What's Going On With Marathon Petroleum Shares Today?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 30 2024
0mins
Should l Buy MPLX?
Source: earning
- Marathon Petroleum Corporation Q1 FY24 Results: MPC shares are trading lower after reporting revenue of $33.211 billion, beating expectations, but with a decline in adjusted EBITDA to $3.26 billion.
- Refining & Marketing Performance: Refining operating costs per barrel increased to $6.14, refined product sales volume decreased, and adjusted EBITDA for this segment dropped sharply to $1.874 billion.
- Financials and Shareholder Returns: Adjusted EPS for the quarter was $2.78, above consensus, with the company returning $2.2 billion through share repurchases and $299 million via dividends in Q1.
- Cash Position and Share Repurchase Authorization: Marathon Petroleum had $7.6 billion in cash as of March-end, repurchased $0.8 billion of company shares through April 26, and approved an additional $5 billion share repurchase authorization.
- Outlook and Stock Exposure: The company expects second-quarter refining operating costs per barrel of $4.95 and refinery throughputs of 2,965 mbpd. Investors can access the stock through ETFs like IEO and FTXN.
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Analyst Views on MPLX
Wall Street analysts forecast MPLX stock price to rise
7 Analyst Rating
4 Buy
3 Hold
0 Sell
Moderate Buy
Current: 55.150
Low
55.00
Averages
58.14
High
62.00
Current: 55.150
Low
55.00
Averages
58.14
High
62.00
About MPLX
MPLX LP is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets and provides fuels distribution services. The Company's segments include Crude Oil and Products Logistics, and Natural Gas and NGL Services. The Crude Oil and Products Logistics segment is primarily engaged in the gathering, transportation, storage and distribution of crude oil, refined products, other hydrocarbon-based products, and renewables. These assets consist of a network of approximately 14,766 miles of wholly and jointly-owned pipelines and associated storage assets, refining logistics assets at 13 refineries, 88 terminals including rail and truck racks, one export terminal, storage caverns, tank farm assets, an inland marine business and a fuels distribution business. The Natural Gas and NGL Services segment provides wellhead to market services including gathering, processing and transportation of natural gas and natural gas liquids.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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High-Yield Investors Should Consider MPLX and Others
- High-Yield Investment Opportunities: Motley Fool contributors Jason Hall and Tyler Crowe highlight MPLX, Realty Income, and EPR Properties as ideal choices for investors seeking stable long-term dividends, particularly in the current market environment.
- Stable Dividend Returns: MPLX's attractive dividend yield is expected to provide investors with continuous cash flow, enhancing the stability of their investment portfolios.
- Market Performance Analysis: As of February 11, 2026, MPLX's stock price rose by 3.05%, while Realty Income and EPR Properties increased by 1.36% and 2.06%, respectively, indicating strong performance in the market.
- Long-Term Investment Strategy: The video emphasizes that selecting these companies for long-term investment not only offers stable dividends but also provides a safety margin amid future market volatility, making them suitable for risk-averse investors.
See More
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- High-Yield Stock Recommendations: Motley Fool contributors suggest that investors seeking high yields should consider MPLX, Realty Income, and EPR Properties for stable long-term dividends, indicating these companies' potential in the high-yield investment space.
- Market Performance Comparison: Although MPLX is mentioned, the Motley Fool Stock Advisor team does not include it in their current top 10 stocks, reflecting a cautious outlook on its future performance in the market.
- Historical Return Analysis: The average return of Stock Advisor stands at 886%, significantly outperforming the S&P 500's 193%, showcasing the strong performance of their recommended stocks, which investors should consider as guidance for future investments.
- Value of Investor Community: The Motley Fool's investment community provides a platform for individual investors to share insights, emphasizing the importance of collective wisdom in selecting high-yield stocks and encouraging participation for the latest investment advice.
See More
MPLX LP Prices $1.5 Billion Senior Unsecured Notes Offering
- Bond Offering Size: MPLX LP has successfully priced a $1.5 billion senior unsecured notes offering, which includes $1 billion in 5.300% notes maturing in 2036 and $500 million in 6.100% notes maturing in 2056, reflecting strong market support for its financing needs.
- Clear Use of Proceeds: The proceeds from this bond issuance will be used entirely to repay $1.5 billion of its 1.750% senior notes due in March 2026, aimed at reducing financial costs and optimizing the capital structure, thereby enhancing the company's financial flexibility.
- Transaction Completion Timeline: The deal is expected to close on February 12, 2026, marking MPLX's proactive financing strategy in the capital markets to support future investments and operations.
- Future Capital Plans: MPLX also plans a $2.4 billion capital plan for 2026, with 90% allocated to natural gas and NGL services, expected to achieve mid-teens return targets, further solidifying its competitive position in the energy market.
See More
MPLX LP Prices $1.5 Billion Senior Notes Offering
- Offering Size: MPLX LP has priced an aggregate principal amount of $1.5 billion in unsecured senior notes, including $1.0 billion of 5.300% senior notes due 2036 and $500 million of 6.100% senior notes due 2056, demonstrating the company's robust capital market capabilities.
- Use of Proceeds: The net proceeds from this offering will be utilized to repay MPLX's outstanding $1.5 billion of 1.750% senior notes maturing in March 2026, aiming to optimize the company's debt structure and reduce financing costs, thereby enhancing financial flexibility.
- Underwriters: The offering is managed by Citigroup, Barclays, MUFG, and RBC Capital Markets as joint book-running managers, indicating strong market confidence in MPLX's issuance and its solid reputation in capital markets.
- Closing Timeline: The closing of this offering is expected to occur on February 12, 2026, subject to customary closing conditions, reflecting the company's agility in seizing market opportunities and managing liquidity effectively.
See More
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Financial Overview: The article discusses a financial figure of $500 million related to a principal amount of senior notes.
Interest Rate Information: The senior notes have an interest rate of 6.100%, with a maturity date set for 2056.
See More
MPLX LP Submits Pricing Term Sheet for $1.5 Billion Dual-Series Senior Notes Offering - SEC Filing
- Offering Details: The offering consists of $1.5 billion in two parts of senior notes.
- Filing Purpose: The notes are being filed under SEC regulations for public offering.
See More
