MPLX (MPLX) AI Stock Analysis

• Market Cap: $50.99B
• Dividend Yield: 7.65%
• Average Volume (3M): 1.39M
• Price to Earnings (P/E): 11.9
• Beta (1Y): 0.46
• Revenue Growth: 4.67%
• EPS Growth: 2.07%
• Country: US
• Employees: 6,200
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Midstream
• EPS (TTM): 1.03
• Shares Outstanding: 1,019,065,900
• 10 Day Avg. Volume: 1,360,994
• 30 Day Avg. Volume: 1,389,894
• PEG Ratio: 1.14
• Price to Book (P/B): 3.53
• Price to Sales (P/S): 4.46
• P/FCF Ratio: 9.94
• Enterprise Value/Market Cap: 1.43
• Enterprise Value/Revenue: 6.48
• Enterprise Value/Gross Profit: 14.73
• Enterprise Value/Ebitda: 11.06
• 1Y Price Target: $58.14
• Price Target Upside: 16.19% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 7

• Rating: 81 Outperform
• Price Target: $58.00 ▲(15.91% Upside)

MPLX's strong financial performance and strategic acquisitions are the most significant factors driving its high score. The company's attractive valuation and positive earnings call further enhance its investment appeal. Technical analysis suggests a stable trend, supporting the overall positive outlook.

Positive Factors

Strategic Acquisitions

The acquisition of Northwind Midstream expands MPLX's footprint in the Delaware Basin, enhancing its asset base and future cash flow potential, which strengthens its competitive position in the midstream sector.

Revenue Growth

Consistent EBITDA growth indicates robust operational performance and effective cost management, supporting long-term financial health and shareholder returns.

Distribution Growth

A significant increase in distributions reflects strong cash flow generation and a commitment to returning value to shareholders, enhancing investor confidence.

Negative Factors

Decreasing Gross Profit Margin

A declining gross profit margin may indicate rising costs or pricing pressures, potentially impacting long-term profitability if not addressed.

Higher Project-Related Expenses

Increased project expenses could strain cash flows and limit financial flexibility, potentially affecting future investment capacity and profitability.

Decline in Gathered and Fractionation Volumes

Volume declines in key segments may signal demand challenges or operational inefficiencies, impacting revenue and market position if trends persist.

MPLX Business Overview & Revenue Model

Company Description

MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. It operates in two segments, Logistics and Storage, and Gathering and Processing. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, exchange, storage, and marketing of natural gas liquids; gathering, storage, transportation, and distribution of crude oil and refined products, as well as other hydrocarbon-based products; and sale of residue gas and condensate. It also engages in the inland marine businesses comprising transportation of light products, heavy oils, crude oil, renewable fuels, chemicals, and feedstocks in the Mid-Continent and Gulf Coast regions, as well as owns and operates boats and barges, including third-party chartered equipment, and a marine repair facility located on the Ohio River; and distribution of fuel, as well as operates refining logistics, terminals, rail facilities, and storage caverns. In addition, the company operates terminal facilities for the receipt, storage, blending, additization, handling, and redelivery of refined petroleum products located through the pipeline, rail, marine, and over-the-road modes of transportation. MPLX GP LLC acts as the general partner of MPLX LP. The company was incorporated in 2012 and is headquartered in Findlay, Ohio. MPLX LP operates as a subsidiary of Marathon Petroleum Corporation.

How the Company Makes Money

MPLX generates revenue primarily through fees charged for the transportation and storage of hydrocarbons. The company operates on a fee-based model, which provides a stable and predictable cash flow. Key revenue streams include transportation fees from its extensive pipeline network, storage fees from its terminal operations, and processing fees from natural gas processing facilities. Additionally, MPLX benefits from long-term contracts and partnerships with major oil and gas companies, which help to secure consistent revenue. Factors contributing to its earnings include the demand for energy resources, regulatory environments, and strategic expansions or acquisitions within the midstream sector.

MPLX Financial Statement Overview

Summary

MPLX exhibits strong financial health with consistent profitability and effective cash flow management. The company has demonstrated impressive revenue growth and maintains a stable balance sheet. While there are some concerns regarding the decreasing gross profit margin and moderate debt reliance, MPLX is well-positioned within the Oil & Gas Midstream industry.

Income Statement

MPLX demonstrates strong profitability with a consistent net profit margin above 36% and a robust EBIT margin. The company has shown impressive revenue growth, particularly in the TTM period, indicating a positive trajectory. However, the gross profit margin has decreased in the TTM period compared to previous years, which could indicate rising costs or pricing pressures.

Balance Sheet

The balance sheet reflects a stable financial position with a manageable debt-to-equity ratio around 1.57, which is typical for the industry. Return on equity remains strong, consistently above 31%, showcasing efficient use of equity. However, the equity ratio indicates a moderate reliance on debt financing, which could pose risks if market conditions change.

Cash Flow

MPLX's cash flow is robust, with significant free cash flow growth in the TTM period. The operating cash flow to net income ratio is healthy, indicating strong cash generation relative to earnings. The free cash flow to net income ratio is also solid, suggesting effective cash management. However, fluctuations in free cash flow growth in previous years highlight potential volatility.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	11.29B	10.90B	10.43B	10.54B	9.57B	8.40B
Gross Profit	4.96B	4.82B	4.56B	4.29B	4.05B	3.75B
EBITDA	6.62B	6.59B	6.09B	6.06B	5.19B	1.53B
Net Income	4.31B	4.32B	3.93B	3.94B	3.08B	-720.00M
Balance Sheet
Total Assets	37.84B	37.51B	36.53B	35.66B	35.51B	36.41B
Cash, Cash Equivalents and Short-Term Investments	1.39B	1.52B	1.05B	238.00M	13.00M	15.00M
Total Debt	21.71B	21.44B	20.91B	20.30B	19.07B	20.68B
Total Liabilities	23.79B	23.50B	22.95B	22.15B	22.49B	22.43B
Stockholders Equity	13.82B	13.78B	13.35B	13.48B	12.78B	13.74B
Cash Flow
Free Cash Flow	4.92B	4.89B	4.46B	4.21B	4.38B	3.34B
Operating Cash Flow	6.07B	5.95B	5.40B	5.02B	4.91B	4.52B
Investing Cash Flow	-2.09B	-2.00B	-1.25B	-956.00M	-518.00M	-1.26B
Financing Cash Flow	-5.10B	-3.48B	-3.33B	-3.84B	-4.39B	-3.26B

MPLX Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 50.04
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MPLX, the sentiment is Negative. The current price of 50.04 is below the 20-day moving average (MA) of 50.60, below the 50-day MA of 50.36, and above the 200-day MA of 49.51, indicating a neutral trend. The MACD of 0.06 indicates Positive momentum. The RSI at 44.14 is Neutral, neither overbought nor oversold. The STOCH value of 31.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MPLX.

MPLX Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MPLX	81 Outperform	$50.99B	11.94	31.38%	7.65%	4.67%	2.07%
EPD	74 Outperform	67.92B	11.84	20.20%	6.82%	-0.55%	2.14%
OKE	73 Outperform	45.10B	13.95	14.17%	5.70%	47.00%	11.86%
ET	71 Outperform	58.80B	13.35	10.28%	7.62%	-3.65%	9.69%
KMI	70 Outperform	60.40B	22.50	8.85%	4.27%	3.95%	11.32%
TRGP	66 Neutral	35.55B	23.54	58.90%	2.12%	5.88%	46.35%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%

MPLX Corporate Events

MPLX Expands Board, Elects New Director

On August 25, 2025, MPLX LP, a company involved in the energy sector, announced changes to its board of directors, expanding it to eleven members. Ray N. Walker, Jr. was elected as a new director and will serve on the audit and conflicts committees. This move is part of MPLX’s governance strategy, potentially impacting its operational oversight and decision-making processes.

The most recent analyst rating on (MPLX) stock is a Buy with a $58.00 price target. To see the full list of analyst forecasts on MPLX stock, see the MPLX Stock Forecast page.

MPLX Files Supplemental Indentures for Financial Strategy

MPLX LP has filed several exhibits related to its Registration Statement on Form S-3, including an underwriting agreement dated August 7, 2025, and multiple supplemental indentures dated August 11, 2025. These documents involve major financial institutions and indicate MPLX’s ongoing efforts to manage its financial instruments and obligations, potentially impacting its financial strategy and stakeholder relations.

The most recent analyst rating on (MPLX) stock is a Buy with a $55.00 price target. To see the full list of analyst forecasts on MPLX stock, see the MPLX Stock Forecast page.