gas Midstream
Country	US	CA	US	US
Stage	Post-IPO Debt
Employee Count	6.20K	11.50K	13.79K	7.30K
Website	mplx.com	enbridge.com	energytransfer.com	enterpriseproducts.com
LinkedIn		enbridge	energy-transfer	enterprise-products
Founders

Metric
Market Cap	42.51B	73.23B	54.89B	63.32B
Enterprise Value
Monthly Web Traffic	6.04K
Web Traffic Growth	-0.70
Valuation
Raised Capital	1.65B

Metric
Revenue	10.69B	30.88B	78.59B	49.72B
Revenue (LTM)
Revenue (NTM)
Gross Profit	4.83B	12.50B	13.66B	6.70B
EBITDA	5.54B	11.86B	13.16B	8.81B
Operating Income	4.33B	6.12B	8.29B	6.47B
Net Income	3.93B	4.38B	3.94B	5.53B
EPS	3.83	2.01	1.10	2.52
Diluted EPS	3.82	2.01	1.09	2.52
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin	0.68	0.42	0.19	0.13
Operating Profit Margin	0.44	0.20	0.11	0.14
EBITDA Margin	0.52	0.38	0.17	0.18
Net Profit Margin	0.38	0.14	0.05	0.11
Return on Equity	0.32	0.10	0.12	0.28
Return on Assets	0.11	0.03	0.04	0.08
Return on Capital Employed	0.18	0.05	0.08	0.12

COM:MPLX

MPLX

Last Close

48.27

22/11 21:00

Market Cap

42.51B

Beta: -

Volume Today

2.46M

Avg: -

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio	10.44	29.43	11.95	10.66
P/B Ratio	3.05	1.48	1.11	2.11
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio	4.16	2.90	0.70	1.26
EV Multiple	4.35	2.41	0.31	4.51

Metric
Days Sales Outstanding	29.07	33.18	45.52	51.84
Days Payables Outstanding	10.34	57.48	45.61	8.32
Days Inventory Outstanding	27.00	20.78	14.17	28.44
Operating Cycle	65.53	63.32	56.97	85.50
Cash Conversion Cycle	54.12	6.74	18.74	75.36
Asset Turnover	1.71	0.24	0.70	0.77

Metric
Operating Cash Flow	5.40B	10.05B	9.55B	7.57B
Free Cash Flow	4.46B	6.60B	6.42B	4.30B
Cash Flow to Debt	0.41	0.17	0.19	0.27
Operating Cash Flow/Sales	0.51	0.33	0.12	0.16
Free Cash Flow Yield	0.12	0.09	0.13	0.09

Metric
Cash & Equivalents	1.05B	4.17B	161M	180M
Accounts Receivable	14M	808.54M	-176M	-806M
Inventory	159M	1.05B	2.48B	3.35B
Goodwill	7.64B	22.53B	4.02B	5.61B
Debt to Capitalization	0.62	0.58	0.63	0.99
Debt to Assets	0.57	0.43	0.45	0.41
Current Ratio	1.96	0.67	1.05	0.92
Quick Ratio	1.36	0.68	1.00	0.68

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue	0.00	0.01	0.00	0.00
R&D to Revenue
SG&A to Revenue	0.04	0.14		0.00