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MPLX Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

Loading chart...

High
58.945
Open
58.060
VWAP
58.54
Vol
1.47M
Mkt Cap
59.69B
Low
57.875
Amount
85.86M
EV/EBITDA(TTM)
13.80
Total Shares
1.02B
EV
82.64B
EV/OCF(TTM)
13.99
P/S(TTM)
5.00
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.
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Events Timeline

(ET)
2026-02-03
09:10:00
U.S. Stock Futures Mostly Up, AES Corp Shares Rise 7%
select
2026-02-03
07:50:00
MPLX Q4 Revenue of $3.25B Exceeds Expectations
select
2025-12-01 (ET)
2025-12-01
06:22:00
JPMorgan Downgrades MPLX to Neutral with $57 Price Target
select

News

Fool
8.5
03-03Fool
MPLX Units Surge Over 20% to $60 Amid Growth Initiatives
  • Unit Price Surge: MPLX's unit price has soared over 20% since bottoming out last fall, rising from below $50 to around $60, primarily driven by higher oil prices and expansion initiatives, reflecting strong market confidence in its growth potential.
  • Solid Financial Performance: The MLP generated over $7 billion in adjusted EBITDA over the past year, up nearly 4% from 2024, indicating stable profitability and growth potential, even though it sits at the low end of its mid-single-digit growth target.
  • Expansion Investment Plans: MPLX invested $5.5 billion in growth initiatives last year and plans to allocate another $2.4 billion this year, with ongoing expansion projects expected to come online in the coming years, further driving revenue growth.
  • Buybacks and Structural Adjustment: Last year, MPLX completed $400 million in unit repurchases, having retired nearly 2% of its outstanding units over the past five years, and future buybacks could accelerate earnings per unit growth, while considering a transition to a corporate structure to enhance valuation competitiveness.
NASDAQ.COM
9.5
03-03NASDAQ.COM
MPLX Expects Mid-Single-Digit Annual Growth
  • Earnings Growth Outlook: MPLX anticipates achieving a mid-single-digit annual growth rate in the coming years, with last year's adjusted EBITDA exceeding $7 billion, reflecting a nearly 4% increase, indicating the company's potential for stable growth.
  • Unit Buyback Strategy: The MLP completed $400 million in unit repurchases last year and has retired nearly 2% of its outstanding units over the past five years, which not only offsets dilution from newly issued units but also could accelerate earnings per unit growth.
  • Expansion Investments: The company invested $5.5 billion in growth initiatives last year and plans to allocate another $2.4 billion this year, with expansion projects expected to come online in the coming years, further driving earnings growth.
  • Structural Adjustment Potential: If MPLX transitions to a corporate structure, it could enhance its valuation multiples, making its dividend yield more competitive with large pipeline companies, as it currently offers a distribution yield exceeding 7%, significantly higher than competitors' yields ranging from 2.8% to 5.2%.
NASDAQ.COM
2.0
02-27NASDAQ.COM
Investors Should Avoid High-Risk Investments
  • Investment Strategy Shift: Amid rising oil prices, investors should focus on stable income sources like Enterprise Products Partners (EPD) with a 6.1% distribution yield, avoiding high-risk three-point investment strategies to ensure long-term financial security.
  • Infrastructure Investment Opportunities: EPD boasts over 50,000 miles of pipelines and more than 300 million barrels of liquid storage capacity, maintaining stable cash flow and distribution growth despite oil price fluctuations, demonstrating its resilience in the energy market.
  • Energy Transition Trends: Energy Transfer (ET) is expanding in AI and energy infrastructure, signing long-term agreements with multiple states' utility companies and data centers, indicating its strategic position in future energy demand growth with a 7.1% distribution yield.
  • Emerging Market Potential: Mach Natural Resources (MNR), as a young MLP, has shown lackluster performance post-IPO, yet its 4.2x valuation is significantly below the industry average, highlighting potential growth opportunities in the Anadarko Basin with a distribution yield of 14.8%.
Fool
8.5
02-23Fool
MPLX: A High-Yield Investment with Strong Growth Potential
  • Stable Cash Flows: Since its inception in 2012, MPLX has increased its distribution annually, currently offering a 7.4% yield, significantly higher than the S&P 500's 1.1%, demonstrating its robust income generation capability and stable financial profile.
  • Expansion Investment Plans: Last year, MPLX invested $5.5 billion in growth, including a $2.4 billion acquisition of Northwind Midstream, with plans to invest another $2.4 billion in capital projects this year, showcasing its commitment and capacity for ongoing expansion.
  • Strong Financial Position: MPLX's cash flows comfortably covered its high-yield distribution at a rate of 1.4 times last year, with a leverage ratio of 3.7, below the 4 times range supported by its stable cash flows, ensuring financial flexibility.
  • Visible Future Growth: MPLX is engaged in multiple expansion projects, including new gas pipelines expected to enter commercial service by 2029 and a Gulf Coast LPG export terminal set to start in 2028, which are anticipated to drive future revenue growth and distribution increases.
NASDAQ.COM
9.5
02-23NASDAQ.COM
MPLX's Stable Cash Flow and Growth Potential
  • Stable Cash Flow: MPLX boasts a solid financial profile, with cash flows covering its high distribution by 1.4 times last year, ensuring continued high yields at 7.4%, significantly above the S&P 500's 1.1% yield.
  • Robust Investment Plans: The company invested $5.5 billion last year in growth projects, including a $2.4 billion acquisition of Northwind Midstream, and plans to invest another $2.4 billion this year, demonstrating its commitment to expanding its platform.
  • Numerous Expansion Projects: MPLX is involved in several joint ventures, including new gas pipelines expected to enter commercial service by 2029 and a Gulf Coast LPG export terminal set to start in 2028, enhancing visibility into future growth.
  • Ongoing Distribution Growth: The company aims to grow earnings at a mid-single-digit annual rate, which should support continued increases in distributions, further solidifying its appeal as a high-yield investment.
Fool
9.5
02-21Fool
Marathon Petroleum Surpasses Q4 Earnings Expectations
  • Strong Earnings Performance: Marathon Petroleum reported an adjusted earnings per share of $4.07 in Q4, exceeding analyst expectations and driving a 21% increase in stock price this year, showcasing its robust competitiveness in the independent refining sector.
  • Refining Profit Boost: The company's refining margin reached $18.65 per barrel in Q4, a 44% year-over-year increase, with the capture rate of the benchmark crack spread rising from 96% in Q3 to 114%, contributing to a strong operational cash flow of $2.7 billion.
  • Sustained Shareholder Returns: Marathon returned $4.5 billion to shareholders through buybacks and dividends over the past year, with MPLX distributions expected to exceed $3.5 billion annually over the next two years, ensuring stable cash flow and shareholder returns.
  • Optimistic Market Outlook: Despite cyclical risks to refining margins, management anticipates tight global refining supply and steady distillate demand continuing through 2026, further solidifying the company's market position.
Wall Street analysts forecast MPLX stock price to rise
7 Analyst Rating
Wall Street analysts forecast MPLX stock price to rise
4 Buy
3 Hold
0 Sell
Moderate Buy
Current: 0.000
sliders
Low
55.00
Averages
58.14
High
62.00
Current: 0.000
sliders
Low
55.00
Averages
58.14
High
62.00
JPMorgan
Neutral
maintain
$58 -> $60
AI Analysis
2026-03-10
New
Reason
JPMorgan
Price Target
$58 -> $60
AI Analysis
2026-03-10
New
maintain
Neutral
Reason
JPMorgan raised the firm's price target on MPLX to $60 from $58 and keeps a Neutral rating on the shares. The firm updated the company's model post the Q4 report.
Stifel
Buy
maintain
$57 -> $59
2026-03-05
Reason
Stifel
Price Target
$57 -> $59
2026-03-05
maintain
Buy
Reason
Stifel raised the firm's price target on MPLX to $59 from $57 and keeps a Buy rating on the shares. The firm is updating estimates following the release of Q4 earnings.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for MPLX
Unlock Now

Valuation Metrics

The current forward P/E ratio for MPLX LP (MPLX.N) is 12.17, compared to its 5-year average forward P/E of 10.09. For a more detailed relative valuation and DCF analysis to assess MPLX LP's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PE
10.09
Current PE
12.17
Overvalued PE
10.99
Undervalued PE
9.19

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average EV/EBITDA
9.54
Current EV/EBITDA
10.88
Overvalued EV/EBITDA
10.03
Undervalued EV/EBITDA
9.04

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
3.38
Current PS
4.15
Overvalued PS
3.82
Undervalued PS
2.93

Financials

AI Analysis
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Whales Holding MPLX

H
Harvest Fund Advisors LLC
Holding
MPLX
+18.84%
3M Return
K
Kayne Anderson Capital Advisors, L.P.
Holding
MPLX
+17.56%
3M Return
T
Tortoise Capital Advisors, L.L.C.
Holding
MPLX
+17.14%
3M Return
C
Chickasaw Capital Management, LLC
Holding
MPLX
+17.13%
3M Return
E
Energy Income Partners LLC
Holding
MPLX
+16.82%
3M Return
C
Cushing Asset Management, LP
Holding
MPLX
+15.88%
3M Return

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Frequently Asked Questions

What is MPLX LP (MPLX) stock price today?

The current price of MPLX is 58.8 USD — it has increased 1.34

What is MPLX LP (MPLX)'s business?

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.

What is the price predicton of MPLX Stock?

Wall Street analysts forecast MPLX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MPLX is58.14 USD with a low forecast of 55.00 USD and a high forecast of 62.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is MPLX LP (MPLX)'s revenue for the last quarter?

MPLX LP revenue for the last quarter amounts to 3.10B USD, increased 7.83

What is MPLX LP (MPLX)'s earnings per share (EPS) for the last quarter?

MPLX LP. EPS for the last quarter amounts to 1.17 USD, increased 8.33

How many employees does MPLX LP (MPLX). have?

MPLX LP (MPLX) has 5762 emplpoyees as of March 12 2026.

What is MPLX LP (MPLX) market cap?

Today MPLX has the market capitalization of 59.69B USD.