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

MPLX LP (MPLX) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, MPLX LP (MPLX) trades at a price to free cash flow of 14.0×. Over the past ten years it has ranged from 0.0× (December 2016) to 213× (July 2016); the current reading is higher than 59% of that period. That is above the Oil & Gas Midstream industry median of 8.5× and above the Energy sector median of 8.9×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 10.7× 7.77%
FY2024 9.9× 21.50%
FY2023 8.2× 6.85%
FY2022 7.7× 13.60%
FY2021 6.7× 0.55%
FY2020 6.7× (50.47%)
FY2019 13.5× (43.17%)
FY2018 23.8× (13.65%)
FY2017 27.6× (57.62%)
FY2016 65.1× 58.67%

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 13.9× 5.12%
Jun 2026 13.3× 11.47%
Mar 2026 11.9× 10.97%
Dec 2025 10.7× (1.32%)
43 more quarters

Against its own ten years

Low 0.0× High 213×
Ten-year median 11.1×
Current reading's percentile 59

Price to free cash flow against peers

Company Price to free cash flow
WMB Williams Companies, Inc. (The) compare n/m
ET Energy Transfer LP compare 9.9×
MPLX MPLX LP 14.0×
LNG Cheniere Energy, Inc. compare 15.3×
EPD Enterprise Products Partners L.P. compare 17.3×
OKE ONEOK, Inc. compare 21.6×
TRP TC Energy Corporation compare 22.3×
KMI Kinder Morgan, Inc. compare 25.5×
TRGP Targa Resources, Inc. compare 62.7×
Oil & Gas Midstream industry median 8.5×
Energy sector median 8.9×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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