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Key comparison between MPLX and its peers
MPLX shows the steepest fall in its EV/EBITDA, indicating expectations for the strongest EBITDA growth among its peers here.
Marathon Petroleum Corporation (MPC) recently announced an agreement with Enbridge Energy (EEP) to serve as an anchor shipper on its Sandpiper Pipeline.
MPLX LP’s (MPLX) primary growth strategy is to accelerate its annual distribution growth rate to average in the mid-20% range over the next five years.
Barclays PLC (BCS) rated MPLX as “overweight,” pinning the 12-month target price at $78 and one year returns at 48.91%.
MPLX stock jumped almost 6% in a single day on this announcement. An upbeat earnings report also helped the stock gain.
The increase in wholesale volumes would mean greater volume shipped by Marathon Petroleum Corporation (MPC), which is a positive for MPLX.
According to an MPLX press release, the increase in revenues and net income was due to higher pipeline tariffs.
MPC is a major revenue source for MPLX. It provides stable cash flows to MPLX, thanks to the long-term, fee-based agreements.
The barge dock is used both for crude oil barge loading and products barge unloading. It’s connected to the MPLX Wood River tank farm by two pipelines.
Canton to East Sparta consists of two parallel pipelines that connect MPC’s Canton refinery with the MPLX East Sparta, Ohio, breakout tankage and station.
MPLX LP’s (MPLX) product pipeline systems are integrated into Marathon Petroleum Corporation’s (MPC) refined product marketing terminals.
MPLX crude pipelines are connected to supply hubs, and transport crude oil to Marathon Petroleum Corporation’s, or MPC’s, refineries and third parties.
MPC is as crucial to MPLX as MPLX is to MPC. The possibility that MPC might drop down its midstream assets presents a great opportunity to MPLX.
Marathon Petroleum Corporation, or MPC, owns 100% of the MPLX general partnership, or GP, interests, as well as the incentive distribution rights.
Antero plans to achieve 45 to 50% growth in 2015 and 2016. These achievements would mean significant growth at Antero Midstream as well.
Antero was the biggest ever MLP IPO, which indicates that the markets support and are fond of MLPs.
Antero Midstream (AM), which raised $1.15 billion in its IPO, broke Shell Midstream’s record of $1.06 billion.
Antero Resources’ current acreage is focused in the Marcellus Shale in West Virginia and the Utica Shale in Ohio.
The public owns 30.3% limited partner interest, while Antero and its affiliates own the remaining 69.7% interest in the partnership.
On October 27, Antero Resources Corporation announced the initial public offering of Antero Midstream Partners LP.