MPLX (MPLX) AI Stock Analysis

• Market Cap: $52.07B
• Dividend Yield: 7.66%
• Average Volume (3M): 1.72M
• Price to Earnings (P/E): 10.8
• Beta (1Y): 0.50
• Revenue Growth: 5.19%
• EPS Growth: 11.09%
• Country: US
• Employees: 6,200
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Midstream
• EPS (TTM): 1.52
• Shares Outstanding: 1,017,065,100
• 10 Day Avg. Volume: 1,886,570
• 30 Day Avg. Volume: 1,724,575
• 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: 1.45
• Enterprise Value/Revenue: 6.22
• Enterprise Value/Gross Profit: 12.69
• Enterprise Value/Ebitda: 10.94
• 1Y Price Target: $59.17
• Price Target Upside: 14.83% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 6
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 81 Outperform
• Price Target: $59.00 ▲(14.50% Upside)

MPLX's strong financial performance and positive earnings call are the most significant factors contributing to its high score. The company's robust revenue growth, high profitability margins, and strategic initiatives support a positive outlook. Technical indicators show bullish momentum, and the valuation is attractive with a high dividend yield. While there are some operational challenges, the overall sentiment remains positive.

Positive Factors

Strategic Acquisitions

These acquisitions enhance MPLX's platform, providing growth opportunities and strengthening its position in key regions, supporting long-term revenue growth.

Strong Cash Flow Generation

Robust cash flow growth ensures liquidity and operational efficiency, enabling MPLX to fund expansions and return capital to shareholders sustainably.

Natural Gas Supply Initiative

This initiative creates additional demand in the Delaware basin, enhancing MPLX's natural gas value chain and providing reliable power solutions, supporting long-term growth.

Negative Factors

High Leverage

High leverage can limit financial flexibility and increase risk, potentially impacting MPLX's ability to invest in growth opportunities or weather economic downturns.

Higher Operating Expenses

Rising operating expenses can pressure margins and reduce profitability, challenging MPLX's ability to maintain its high profitability metrics over time.

Terminal Volume Decline

Declining terminal volumes may indicate weakening demand or operational inefficiencies, potentially impacting MPLX's revenue and market position in the logistics segment.

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 performance with robust revenue growth, high profitability margins, and effective cash flow management. Despite high leverage, the company effectively utilizes its equity to generate returns. The overall financial health is solid, with potential risks mitigated by strong operational performance and cash flow generation.

Income Statement

MPLX has demonstrated strong revenue growth with a 7.47% increase in TTM, supported by robust gross and net profit margins of 49.02% and 39.71% respectively. The EBIT and EBITDA margins are also impressive at 46.01% and 56.89%, indicating efficient operations. The consistent growth trajectory and high profitability metrics highlight a solid financial performance.

Balance Sheet

The company maintains a high debt-to-equity ratio of 1.78, which suggests significant leverage. However, the return on equity is strong at 34.44%, indicating effective use of equity to generate profits. The equity ratio stands at 33.59%, showing a balanced asset structure. While leverage is a concern, the high ROE and stable asset management are positive indicators.

Cash Flow

MPLX's cash flow performance is commendable with a 17.58% growth in free cash flow. The operating cash flow to net income ratio is 1.74, and the free cash flow to net income ratio is 0.95, reflecting strong cash generation relative to earnings. The positive cash flow growth and coverage ratios suggest healthy liquidity and operational efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	12.13B	10.90B	10.43B	10.54B	9.57B	8.40B
Gross Profit	5.95B	4.82B	4.56B	4.29B	4.05B	3.75B
EBITDA	6.90B	6.59B	6.09B	6.06B	5.19B	1.53B
Net Income	4.82B	4.32B	3.93B	3.94B	3.08B	-720.00M
Balance Sheet
Total Assets	43.23B	37.51B	36.53B	35.66B	35.51B	36.41B
Cash, Cash Equivalents and Short-Term Investments	2.80B	1.52B	1.05B	238.00M	13.00M	15.00M
Total Debt	26.09B	21.44B	20.91B	20.30B	19.07B	20.68B
Total Liabilities	28.70B	23.50B	22.95B	22.15B	22.49B	22.43B
Stockholders Equity	14.30B	13.78B	13.35B	13.48B	12.78B	13.74B
Cash Flow
Free Cash Flow	5.78B	4.89B	4.46B	4.21B	4.38B	3.34B
Operating Cash Flow	6.09B	5.95B	5.40B	5.02B	4.91B	4.52B
Investing Cash Flow	-5.28B	-2.00B	-1.25B	-956.00M	-518.00M	-1.26B
Financing Cash Flow	-2.23B	-3.48B	-3.33B	-3.84B	-4.39B	-3.26B

MPLX Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 51.53
• 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 51.53 is above the 20-day moving average (MA) of 50.08, above the 50-day MA of 50.21, and above the 200-day MA of 50.16, indicating a bullish trend. The MACD of 0.41 indicates Negative momentum. The RSI at 63.40 is Neutral, neither overbought nor oversold. The STOCH value of 71.49 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	$52.07B	10.85	34.35%	7.66%	5.19%	11.09%
EPD	74 Outperform	$65.43B	11.44	―	6.97%	-6.41%	―
OKE	74 Outperform	$40.47B	11.83	17.14%	6.08%	58.76%	13.74%
ET	69 Neutral	$58.05B	13.54	12.91%	7.79%	-4.67%	-8.06%
KMI	68 Neutral	$57.67B	21.25	8.87%	4.46%	8.54%	7.22%
TRGP	66 Neutral	$33.26B	22.13	61.29%	2.21%	7.48%	34.18%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%

MPLX Corporate Events

MPLX LP Reports Strong Q3 2025 Earnings and Distribution Increase

MPLX LP is a diversified master limited partnership that operates in the midstream energy sector, owning and managing infrastructure and logistics assets for crude oil, refined products, natural gas, and NGLs across the United States. The company is known for its extensive pipeline networks and processing facilities in key U.S. supply basins.

MPLX LP Earnings Call Highlights Strategic Growth

MPLX LP’s recent earnings call conveyed a generally positive sentiment, highlighting the company’s strong financial health and strategic initiatives. Despite some challenges like higher operating expenses and a decline in terminal volumes, the company showcased increased distributions, strategic acquisitions, and robust EBITDA growth, painting an optimistic picture for investors.

MPLX Announces New Chairman Amid Strategic Transition

On October 29, 2025, MPLX GP LLC’s board elected Maryann T. Mannen as Chairman of the Board, effective January 1, 2026, succeeding Michael J. Hennigan who will retire. This leadership change, announced on November 4, 2025, signifies a strategic transition for MPLX, with Mannen continuing her role as CEO while also assuming the chairman position, potentially impacting the company’s strategic direction and stakeholder engagement.

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 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.

MPLX LP Reports Solid Q2 2025 Earnings

MPLX LP is a diversified master limited partnership that operates in the midstream energy sector, focusing on crude oil and natural gas infrastructure and logistics across the United States. The company is known for its extensive network of pipelines, terminals, and processing facilities.

MPLX LP Earnings Call Highlights Strategic Growth

MPLX LP’s recent earnings call painted a picture of robust growth and strategic advancements, underscoring the company’s strong financial performance and strategic acquisitions. Despite facing some operational expense challenges, the overall sentiment remains optimistic, with consistent growth and strategic execution at the forefront.