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Friday 6 November 2026 Export MPLX’s income statement to Excel — free account

MPLX LP

MPLX Energy Oil & Gas Midstream

MPLX LP’s revenue for fiscal 2025 (year ended December 2025) was $13.0 billion, up 8.92% from fiscal 2024.

Revenue
−0.39%
EPS
−23.8%
Free cash flow
−23.8%
Total debt
+3.75%

Quarter to September 2026, against a year earlier

56.63 0.38 +0.68%
Market cap
$57.3B
P/E
13.2×
Fwd P/E
14.0×
Dividend yield
9.74%
F-score
7/9
Altman Z
n/a
Beneish M
−2.57
Dividend safety
33/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

MPLX LP (MPLX) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, MPLX LP (MPLX) trades at a EV/EBITDA of 11.8×. Over the past ten years it has ranged from 6.9× (December 2015) to 140× (June 2020); the current reading is higher than 65% of that period. That is above the Oil & Gas Midstream industry median of 9.0× and above the Energy sector median of 6.2×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 10.6× 3.54%
FY2024 10.3× 12.96%
FY2023 9.1× 7.71%
FY2022 8.4× (7.74%)
FY2021 9.2× (64.81%)
FY2020 26.0× 123.33%
FY2019 11.6× 3.89%
FY2018 11.2× 3.74%
FY2017 10.8× (9.98%)
FY2016 12.0× (31.54%)

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 11.7× 4.96%
Jun 2026 11.2× (2.07%)
Mar 2026 11.4× 7.13%
Dec 2025 10.6× 1.83%
43 more quarters

Against its own ten years

Low 6.9× High 140×
Ten-year median 10.9×
Current reading's percentile 65

EV/EBITDA against peers

Company EV/EBITDA
ET Energy Transfer LP compare 7.9×
LNG Cheniere Energy, Inc. compare 9.9×
EPD Enterprise Products Partners L.P. compare 10.6×
OKE ONEOK, Inc. compare 10.8×
MPLX MPLX LP 11.8×
KMI Kinder Morgan, Inc. compare 12.8×
TRP TC Energy Corporation compare 13.4×
TRGP Targa Resources, Inc. compare 13.4×
WMB Williams Companies, Inc. (The) compare 15.6×
Oil & Gas Midstream industry median 9.0×
Energy sector median 6.2×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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