MPLX LP MPLX

56.80 (1.18) (2.04%) as of 25 Sep
Market cap
$58.8B
P/E
12.2×
Growth Flags show if company had growth for consecutive years

Insider Decisions

in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 64.27%

Capital & Financial Ratios

Market Cap 58,780.00
Revenue 13,221.00
Net Income 4,767.00
Free Cash Flow 4,314.00
Net Debt 24,609.00
Current Ratio 0.89
Debt/Equity 1.80
P/E ratio 12.22
P/S ratio 4.36
P/B ratio 4.05
Past 5Y EPS Growth 32.50%
This Y EPS Growth (11.08%)
Next Y EPS Growth 12.36%
Next 5Y EPS Growth 2.19%
in millions of $

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield 9.32%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 4.55
1.08
1.08
1.08
2025 3.95
0.96
0.96
0.96
1.08
2024 3.51
0.85
0.85
0.85
0.96
2023 3.18
0.78
0.78
0.78
0.85
2022 2.89
0.71
0.71
0.71
0.78
2021 2.06
0.69
0.69
0.69
0.58
2020 2.75
0.69
0.69
0.69
0.69
2019 2.65
0.65
0.66
0.67
0.68
2018 2.49
0.61
0.62
0.63
0.64
2017 2.21
0.52
0.54
0.56
0.59
2016 2.03
0.50
0.51
0.51
0.52
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 1,048 1,519 2,137 1,031
Receivables 823 718 735 672
Inventory 159 180 172 200
Other 778 859 950 973
2,808 3,276 3,994 2,876
2023 2024 2025 Q'26
Payables 153 147 108 155
ST’ Debt 1,135 1,693 1,502 1,251
Other 533 603 540 573
2,624 3,235 3,249 3,224
in millions of $

Compound Annual Growth

10y 5y 3y
Sales 28.00% 11.42% 3.83%
Cash Flow 30.05% 5.50% 5.59%
Earnings 47.76% 0.00% 8.79%
Book Value 4.16% 2.22% 5.01%

Revenue

Mar Jun Sep Dec Year
’26 3,038 3,312 — — —
’25 3,124 3,003 3,619 3,252 12,998
’24 2,846 3,052 2,972 3,063 11,933
’23 2,713 2,690 2,912 2,966 11,281
’22 2,610 2,940 3,401 2,662 11,613
’21 2,339 2,395 2,559 2,734 10,027
’20 992 2,081 2,247 2,249 7,569
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 1,347 1,702 — — —
’25 1,246 1,736 1,431 1,496 5,909
’24 1,291 1,565 1,415 1,675 5,946
’23 1,227 1,437 1,244 1,489 5,397
’22 1,125 1,487 1,039 1,368 5,019
’21 1,124 1,365 1,182 1,240 4,911
’20 1,009 1,105 1,222 1,185 4,521
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 776 877 — — —
’25 980 1,435 905 1,756 5,076
’24 1,036 1,352 1,135 1,368 4,891
’23 1,058 1,192 1,021 1,215 4,486
’22 959 1,426 805 1,107 4,297
’21 1,068 1,260 1,046 1,134 4,508
’20 669 780 959 986 3,394
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 0.90 1.06 — — —
’25 1.10 1.03 1.52 1.17 4.82
’24 0.98 1.15 1.01 1.07 4.21
’23 0.91 0.91 0.89 1.10 3.80
’22 0.78 0.83 1.36 0.78 3.75
’21 0.68 0.66 0.74 0.78 2.86
’20 (2.60) 0.58 0.61 0.63 (0.80)
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

2.4
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
16.34 30.88 28.32 22.60 6.87 21.66 27.47 32.25 36.58 44.60

Analyst estimates 2026–2028

Powerpack
Low Price
39.46 39.43 39.38 35.85 27.36 32.26 35.49 36.80 51.94 56.26
High Price
2,800 4,300 4,500 6,200 5,700 5,836 5,811 5,810 5,560 5,762
Employees
1 1 2 1 1 2 2 2 2 2
Revenue/Emp
3,029 3,867 7,005 9,041 7,569 10,027 11,613 11,281 11,933 12,998
Revenue
55.50% 56.09% 57.02% 58.94% 56.72% 57.78% 56.76% 58.71% 59.74% 60.60%
Gross Margin
422 837 2,014 1,462 (685) 3,113 3,986 3,977 4,367 4,960
EBT
13.93% 21.64% 28.75% 16.17% (9.05%) 31.05% 34.32% 35.25% 36.60% 38.16%
EBT Margin
434 836 2,006 1,462 (687) 3,112 3,978 3,966 4,357 4,952
Net Income
637 736 922 1,296 1,438 1,357 1,303 1,268 1,337 1,381
Depreciation
9.15 10.04 9.21 9.98 7.20 9.76 11.50 11.27 11.75 12.76
Revenue/Sh
0.00 1.07 2.29 1.00 (0.80) 2.86 3.75 3.80 4.21 4.82
Earnings/Sh
4.50 4.95 4.04 4.51 4.30 4.78 4.97 5.39 5.85 5.80
Cash Flow/Sh
(3.96) (3.65) (2.76) (2.62) (1.07) (0.39) (0.71) (0.91) (1.04) (0.82)
Capex/Sh
0.54 1.31 1.27 1.88 3.23 4.39 4.25 4.48 4.81 4.98
Free CF/Sh
33.57 25.90 23.30 18.34 12.39 11.74 12.42 12.68 13.59 14.26
Book Value/Sh
331 385 761 906 1,051 1,027 1,010 1,001 1,016 1,019
Shares
0.00 34.00 13.17 21.22 0.00 10.35 8.69 9.62 11.37 11.07
PE Ratio
3.85 3.59 3.29 2.55 3.01 3.03 2.83 3.25 4.07 4.18
PS Ratio
1.05 1.39 1.30 1.44 1.83 2.66 2.76 2.89 3.52 3.74
PB Ratio
5.23 5.38 5.84 4.73 5.67 4.88 4.52 4.97 5.70 5.99
EV/Sales
88.49 41.38 42.26 25.10 12.63 10.86 12.21 12.50 13.91 15.35
EV/FCF
1,491 1,907 3,071 4,082 4,521 4,911 5,019 5,397 5,946 5,909
Op' Cash Flow
(1,312) (1,404) (2,103) (2,378) (1,127) (403) (722) (911) (1,055) (833)
Capex
179 503 968 1,704 3,394 4,508 4,297 4,486 4,891 5,076
FCF
105 (745) (828) (648) (571) (1,841) (496) 184 41 745
Working Cap'
4,422 6,945 17,922 19,713 20,139 18,571 19,796 20,431 20,948 25,653
Total Debt
4,188 6,940 17,845 19,698 20,124 18,558 19,558 19,383 19,429 23,516
Net Debt
11,110 9,973 17,731 16,613 13,017 12,052 12,546 12,689 13,807 14,528
Sh' Equity
0.01% 2.22% 5.93% 2.34% (2.19%) 8.16% 10.72% 10.61% 11.59% 12.20%
ROA
2.79% 4.40% 4.79% 4.09% 0.40% 8.15% 9.56% 9.55% 9.94% 9.76%
ROIC
0.01% 3.90% 12.58% 5.54% (5.93%) 24.62% 32.64% 31.10% 32.38% 34.67%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

MPLX LP peers in Oil & Gas Midstream

All 58 Oil & Gas Midstream stocks →

MPLX LP (MPLX) key facts

  • MPLX LP (MPLX) is an Oil & Gas Midstream company in the Energy sector, listed on the New York Stock Exchange.
  • MPLX LP’s revenue for fiscal 2025 (year ended December 2025) was $13.0 billion, up 8.92% from fiscal 2024.
  • As of September 25, 2026, MPLX traded at $56.80, a market capitalization of $58.8 billion.
  • Return on equity was 34.7% and debt-to-equity 1.80.

Source: company filings (standardised) and stockrow calculations.

MPLX LP (MPLX) Latest News

News by impact score

Fine-tune

24 Sep

3

MPLX LP closed at $57.98, down 1.41% for the session, underperforming the broad market as the S&P 500 slipped 0.03% while the Dow fell 0.31% and the Nasdaq edged up 0.01%. Earlier trading, shares were down 0.86%, lagging the Oils-Energy sector (-0.34%) and the S&P 500 (+0.53%). The company will report earnings on November 3, 2026, with consensus estimates of $1.13 per share (a 25.66% YoY decline) and revenue around $3.3 billion (down 8.71% YoY). For the year, analysts expect $4.26 per share on $13.22 billion in revenue (down 11.62% and up 1.71%, respectively). MPLX carries a Zacks Rank of #3 (Hold), with a forward P/E of 13.82 vs. industry 18.87 and a PEG of 5.59 (industry average 1.82). Zacks notes 0.53% lower EPS revisions in the last 30 days. Projected YoY earnings decline and lower revenue plus a Hold rating suggest only a moderate near-term impact.

20 Sep

3

MPLX LP entered a joint venture with a rival pipeline operator in a development that drew no public attention. Joint venture with rival pipeline firm may modestly expand MPLX network reach and competitive ties without major immediate shifts.

17 Sep

4

MPLX LP targets 12.5% annual distribution increases through 2027, with potential positive effects on stock performance due to higher yields. Long-term distribution growth commitment signals strong cash flows and could drive sustained investor interest in the stock.

8 Sep

3

Marathon Petroleum receives bull of the day designation with positive investment outlook. Bullish note on Marathon Petroleum may lift MPLX via shared operations and sentiment.

31 Aug

3

Popular energy ETF carries hidden costs prompting recommendation to own three dividend stocks including MPLX LP instead for better performance. Recommendation of MPLX as ETF alternative may increase share demand and support price performance.

27 Aug

4

MPLX LP joins Permian to Gulf Coast gas pipeline venture after receiving final approval. Pipeline venture expands MPLX midstream infrastructure and long-term cash flow in core energy corridor.

3

MPLX could be 5% undervalued after Solitude Pipeline approval. Pipeline approval may moderately affect MPLX operations and valuation.

21 Aug

3

RBC analysts forecast stronger MPLX LP growth in 2027 from ramping projects. Analyst projection of 2027 growth from project ramps signals moderate positive effects on future performance.

20 Aug

3

MPLX stock trends on Wall Street due to recent market activity and company-specific developments drawing investor attention. Events may moderately influence MPLX market performance without major long-term shifts.

17 Aug

4

MPLX LP reaches final investment decision on Solitude Pipeline System to transport natural gas from the Permian Basin to the Gulf Coast. Major pipeline investment expands MPLX capacity and revenue potential from Permian to Gulf Coast markets.

11 Aug

4

MPLX LP completed a $2 billion debt offering and is pursuing additional acquisitions. Debt offering supplies major capital for acquisitions that can expand operations and alter growth trajectory.

10 Aug

3

Marathon Petroleum beat Q2 earnings estimates on strong refining margins. Marathon Petroleum earnings strength supports MPLX cash flow stability as its sponsor.

3

MPLX LP growth projects face higher capital risks, prompting questions on whether the stock remains worth buying amid potential impacts to returns and operations. Higher capital risks tied to growth projects may moderately affect MPLX financial performance and investor sentiment without fundamentally altering its trajectory.

7 Aug

3

MPLX LP beat Q2 earnings estimates on strong oil pricing and cost controls. Earnings beat from pricing strength and cost discipline supports modestly improved near-term financial results and sentiment for MPLX.

5 Aug

3

MPLX LP posted Q2 earnings and revenues above estimates, fueled by higher gas and NGL volumes. Quarterly beat on volume growth supports better near-term results but lacks signals of major strategic change.

3 transcript

MPLX LP held its Q2 earnings call covering financial results, operational updates on midstream assets, distribution levels, and segment performance in natural gas and crude logistics. Quarterly earnings updates supply standard financial metrics that may shift near-term sentiment without altering long-term company trajectory.

4 Aug

4 transcript

MPLX LP posted record volumes in its Q2 2026 earnings call, fueled by strategic expansion initiatives that enhance operational scale and future growth prospects. Record volumes combined with strategic expansions indicate major operational gains likely to lift financial results and investor outlook.

3

MPLX LP conducted its Q2 2026 earnings call, covering financial results, operational updates, and forward guidance for the midstream energy partnership. Quarterly earnings results and guidance typically influence near-term investor views and valuation without reshaping long-term strategy.

3

MPLX LP reported second-quarter 2026 financial results. Quarterly earnings releases deliver performance metrics that can shift near-term investor sentiment and valuation.

13 Jul

4

Oil pipeline boom is converting AMLP into a high-yield income vehicle, setting up quarterly distribution increases for holdings including MPLX. Pipeline expansion cycle lifts MPLX midstream cash flows and supports sustained distribution growth.

2 Jun

4

MPLX LP expands Permian operations prompting fresh valuation assessment for the midstream partnership. Permian expansion moves strengthen MPLX asset base and cash flow outlook.

22 May

3

MPLX LP revises targets and throughput expectations, shifting prior operational and financial projections for the midstream operator. Revised targets and throughput expectations can adjust MPLX financial forecasts and near-term sentiment without altering core business model.

16 May

3

Barclays identifies an increasingly constructive environment for MPLX LP, pointing to improved conditions supporting the company's operations and outlook. Barclays positive view signals better sector conditions that could lift MPLX investor sentiment and near-term performance without major structural change.

13 May

3

MPLX LP reported mixed Q1 2026 earnings, prompting a valuation review amid a project-driven outlook. Mixed Q1 2026 earnings moderately affect financial performance, balanced by project-driven outlook.

12 May

4

MPLX LP Q1 earnings call highlights robust financial performance, increased distributions, strong segment results in logistics and storage, and optimistic outlook driven by midstream demand. Q1 earnings highlights detail strong financials, distribution hikes, and positive guidance, likely boosting investor confidence and stock trajectory.

8 May

3

MPLX LP's Q1 earnings missed analyst estimates due to higher costs and expenses. Q1 earnings miss from higher costs impacts financial performance and market sentiment moderately in the near term.

6 May

4

MPLX LP reported Q1 earnings with key metrics analyzed against estimates. Q1 earnings metrics versus estimates signal potential shifts in financial health and investor confidence for MPLX.

3

MPLX LP reported Q1 earnings with key metrics analyzed against analyst estimates. Q1 earnings metrics versus estimates moderately affect financial performance and investor sentiment.

5 May

4 transcript

MPLX LP released the transcript of its Q1 2026 earnings call. Earnings call transcripts disclose quarterly financials, operational updates, and guidance that significantly shape investor expectations and stock trajectory.

3

MPLX LP released Q1 2026 earnings call summary detailing financial results, operational updates, and future outlook. Q1 2026 earnings call summary affects financial performance and investor sentiment moderately.

stockrow.com/MPLX · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com