Summary
MPLX LP's (MPLX) 10-Q filing for the period ending March 31, 2013, provides limited operational and financial detail, focusing primarily on legal matters and risk factors. The company states that there were no material changes in its internal control over financial reporting during the quarter. Investors should note that the filing emphasizes that while MPLX is subject to various legal and environmental proceedings, the company believes these matters, individually or in aggregate, will not have a material adverse effect on its consolidated results of operations, financial position, or cash flows. For more in-depth financial performance and operational metrics, investors would need to refer to the company's other filings, such as its Form 10-K for the year ended December 31, 2012, which is referenced for a comprehensive discussion of risk factors. This 10-Q primarily serves as an update on significant legal and regulatory events.
Financial Highlights
31 data points| Revenue | $109.90M |
| Operating Expenses | $79.20M |
| Operating Income | $35.50M |
| Net Income | $17.60M |
Key Highlights
- 1No material changes in internal control over financial reporting were identified for the quarter ended March 31, 2013.
- 2MPLX LP is involved in several pending or threatened legal actions, including those related to environmental matters.
- 3The company believes that existing litigation, individually or collectively, will not materially impact its financial performance or position.
- 4Environmental proceedings arising from the ordinary course of business are also deemed unlikely to have a material adverse effect.
- 5Investors are directed to the company's 2012 Form 10-K for a detailed discussion of risk factors.
- 6The filing indicates that specific financial and operational performance data for the quarter is not detailed in this section of the 10-Q.