MPLX LP (MPLX)
| Market Cap | 33.49B |
| Revenue (ttm) | 11.69B |
| Net Income (ttm) | 3.83B |
| Shares Out | 1.01B |
| EPS (ttm) | 3.76 |
| PE Ratio | 8.97 |
| Forward PE | 10.79 |
| Dividend | $2.89 (8.57%) |
| Ex-Dividend Date | Nov 14, 2022 |
| Volume | 815,002 |
| Open | 33.41 |
| Previous Close | 33.25 |
| Day's Range | 33.34 - 33.74 |
| 52-Week Range | 27.47 - 35.49 |
| Beta | 1.47 |
| Analysts | Buy |
| Price Target | 38.51 (+14.1%) |
| Earnings Date | Nov 1, 2022 |
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
Financial StatementsAnalyst Forecast
According to 19 analysts, the average rating for MPLX stock is "Buy." The 12-month stock price forecast is 38.51, which is an increase of 14.14% from the latest price.
News
3 Midstream Stocks to Gain in a Volatile Energy Market
Amid heightened volatility, it would be wise for investors to keep an eye on midstream stocks like DCP Midstream (DCP), The Williams Companies (WMB) and MPLX LP (MPLX).
Why it is Worth Adding MPLX Stock to Your Portfolio Now
Being a leading midstream energy player, MPLX has the least exposure to commodity price fluctuations.
The Top High-Yield Energy Stocks to Buy With $100
If you are looking for yield in the energy sector, these five sub-$100 stocks are all worth a close look.
MPLX Beats Q3 Earnings Estimates, Hikes Distribution by 10%
Higher contributions from logistics and storage operations, and the gathering and processing business aid MPLX's earnings in Q3.
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 EBITDA...
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 Adjuste...
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 quar...
Factors to Pay Attention to Ahead of MPLX's Q3 Earnings Release
Higher contributions from midstream operations are likely to have aided MPLX's Q3 earnings.
Here's Why We Should Bet on Midstream Stocks to Beat Volatility
Amid heightened volatility, it would be wise for investors to bet on midstream stocks like DCP Midstream (DCP), The Williams Companies (WMB) and MPLX LP (MPLX).
Get Inflation Protection With These 3 Energy Pipeline Stocks
MPLX LP (MPLX), DCP Midstream Partners (DCP) and Delek Logistics Partners (DKL) are among the best inflation-protected investments in today's markets.
2 Ultra-High-Yielding Oil Stocks to Buy With $1,000
There aren't a lot of stocks that have produced the kind of dividend income that MPLX and Petrobras have over the past year.
Here's Why MPLX is an Attractive Investment Bet Right Now
MPLX's business model is relatively low-risk, signifying considerably lower exposure to oil and gas price and volume risks.
Bet on 3 Midstream Stocks as Energy Market Remains Volatile
Amid heightened volatility, it would be wise for investors to bet on midstream stocks like Enterprise Products Partners (EPD), PBF Logistics (PBFX) and MPLX (MPLX).
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 ava...
Why Is MPLX LP (MPLX) Up 1.2% Since Last Earnings Report?
MPLX LP (MPLX) reported earnings 30 days ago. What's next for the stock?
This Energy Stock Is a Must-Own for Any Dividend Investor
The little-known stock offers a solid yield of more than 8%.
MPLX Gains 3.1% on Q2 Earnings Beat, Boosts Unit Buyback
Higher contributions from logistics and storage operations, and the gathering and processing business aid MPLX's earnings in Q2.
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 due ...
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 unde...
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 in ...
Shale Oil Stocks Drop Ahead Of Quarterly Earnings
Shale oil producers will be reporting quarterly results this week, coming on the heels of energy giants Exxon Mobil, Chevron and Shell all posting record profits.
Should You Buy MPLX LP (MPLX) Ahead of Earnings?
MPLX LP (MPLX) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
3 Master Limited Partnerships to Buy With High Yields
Master limited partnerships, otherwise known as MLPs, are appealing for income investors. MLPs widely offer high distribution yields above 5%.