Business Context and Reporting Period
This Form 8-K was filed by MPLX LP on March 4, 2016. The report addresses the completion of the acquisition of MarkWest Energy Partners, L.P. ("MWE") on December 4, 2015, wherein MWE became a wholly-owned subsidiary of MPLX.
Key Financial Metrics
The filing does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity within the text body. Instead, it references Exhibit 99.1, which contains the unaudited pro forma consolidated statement of income for the year ended December 31, 2015. This pro forma statement gives effect to the Merger as if it occurred on January 1, 2015.
Material Changes
- Acquisition Completion: MPLX completed the merger with MarkWest Energy Partners, L.P. on December 4, 2015.
- Pro Forma Reporting: The filing supplements previously filed financial statements by providing pro forma income data that reflects the combined entity for the full year of 2015.
Guidance, Outlook, and Risks
The filing text does not contain management commentary, forward-looking guidance, specific risk factors, or details on contingencies beyond the disclosure of the completed merger and the inclusion of pro forma financial information.
Investor Verification Checklist
- Review Exhibit 99.1 for the specific unaudited pro forma consolidated statement of income figures for the year ended December 31, 2015.
- Verify the impact of the MarkWest Energy Partners acquisition on MPLX's consolidated financial position as detailed in the referenced exhibit.
- Confirm the legal structure of the merger where MWE survived as a wholly-owned subsidiary of MPLX.