MPLX LP (MPLX)
Market Cap | 35.07B |
Revenue (ttm) | 11.47B |
Net Income (ttm) | 4.00B |
Shares Out | 1.00B |
EPS (ttm) | 3.96 |
PE Ratio | 8.85 |
Forward PE | 9.22 |
Dividend | $3.10 (8.85%) |
Ex-Dividend Date | Aug 3, 2023 |
Volume | 10,758,143 |
Open | 35.03 |
Previous Close | 34.92 |
Day's Range | 35.00 - 35.43 |
52-Week Range | 28.56 - 35.85 |
Beta | 1.40 |
Analysts | Buy |
Price Target | 39.88 (+13.85%) |
Earnings Date | Oct 31, 2023 |
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; gathering, storage, transportation, and distribution of crude oil and refined products, as well as other hydrocarbon-based products; and sale of residue gas and condensa... [Read more]
Financial Performance
In 2022, MPLX LP's revenue was $11.61 billion, an increase of 15.82% compared to the previous year's $10.03 billion. Earnings were $3.82 billion, an increase of 29.94%.
Financial StatementsAnalyst Forecast
According to 8 analysts, the average rating for MPLX stock is "Buy." The 12-month stock price forecast is $39.88, which is an increase of 13.85% from the latest price.
News

MPLX LP to Report Third-Quarter Financial Results on October 31, 2023
FINDLAY, Ohio , Sept. 12, 2023 /PRNewswire/ -- MPLX LP (NYSE: MPLX) will host a conference call on Tuesday, October 31, 2023, at 9:30 a.m.

MPLX LP 2022 K-3 tax packages now available on company website
FINDLAY, Ohio , Sept. 11, 2023 /PRNewswire/ -- MPLX LP (NYSE: MPLX) today announced that the company's 2022 Schedule K-3 investor tax packages reflecting items of international tax relevance are now a...

MPLX's second quarter earnings rise as throughputs rise
MPLX reported slightly higher earnings for the second quarter of 2023 on Tuesday as the U.S. midstream company transported greater volumes of energy products through its pipeline systems.

MPLX LP Reports Second-Quarter 2023 Financial Results
FINDLAY, Ohio , Aug. 1, 2023 /PRNewswire/ -- Reported second-quarter net income attributable to MPLX of $933 million and generated net cash provided by operating activities of $1,437 million Adjusted ...

MPLX LP Announces Quarterly Distribution
FINDLAY, Ohio , July 25, 2023 /PRNewswire/ -- The board of directors of the general partner of MPLX LP (NYSE: MPLX) has declared a quarterly cash distribution of $0.775 per common unit for the second ...

MPLX LP to Report Second-Quarter Financial Results on August 1, 2023
FINDLAY, Ohio , June 13, 2023 /PRNewswire/ -- MPLX LP (NYSE: MPLX) will host a conference call on Tuesday, August 1, 2023, at 9:30 a.m. EDT to discuss 2023 second-quarter financial results.

MPLX LP Reports First-Quarter 2023 Financial Results
FINDLAY, Ohio , May 2, 2023 /PRNewswire/ -- First -quarter net income attributable to MPLX of $943 million and net cash provided by operating activities of $1,227 million, up 14% and 9%, respectively,...

MPLX LP 2022 K-1 tax packages now available on company website
FINDLAY, Ohio , March 16, 2023 /PRNewswire/ -- MPLX LP (NYSE: MPLX) today announced that the company's 2022 investor tax packages are now available on its website, https://www.mplx.com. Investors may ...

MPLX LP to Report First-Quarter Financial Results on May 2, 2023
FINDLAY, Ohio , March 9, 2023 /PRNewswire/ -- MPLX LP (NYSE: MPLX) will host a conference call on Tuesday, May 2, 2023, at 9:30 a.m. EDT to discuss 2023 first-quarter financial results.

MPLX LP files 2022 Form 10-K
FINDLAY, Ohio , Feb. 23, 2023 /PRNewswire/ -- MPLX LP (NYSE: MPLX) today filed with the U.S. Securities and Exchange Commission its Annual Report on Form 10-K for the year ended Dec. 31, 2022. The fil...

3 Top-Performing Energy MLPs Deliver Price Gains, High Yield
Pipeline operators Enterprise Product Partners L.P. (NYSE: EPD), Energy Transfer L.P.

MPLX LP prices $1.6 billion senior notes offering
FINDLAY, Ohio , Feb. 2, 2023 /PRNewswire/ -- MPLX LP (NYSE: MPLX) announced today that it has priced $1,600,000,000 in aggregate principal amount of senior notes in an underwritten public offering con...

MPLX LP Reports Fourth-Quarter and Full-Year 2022 Financial Results
FINDLAY, Ohio , Jan. 31, 2023 /PRNewswire/ -- Fourth -quarter net income attributable to MPLX of $816 million and full-year net income of $3.9 billion Fourth -quarter adjusted EBITDA attributable to M...

MPLX LP to Report Fourth-Quarter and Full-Year Financial Results on January 31, 2023
FINDLAY, Ohio , Dec. 16, 2022 /PRNewswire/ -- MPLX LP (NYSE: MPLX) will host a conference call on Tuesday, January 31, 2023, at 9:30 a.m. EST to discuss 2022 fourth-quarter and full-year financial res...

MPLX LP Reports Third-Quarter 2022 Financial Results
FINDLAY, Ohio , Nov. 1, 2022 /PRNewswire/ -- Reported third-quarter net income attributable to MPLX of $1,428 million; includes $509 million non-cash lease reclassification gain Reported adjusted EBIT...

Marathon Petroleum Corp. Reports Third-Quarter 2022 Results
FINDLAY, Ohio , Nov. 1, 2022 /PRNewswire/ -- Net income attributable to MPC of $4.5 billion , or $9.06 per diluted share; reported adjusted net income of $3.9 billion, or $7.81 per diluted share Adjus...

MPLX LP Increases Quarterly Distribution
FINDLAY, Ohio , Nov. 1, 2022 /PRNewswire/ -- The board of directors of the general partner of MPLX LP (NYSE: MPLX) has declared a quarterly cash distribution of $0.775 per common unit for the third qu...

MPLX LP to Report Third-Quarter Financial Results on November 1, 2022
FINDLAY, Ohio , Sept. 14, 2022 /PRNewswire/ -- MPLX LP (NYSE: MPLX) will host a conference call on Tuesday, November 1, 2022, at 9:30 a.m.

MPLX LP 2021 K-3 tax packages now available on company website
FINDLAY, Ohio , Sept. 13, 2022 /PRNewswire/ -- MPLX LP (NYSE: MPLX) today announced that the company's 2021 Schedule K-3 investor tax packages reflecting items of international tax relevance are now a...

Carolina Panthers Owner David Tepper's Hedge Fund Owns These 5 Big Dividend Stocks
David Tepper, the owner of the Carolina Panthers and founder of Appaloosa Management, has become a self-made billionaire through the hedge fund he manages and the gains from his stock portfolio.

MPLX LP announces redemption of senior notes
FINDLAY, Ohio , Aug. 15, 2022 /PRNewswire/ -- MPLX LP (NYSE: MPLX) today announced the redemption of (i) all of the $500 million outstanding aggregate principal amount of MPLX's 3.500% senior notes du...

MPLX LP prices $1.0 billion senior notes offering
FINDLAY, Ohio , Aug. 8, 2022 /PRNewswire/ -- MPLX LP (NYSE: MPLX) announced today that it has priced $1,000,000,000 in aggregate principal amount of 4.950% senior notes due 2032 (the "Notes") in an un...

MPLX LP Reports Second-Quarter 2022 Financial Results
FINDLAY, Ohio , August 2, 2022 /PRNewswire/ -- Reported second-quarter net income attributable to MPLX of $875 million and adjusted EBITDA attributable to MPLX of $1.5 billion Generated $1.5 billion i...

MPLX LP to Report Second-Quarter Financial Results on August 2, 2022
FINDLAY, Ohio , June 16, 2022 /PRNewswire/ -- MPLX LP (NYSE: MPLX) will host a conference call on Tuesday, August 2, 2022, at 9:30 a.m. EDT to discuss 2022 second-quarter financial results.

7 Best Energy Stocks To Buy With Over 6% Dividend Yields: Ecopetrol, Energy Transfer LP And More
One of the only sectors of the market that is skyrocketing amid broad market weakness in 2022 is the energy sector. Oil, natural gas and coal prices have soared as the war in Ukraine combined with sur...