1. MPLX LP (NYSE: MPLX)
Industry: Energy and logistics
Dividend yield: 7.49%1
Market cap: $52.20 billion2
MPLX owns and operates midstream energy infrastructure and logistics assets, and provides fuel distribution services. Its operations are divided broadly into two segments: Crude Oil and Products Logistics and Natural Gas & NGL
(Natural Gas Liquids)
Services.
In the first instance, MPLX handles pipelines for crude oil and refined petroleum products, storage terminals, marine terminals and docks, and rails and terminals for refined fuel.
In the second, it deals with gathering and processing natural gas, fractionation, storage and marketing of NGLs, plus the sale of residue gas and condensate.
It has a sizeable infrastructure footprint: thousands of miles of crude oil and light product pipelines, many terminals and storage facilities, marine transport via boats and barges, and a network of refining logistics and distribution facilities.
Highlights:
- According to its latest earnings report, it distributed $976 million to shareholders in its most recent dividend payment, which typically occurs every three months3
- This figure works out to $0.956 per share4
- The company repurchased $100 million worth of stock, signalling that MPLX believes its stock will increase in value5