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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
55.485
Open
55.270
VWAP
54.82
Vol
2.22M
Mkt Cap
55.46B
Low
54.320
Amount
121.60M
EV/EBITDA(TTM)
13.59
Total Shares
1.01B
EV
79.81B
EV/OCF(TTM)
13.28
P/S(TTM)
4.74
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

Fool
8.5
05-17Fool
Energy Companies Poised for Increased Demand Amid AI Growth
  • Rising Energy Demand: Enbridge is leveraging multiple energy sources to meet the surging power demand driven by AI, with a significant cash flow expected from its agreement with Meta Platforms for renewable energy output.
  • Infrastructure Investment: Enterprise Products Partners boasts over 50,000 miles of pipeline and $5.3 billion in capital projects under construction, most of which are anticipated to be operational by the end of 2027, enhancing its market position in natural gas transportation.
  • Natural Gas Supply Agreements: Energy Transfer has secured agreements with Entergy and Oracle to provide natural gas transportation services for their data centers, and while its dividend growth is not as robust as others, its 6.6% yield remains attractive to investors.
  • Sustainability Challenges: MPLX, as the primary midstream service provider for Marathon Petroleum, faces sustainability concerns with its 7.8% dividend yield, yet its stable cash flow from Marathon offers a solid foundation for future growth.
Yahoo Finance
8.0
05-17Yahoo Finance
Four Dividend Energy Stocks to Consider Now
  • Rising Energy Demand: Enbridge is leveraging multiple energy sources to meet the increasing power demand driven by AI, with a deal signed with Meta Platforms expected to start service in summer 2027, generating cash flow exceeding operational costs.
  • Infrastructure Investment: Enterprise Products Partners boasts over 50,000 miles of pipeline and $5.3 billion in capital projects under construction, most of which are expected to be operational by the end of 2027, enhancing its infrastructure capabilities in natural gas power supply, with a current dividend yield of 5.6%.
  • Supply Chain Opportunities: Energy Transfer, with 140,000 miles of pipeline, is securing natural gas supply agreements with major tech companies; while its dividend growth is less stable than others, its 6.6% yield remains attractive to investors.
  • Sustainability Challenges: MPLX serves as the primary midstream provider for Marathon Petroleum, currently offering a 7.8% dividend yield; although its cash flow is relatively predictable, its sustainability requires close monitoring, especially in the context of growing data center demand.
Newsfilter
5.0
05-12Newsfilter
Kayne Anderson Energy Fund Appoints New Director
  • Board Expansion: Kayne Anderson Energy Infrastructure Fund has appointed Michael J. Hennigan as an independent director, increasing the board to six members, five of whom are independent, aiming to enhance the board's independence and expertise.
  • Rich Industry Experience: Hennigan brings decades of leadership experience in the energy sector, having served as Executive Chairman of Marathon Petroleum and MPLX, and his extensive industry knowledge is expected to provide strategic guidance to the company.
  • Driving Long-Term Value: Chairman Jim Baker stated that Hennigan's addition will enhance the company's competitiveness in the evolving energy infrastructure landscape, helping to capitalize on market opportunities and deliver long-term value for shareholders.
  • Clear Investment Objectives: The Kayne Anderson Energy Infrastructure Fund aims to provide a high after-tax total return, planning to invest at least 80% of its assets in securities of energy infrastructure companies, ensuring cash distributions to shareholders.
PRnewswire
5.0
05-11PRnewswire
Marathon Petroleum Appoints New VP of Investor Relations
  • Executive Appointment: Marathon Petroleum has announced that Brian Worthington will become the new VP of Investor Relations effective May 25, succeeding Kristina Kazarian, who will transition to VP of Finance and Treasurer, indicating a strategic shift in the executive team.
  • Experience Background: Worthington joined Marathon in 2020 and brings 17 years of experience from ConocoPhillips, which positions him to enhance communication with the investment community and drive long-term shareholder value creation.
  • Support for Strategic Goals: Both Worthington and Kazarian will report to CFO Maria Khoury, reinforcing the synergy between investor relations and financial management, which is expected to bolster market confidence and support the execution of strategic objectives.
  • MPLX Collaboration: In addition to their roles at Marathon, both executives will serve in their new capacities for MPLX, the master limited partnership sponsored by Marathon, highlighting the company's ongoing focus on midstream operations and integration to enhance overall business synergy.
Fool
8.0
05-11Fool
Oil Price Fluctuations Impact Energy Stock Dividends
  • Oil Price Impact: As of May 7, WTI futures fell 16.6%, yet remained around $95 per barrel, indicating that high oil prices could suppress demand during the upcoming summer travel season, creating pressure for investors.
  • Attractive Energy Dividends: The Energy Select Sector SPDR ETF (XLE) has risen 39.4% year-to-date, with a dividend yield of 2.67%, more than double that of the S&P 500 index fund, highlighting the investment appeal of energy stocks.
  • Antero Midstream Performance: Antero Midstream (AM) shares dropped 6.3% over the past month, but its Q1 free cash flow increased by 8%, and the company repurchased $18 million in stock, demonstrating a commitment to capital returns even in adversity.
  • Chevron's Dividend Stability: Chevron (CVX) has increased its dividend for 39 consecutive years; despite a 5.3% decline in stock price due to falling oil prices, the company forecasts a capital spending and dividend breakeven below $50 per barrel, ensuring long-term shareholder returns.
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.
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
Morgan Stanley
Equal Weight
downgrade
$62 -> $60
AI Analysis
2026-05-20
Reason
Morgan Stanley
Price Target
$62 -> $60
AI Analysis
2026-05-20
downgrade
Equal Weight
Reason
Morgan Stanley lowered the firm's price target on MPLX to $60 from $62 and keeps an Equal Weight rating on the shares.
Barclays
Theresa Chen
maintain
$58 -> $59
2026-05-14
Reason
Barclays
Theresa Chen
Price Target
$58 -> $59
2026-05-14
maintain
Reason
Barclays analyst Theresa Chen raised the firm's price target on MPLX to $59 from $58 and keeps an Overweight rating on the shares. The firm sees an "increasingly constructive backdrop" for U.S. crude production.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for MPLX
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Valuation Metrics

The current forward P/E ratio for MPLX LP (MPLX.N) is 12.21, compared to its 5-year average forward P/E of 10.18. 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
10.18
Current PE
12.21
Overvalued PE
11.11
Undervalued PE
9.24

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
9.65
Current EV/EBITDA
12.74
Overvalued EV/EBITDA
10.28
Undervalued EV/EBITDA
9.02

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
3.46
Current PS
4.09
Overvalued PS
3.94
Undervalued PS
2.98

Financials

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Whales Holding MPLX

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Texas Yale Capital Corp.
Holding
MPLX
+29.34%
3M Return
M
Mirae Asset Global Investments Co., Ltd
Holding
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+17.02%
3M Return
A
Appaloosa Management L.P.
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MPLX
+14.34%
3M Return
C
Chicago Partners Investment Group LLC
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+10.75%
3M Return
U
U.S. Capital Wealth Advisors, LLC
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MPLX
+9.18%
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Brave Warrior Advisors, LLC
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3M Return

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Frequently Asked Questions

What is MPLX LP (MPLX) stock price today?

The current price of MPLX is 54.65 USD — it has decreased -1.51

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 31 2026.

What is MPLX LP (MPLX) market cap?

Today MPLX has the market capitalization of 55.46B USD.