Fourth-Quarter 2019 Earnings Conference Call January 29, 2020
Fourth-Quarter and Full-Year Highlights Reported fourth-quarter adjusted EBITDA attributable to MPLX of 1.3 billion Reported full-year adjusted EBITDA attributable to MPLX of 4.3 billion, or 5.1 billion including results of Andeavor…
Targeting Positive Free Cash Flow Disciplined Approach and Long-term Focus 2019 The Path to Increased Cash Flow 2021(a) EBITDA 5.1 B(b) EBITDA Continued Growth DCF 4.1 B(b) DCF Continued Growth Distributions Growth Capital…
Logistics & Storage Segment 66% of FY2019 adj. EBITDA Pipeline throughputs averaged 5.1 MMBPD Approximately flat year-over-year Terminalling throughputs averaged 3.3 MMBPD Increase of 4% year-over-year MEXICO Progressing…
Gathering & Processing Segment 4Q19 Processed Volumes(a) 34% of FY 2019 EBITDA Capacity at Utilization of Average End of Available Area Volume 4Q19 Overall volumes and % increase: Quarter (MMcf/d) Capacity (MMcf/d) (%)(b) vs.…
Financial and Balance Sheet Highlights As of (MM except ratio data) 12/31/19 Cash and cash equivalents 15 Total assets 40,430 Total debt(a) 20,307 Redeemable preferred units 968 Total equity 16,613 Fourth quarter 2019…
Gathering & Processing Segment Sub-Region Processed Volumes Marcellus/Utica Processed Volumes(a) Southwest Processed Volumes(a) Capacity at End Average Utilization of Capacity at End Average Utilization of Area of Quarter Volume…
Organic Growth Capital Projects Logistics & Storage Segment Est. Completion Projects Description Date Marine Fleet Expansion Displaces MPCs third-party barges and supports increased demand In Service(b) Mt. Airy Terminal Expansion…
Organic Growth Capital Projects Gathering & Processing Segment Est. Completion Est. Completion Processing and Fractionation Shale Resource Capacity Dates Gathering Date Through 2020 Sherwood 12 Processing Plant(b) Marcellus 200…