MPLX LP (MPLX)
NYSE:MPLX
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MPLX Stock Chart & Stats
$55.88
$0.23(0.48%)
At close: 4:00 PM EST
$55.88
$0.23(0.48%)
Day’s Range― - ―
52-Week Range$47.80 - $59.98
Previous CloseN/A
Volume391.36K
Average Volume (3M)1.82M
Market Cap
$57.35B
Enterprise Value$81.36B
Total Cash (Recent Filing)$1.51B
Total Debt (Recent Filing)$26.13B
Price to Earnings (P/E)12.2
Beta0.38
Next Earnings
Aug 04, 2026EPS Estimate
1.09Next Dividend Ex-DateN/A
Dividend Yield7.31%
Share Statistics
EPS (TTM)4.63
Shares Outstanding1,014,733,700
10 Day Avg. Volume1,661,109
30 Day Avg. Volume1,822,622
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 Cap1.42
Enterprise Value/Revenue6.58
Enterprise Value/Gross Profit13.43
Enterprise Value/Ebitda11.28
Forecast
1Y Price Target
$60.20Price Target Upside7.73% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)4.32
Revenue Forecast (FY)$12.91B
Bulls Say, Bears Say
Bulls Say
Strong Cash GenerationSustained, high absolute cash generation (TTM OCF ~$6B, FCF ~$5B) gives MPLX durable funding for organic projects, distributions and debt service. Over the medium term this underpins reinvestment capacity and a reliable capital-return policy despite cyclical commodity swings.
On‑time Project Execution And Capacity AdditionsConsistent project delivery (Secretariat I online; Harmon Creek III, Titan and BANGL expansions on schedule) meaningfully increases gas/NGL processing and fractionation capacity. These durable capacity gains support mid‑single‑digit organic EBITDA growth and long‑term fee revenue expansion.
High Margins And Efficient ReturnsVery strong margins and a high ROE (~33%) indicate efficient asset utilization and pricing power in fee‑based midstream services. These structural profitability advantages support sustained cash flow generation and the partnership’s ability to fund distributions and growth capex over multiple cycles.
Bears Say
Elevated LeverageMaterial leverage (debt-to-equity ~1.86, ~$26B debt) constrains financial flexibility and heightens interest‑rate and refinancing risk. In prolonged weak commodity or volume periods, high absolute debt can limit discretionary investments and pressure distribution coverage targets.
Volatile Free Cash‑flow GrowthWhile absolute FCF is large, extreme swings in FCF growth (-398.5% TTM) indicate uneven conversion timing and episodic impacts. That volatility weakens predictability for sustained distribution hikes and project funding, making coverage targets and financing plans more sensitive to short‑term swings.
Commodity And Volume Exposure With Hedge MTMSubstantial exposure to NGL pricing and throughput means earnings can move with commodity and customer activity. Hedging limits long‑run price exposure but creates mark‑to‑market volatility (e.g., $56M Q1 loss) and does not fully offset volume declines from refinery turnarounds, raising medium‑term earnings variability.
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 $59.98 in the past 12 months.
What is MPLX LP’s market cap?
MPLX LP’s market cap is $57.35B.
When is MPLX LP’s upcoming earnings report date?
MPLX LP’s upcoming earnings report date is Aug 04, 2026 which is in 37 days.
How were MPLX LP’s earnings last quarter?
MPLX LP released its earnings results on May 05, 2026. The company reported $0.9 earnings per share for the quarter, missing the consensus estimate of $1.046 by -$0.146.
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 7.31%. See more information on MPLX LP dividends here
What is MPLX LP’s EPS estimate?
MPLX LP’s EPS estimate is 1.09.
How many shares outstanding does MPLX LP have?
MPLX LP has 1,014,733,700 shares outstanding.
What happened to MPLX LP’s price movement after its last earnings report?
MPLX LP reported an EPS of $0.9 in its last earnings report, missing expectations of $1.046. Following the earnings report the stock price went down -2.641%.
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
Neutral
1
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5
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7
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10
Analyst Consensus
Moderate Buy
Average Price Target:
$60.20 (7.73% Upside)
$60.20 (7.73% Upside)
Blogger Sentiment
Bullish
MPLX Sentiment 70%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 1.9M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Neutral
Last 7 Days ▼ 0.7%
Last 30 Days ▲ 0.5%
Last 30 Days ▲ 0.5%
Technicals
SMA
Positive
20 days / 200 days
Momentum
19.36%
12-Months-Change
Fundamentals
Return on Equity
33.27%
Trailing 12-Months
Asset Growth
10.16%
Trailing 12-Months
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
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call emphasized strong project execution, significant capacity additions coming online (Secretariat I, Harmon Creek III, Titan expansion), continued capital returns (over $1.1 billion returned, 12.5% distribution increase target) and a clear strategy focused on natural gas and NGL value chains. Near‑term headwinds were highlighted, including a $42 million segment EBITDA decline (partly tied to prior divestitures and one‑time 2025 benefits), a $56 million negative hedge mark‑to‑market in Q1, modest volume declines (pipeline and terminal volumes down 4% YoY, fractionation volumes down 3%) and a ~$13 million weather impact. Management stressed that growth is back‑half weighted in 2026, projects remain on time and on budget, and they expect mid‑single‑digit EBITDA growth for the year. Overall, positive operational momentum and large, on‑track project pipeline outweigh the near‑term financial and seasonal headwinds.View all MPLX earnings summariesMPLX Stock 12 Month Forecast
Average Price Target
$60.20
▲(7.73% Upside)
Technical Analysis
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Ownership Overview
0.16% Insiders
4.64% Mutual Funds
11.55% Other Institutional Investors
79.10% Public Companies and Individual Investors