MPLX LP (MPLX)

Currency in USD
59.29
-1.22(-2.02%)
Closed·
59.64+0.35(+0.59%)
·
Trading near 52-week High
High dividend Yield
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Fair Value
Day's Range
59.2460.95
52 wk Range
47.8060.95
Key Statistics
Prev. Close
60.51
Open
60.83
Day's Range
59.24-60.95
52 wk Range
47.8-60.95
Volume
1.86M
Average Volume (3m)
1.71M
1-Year Change
16.5749%
Book Value / Share
13.86
Fair Value
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Fair Value Upside
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MPLX Scorecardpro icon
Company’s Health
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Fair Value
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Fair Price
Upside
Price Target
60.92
Upside
+2.75%
Members' Sentiments
Bearish
Bullish
ProTips
Trading at a high P/E ratio relative to near-term earnings growth

MPLX LP News & Analysis

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Technical Analysis

Summary
Strong Sell
Sell
Neutral
Buy
Strong Buy
Neutral
Technical Indicators
Sell
Moving Averages
Neutral

Analyst Ratings

7 Buy
7 Hold
1 Sell
Ratings:
15 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 60.92
(+2.75% Upside)
Firm
ArticlePositionPrice TargetUpside / DownsideFrom Price TargetActionDate
Wells Fargo
Buy63.00+6.26%61.00MaintainAug 05, 2026
Wolfe Research
Hold---DowngradeJul 29, 2026
Wells Fargo
Buy61.00+2.88%-New CoverageJun 29, 2026
Morgan Stanley
Hold60.00+1.20%62.00MaintainMay 20, 2026
Barclays
Buy59.00-0.49%58.00MaintainMay 14, 2026

MPLX LP Earnings Call Summary for Q2/2026

  • MPLX Q2 revenue hit $3.31B, beating forecasts by 4.42%; EPS of $1.06 missed by $0.01. Adjusted EBITDA rose 5% YoY to $1.8B despite Rockies sale.
  • Company raised 2026 capex guidance by $500M to $2.9B, accelerating Gulf Coast fractionation project spending originally planned for early 2027.
  • MPLX expects 12.5% distribution growth in both 2026 and 2027, maintaining 1.3x coverage ratio. Returned over $1.1B to unitholders in Q2.
  • Multiple major projects on track: Titan II, Blackcomb, BANGL expansion, and Eiger Express expected online in Q4 2026, supporting mid-single-digit EBITDA growth.
  • Shares traded at $59.21, up 0.5% near 52-week high of $60. Management projects stronger H2 2026 results with Q4 expected to be strongest quarter.
Last Updated: 2026/08/04, 16:44
Read Full Transcript

Earnings

Latest Release
Aug 04, 2026
EPS / Forecast
1,06 / 1,07
Revenue / Forecast
3,31B / 3,17B
EPS Revisions
Last 90 days

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 4.65%
Dividend Yield
7.12%
Industry Median 4.12%
Annualised payout
4.31
Paid unevenly
5-Years Growth
+8.77%
Growth Streak

MPLX Income Statement

Compare MPLX to Peers and Sector

Metrics to compare
MPLX
Peers
Sector
Relationship
P/E Ratio
13.0x25.3x5.5x
PEG Ratio
1.251.340.00
Price/Book
4.4x5.2x1.1x
Price / LTM Sales
5.1x5.1x1.4x
Upside (Analyst Target)
−0.3%15.6%30.0%
Fair Value Upside
Unlock2.1%8.6%Unlock

MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. It operates in two segments, Crude Oil and Products Logistics; and Natural Gas and NGL Services. 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 condensate. It also engages in inland marine businesses, comprising fleet of boats and barges transport light products, heavy oils, crude oil, renewable fuels, chemicals, and feedstocks in the Mid-Continent and Gulf Coast regions, as well as a marine repair facility located on the Ohio River; and distribution of fuel, as well as operates refining logistics, terminals, rail facilities, and storage caverns. In addition, it operates terminal facilities for the receipt, storage, blending, additization, handling, and redelivery of refined petroleum products through the pipeline, rail, marine, and truck transportation. MPLX GP LLC acts as the general partner of MPLX LP. The company was incorporated in 2012 and is headquartered in Findlay, Ohio. MPLX LP operates as a subsidiary of Marathon Petroleum Corporation.

Ownership

Ownership Overview

Type
Common Stock Held% of Shares OutstandingMarket Value
Mutual Funds & ETFs
99,03M9,76%5,83B
Other Institutional Investors
753,80M74,29%44,41B
Public Companies & Retail Investors
161,90M15,96%9,54B
Total
1,01B100,00%59,78B

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
Marathon Petroleum Corporation63,80%647 415 45238 139 244
ALPS ETF Trust - Alerian MLP ETF2,77%28 131 0401 657 200

FAQ

What Is the MPLX LP (MPLX) Stock Price Today?

The MPLX LP stock price today is 59,29 USD.

What Stock Exchange Does MPLX LP Trade On?

MPLX LP is listed and trades on the New York Stock Exchange.

What Is the Stock Symbol for MPLX LP?

The stock symbol for MPLX LP is "MPLX."

Does MPLX LP Pay Dividends? What’s The Current Dividend Yield?

The MPLX LP dividend yield is 7.26%.

What Is the MPLX LP Market Cap?

As of today, MPLX LP market cap is 61,40B USD.

What Is MPLX LP's Earnings Per Share (TTM)?

The MPLX LP EPS (TTM) is 4,65.

When Is the Next MPLX LP Earnings Date?

MPLX LP will release its next earnings report on Nov 03, 2026.

From a Technical Analysis Perspective, Is MPLX a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Buy.

How Many Times Has MPLX LP Stock Split?

MPLX LP has split 0 times.

What is the current trading status of MPLX LP (MPLX)?

As of Aug 05, 2026, MPLX LP (MPLX) is trading at a price of 59,29 USD, with a previous close of 60,51 USD. The stock has fluctuated within a day range of 59,24 USD to 60,95 USD, while its 52-week range spans from 47,80 USD to 60,95 USD.

What Is MPLX LP (MPLX) Price Target According to Analysts?

The average 12-month price target for MPLX LP is 60,92 USD, with a high estimate of 73 USD and a low estimate of 54 USD. 7 analysts recommend buying the stock, while 1 suggest selling, leading to an overall rating of Buy. The stock has an +2,75% Upside potential.

What Is the MPLX Premarket Price?

MPLX's last pre-market stock price is 60,76 USD. The pre-market share volume is 3 600,00, and the stock has decreased by 0,25, or 0,41%.

What Is the MPLX After Hours Price?

MPLX's last after hours stock price is 59,64 USD, the stock has decreased by 0,35, or 0,59%.
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