MPLX (MPLX) AI Stock Analysis

• Market Cap: $54.62B
• Dividend Yield: 7.35%
• Average Volume (3M): 1.50M
• Price to Earnings (P/E): 11.4
• 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: 1,585,583
• 30 Day Avg. Volume: 1,501,124
• 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: 1.38
• Enterprise Value/Revenue: 6.22
• Enterprise Value/Gross Profit: 12.69
• Enterprise Value/Ebitda: 10.57
• 1Y Price Target: $58.88
• Price Target Upside: 9.65% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 8
• EPS Forecast (FY): 4.66
• Revenue Forecast (FY): $13.00B

• Rating: 81 Outperform
• Price Target: $59.00 ▲(9.87% 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 is a master limited partnership that provides integrated midstream services in the United States. It primarily operates in the transportation, storage, and distribution of crude oil, refined petroleum products, and natural gas liquids. MPLX owns and operates a vast network of pipelines, storage facilities, and processing plants, enabling it to serve a diverse set of customers, including major oil and gas producers. The company's operations are divided into two main segments: the Logistics and Storage segment, which focuses on transporting and storing hydrocarbons, and the Gathering and Processing segment, which deals with the collection and processing of natural gas and natural gas liquids.

How the Company Makes Money

MPLX generates revenue primarily through the transportation and storage of crude oil and natural gas liquids via its extensive pipeline network. The company charges fees for the use of its services, which include gathering, processing, and transporting hydrocarbons. Key revenue streams come from long-term contracts with customers, providing stable cash flow. Additionally, MPLX benefits from its strategic partnerships with major energy companies, including Marathon Petroleum Corporation, which enhances its operational efficiency and market reach. The consistent demand for midstream services and the company's focus on infrastructure expansion further contribute to its earnings.

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	7.15B	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: Neutral
• Last Price: 53.70
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MPLX, the sentiment is Neutral. The current price of 53.7 is below the 20-day moving average (MA) of 54.48, above the 50-day MA of 51.91, and above the 200-day MA of 49.73, indicating a neutral trend. The MACD of 0.52 indicates Positive momentum. The RSI at 50.04 is Neutral, neither overbought nor oversold. The STOCH value of 18.98 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for MPLX.

MPLX Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OKE	82 Outperform	$45.10B	13.18	17.14%	5.75%	58.76%	13.74%
MPLX	81 Outperform	$54.62B	11.38	34.35%	7.35%	5.19%	11.09%
TRGP	74 Outperform	$38.41B	24.06	61.18%	2.10%	7.79%	33.93%
EPD	73 Outperform	$69.10B	12.09	19.98%	6.76%	-6.46%	-0.87%
ET	70 Outperform	$56.27B	13.12	13.09%	8.02%	-4.67%	-8.06%
KMI	68 Neutral	$58.93B	21.72	8.87%	4.40%	8.54%	7.22%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%

MPLX Corporate Events

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.