MPLX LP (MPLX)
|Net Income (ttm)||3.83B|
|Ex-Dividend Date||Nov 14, 2022|
|Day's Range||33.34 - 33.74|
|52-Week Range||27.47 - 35.49|
|Price Target||38.51 (+14.1%)|
|Earnings Date||Nov 1, 2022|
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 PerformanceFinancial Statements
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.
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).
Being a leading midstream energy player, MPLX has the least exposure to commodity price fluctuations.
Higher contributions from logistics and storage operations, and the gathering and processing business aid MPLX's earnings in Q3.
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...
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...
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...
Higher contributions from midstream operations are likely to have aided MPLX's Q3 earnings.
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).
MPLX LP (MPLX), DCP Midstream Partners (DCP) and Delek Logistics Partners (DKL) are among the best inflation-protected investments in today's markets.
There aren't a lot of stocks that have produced the kind of dividend income that MPLX and Petrobras have over the past year.
MPLX's business model is relatively low-risk, signifying considerably lower exposure to oil and gas price and volume risks.
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).
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.
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...
MPLX LP (MPLX) reported earnings 30 days ago. What's next for the stock?
The little-known stock offers a solid yield of more than 8%.
Higher contributions from logistics and storage operations, and the gathering and processing business aid MPLX's earnings in Q2.
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.
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 ...
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...
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 producers will be reporting quarterly results this week, coming on the heels of energy giants Exxon Mobil, Chevron and Shell all posting record profits.
MPLX LP (MPLX) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Master limited partnerships, otherwise known as MLPs, are appealing for income investors. MLPs widely offer high distribution yields above 5%.