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MPLX Stock Chart & Stats
$58.65
$0.00(0.00%)
At close: 4:00 PM EDT
$58.65
$0.00(0.00%)
Day’s Range― - ―
52-Week Range$47.80 - $60.95
Previous CloseN/A
Volume488.32K
Average Volume (3M)1.36M
Market Cap
$59.67B
Enterprise Value$82.50K
Total Cash (Recent Filing)$1.03B
Total Debt (Recent Filing)$25.89B
Price to Earnings (P/E)12.6
Beta0.38
Next Earnings
Nov 03, 2026EPS Estimate
1.17Next Dividend Ex-DateN/A
Dividend Yield7.34%
Share Statistics
EPS (TTM)4.66
Shares Outstanding1,013,858,300
10 Day Avg. Volume1,500,191
30 Day Avg. Volume1,364,006
Financial Highlights & Ratios
PEG Ratio0.76
Price to Book (P/B)3.80
Price to Sales (P/S)4.60
P/FCF Ratio13.26
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$61.20Price Target Upside4.35% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)4.31
Revenue Forecast (FY)$12.82B
Bulls Say, Bears Say
Bulls Say
Cash GenerationSustained, large operating and free cash flow gives MPLX durable internal funding for distributions, maintenance and growth capex without constant reliance on external equity. High cash conversion supports a stable payout policy and cushions project timing variability over 2–6 months.
High MarginsConsistently elevated margins reflect fee-based midstream earnings and strong asset utilization, providing durable profitability. Higher margins improve resilience to volume swings and support reinvestment and distributions, underpinning long‑term cash returns even with cyclical commodity moves.
Asset Footprint & Project ExecutionPlacement of new processing, fractionation and export capacity across core basins expands fee-bearing throughput and export optionality. Successful project execution and rising utilization sustainably increase contracted revenue potential and position MPLX to capture longer-term export and NGL value chain growth.
Bears Say
Elevated LeverageMaterial leverage, while typical for midstream, reduces financial flexibility and increases refinancing and interest-rate exposure. High debt levels constrain capacity to fund incremental projects or absorb delays, making capital structure sensitive to cash-flow volatility over the medium term.
Near-term Capex IntensificationA $500M capex pull-forward increases near-term cash deployment and execution load. This amplifies reliance on timely project completion and ramp-ups to realize returns; any delays or cost overruns would pressure coverage metrics and reduce short-term financial headroom.
Permian Takeaway Constraint RiskStructural takeaway constraints in the Permian signal continued need for long‑haul capacity projects. This creates sustained capital intensity and execution risk: if takeaway projects lag or volumes shift, utilization and returns could be impaired, pressuring long-term project economics.
MPLX News
MPLX FAQ
What was MPLX LP’s price range in the past 12 months?
MPLX LP lowest stock price was $47.80 and its highest was $60.95 in the past 12 months.
What is MPLX LP’s market cap?
MPLX LP’s market cap is $59.67B.
When is MPLX LP’s upcoming earnings report date?
MPLX LP’s upcoming earnings report date is Nov 03, 2026 which is in 83 days.
How were MPLX LP’s earnings last quarter?
MPLX LP released its earnings results on Aug 04, 2026. The company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.058 by $0.002.
Is MPLX LP overvalued?
According to Wall Street analysts MPLX LP’s price is currently Undervalued.
Does MPLX LP pay dividends?
MPLX LP pays a Quarterly dividend of $1.077 which represents an annual dividend yield of 7.34%. See more information on MPLX LP dividends here
What is MPLX LP’s EPS estimate?
MPLX LP’s EPS estimate is 1.17.
How many shares outstanding does MPLX LP have?
MPLX LP has 1,013,858,300 shares outstanding.
What happened to MPLX LP’s price movement after its last earnings report?
MPLX LP reported an EPS of $1.06 in its last earnings report, beating expectations of $1.058. Following the earnings report the stock price went up 2.715%.
Which hedge fund is a major shareholder of MPLX LP?
Currently, no hedge funds are holding shares in MPLX
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
MPLX Stock Smart Score
Outperform
1
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7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$61.20 (4.35% Upside)
$61.20 (4.35% Upside)
Blogger Sentiment
Bullish
MPLX Sentiment 97%
Sector Average 58%
Sector Average 58%
Hedge Fund Trend
Decreased
By 1.9M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Negative
Last 7 Days ▲ 0.6%
Last 30 Days ▼ 1.3%
Last 30 Days ▼ 1.3%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Company Description
MPLX LP
MPLX LP, incorporated in 2012 and headquartered in Findlay, Ohio, operates as a subsidiary of Marathon Petroleum Corporation, with MPLX GP LLC serving as its general partner. The company is a prominent owner and operator of midstream energy infrastructure and logistics assets primarily across the United States. Its business is segmented into Logistics and Storage, and Gathering and Processing. MPLX's extensive operations involve the gathering, processing, and transportation of natural gas, alongside the gathering, transportation, fractionation, exchange, storage, and marketing of natural gas liquids. It also handles the collection, storage, transportation, and distribution of crude oil, refined products, and other hydrocarbon-based goods, including the sale of residue gas and condensate. Furthermore, the company manages inland marine businesses, focusing on the transportation of light products, heavy oils, crude oil, renewable fuels, chemicals, and feedstocks within the Mid-Continent and Gulf Coast regions, utilizing its owned and third-party chartered boats and barges, and maintaining a marine repair facility on the Ohio River. Complementing these activities, MPLX oversees fuel distribution, refining logistics, terminals, rail facilities, and storage caverns, and operates specialized terminal facilities for the receipt, storage, blending, additization, handling, and redelivery of refined petroleum products through various modes including pipeline, rail, marine, and over-the-road transport.
MPLX Company Deck
MPLX Earnings Call
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveys a constructive and execution-focused outlook: solid quarter with 5% adjusted EBITDA growth, strong operational metrics (high utilization in core basins, multi‑year distribution increases, and several strategically important assets placed into service), and multiple large projects progressing on schedule. Headwinds include the lingering impact of the Rockies divestiture, temporary throughput reductions from planned turnarounds, higher operating expenses tied to maintenance/project activity, and a heavier back-half weighting for 2026 growth amplified by a $500 million capex pull‑forward. Management retains confidence in mid-single-digit EBITDA growth for 2026, a strong 2027 setup, and maintaining financial priorities (1.3x coverage and distribution growth), leading to an overall positive tone despite some near-term execution and capital intensity risks.View all MPLX earnings summariesMPLX Stock 12 Month Forecast
Average Price Target
$61.20
▲(4.35% Upside)
Technical Analysis
Energy Transfer
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Enterprise Products Partners
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Kinder Morgan
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Oneok
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Targa Resources
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Ownership Overview
0.16% Insiders
4.64% Mutual Funds
5.99% Other Institutional Investors
84.58% Public Companies and Individual Investors