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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
55.285
Open
55.200
VWAP
54.38
Vol
2.52M
Mkt Cap
54.80B
Low
53.860
Amount
137.27M
EV/EBITDA(TTM)
13.48
Total Shares
1.01B
EV
79.15B
EV/OCF(TTM)
13.17
P/S(TTM)
4.68
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)
2026-05-05
07:00:00
MPLX Q1 Revenue at $3.04B, Below Consensus
select

News

seekingalpha
9.5
05-05seekingalpha
MPLX Q1 2026 Earnings Call Insights Highlight Growth and Distribution Plans
  • Strong Financial Performance: MPLX reported over $1.7 billion in adjusted EBITDA for Q1 2026, enabling a return of over $1.1 billion to unitholders, which reflects robust cash flow and profitability, thereby boosting investor confidence.
  • Project Progress: With Secretariat I expected to come online in April, Harmon Creek III entering service in Q3, and the Titan gas treating facility achieving over 400 million cubic feet per day capacity, the successful execution of these projects is set to drive year-over-year growth in 2026 beyond that of 2025.
  • Pipeline Expansion Plans: The Blackcomb natural gas pipeline is anticipated to enter service in Q4, alongside the BANGL pipeline expansion to 300,000 barrels per day, which will further enhance the company's transportation capacity and market competitiveness.
  • Increased Distribution Confidence: Management reiterated confidence in a 12.5% distribution increase, setting a financial metric of coverage not falling below 1.3x, indicating stability and sustainability in future cash flows and distribution policies.
seekingalpha
9.5
05-05seekingalpha
MPLX Q1 Earnings Miss Expectations with $0.90 EPS
  • Earnings Performance: MPLX's Q1 GAAP earnings per unit of $0.90 missed expectations by $0.15, indicating challenges in profitability that may affect investor confidence moving forward.
  • Revenue Decline: The company reported revenue of $3.04 billion, a 2.6% year-over-year decrease, falling short by $50 million, reflecting weak market demand that could negatively impact future growth prospects.
  • Strong Cash Flow: Despite the revenue decline, MPLX generated $1.4 billion in distributable cash flow, enabling a return of $1.1 billion in capital, demonstrating robust cash management that helps maintain shareholder trust.
  • Ongoing Strategic Execution: The company is expanding its Permian sour gas treating capacity and natural gas pipelines while progressing on the Harmon Creek III processing plant, indicating that despite short-term performance issues, its long-term strategy remains on track.
PRnewswire
9.5
05-05PRnewswire
MPLX Reports Q1 2026 Net Income Decline Amid Market Challenges
  • Net Income Decline: MPLX reported a net income of $912 million for Q1 2026, down 19.9% from $1,126 million in Q1 2025, primarily due to impacts from derivatives and interest expenses, reflecting challenges in the market environment.
  • Adjusted EBITDA Changes: The adjusted EBITDA for Q1 2026 was $1.729 billion, slightly down from $1.757 billion in Q1 2025, despite an increase in the crude oil and products logistics segment, indicating the company's efforts in cost control.
  • Cash Flow and Distribution: MPLX generated $1.347 billion in net cash from operating activities this quarter, with distributable cash flow at $1.408 billion and a distribution coverage ratio of 1.3x, demonstrating the company's ability to maintain distributions while sustaining healthy cash flow.
  • Strategic Investment Plans: MPLX plans to invest $2.4 billion in its organic growth capital program in 2026, focusing on natural gas infrastructure in Texas and Pennsylvania to support a projected 12.5% annual distribution growth, reflecting confidence in long-term market demand.
seekingalpha
9.5
05-04seekingalpha
MPLX to Announce Q1 Earnings on May 5
  • Earnings Announcement: MPLX is set to release its Q1 2023 earnings report on May 5 before market open, with consensus EPS estimated at $1.08 and revenue expected at $3.09 billion, reflecting a 1% year-over-year decline.
  • Performance Analysis: Over the past year, MPLX has exceeded EPS and revenue estimates 75% of the time, indicating strong profitability and market confidence in its operations.
  • Revision Trends: In the last three months, there have been no upward revisions to EPS estimates, with two downward adjustments, while revenue estimates also saw no upward revisions and three downward adjustments, suggesting a cautious market outlook.
  • Capital Plan Outlook: MPLX signals a $2.4 billion capital plan for 2026, with 90% allocated to natural gas and NGL services, aiming for mid-teens return targets, reflecting the company's confidence in future growth opportunities.
Fool
8.5
05-01Fool
Energy Transfer's Unit Price Poised for Significant Upside
  • Price Surge Potential: Energy Transfer's unit price has already increased over 20% this year, nearing $20, and is expected to rise further due to higher oil prices, with a target of $25 representing a more than 25% increase.
  • Earnings Growth Drivers: Although Energy Transfer does not produce oil, approximately 10% of its earnings are commodity price-linked, which are expected to rise with oil prices, while increased volumes through its liquids pipelines and marine export terminals will further boost revenue.
  • LNG Project Restart Possibility: The closure of the Strait of Hormuz has disrupted global LNG supplies, prompting Energy Transfer to reconsider its Lake Charles LNG project, with potential discussions with partners that could add long-term value to its gas pipeline business.
  • Valuation Upside Potential: Despite the price surge, Energy Transfer still trades at a low valuation, and as its financial position improves and expansion projects come online, the market is likely to reassess its valuation, driving it closer to peer averages.
NASDAQ.COM
8.5
05-01NASDAQ.COM
Energy Transfer's Optimistic Outlook Amid Rising Oil Prices
  • Oil Price Growth Catalyst: Energy Transfer (ET) is projected to achieve earnings growth of 9% to 11.5% this year, driven by rising oil prices, particularly as potential U.S. military actions against Iran could lead to significant price spikes, enhancing the company's profitability.
  • LNG Project Restart Potential: Although the Lake Charles LNG project was suspended last year, the closure of the Strait of Hormuz, disrupting 20% of global LNG supplies, may prompt Energy Transfer to find a new partner to restart the project, adding long-term value to its gas pipeline business.
  • Increased Pipeline Volumes: With U.S. energy exports surging due to geopolitical tensions, Energy Transfer expects significant increases in volumes across its liquids pipelines and marine export terminals, which will drive higher fee-based income and further boost unit prices.
  • Valuation Upside Anticipation: Despite a more than 20% rise in unit price this year, Energy Transfer still trades at a discount compared to large-scale energy midstream companies, suggesting that the market may soon recognize its strong financial position and growth prospects, potentially driving unit prices towards the $25 target.
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
Wells Fargo
Overweight
downgrade
$63 -> $61
AI Analysis
2026-05-07
New
Reason
Wells Fargo
Price Target
$63 -> $61
AI Analysis
2026-05-07
New
downgrade
Overweight
Reason
Wells Fargo lowered the firm's price target on MPLX to $61 from $63 and keeps an Overweight rating on the shares. The firm cites slightly lower Natural Gas and NGL Services segment margins and reduced stock buyback assumptions. MPLX reiterated plans to grow distributions by 12.5% annually for 2026/2027.
Barclays
NULL -> Overweight
maintain
$59 -> $58
2026-05-06
New
Reason
Barclays
Price Target
$59 -> $58
2026-05-06
New
maintain
NULL -> Overweight
Reason
Barclays lowered the firm's price target on MPLX to $58 from $59 and keeps an Overweight 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 12.06, compared to its 5-year average forward P/E of 10.16. 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
10.16
Current PE
12.06
Overvalued PE
11.07
Undervalued PE
9.25

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
9.62
Current EV/EBITDA
11.83
Overvalued EV/EBITDA
10.18
Undervalued EV/EBITDA
9.06

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
3.45
Current PS
4.16
Overvalued PS
3.92
Undervalued PS
2.97

Financials

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+24.57%
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Eagle Global Advisors, LLC
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U.S. Capital Wealth Advisors, LLC
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Chicago Partners Investment Group LLC
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Frequently Asked Questions

What is MPLX LP (MPLX) stock price today?

The current price of MPLX is 54 USD — it has decreased -4.03

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 2.86B USD, decreased -2.79

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

MPLX LP. EPS for the last quarter amounts to 0.90 USD, decreased -18.18

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

MPLX LP (MPLX) has 5762 emplpoyees as of May 11 2026.

What is MPLX LP (MPLX) market cap?

Today MPLX has the market capitalization of 54.80B USD.