MPLX LP (MPLX)
| Market Cap | 48.17B |
| Revenue (ttm) | 11.04B |
| Net Income (ttm) | 4.29B |
| Shares Out | 1.02B |
| EPS (ttm) | 4.24 |
| PE Ratio | 11.15 |
| Forward PE | 10.98 |
| Dividend | $3.83 (8.10%) |
| Ex-Dividend Date | Nov 8, 2024 |
| Volume | 3,197,008 |
| Open | 46.00 |
| Previous Close | 46.14 |
| Day's Range | 46.00 - 47.39 |
| 52-Week Range | 36.28 - 51.94 |
| Beta | 1.38 |
| Analysts | Buy |
| Price Target | 48.82 (+3.26%) |
| Earnings Date | Feb 4, 2025 |
About MPLX
MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. It operates in two segments, Logistics and Storage, and Gathering and Processing. 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 residue gas and con... [Read more]
Financial Performance
In 2023, MPLX LP's revenue was $10.68 billion, a decrease of -4.09% compared to the previous year's $11.14 billion. Earnings were $3.81 billion, an increase of 0.45%.
Financial StatementsAnalyst Forecast
According to 11 analysts, the average rating for MPLX stock is "Buy." The 12-month stock price forecast is $48.82, which is an increase of 3.26% from the latest price.
News
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MPLX's Excess Cash Dynamic Slows, Lower Prices Might Be Coming
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MPLX Continues To Be A Worthwhile Investment
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Golden Buying Opportunity: 7-8% Yields Growing 10%+ Per Year
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MPLX LP to Report Fourth-Quarter and Full-Year Financial Results on February 4, 2025
FINDLAY, Ohio , Dec. 11, 2024 /PRNewswire/ -- MPLX LP (NYSE: MPLX) will host a conference call on Tuesday, February 4, 2025, at 9:30 a.m. EST to discuss 2024 fourth-quarter and full-year financial res...
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The Higher They Soar, The More I Buy
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MPLX Vs. Western Midstream: Two Highest Yielding MLPs, One Is Superior
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Two 8% Dividend Yields To Let The Compounding Do Its Magic
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MPLX: Strong Q3 Earnings Reinforce Bullish Case
MPLX LP benefits from solid industry tailwinds, including rising U.S. energy demand and its position as a leading midstream player. Impressive financial resilience with record adjusted EBITDA, strateg...
MPLX LP Common Units (MPLX) Q3 2024 Earnings Call Transcript
MPLX LP Common Units (NYSE:MPLX) Q3 2024 Earnings Conference Call November 5, 2024 9:30 AM ET Company Participants Kristina Kazarian - Vice President Finance and Investor Relations Maryann T. Mannen ...
Structuring Portfolio To Achieve Durable 7% Yield With 7% Income Growth
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MPLX LP Reports Third-Quarter 2024 Financial Results
FINDLAY, Ohio , Nov. 5, 2024 /PRNewswire/ -- Third -quarter net income attributable to MPLX of $1.0 billion and net cash provided by operating activities of $1.4 billion $1.7 billion of adjusted EBITD...
MPLX: Distributions Increasing Despite Deteriorating Outlook
MPLX has delivered strong returns to unit holders, but future earnings growth may be limited due to weakening oil output and refining margins. MPLX is sheltered from short-term commodity volume fluctu...
MPLX LP Increases Quarterly Distribution
FINDLAY, Ohio , Oct. 29, 2024 /PRNewswire/ -- The board of directors of the general partner of MPLX LP (NYSE: MPLX) has declared a quarterly cash distribution of $0.9565 per common unit for the third ...
MPLX: I Am Bullish Heading Into Earnings And The Next Distribution Increase
I am bullish on MPLX stock due to its strong financial performance, pipeline expansions, and the favorable macroeconomic environment supporting increased energy demand. MPLX's efficient operations and...
8%-Yielding Cash Cows To Make Money While You Sleep
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MPLX: Strong Momentum, But Units Near Fair Value (Rating Downgrade)
MPLX LP units are rated a hold due to fair valuation despite strong technicals and a high 7.7% distribution yield. MPLX has shown robust financial performance with consecutive earnings beats, solid EB...