MPLX LP (MPLX)
| Market Cap | 57.91B +16.9% |
| Revenue (ttm) | 12.03B +4.8% |
| Net Income | 4.72B +9.7% |
| EPS | 4.65 +10.6% |
| Shares Out | 1.01B |
| PE Ratio | 12.29 |
| Forward PE | 12.39 |
| Dividend | $4.31 (7.54%) |
| Ex-Dividend Date | Aug 7, 2026 |
| Volume | 1,742,736 |
| Open | 57.75 |
| Previous Close | 57.46 |
| Day's Range | 56.63 - 57.76 |
| 52-Week Range | 48.29 - 60.95 |
| Beta | 0.48 |
| Analysts | Buy |
| Price Target | 62.69 (+9.75%) |
| Earnings Date | Nov 3, 2026 |
About MPLX
MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. It operates in two segments, Crude Oil and Products Logistics; and Natural Gas and NGL Services. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, 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 renewables; and sale of resi... [Read more]
Financial Performance
In 2025, MPLX LP's revenue was $11.82 billion, an increase of 6.35% compared to the previous year's $11.11 billion. Earnings were $4.91 billion, an increase of 14.67%.
Financial StatementsAnalyst Summary
According to 15 analysts, the average rating for MPLX stock is "Buy." The 12-month stock price target is $62.69, which is an increase of 9.75% from the latest price.
News
Midstream Free Cash Flow Drives Growth & Capital Returns
Over the past decade, the North American midstream universe has undergone a significant transformation. This has been driven in large part by companies' increased free cash flow generation.
Potential Diesel Export Curbs Manageable for Midstream
In recent days, energy discussions and headlines have been dominated by the potential for a U.S. diesel export ban. The U.S. is a major exporter of diesel, including to Europe, which has been hit hard...
MPLX LP to Report Third-Quarter Results on November 3, 2026
FINDLAY, Ohio, Sept. 17, 2026 /PRNewswire/ -- MPLX LP (NYSE: MPLX) will host a conference call on Tuesday, November 3, 2026, at 9:30 a.m.
MPLX resumed with a Hold at Stifel
Stifel resumed coverage of MPLX (MPLX) with a Hold rating and $65 price target MPLX is executing a wellhead-to-water strategy, tying a growing G&P and egress footprint into a future…
MPLX price target raised to $64 from $60 at RBC Capital
RBC Capital analyst Elvira Scotto raised the firm’s price target on MPLX (MPLX) to $64 from $60 and keeps an Outperform rating on the shares. The company’s asset footprint with…
MPLX LP 2025 K-3 tax packages now available on company website
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 ava...
WhiteWater-led venture approves Permian-to-Texas gas pipeline project
Infrastructure company WhiteWater and its joint venture partners Devon Energy , MPLX , Diamondback Energy and Western Midstream Partners said on Monday they had reached a final investment decision (...
Solitude Pipeline System JV reaches positive Final Investment Decision
WhiteWater announced that it, together with Devon Energy (DVN), MPLX LP (MPLX), Diamondback Energy (FANG) and Western Midstream Partners (WES), through their Solitude Pipeline System joint venture, ha...
SOLITUDE PIPELINE SYSTEM REACHES FINAL INVESTMENT DECISION TO TRANSPORT GAS FROM THE PERMIAN BASIN TO THE GULF COAST
AUSTIN, Texas, Aug. 17, 2026 /PRNewswire/ -- WhiteWater today announced that it, together with Devon Energy Corporation (NYSE: DVN), MPLX LP (NYSE: MPLX), Diamondback Energy, Inc. (NASDAQ: FANG) and W...
MPLX price target raised to $66 from $60 at Morgan Stanley
Morgan Stanley raised the firm’s price target on MPLX (MPLX) to $66 from $60 and keeps an Equal Weight rating on the shares.
MPLX LP prices $2.25 billion senior notes offering
FINDLAY, Ohio, Aug. 10, 2026 /PRNewswire/ -- MPLX LP (NYSE: MPLX) announced today that it has priced $2.25 billion in aggregate principal amount of unsecured senior notes in an underwritten public off...
MPLX price target raised to $63 from $59 at Barclays
Barclays analyst Theresa Chen raised the firm’s price target on MPLX (MPLX) to $63 from $59 and keeps an Overweight rating on the shares. The firm adjusted midstream and refining…
MPLX price target raised to $63 from $61 at Wells Fargo
Wells Fargo analyst Praneeth Satish raised the firm’s price target on MPLX (MPLX) to $63 from $61 and keeps an Overweight rating on the shares. The firm notes the company…
MPLX LP Earnings Call Transcript: Q2 2026
Adjusted EBITDA grew 5% year-over-year to $1.8 billion in Q2 2026, driven by strong segment performance and project execution. Capital spending was raised to $2.9 billion, with sequential EBITDA growth expected through 2026 and continued 12.5% distribution increases planned.
MPLX LP Earnings release: Q2 2026
MPLX LP released its Q2 2026 earnings on August 4, 2026, summarizing the period's financial results.
MPLX LP Slides: Q2 2026
MPLX LP has posted slides in relation to its Q2 2026 quarterly earnings report, which was published on August 4, 2026.
MPLX LP Quarterly report: Q2 2026
MPLX LP has published its Q2 2026 quarterly earnings report on August 4, 2026.
MPLX LP Reports Second-Quarter 2026 Financial Results
FINDLAY, Ohio, Aug. 4, 2026 /PRNewswire/ -- Executing Natural Gas and NGL value chain growth strategy; Harmon Creek III processing plant beginning operations in August; progressing expansion of Permia...
MPLX downgraded to Peer Perform from Outperform at Wolfe Research
Wolfe Research downgraded MPLX (MPLX) to Peer Perform from Outperform without a price target The firm says its thesis on the shares “has drifted” and is now too dependent on…
MPLX LP Announces Quarterly Distribution
FINDLAY, Ohio, July 28, 2026 /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 second ...
MPLX LP to Report Second-Quarter Results on August 4, 2026
FINDLAY, Ohio, June 16, 2026 /PRNewswire/ -- MPLX LP (NYSE: MPLX) will host a conference call on Tuesday, August 4, 2026, at 9:30 a.m. EDT to discuss 2026 second-quarter financial results.
These 2 stocks pay 7% dividends: analysts say buy them now
Investors are still chasing artificial intelligence winners, but the market mood is not as simple as the trend suggests. Growth stocks remain in demand, while inflation concerns, volatile oil prices a...
MPLX price target lowered to $60 from $62 at Morgan Stanley
Morgan Stanley lowered the firm’s price target on MPLX (MPLX) to $60 from $62 and keeps an Equal Weight rating on the shares.
MPLX price target raised to $59 from $58 at Barclays
Barclays analyst Theresa Chen raised the firm’s price target on MPLX (MPLX) to $59 from $58 and keeps an Overweight rating on the shares. The firm sees an “increasingly constructive…