MPLX Lp (MPLX)

US — Energy Sector
Peers: TRP  ET  LNG  OKE  SU  KMI  SLB  EPD  IMO  E 

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Key Metrics & Ratings

  • symbol MPLX
  • Rev/Share 11.9078
  • Book/Share 14.2532
  • PB 4.0329
  • Debt/Equity 1.8249
  • CurrentRatio 1.3121
  • ROIC 0.1405

 

  • MktCap 57658752979.0
  • FreeCF/Share 5.6722
  • PFCF 9.9756
  • PE 11.9666
  • Debt/Assets 0.6035
  • DivYield 0.0697
  • ROE 0.3458

 

  • Rating B+
  • Score 3
  • Recommendation Neutral
  • P/E Score 2
  • DCF Score 5
  • P/B Score 1
  • D/E Score 1

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Downgrade MPLX Raymond James Outperform Market Perform -- -- Jan. 5, 2026
Downgrade MPLX JP Morgan Overweight Neutral -- $57 Dec. 1, 2025
Resumed MPLX BofA Securities -- Underperform -- $43 Oct. 17, 2024

News

The One Data Point That Changed My Dividend Growth Strategy
AAPL, AMLP, BEP, BEPC, BIP, BIPC, BIZD, ENB, ET, GOOG, GOOGL, HD, LOW, MAIN, MLPX, MPLX, MSFT, O, OKE, PAA, PAGP, SCHD, SPY, UTF, UTG
Published: January 15, 2026 by: Seeking Alpha
Sentiment: Positive

A long-held dividend investing assumption just quietly broke down. One overlooked sector is rewriting the rules on yield and growth. This shift completely changed how I allocate my capital.

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image for news The One Data Point That Changed My Dividend Growth Strategy
Earnings Growth & Price Strength Make MPLX LP (MPLX) a Stock to Watch
MPLX
Published: January 15, 2026 by: Zacks Investment Research
Sentiment: Positive

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Focus List.

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image for news Earnings Growth & Price Strength Make MPLX LP (MPLX) a Stock to Watch
MPLX: AI Beneficiary, Rich Distributions, Compelling Valuations, And Outsized Growth Prospects
MPLX
Published: January 14, 2026 by: Seeking Alpha
Sentiment: Positive

MPLX is a compelling dividend Buy, benefiting from the AI-driven data center demand and the robust pipeline expansion in natural gas/NGL services. The growing backlog/joint ventures through 2028 provide robust insights into its accelerated adj EBITDA growth at mid-single digits, building upon YTD levels of +4.2% YoY. There remains reasonable flexibility for MPLX to drive further growth through other strategic initiatives, thanks to the gap to its comfortable leverage ratio of 4x.

Read More
image for news MPLX: AI Beneficiary, Rich Distributions, Compelling Valuations, And Outsized Growth Prospects
4 Strong Buy Passive Income Dividend Stocks Goldman Sachs Loves in January
MPLX, OHI, STZ, VTR
Published: January 14, 2026 by: 24/7 Wall Street
Sentiment: Positive

Founded in 1869, Goldman Sachs is the world's second-largest investment bank by revenue and ranks 55th on the Fortune 500 list of the largest United States corporations by total revenue.

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image for news 4 Strong Buy Passive Income Dividend Stocks Goldman Sachs Loves in January
3 Energy Partnerships Crushing It on Dividend Growth
BEP, EPD, MPLX
Published: January 08, 2026 by: 24/7 Wall Street
Sentiment: Positive

In the market, high yields are easy to find in the energy space, but dividend growth is a whole different story.

Read More
image for news 3 Energy Partnerships Crushing It on Dividend Growth
Energy Is, By Far, My Favorite Sector For 2026
AETUF, AM, AR, CNQ, CVX, DVN, ET, EXE, FANG, LB, MPLX, PR, RRC, TPL, TRMLF, TRP, VNOM, WBI, WES, XOM, XOP
Published: December 24, 2025 by: Seeking Alpha
Sentiment: Positive

Energy badly lagged this year, and I underestimated how severe the supply glut would be. I was early - but the long-term thesis remains firmly intact. Today's oil prices aren't sustainable. Low prices are forcing discipline, squeezing supply, and creating a rare setup where sentiment and fundamentals are deeply misaligned. With positioning extremely bearish and costs rising, I see energy setting up for a powerful reversal - offering both income and upside for patient investors.

Read More
image for news Energy Is, By Far, My Favorite Sector For 2026
Buy The Dip: 2 Of The Best Undervalued 8%-10% Yields I've Seen
AMLP, BIZD, EPD, ET, FDUS, MLPA, MPLX, SCHD
Published: December 24, 2025 by: Seeking Alpha
Sentiment: Positive

Investors are being handed a rare gift with some high-yielding, undervalued opportunities available right now. Two 8-10% yields look far safer and cheaper than the market assumes. I share a contrarian setup that could quietly deliver very strong total returns.

Read More
image for news Buy The Dip: 2 Of The Best Undervalued 8%-10% Yields I've Seen
A Golden Buying Opportunity Few Investors Have Noticed Yet
AMLP, ARCC, BIZD, BXSL, ENB, EPD, ET, FSK, KMI, MLPA, MPLX, PAA, SCHD, SPY, TRP, VNQ, XLU
Published: December 22, 2025 by: Seeking Alpha
Sentiment: Positive

The market looks very overvalued today. However, there is a corner of it that appears largely overlooked. I detail why I am pouring a large percentage of my portfolio into this golden buying opportunity.

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image for news A Golden Buying Opportunity Few Investors Have Noticed Yet
Dividend Stocks for 2026: Where to Invest as the Market Cools
KO, MPLX, MRK
Published: December 10, 2025 by: MarketBeat
Sentiment: Positive

As we enter the final stretch of 2025, it's clear that this has been a strong year for equities. However, with valuations across the tech sector stretched and talk of an AI-fueled bubble growing louder, many investors are beginning to look for more stable, income-generating opportunities.

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image for news Dividend Stocks for 2026: Where to Invest as the Market Cools
MPLX: Powering The AI Data Center Boom, Yielding 7.7%
MPLX
Published: December 09, 2025 by: Seeking Alpha
Sentiment: Positive

At first glance, MPLX seems like a boring business, but this is far from the truth. The company is currently undergoing a transformation into an "energy provider" for the future. The signing of the first major contracts for energy supply to data centers creates the potential for realizing new projects. Considering MPLX's superiority compared to other Midstream competitors, I assign the units a "Buy" rating.

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image for news MPLX: Powering The AI Data Center Boom, Yielding 7.7%
MPLX: High Yield Meets Growth In Midstream, Fresh 10-Year High (Upgrade)
MPLX
Published: December 08, 2025 by: Seeking Alpha
Sentiment: Positive

MPLX units surged 20% recently, outperforming XLE and SPY on a total return basis. Strong Q3 earnings, growing distributions, and capital deployment support long-term income and growth potential. Technical breakout, bullish golden cross, and high volume support suggest further upside toward the $62 target.

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image for news MPLX: High Yield Meets Growth In Midstream, Fresh 10-Year High (Upgrade)
Why Is MPLX LP (MPLX) Up 6.3% Since Last Earnings Report?
MPLX
Published: December 04, 2025 by: Zacks Investment Research
Sentiment: Positive

MPLX LP (MPLX) reported earnings 30 days ago. What's next for the stock?

Read More
image for news Why Is MPLX LP (MPLX) Up 6.3% Since Last Earnings Report?
Here's Why MPLX LP (MPLX) is a Strong Momentum Stock
MPLX
Published: November 14, 2025 by: Zacks Investment Research
Sentiment: Positive

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

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image for news Here's Why MPLX LP (MPLX) is a Strong Momentum Stock
One Of The Huge Mistakes Dividend Investors Are Making Right Now
AMLP, BIP, BIPC, BND, GLD, MLPA, MPLX, O, SCHD, TLT, UTF, UTG, VNQ, XLU
Published: November 13, 2025 by: Seeking Alpha
Sentiment: Negative

The macro data suggest that dividend investors may be in for a rude surprise in the wake of the Fed's rate cuts. Because a major macro shift is underway, the usual assumptions dividend investors make may no longer be reliable. I also share how I am seeking to avoid potentially the most dangerous mistake many dividend investors are making right now.

Read More
image for news One Of The Huge Mistakes Dividend Investors Are Making Right Now
The Best REIT, BDC, And MLP To Retire On
AMLP, ARCC, BIZD, BXSL, CSWC, ENB, EPD, JEPQ, KMI, MAA, MPLX, O, PAA, PAGP, SCHD, UTG, VNQ
Published: November 12, 2025 by: Seeking Alpha
Sentiment: Positive

Discover the 3 dividend-paying powerhouses I'd trust to fund a lifetime of passive income. These high-yield investments combine safety, growth, and tax efficiency like few others. Learn why I believe these picks could anchor a durable dividend retirement portfolio.

Read More
image for news The Best REIT, BDC, And MLP To Retire On
Why MPLX LP (MPLX) is a Top Stock for the Long-Term
MPLX
Published: November 07, 2025 by: Zacks Investment Research
Sentiment: Positive

The Zacks Focus List offers investors a way to easily find top-rated stocks and build a winning investment portfolio. Here's why you should take advantage.

Read More
image for news Why MPLX LP (MPLX) is a Top Stock for the Long-Term
MPLX Beats Q3 Earnings Estimates, Hikes Quarterly Distribution
MPLX
Published: November 05, 2025 by: Zacks Investment Research
Sentiment: Positive

MPLX posts strong Q3 results with higher earnings and revenues, and a 12.5% distribution hike amid volume and rate gains.

Read More
image for news MPLX Beats Q3 Earnings Estimates, Hikes Quarterly Distribution
MPLX LP (MPLX) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
MPLX
Published: November 05, 2025 by: Zacks Investment Research
Sentiment: Positive

Although the revenue and EPS for MPLX LP (MPLX) give a sense of how its business performed in the quarter ended September 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Read More
image for news MPLX LP (MPLX) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
MPLX LP Common Units (MPLX) Q3 2025 Earnings Call Transcript
MPLX
Published: November 04, 2025 by: Seeking Alpha
Sentiment: Neutral

MPLX LP Common Units ( MPLX ) Q3 2025 Earnings Call November 4, 2025 9:30 AM EST Company Participants Kristina Kazarian - Vice President of Finance & Investor Relations - MPLX GP LLC Maryann Mannen - President, CEO & Director of MPLX GP LLC Carl Hagedorn - Executive VP, CFO & Director of MPLX GP LLC Gregory Floerke - Executive VP & COO of MPLX GP LLC Shawn Lyon - Senior Vice President of Logistics & Storage - MPLX GP LLC Conference Call Participants John Mackay - Goldman Sachs Group, Inc., Research Division Manav Gupta - UBS Investment Bank, Research …

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image for news MPLX LP Common Units (MPLX) Q3 2025 Earnings Call Transcript
My Top MLP And BDC I'd Buy For Retirement Income
EPD, ET, FDUS, MPLX, PAA, WES
Published: November 03, 2025 by: Seeking Alpha
Sentiment: Positive

There is a theory that says investors have to allocate capital towards the highest risk-adjusted return opportunities (e.g., where the Sharpe ratio is the highest). The return is defined as expected price gain and received income, while the risk is defined as expected share price volatility. Yet, as an income investor, I approach these variables differently. Return is defined as expected income, and risk is defined as the probability of income cut.

Read More
image for news My Top MLP And BDC I'd Buy For Retirement Income
MPLX to Report Q3 Earnings: Here's What Investors Should Know
MPLX
Published: October 31, 2025 by: Zacks Investment Research
Sentiment: Negative

MPLX's Q3 results are expected to face pressure over reduced volumes, likely due to sluggish production growth in key basins.

Read More
image for news MPLX to Report Q3 Earnings: Here's What Investors Should Know
Wall Street Analysts See MPLX LP (MPLX) as a Buy: Should You Invest?
MPLX
Published: October 31, 2025 by: Zacks Investment Research
Sentiment: Neutral

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

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image for news Wall Street Analysts See MPLX LP (MPLX) as a Buy: Should You Invest?
10 Ideal 'Safer' Dividend Buys From 38 Of 68 October Graham Value All-Stars (GVAS)
BBVA, BMY, CMCSA, EOG, EPD, ET, HMC, ITUB, LX, MFC, MPLX, OKE, PFE, SU, T, TFC, UPS, VICI, VZ, WB, YRD
Published: October 30, 2025 by: Seeking Alpha
Sentiment: Positive

The article analyzes the top large-cap value (GASV) stocks using YCharts' Value Score and Ben Graham Formula to identify fair-priced, high-yield dividend opportunities. Ten of eighteen 'safer' lowest-priced GASV stocks, including ET, MPLX, YRD, VZ, BMY, TFC, T, SU, MFC, and BBVA, are considered buyable in October. Analyst projections suggest the top ten GASV stocks could deliver average net gains of 38.01% by October 2026, with Lexinfintech Holdings leading potential returns.

Read More
image for news 10 Ideal 'Safer' Dividend Buys From 38 Of 68 October Graham Value All-Stars (GVAS)
MPLX LP (MPLX) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates
MPLX
Published: October 30, 2025 by: Zacks Investment Research
Sentiment: Positive

Besides Wall Street's top-and-bottom-line estimates for MPLX LP (MPLX), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2025.

Read More
image for news MPLX LP (MPLX) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates
MPLX LP Increases Quarterly Distribution
MPLX
Published: October 28, 2025 by: PRNewsWire
Sentiment: Neutral

FINDLAY, Ohio , Oct. 28, 2025 /PRNewswire/ -- The board of directors of the general partner of MPLX LP (NYSE: MPLX) has declared a quarterly cash distribution of $1.0765 per common unit for the third quarter of 2025, or $4.31 on an annualized basis. This represents a 12.5% increase, or $0.12 increase per common unit, over the second quarter 2025 distribution.

Read More
image for news MPLX LP Increases Quarterly Distribution
MPLX: Compelling Upside And Yield
MPLX
Published: October 23, 2025 by: Seeking Alpha
Sentiment: Positive

MPLX LP (MPLX) remains a Strong Buy, offering a 7.7% forward distribution yield and significant upside based on DDM valuation. MPLX's fundamentals are intact, with improved cash from operations and stable profitability despite a recent earnings miss and temporary revenue dip. MPLX is well-positioned to balance attractive distributions and growth investments, supported by low leverage and strong operating leverage.

Read More
image for news MPLX: Compelling Upside And Yield
An Excellent 5-Fund Dividend Portfolio I'd Build To Retire On
AMLP, EPD, ET, JEPQ, MLPA, MPLX, PAA, PFF, PFFA, QQQI, SCHD, UTF, UTG, VST, WES, XLU
Published: October 17, 2025 by: Seeking Alpha
Sentiment: Positive

A simple five-fund portfolio for high yield, growth, and diversification. Earn 7–9% income while still beating inflation through dividend growth. Here's how to build a simple retirement portfolio for lasting income.

Read More
image for news An Excellent 5-Fund Dividend Portfolio I'd Build To Retire On
5 Elite Dividend Stocks Wall Street Loves Today (AGNC, CVX, MPLX, PH, VZ)
AGNC, CVX, MPLX, PH, VZ
Published: October 13, 2025 by: 24/7 Wall Street
Sentiment: Positive

There is a fairly broad demographic of investors who are happy with steady growth and the bonus of a dependable dividend for their portfolios.

Read More
image for news 5 Elite Dividend Stocks Wall Street Loves Today (AGNC, CVX, MPLX, PH, VZ)
From The Discount Rack To Your Portfolio: Two 8%+ Yielders
BIZD, BND, EPD, ET, JAAA, MPLX, MSDL, PAA, SPY, TBIL, WES
Published: October 10, 2025 by: Seeking Alpha
Sentiment: Positive

The chances for a notable correction are certainly not low. Going into richly priced and growth-focused names might not be the smartest idea. Yet, sitting on sidelines might come with some serious opportunity costs.

Read More
image for news From The Discount Rack To Your Portfolio: Two 8%+ Yielders
How I Would Build An Ultra-High-Conviction Retirement Portfolio Right Now
AM, CBOE, CGDV, CSWC, DIVO, ELS, EME, FIX, FVR, GE, ICAP, JEPQ, KMI, KRC, LB, LHX, LLY, MO, MPLX, MSFT, NVDA, O, ODFL, OWL, PFXF
Published: October 03, 2025 by: Seeking Alpha
Sentiment: Neutral

Building a resilient retirement portfolio requires a mix of disruption-proof income from REITs, midstream energy, and high-yielding assets, plus growth stocks and ETFs. Current market challenges—AI disruption, weak job market, inflation risks—make long-term planning difficult, but also highlight the need for self-reliance and diversification. Core portfolio holdings should include large, proven REITs, natural gas midstream companies, select high-yield stocks, BDCs, preferred equity ETFs, and actively managed income funds.

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image for news How I Would Build An Ultra-High-Conviction Retirement Portfolio Right Now

About MPLX Lp (MPLX)

  • IPO Date 2012-10-26
  • Website https://www.mplx.com
  • Industry Oil & Gas Midstream
  • CEO Maryann T. Mannen
  • Employees 6200

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.