v3.3.0.814
Equity (Tables)
9 Months Ended
Sep. 30, 2015
Equity [Abstract]  
Schedule of Stockholders Equity [Table Text Block]
The changes in the number of units outstanding from December 31, 2014 through September 30, 2015 are summarized below:
(In units)
Common
 
Subordinated
 
General Partner
 
Total
Balance at December 31, 2014
43,341,098

 
36,951,515

 
1,638,625

 
81,931,238

Unit-based compensation awards(1)
18,932

 

 
386

 
19,318

Issuance of units under the ATM Program(2)
25,166

 

 
514

 
25,680

Subordinated unit conversion
36,951,515

 
(36,951,515
)
 

 

Balance at September 30, 2015
80,336,711




1,639,525


81,976,236

(1) 
As a result of the unit-based compensation awards issued during the period, MPLX GP contributed less than $0.1 million in exchange for 386 general partner units to maintain its two percent general partner interest.
(2) 
As a result of common units issued under the ATM Program during the period, MPLX GP contributed less than $0.1 million in exchange for 514 general partner units to maintain its two percent general partner interest.
Schedule Of Calculation Of Net Income Applicable to Partners [Table Text Block]
Net Income Allocation - In preparing our consolidated statements of equity, net income attributable to MPLX LP is allocated to the unitholders in accordance with their respective ownership percentages. However, when distributions related to the incentive distribution rights are made, earnings equal to the amount of those distributions are first allocated to the general partner before the remaining earnings are allocated to the unitholders based on their respective ownership percentages. The following table presents the allocation of the general partner’s interest in net income attributable to MPLX LP:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(In millions)
2015
 
2014
 
2015
 
2014
Net income attributable to MPLX LP
$
41.5

 
$
29.1

 
$
138.3

 
$
92.1

Less: General partner's incentive distribution rights and other
7.9

 
1.0

 
16.9

 
1.9

Net income attributable to MPLX LP available to general and limited partners
$
33.6

 
$
28.1

 
$
121.4

 
$
90.2

 
 
 
 
 
 
 
 
General partner's two percent interest in net income attributable to MPLX LP
$
0.7

 
$
0.5

 
$
2.5

 
$
1.8

General partner's incentive distribution rights and other
7.9

 
1.0

 
16.9

 
1.9

General partner's interest in net income attributable to MPLX LP
$
8.6

 
$
1.5

 
$
19.4

 
$
3.7

Distributions Made to Limited Partner, by Distribution [Table Text Block]
Our distributions are declared subsequent to quarter end; therefore, the following table represents total cash distributions applicable to the period in which the distributions were earned.
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(In millions)
2015
 
2014
 
2015
 
2014
General partner's distributions:
 
 
 
 
 
 
 
General partner's distributions
$
1.0

 
$
0.5

 
$
2.5

 
$
1.5

General partner's incentive distribution rights distributions
7.8

 
1.0

 
16.5

 
1.9

Total general partner's distributions
$
8.8

 
$
1.5

 
$
19.0

 
$
3.4

Limited partners' distributions:
 
 
 
 
 
 
 
Common unitholders
$
37.7

 
$
13.2

 
$
74.6

 
$
38.0

Subordinated unitholders

 
13.2

 
31.4

 
38.0

Total limited partners' distributions
37.7

 
26.4

 
106.0

 
76.0

Total cash distributions declared
$
46.5

 
$
27.9

 
$
125.0

 
$
79.4