MPLX (MPLX) AI Stock Analysis

• Market Cap: $51.84B
• Dividend Yield: 7.52%
• Average Volume (3M): 1.42M
• Price to Earnings (P/E): 12.1
• Beta (1Y): 0.46
• Revenue Growth: 4.67%
• EPS Growth: 2.07%
• Country: US
• Employees: 6,200
• Sector: Energy
• Sector Strength: 69
• Industry: Oil & Gas Midstream
• EPS (TTM): 1.03
• Shares Outstanding: 1,019,065,900
• 10 Day Avg. Volume: 1,157,746
• 30 Day Avg. Volume: 1,422,202
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.41
• Enterprise Value/Revenue: 6.48
• Enterprise Value/Gross Profit: 14.73
• Enterprise Value/Ebitda: 11.06
• 1Y Price Target: $58.29
• Price Target Upside: 14.59% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 7

• Rating: 81 Outperform
• Price Target: $58.00 ▲(14.02% Upside)

MPLX's overall stock score reflects its strong financial performance, attractive valuation, and strategic growth initiatives. The company's robust dividend yield and reasonable P/E ratio enhance its appeal. While technical indicators suggest a stable trend, the earnings call underscores MPLX's strategic acquisitions and financial flexibility, offsetting some operational challenges.

Positive Factors

Financial Performance

MPLX posted another solid quarter and reiterated its mid-single-digit EBITDA growth target and 12.5% annual distribution growth rate.

Production Growth

MPLX continues to see strong production across its core areas and expects year-over-year volume growth based on latest producer customer conversations.

Strategic Acquisitions

MPLX acquired crude, gas, and water gathering assets in the San Juan Basin from Whiptail Midstream, which are expected to generate a mid-teen return.

Negative Factors

Capital Expenditure

MPLX reaffirmed its 2025 growth capex budget of $1.7 billion, indicating no plans to slow spending on projects currently under construction.

MPLX Business Overview & Revenue Model

Company Description

MPLX is a leading provider of pipeline transportation and logistics services for crude oil, natural gas, and refined petroleum products in the United States. The company operates an extensive network of pipelines and terminals, serving major markets and facilitating the movement of energy resources. MPLX is a subsidiary of Marathon Petroleum Corporation and is involved in various sectors including midstream services, logistics, and storage, focusing on the efficient and safe transportation of energy commodities.

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: Positive
• Last Price: 50.87
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MPLX, the sentiment is Positive. The current price of 50.87 is above the 20-day moving average (MA) of 50.30, above the 50-day MA of 50.22, and above the 200-day MA of 49.13, indicating a bullish trend. The MACD of 0.08 indicates Negative momentum. The RSI at 55.22 is Neutral, neither overbought nor oversold. The STOCH value of 66.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MPLX.

MPLX Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MPLX	81 Outperform	$51.84B	12.07	31.38%	7.52%	4.67%	2.07%
EPD	80 Outperform	$69.59B	12.01	20.43%	6.66%	-0.55%	2.14%
ET	75 Outperform	$60.83B	13.68	13.73%	7.36%	-3.65%	9.69%
OKE	73 Outperform	$48.10B	14.89	16.05%	5.34%	47.00%	11.86%
KMI	70 Outperform	$59.95B	22.14	8.86%	4.30%	3.95%	11.32%
TRGP	66 Neutral	$36.10B	24.02	60.30%	2.09%	5.88%	46.35%
Sector *	66 Neutral	$15.46B	7.35	3.20%	5.24%	4.31%	-62.31%

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.

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.