MPLX LP (MPLX)

NYSE: MPLX · Real-Time Price · USD
49.62
-0.94 (-1.86%)
At close: Dec 4, 2024, 4:00 PM
49.34
-0.28 (-0.56%)
After-hours: Dec 4, 2024, 7:48 PM EST
-1.86%
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]

Sector Energy
IPO Date Oct 26, 2012
Employees 5,810
Stock Exchange NYSE
Ticker Symbol MPLX
Full Company Profile

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 Statements

Analyst 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.

Price Target
$48.73
(-1.79% downside)
Analyst Consensus: Buy
Stock Forecasts

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...

14 hours ago - Seeking Alpha

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...

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1 day ago - Seeking Alpha

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...

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3 days ago - Seeking Alpha

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...

11 days ago - Seeking Alpha

The Higher They Soar, The More I Buy

My favorite sector has performed extremely well in recent years. However, despite the incredible run it has been on, I think now is the best time yet to buy it. I share why and some of my top picks of...

Other symbols: AMLPCEGCVXDKLENBEPDET
13 days ago - Seeking Alpha

Up To 8% Yield: Three Of My Favorite High-Yield Picks

In a market filled with uncertainty and high valuations, finding reliable dividend stocks is key to securing steady income and long-term growth. Despite the elevated valuations, there are still high-y...

Other symbols: NNN
15 days ago - Seeking Alpha

MPLX Vs. Western Midstream: Two Highest Yielding MLPs, One Is Superior

MPLX LP and Western Midstream are top MLPs in the Alerian MLP ETF, accounting for over 25% of AMLP's assets under management. Both MPLX and WES offer the highest distribution yields in the MLP sector,...

Other symbols: WES
16 days ago - Seeking Alpha

Two 8% Dividend Yields To Let The Compounding Do Its Magic

My strategy focuses on high-yield securities with stable income streams to reduce stress, ensure stable investment progress, and limit capital impairment risk. The Top 3 criteria for security selectio...

Other symbols: MAIN
24 days ago - Seeking Alpha

8-10% Dividend Yields: If I Could Only Buy 3 In November 2024

Chasing yields above 10% is risky. 8-10% yields offer a sweet spot when combined with stable cash flows and strong balance sheets. I share three of these stocks that I really like right now.

27 days ago - Seeking Alpha

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...

4 weeks ago - Seeking Alpha

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 ...

4 weeks ago - Seeking Alpha

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...

Other symbols: ARECVXCWENEPDHTGCMAINO
4 weeks ago - Seeking Alpha

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...

Other symbols: MPC
4 weeks ago - PRNewsWire

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...

5 weeks ago - Seeking Alpha

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 ...

5 weeks ago - PRNewsWire

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...

5 weeks ago - Seeking Alpha

8%-Yielding Cash Cows To Make Money While You Sleep

Dividend-paying stocks like Energy Transfer and Ladder Capital offer high yields and diversification, making them attractive for income-focused investors. ET's robust growth is driven by strategic acq...

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6 weeks ago - Seeking Alpha

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...

6 weeks ago - Seeking Alpha

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 ...

Other symbols: BXSL
2 months ago - Seeking Alpha

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...

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2 months ago - Seeking Alpha

8 High Yields For A Big Dividend Snowball

Building a dividend snowball is a great way to compound wealth over the long term and achieve financial freedom. We discuss eight great candidates for building a big dividend snowball. These stocks co...

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2 months ago - Seeking Alpha

1 REIT And 1 MLP That Should Be At The Core Of Retirement Income Portfolio - Part 2

In real estate and midstream infrastructure segments, investors have some decent opportunities to find durable income plays. Even though these segments provide attractive tailwinds for income investin...

Other symbols: EPD
2 months ago - Seeking Alpha

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...

Other symbols: ENLCEPDETPAAWES
2 months ago - GuruFocus

Bargain Dividends: 3 Of The Most Attractive Picks On The Market

Despite high market valuations, opportunities still exist for dividend investors. Sectors left behind offer value and income potential for long-term growth. Energy stocks stand out with attractive val...

Other symbols: EBAYOXY
2 months ago - Seeking Alpha

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...

2 months ago - Seeking Alpha