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MPLX logo

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
57.989
Open
57.730
VWAP
57.19
Vol
2.18M
Mkt Cap
57.94B
Low
56.500
Amount
124.62M
EV/EBITDA(TTM)
13.74
Total Shares
1.02B
EV
82.29B
EV/OCF(TTM)
13.93
P/S(TTM)
4.97
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
6.5
03-27Fool
Investment Value Analysis of MPLX vs Enbridge
  • Tax Advantages: MPLX, as a U.S. master limited partnership, allows unitholders to benefit from a 20% deduction on qualified business income, lowering the effective tax rate on distributions, while Enbridge, being a Canadian corporation, faces higher standard dividend tax rates, impacting its investment appeal.
  • Return Performance: While Enbridge has delivered a total return of over 14% this year, MPLX has outperformed with a total return exceeding 123% over the past three years, demonstrating stronger long-term performance that attracts investors seeking stable income.
  • Financial Health: As of 2025, MPLX's debt-to-EBITDA ratio stands at 3.7, significantly lower than Enbridge's 4.8, indicating MPLX's superior financial flexibility and profitability, enabling it to better support future growth projects.
  • Dividend Growth Potential: MPLX has achieved double-digit dividend growth of 10% to 12.5% in recent years, while Enbridge's dividend growth has slowed to about 3%, making MPLX more attractive in terms of dividend yield and investment returns.
NASDAQ.COM
8.5
03-27NASDAQ.COM
Investment Comparison Between Enbridge and MPLX
  • Dividend Yield Advantage: MPLX offers a dividend yield of approximately 6.1%, surpassing Enbridge's 5%, which provides a clear advantage in attracting income-seeking investors while reflecting its stronger profitability.
  • Long-Term Return Performance: While Enbridge has delivered over 14% total return this year, MPLX has achieved over 123% total return over the past three years, demonstrating its superiority in long-term investments, especially during market volatility.
  • Financial Health Metrics: MPLX's debt-to-EBITDA ratio stands at 3.7, lower than Enbridge's 4.8, indicating greater financial flexibility for MPLX to support future growth projects effectively.
  • Dividend Growth Potential: MPLX has consistently delivered double-digit dividend increases for several years, raising its dividend by 12.5% in 2024 and 2025, while Enbridge's dividend growth has slowed to about 3% annually, making MPLX more attractive for long-term investment returns.
Fool
8.5
03-27Fool
MPLX Maintains High-Yield Distribution Amid Oil Market Turmoil
  • Oil Price Volatility: WTI oil prices started below $60, soared to over $119 due to the Iran conflict, and recently fell to around $90, indicating high uncertainty; amidst this, MPLX maintains a 7.3% high-yield distribution, showcasing its value as a stable investment.
  • Stable Cash Flow: As a master limited partnership, MPLX owns and operates midstream infrastructure, with most assets under government-regulated rate structures, ensuring stable cash flow even during oil price fluctuations, generating nearly $5.8 billion last year, covering distributions by 1.4 times.
  • Financial Health: MPLX's leverage ratio stands at 3.7 times, well below the 4.0 times range supported by its stable cash flows, indicating strong financial capacity for new investments, enhancing funding for expansion projects.
  • Expansion Project Outlook: MPLX has a long list of commercially secured organic expansion projects underway, including natural gas pipelines and a new LPG export terminal, expected to come online by the end of the decade, providing significant growth visibility and supporting ongoing distribution increases.
NASDAQ.COM
9.5
03-27NASDAQ.COM
MPLX's Stable Cash Flows and Growth Prospects
  • Stable Cash Flow: MPLX generated nearly $5.8 billion in cash flow last year, covering its over 7% yielding distribution by 1.4 times, ensuring reliable income even amid volatile oil prices.
  • Growth Potential: MPLX has a long list of organic expansion projects, including several natural gas pipelines and a new LPG export terminal, expected to come online by the end of the decade, significantly enhancing growth visibility.
  • Financial Robustness: With a leverage ratio of 3.7 times, well below the 4.0 times range supported by its stable cash flows, MPLX demonstrates additional financial capacity for new investments.
  • Distribution Growth Record: Since its formation in 2012, MPLX has raised its distribution annually, with expectations of continued mid-single-digit annual growth to support its high-yield distribution sustainability.
PRnewswire
9.5
03-23PRnewswire
MPLX to Host Q1 2026 Financial Results Conference Call
  • Conference Call Announcement: MPLX LP will host a conference call on May 5, 2026, at 9:30 a.m. EDT to discuss its Q1 2026 financial results, which is expected to attract significant attention from investors and analysts.
  • Online Listening and Replay: Interested parties can listen to the call via MPLX's website, with a replay available for two weeks post-event, ensuring that those unable to attend live can access key information.
  • Advance Financial Information: Prior to the call and webcast, MPLX will release financial information online, including the earnings release and other investor-related materials, aimed at enhancing transparency and boosting investor confidence.
  • Company Overview: MPLX is a diversified large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets, providing fuel distribution services, with assets including pipelines, storage facilities, and processing plants, highlighting its significant role in the energy sector.
Marketbeat
8.0
03-23Marketbeat
5 High-Yield Stocks to Protect Your Portfolio During Turbulent Times
  • Stock Market Trends: The stock market has recently dipped below its 200-day moving average, with the S&P 500 ETF experiencing significant declines, raising concerns about a potential correction as it sits nearly 5% negative year-to-date.

  • Investor Sentiment: Amidst rising inflation and geopolitical tensions, investors are questioning whether to move to cash or invest in high-yield dividend stocks that can provide income protection during volatile periods.

  • High-Yield Dividend Stocks: British American Tobacco, Pfizer, Kraft Heinz, Verizon, and MPLX are highlighted as attractive high-yield dividend stocks, offering solid returns and appealing fundamentals, making them suitable for income-focused investors.

  • Market Uncertainty: The current market environment is characterized by uncertainty, prompting investors to seek defensive stocks that can generate meaningful income while navigating potential downturns.

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
Truist
Buy
initiated
$67
AI Analysis
2026-03-23
Reason
Truist
Price Target
$67
AI Analysis
2026-03-23
initiated
Buy
Reason
Truist initiated coverage of MPLX with a Buy rating and $67 price target. MPLX has expanded its G&P presence in the Permian and Marcellus as its core basins, including "a timely divestiture" of its underutilized Rockies assets, the analyst tells investors in a note initiating coverage on the E&P and Midstream industries.
UBS
Buy
maintain
$64 -> $73
2026-03-16
Reason
UBS
Price Target
$64 -> $73
2026-03-16
maintain
Buy
Reason
UBS raised the firm's price target on MPLX to $73 from $64 and keeps a Buy rating on the shares.
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 10.10. 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
10.10
Current PE
12.17
Overvalued PE
11.00
Undervalued PE
9.21

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
9.05

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
3.83
Undervalued PS
2.94

Financials

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Whales Holding MPLX

H
Harvest Fund Advisors LLC
Holding
MPLX
+19.76%
3M Return
C
Chickasaw Capital Management, LLC
Holding
MPLX
+18.97%
3M Return
K
Kayne Anderson Capital Advisors, L.P.
Holding
MPLX
+18.80%
3M Return
E
Energy Income Partners LLC
Holding
MPLX
+18.14%
3M Return
T
Tortoise Capital Advisors, L.L.C.
Holding
MPLX
+17.90%
3M Return
C
Cushing Asset Management, LP
Holding
MPLX
+15.89%
3M Return

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Frequently Asked Questions

What is MPLX LP (MPLX) stock price today?

The current price of MPLX is 57.07 USD — it has decreased -1.04

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 April 01 2026.

What is MPLX LP (MPLX) market cap?

Today MPLX has the market capitalization of 57.94B USD.