MPLX LP (MPLX)

NYSE: MPLX · IEX Real-Time Price · USD
33.74
+0.49 (1.47%)
At close: Nov 29, 2022 4:00 PM
33.70
-0.04 (-0.12%)
After-hours: Nov 29, 2022 4:21 PM EST
1.47%
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]

Industry Oil, Gas & Consumable Fuels
IPO Date Oct 26, 2012
CEO Michael Hennigan
Employees 2,021
Stock Exchange NYSE
Ticker Symbol MPLX
Full Company Profile

Financial Performance

Financial Statements

Analyst 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.

Price Target
$38.51
(14.14% upside)
Analyst Consensus: Buy
Stock Forecasts

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).

Other symbols: DCPWMB
4 days ago - Zacks Investment Research

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.

4 days ago - Zacks Investment Research

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.

Other symbols: DKLENBEPDMMP
2 weeks ago - The Motley Fool

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.

3 weeks ago - Zacks Investment Research

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...

Other symbols: MPC
4 weeks ago - PRNewsWire

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...

Other symbols: MPC
4 weeks ago - PRNewsWire

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...

4 weeks ago - PRNewsWire

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.

1 month ago - Zacks Investment Research

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).

Other symbols: DCPWMB
1 month ago - Zacks Investment Research

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.

Other symbols: DCPDKL
1 month ago - Zacks Investment Research

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.

Other symbols: PBR
1 month ago - The Motley Fool

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.

2 months ago - Zacks Investment Research

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).

Other symbols: EPDPBFX
2 months ago - Zacks Investment Research

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.

2 months ago - PRNewsWire

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...

2 months ago - PRNewsWire

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?

2 months ago - Zacks Investment Research

This Energy Stock Is a Must-Own for Any Dividend Investor

The little-known stock offers a solid yield of more than 8%.

3 months ago - The Motley Fool

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.

3 months ago - Zacks Investment Research

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.

Other symbols: EPDETKSS
3 months ago - Benzinga

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 ...

3 months ago - PRNewsWire

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...

3 months ago - PRNewsWire

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 ...

3 months ago - PRNewsWire

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.

3 months ago - Investors Business Daily

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 months ago - Zacks Investment Research

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%.

Other symbols: HEPPAA
4 months ago - InvestorPlace