MPLX LP owns and operates energy infrastructure and midstream logistics assets primarily in the United States.
| Revenue (TTM) | $12.03B |
| Gross Profit (TTM) | $6.70B |
| EBITDA | $6.11B |
| Operating Margin | 38.30% |
| Return on Equity | 33.70% |
| Return on Assets | 7.25% |
| Revenue/Share (TTM) | $11.84 |
| Book Value | $13.83 |
| Price-to-Book | 4.29 |
| Price-to-Sales (TTM) | 5.03 |
| EV/Revenue | 7.3 |
| EV/EBITDA | 11.61 |
| Quarterly Earnings Growth (YoY) | 3.20% |
| Quarterly Revenue Growth (YoY) | 10.60% |
| Shares Outstanding | $1.01B |
| Float | $364.75M |
| % Insiders | 64.03% |
| % Institutions | 19.71% |
Volatility is currently contracting
High midstream yields look tempting until a payout cut wipes out a year of income, so the real question is not the yield itself but whether the cash flow behind it can actually survive a rough quarter.
MPLX LP (MPLX) reported earnings 30 days ago. What's next for the stock?
Certain high-yield investments quietly hand thousands of dollars to the IRS every single year, and most investors holding them in taxable accounts have never stopped to calculate exactly how much they are surrendering before reinvesting a single cent.
As noted last week, midstream MLPs and corporations broadly raised full-year financial guidance following a strong second quarter. Looking ahead, the sector's growth runway is accelerating.
If you hold the Alerian MLP ETF (NYSEARCA:AMLP) for its fat energy income, you are hardly alone. AMLP has become the default one-ticker way to own a basket of pipeline master limited partnerships without the K-1 tax paperwork.
ET edges MPLX on valuation, price gains, analyst optimism and growth projections, backed by fee-based cash flows and rising power demand.
Midstream energy is quietly having a moment.
At the 24% federal ordinary-income bracket, a portfolio throwing off $50,000 a year in non-qualified dividend income hands $12,000 straight to the IRS every filing season.
MPLX stock is making headlines amid a spate of midstream dividend hikes, among other reasons. Enthusiasm for natural gas liquids (NGLs) is another reason investors are eyeballing this midstream stock.
FINDLAY, Ohio, Aug. 17, 2026 /PRNewswire/ -- MPLX LP (NYSE: MPLX) today announced that the company's 2025 Schedule K-3 investor tax packages reflecting items of international tax relevance are now available on its website, https://www.mplx.com. Investors may select the Investor Data link under the Investors tab or use the following link: https://www.taxpackagesupport.com/mplxlp.
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