MPLX LP (MPLX)
| Market Cap | 52.11B |
| Revenue (ttm) | 11.04B |
| Net Income (ttm) | 4.29B |
| Shares Out | 1.02B |
| EPS (ttm) | 4.24 |
| PE Ratio | 12.07 |
| Forward PE | 11.92 |
| Dividend | $3.83 (7.48%) |
| Ex-Dividend Date | Nov 8, 2024 |
| Volume | 1,175,384 |
| Open | 50.75 |
| Previous Close | 50.81 |
| Day's Range | 50.68 - 51.24 |
| 52-Week Range | 36.94 - 51.94 |
| Beta | 1.39 |
| Analysts | Buy |
| Price Target | 49.09 (-4.03%) |
| 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 $49.09, which is a decrease of -4.03% from the latest price.
News
MPLX Should Benefit From Deregulation And Increased Drilling, Yielding Over 7%
MPLX LP is poised to benefit from increased drilling and deregulation under Former President Trump's administration, enhancing its growth initiatives and takeaway capacity. MPLX's strong financial pos...
MPLX: The Golden Midstream Energy Era Is Just Getting Started
MPLX is entering a golden era where midstream energy plays have reasserted their sector leadership. MPLX is well-positioned with its strategic partnership with MPC, and diversification across to the e...
MPLX Is Arguably The Best High-Yield High-Growth Investment There Is
MPLX has arguably the most complete package of all income investments. We discuss why MPLX is such a great high-yield, high-growth investment. We also discuss the risks facing MPLX right now.
Here's My Single Favorite Place To Buy Income
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How To Invest $1 Million For Sustainable Retirement Passive Income
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2 High-Yielding Cash Cows For A Comfortable Retirement
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7-8% Yields: 3 Of My Favorite, High-Yield Blue Chips For 2025
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Beat Inflation Like A Pro: Unstoppable Dividend Picks You Can't Miss
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Buy The Drop On These Amazing Dividend Bargains
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MPLX: A Top Midstream Play For 2025
MPLX is a fast-growing midstream energy company with strong distributable cash flow and consistent excess dividend coverage, offering a 7% dividend yield. The company has two core segments, Logistics ...
Big Dividends Ahead: Where I'd Invest $10,000 In 2025
I share my $10,000 dividend investment strategy for 2025, focusing on stocks with income potential and long-term growth prospects. These picks prioritize reliable dividends, strong fundamentals, and r...
Worried About Higher For Longer? Sleep Well With This 7%-Yielding Portfolio
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7-8% Yields Are Crashing: 1 To Avoid And 2 To Buy
The Federal Reserve's slower-than-expected rate cuts led to a market sell-off, hitting high-yield stocks hard, but also creating buying opportunities. However, not all high-yielding dividend growth st...
Retirement-Ready Income: 5 Dividend Gems I'd Buy If I Were 65
Dividend investing can provide reliable income and peace of mind in retirement. I share five standout picks perfect for a retirement-ready portfolio. These stocks offer strong yields, consistent growt...
MPLX's Excess Cash Dynamic Slows, Lower Prices Might Be Coming
MPLX's excess net cash growth has slowed. Market dynamics can lead to overvaluation despite strong business fundamentals. Investors should be cautious of price movements and consider valuation when ma...
MPLX Continues To Be A Worthwhile Investment
MPLX LP boasts a nearly $50 billion market cap, an 8% dividend yield, and strong growth opportunities, making it a valuable long-term investment. The company has achieved robust EBITDA and DCF growth,...
Golden Buying Opportunity: 7-8% Yields Growing 10%+ Per Year
Dividend growth stocks typically offer high yields and low growth, low yields and high growth, or moderate yields with moderate growth. However, once in a great while, a high-quality business can be b...
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...
How Donald Trump's Tariffs Could Impact High-Yield Stocks
President-elect Donald Trump's proposed tariffs have ignited significant uncertainty for the economy and markets. We take a look at how they will likely impact various high-yield sectors. We also shar...
Buying No-Brainer Dividends For The 'Best Four Years Ever'
Scott Bessent's predictions for a Trump presidency suggest economic growth, driven by tariffs as a threat, energy expansion, and manufacturing revival. Trump's second term may focus on broad economic ...
MPLX: 8% Yield And Strong Dividend Growth
MPLX LP has shown strong performance in 2024, with a high distribution yield of nearly 8% and potential for continued aggressive payout growth. The recent US Presidential election, favoring Donald Tru...
Bargain Hunting In A Pricey Market: 2 High-Yield Dividend Picks That Have Me Hooked
With markets surging, finding high-yield bargains can feel impossible. Yet, opportunities still exist for disciplined, value-focused investors. My strategy targets strong, dividend-paying businesses t...
Hit The Income, Buyback And Growth Trifecta With These 2 Picks
Finding high and durable income producing assets is still possible, but the universe of such picks is clearly shrinking. Yet, if the goal is to capture buybacks and income growth on top of high and pr...
Potential $5,000 Monthly Income: 10 Investments To Buy And Hold For Next 10 Years
We present a highly diversified yet simple portfolio of 10 positions, with 9 funds and one individual MLP stock. The portfolio has been designed for retirees and investors planning for retirement, wit...