Reviewing MPLX LP (MPLX)’s and Spectra Energy Partners LP (NYSE:SEP)’s results

We are contrasting MPLX LP (NYSE:MPLX) and Spectra Energy Partners LP (NYSE:SEP) on their institutional ownership, profitability, risk, dividends, analyst recommendations, earnings and valuation. They both are Oil & Gas Pipelines companies, competing one another.

Earnings and Valuation

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
MPLX LP 6.18B 4.19 1.74B 2.09 15.96
Spectra Energy Partners LP N/A 0.00 N/A 3.30 10.55

Table 1 shows top-line revenue, earnings per share and valuation of the two companies. The business that is presently more expensive of the two stocks is the one that has a higher price-to-earnings ratio. MPLX LP’s shares have been trading at higher price-to-earnings ratio which means it is presently more expensive than Spectra Energy Partners LP.

Profitability

Table 2 represents MPLX LP (NYSE:MPLX) and Spectra Energy Partners LP (NYSE:SEP)’s return on equity, return on assets and net margins.

Net Margins Return on Equity Return on Assets
MPLX LP 28.16% 18.8% 6.9%
Spectra Energy Partners LP 0.00% 0% 0%

Volatility & Risk

A 1.18 beta means MPLX LP’s volatility is 18.00% more than Standard and Poor’s 500’s volatility. From a competition point of view, Spectra Energy Partners LP has a 0.88 beta which is 12.00% less volatile compared to Standard and Poor’s 500.

Liquidity

MPLX LP has a Current Ratio of 0.8 and a Quick Ratio of 0.7. Competitively, Spectra Energy Partners LP’s Current Ratio is 1.2 and has 1.1 Quick Ratio. Spectra Energy Partners LP’s better ability to pay short and long-term obligations than MPLX LP.

Dividends

MPLX LP dividend pay is $2.53 per share with 7.73% dividend yield annually. Meanhile, Spectra Energy Partners LP’s yearly dividend is $3.03 per share and 8.56% dividend yield.

Analyst Recommendations

The table shown features the ratings and recommendations for MPLX LP and Spectra Energy Partners LP.

Sell Ratings Hold Ratings Buy Ratings Rating Score
MPLX LP 0 2 2 2.50
Spectra Energy Partners LP 1 0 0 1.00

The upside potential is 23.60% for MPLX LP with average target price of $40.33. Competitively Spectra Energy Partners LP has a consensus target price of $41, with potential of 0.00%. The information presented earlier suggests that looks more robust than as far as analyst view.

Insider and Institutional Ownership

Roughly 87% of MPLX LP shares are owned by institutional investors while 13.4% of Spectra Energy Partners LP are owned by institutional investors. About 0.2% of MPLX LP’s share are owned by insiders. Competitively, 83.14% are Spectra Energy Partners LP’s share owned by insiders.

Performance

Here are the Weekly, Monthly, Quarterly, Half Yearly, Yearly and YTD Performance of both pretenders.

Performance (W) Performance (M) Performance (Q) Performance (HY) Performance (Y) Performance (YTD)
MPLX LP 0.45% -2.18% -7.76% -8.09% -7.71% -6.17%
Spectra Energy Partners LP -3.97% -5.51% -6.88% 9.81% -14.74% -11.96%

For the past year MPLX LP was less bearish than Spectra Energy Partners LP.

Summary

MPLX LP beats Spectra Energy Partners LP on 10 of the 14 factors.

MPLX LP owns, operates, develops, and acquires midstream energy infrastructure assets. It operates through Logistics and Storage; and Gathering and Processing segments. The company engages in gathering, processing, and transportation of natural gas; the gathering, transportation, fractionation, storage, and marketing of natural gas liquids; and the gathering, transportation, and storage of crude oil and refined petroleum products. The companyÂ’s assets included approximately 2,900 miles of crude oil and refined product pipelines across 9 states; interest in butane cavern located in Neal, West Virginia with approximately 1,000 thousand barrels of storage capacity. In addition, the company operates crude oil and product pipelines owned by third parties. Further, it engages in inland marine business, which transports light products, heavy oils, crude oil, renewable fuels, chemicals, and feedstocks in the Midwest and U.S. Gulf Coast regions through inland marine vessels. MPLX GP LLC acts as the general partner of MPLX LP. The company was founded in 2012 and is based in Findlay, Ohio. MPLX LP operates as a subsidiary of Marathon Petroleum Corporation.

Spectra Energy Partners, LP operates as an investment arm of Spectra Energy Corp. Spectra Energy Partners, LP, through its subsidiaries, engages in the transportation of natural gas through interstate pipeline systems, and the storage of natural gas in underground facilities in the United States. As of December 31, 2007, it owned and operated 100% of the approximately 1,400-mile East Tennessee interstate natural gas transportation system that extends from central Tennessee eastward into southwest Virginia and northern North Carolina, and southward into northern Georgia; and a liquefied natural gas storage facility in Kingsport, Tennessee with working gas storage capacity of approximately 1.1 billion cubic feet (Bcf) and re-gasification capability of 150 million cubic feet per day. The company also owned a 24.5% interest in the approximate 700-mile Gulfstream interstate natural gas transportation system, which extends from Pascagoula, Mississippi, and Mobile, Alabama across the Gulf of Mexico and into Florida; a 50% interest in Market Hub, which owns and operates 2 salt cavern natural gas storage facilities, the Egan storage facility with gas capacity of approximately 20 Bcf, and the Moss Bluff storage facility with working gas capacity of 15 Bcf. The company transports and stores natural gas for local gas distribution companies, municipal utilities, interstate and intrastate pipelines, direct industrial users, electric power generators, marketers, and producers. Spectra Energy Partners (DE) GP, LP, operates as the general partner to Spectra Energy Partners, LP. The company is based in Houston, Texas.