MPLX LP (MPLX)
| Market Cap | 50.58B |
| Revenue (ttm) | 11.04B |
| Net Income (ttm) | 4.29B |
| Shares Out | 1.02B |
| EPS (ttm) | 4.24 |
| PE Ratio | 11.71 |
| Forward PE | 11.52 |
| Dividend | $3.83 (7.72%) |
| Ex-Dividend Date | Nov 8, 2024 |
| Volume | 1,797,305 |
| Open | 50.51 |
| Previous Close | 50.56 |
| Day's Range | 49.41 - 50.52 |
| 52-Week Range | 35.51 - 51.94 |
| Beta | 1.38 |
| Analysts | Buy |
| Price Target | 48.73 (-1.79%) |
| Earnings Date | Jan 28, 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 $48.73, which is a decrease of -1.79% from the latest price.
News
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...
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The Higher They Soar, The More I Buy
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Up To 8% Yield: Three Of My Favorite High-Yield Picks
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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
One of the main drawbacks of high durable income investing is the opportunity cost that comes from reduced income growth potential. However, as I have shown in this article, by being very selective, i...
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...
2 Magnificent 8-10% Yields I'm Buying In October
The strong September jobs report suggests a robust economy, benefiting high-yield investments like Blackstone Secured Lending and MPLX LP. BXSL carries a conservatively managed, diversified portfolio ...
Midstream Energy - Relative Quality
Many midstream energy companies pay stable, well-supported distributions or dividends with yields well over 5%. The relative quality of twenty-nine midstream energy companies was evaluated by means of...
8 High Yields For A Big Dividend Snowball
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1 REIT And 1 MLP That Should Be At The Core Of Retirement Income Portfolio - Part 2
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ALPS Advisors Inc. Expands Stake in EnLink Midstream LLC
On September 30, 2024, ALPS Advisors Inc., a prominent asset management firm, made a significant addition to its investment portfolio by acquiring 2,773,743 shares of EnLink Midstream LLC (ENLC, Finan...
Bargain Dividends: 3 Of The Most Attractive Picks On The Market
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MPLX LP: A Good Second-Tier Energy Play
MPLX LP remains a "buy" due to consistent revenue and profit growth, attractive pricing, and low leverage compared to peers. The company saw a 37.4% increase in shares since September 2023, outperform...