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MPLX LP (MPLX)

NYSE: MPLX · Delayed Price · USD
28.99
+0.20 (0.70%)
After-hours:Sep 23, 2021 6:39 PM EDT
28.79
0.56 (1.98%)
At close: Sep 23, 4:00 PM
Market Cap28.95B
Revenue (ttm)9.23B
Net Income (ttm)2.68B
Shares Out1.03B
EPS (ttm)2.58
PE Ratio11.15
Forward PE9.65
Dividend$2.75 (9.55%)
Ex-Dividend DateAug 5, 2021
Volume2,284,694
Open28.26
Previous Close28.23
Day's Range28.26 - 28.89
52-Week Range13.40 - 30.63
Beta1.88
AnalystsBuy
Price Target32.88 (+14.2%)
Est. Earnings DateNov 2, 2021

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, exchange, storage, and marketing of natural gas liquids; transportation, storage, distribution, and marketing of crude oil and refined petroleum products, as well as other hydrocarbon-based products; and sale of residue gas an...

IndustryOil, Gas & Consumable Fuels
IPO DateOct 26, 2012
CEOMichael Hennigan
CountryUnited States
Stock ExchangeNYSE
Ticker SymbolMPLX
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 17 analysts, the average rating for MPLX LP stock is "Buy." The 12-month stock price forecast is 32.88, which is an increase of 14.21% from the latest price.

Price Target
$32.88
(14.21% upside)
Analyst Consensus: Buy

News

MPLX LP to Report Third-Quarter Financial Results November 2, 2021

FINDLAY, Ohio, Sept. 22, 2021 /PRNewswire/ -- MPLX LP (NYSE: MPLX), a master limited partnership sponsored by Marathon Petroleum Corp. (NYSE: MPC), will host a conference call on Tuesday, November 2, 20...

1 day ago - PRNewsWire

Midstream Buybacks Gain Traction on Free Cash Flow Recovery

The favorable macro environment has helped midstream energy operators like MPLX, PAA, and MMP to generate significant "excess cash", which they have been using to increase stockholder returns through bu...

Other symbols:ENLCMMPPAARTLRWMB
1 week ago - Zacks Investment Research

MPLX LP (MPLX) Up 5.8% Since Last Earnings Report: Can It Continue?

MPLX LP (MPLX) reported earnings 30 days ago. What's next for the stock?

2 weeks ago - Zacks Investment Research

Head to the Midstream for Inflation Protection

Inflation-fighting assets are getting ample attention this year as the Consumer Price Index (CPI) is in the midst of a multi-month rise. Hard assets possess an enviable track record of thriving during i...

Other symbols:AMLPET
3 weeks ago - ETF Trends

MPLX Stock Rises 1.5% Since Reporting In-Line Q2 Earnings

Increased segmental income from operations aids MPLX's Q2 earnings.

1 month ago - Zacks Investment Research

MPLX LP Announces Retirement of Pamela K.M. Beall; John J.

FINDLAY, Ohio, Aug. 4, 2021 /PRNewswire/ -- MPLX LP (NYSE: MPLX) today announced that Pamela K.M. Beall, Executive Vice President and Chief Financial Officer of MPLX GP LLC, will retire later this year ...

1 month ago - PRNewsWire

MPLX LP Reports Second-Quarter 2021 Financial Results

FINDLAY, Ohio, Aug. 4, 2021 /PRNewswire/ --  Reported net income attributable to MPLX of $706 million and adjusted EBITDA attributable to MPLX of $1.4 billion Generated $1.4 billion in net cash provided...

1 month ago - PRNewsWire

Why MPLX LP (MPLX) Might Surprise This Earnings Season

MPLX LP (MPLX) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

1 month ago - Zacks Investment Research

Whistler Pipeline Placed in Service

AUSTIN, Texas--(BUSINESS WIRE)--The Whistler Pipeline began full commercial service on July 1st, 2021 providing approximately 2.0 billion cubic feet per day (Bcf/d) of incremental natural gas transport ...

1 month ago - Business Wire

MPLX LP Announces Quarterly Distribution

FINDLAY, Ohio, July 27, 2021 /PRNewswire/ -- The board of directors of the general partner of MPLX LP (NYSE: MPLX) has declared a quarterly cash distribution of $0.6875 per common unit for the second qu...

1 month ago - PRNewsWire

Can MPLX Support Its Dividend?

The MLP currently yields almost 10%.

1 month ago - The Motley Fool

5 Stocks to Buy With Dividends Yielding More than 6%

These energy stocks can grow your dividend income exponentially.

Other symbols:ENBEPDOKEWMB
2 months ago - The Motley Fool

7 MLPs to Consider as Oil Prices Climb

These master limited partnerships (MLPs) are benefiting from a rebound in oil prices – and offer an interesting option for yield-starved investors.

Other symbols:AMLPEPDETHESMMMPSHLX
2 months ago - Kiplinger

MPLX LP to Report Second-Quarter Financial Results August 4, 2021

FINDLAY, Ohio, June 25, 2021 /PRNewswire/ -- MPLX LP (NYSE: MPLX) a master limited partnership sponsored by Marathon Petroleum Corp. (NYSE: MPC), will host a conference call on Wednesday, August 4, 2021...

Other symbols:MPC
2 months ago - PRNewsWire

MPLX shares represent an opportunity for dividend-oriented investors

MPLX (NYSE: MPLX) shares have been moving in an uptrend last several months, and the technical picture implies that the price could stabilize above $30 resistance this June. The oil price also remains s...

3 months ago - Invezz

4 Energy Master Limited Partnerships Pay Gigantic 8% and Higher Dividends

Oil has been somewhat range-bound as we head into summer in a few weeks, but the good thing for most oil producers is that over $60 a barrel, and closing in on $70, most are able to wring out very solid...

Other symbols:AMNRPSUN
3 months ago - 24/7 Wall Street

Final Trades: MPLX, Uber, Biotech & more

The "Halftime Report" traders give their top picks to watch for the second half.

Other symbols:UBER
3 months ago - CNBC Television

MPLX LP (MPLX) Up 1.4% Since Last Earnings Report: Can It Continue?

MPLX LP (MPLX) reported earnings 30 days ago. What's next for the stock?

3 months ago - Zacks Investment Research

Energy Stocks Are on Fire and These 5 Pay Lavish and Reliable Dividends

There has been a tsunami of Wall Street chatter recently about interest rates going higher.

Other symbols:CVXEPDETXOM
3 months ago - 24/7 Wall Street

Here's Why Momentum Investors Will Love MPLX LP (MPLX)

Does MPLX LP (MPLX) have what it takes to be a top stock pick for momentum investors? Let's find out.

3 months ago - Zacks Investment Research

MPLX LP (MPLX) Moves to Buy: Rationale Behind the Upgrade

MPLX LP (MPLX) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

3 months ago - Zacks Investment Research

MPLX LP (MPLX) Gains 2.7% Since Q1 Earnings Beat Estimates

Favorable average tariff rates aid MPLX LP's (MPLX) Q1 earnings.

4 months ago - Zacks Investment Research

3 Top Dividend Stocks for a Better Retirement

Retirees should consider these stable dividend stocks to provide reliable income in their investment portfolio.

Other symbols:ITWSNA
4 months ago - The Motley Fool

MPLX LP Reports First-Quarter 2021 Financial Results

FINDLAY, Ohio, May 4, 2021 /PRNewswire/ -- Reported net income attributable to MPLX of $739 million and adjusted EBITDA attributable to MPLX of $1.4 billion Generated $1.1 billion in net cash provided b...

4 months ago - PRNewsWire

MPLX LP Announces Quarterly Distribution

FINDLAY, Ohio, April 27, 2021 /PRNewswire/ -- The board of directors of the general partner of MPLX LP (NYSE: MPLX) has declared a quarterly cash distribution of $0.6875 per common unit for the first qu...

4 months ago - PRNewsWire