MPLX LP (MPLX)
| Market Cap | 28.95B |
| Revenue (ttm) | 9.23B |
| Net Income (ttm) | 2.68B |
| Shares Out | 1.03B |
| EPS (ttm) | 2.58 |
| PE Ratio | 11.15 |
| Forward PE | 9.65 |
| Dividend | $2.75 (9.55%) |
| Ex-Dividend Date | Aug 5, 2021 |
| Volume | 2,284,694 |
| Open | 28.26 |
| Previous Close | 28.23 |
| Day's Range | 28.26 - 28.89 |
| 52-Week Range | 13.40 - 30.63 |
| Beta | 1.88 |
| Analysts | Buy |
| Price Target | 32.88 (+14.2%) |
| Est. Earnings Date | Nov 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...
Financial Performance
Financial StatementsAnalyst 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.
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...
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...
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?
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...
MPLX Stock Rises 1.5% Since Reporting In-Line Q2 Earnings
Increased segmental income from operations aids MPLX's Q2 earnings.
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 ...
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...
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.
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 ...
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...
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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...
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...
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Final Trades: MPLX, Uber, Biotech & more
The "Halftime Report" traders give their top picks to watch for the second half.
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?
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.
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.
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.
MPLX LP (MPLX) Gains 2.7% Since Q1 Earnings Beat Estimates
Favorable average tariff rates aid MPLX LP's (MPLX) Q1 earnings.
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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...
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...