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MPLX LP (MPLX)

59.67 +0.33 (+0.56%)
At close: September 4 at 4:00:03 PM EDT
59.41 -0.26 (-0.44%)
After hours: 8:00:00 PM EDT
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What's happening with MPLX?

8m ago
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MPLX reported strong Q2 results with $1.06 EPSand $3.31 billionrevenue, exceeding expectations. However, the stock is down 0.5%since the earnings report, facing challenges from rising debt and capital costs while announcing plans for 12.5% distribution increasesin 2026 and 2027.

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  • Previous Close 59.34
  • Open 59.28
  • Bid 59.66 x 50000
  • Ask 59.82 x 100000
  • Day's Range 58.94 - 59.77
  • 52 Week Range 47.80 - 60.95
  • Volume 1,007,057
  • Avg. Volume 1,410,598
  • Market Cap (intraday) 60.497B
  • Beta (5Y Monthly) 0.46
  • PE Ratio (TTM) 12.75
  • EPS (TTM) 4.68
  • Earnings Date (est.) Nov 3, 2026
  • Forward Dividend & Yield 4.31 (7.26%)
  • Ex-Dividend Date Aug 7, 2026
  • 1y Target Est 62.67

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.

www.mplx.com

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Full Time Employees

December 31

Fiscal Year Ends

Energy

Sector

Recent News

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Performance Overview

Trailing total returns as of 9/4/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

MPLX
18.33%
S&P 500 (^GSPC)
12.75%

1-Year Return

MPLX
26.95%
S&P 500 (^GSPC)
18.71%

3-Year Return

MPLX
117.20%
S&P 500 (^GSPC)
70.93%

5-Year Return

MPLX
215.13%
S&P 500 (^GSPC)
70.18%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q1 FY26
Revenue 2.81B
Earnings 912M
Profit Margin 32.50%

Q2

FY25

Q3

FY25

Q4

FY25

Q1

FY26

0
1B
2B
35.0%
40.0%
45.0%
50.0%

Analyst Insights

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Analyst Price Targets

54.00 Low
62.67 Average
59.67 Current
73.00 High

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell

Latest Rating

Date 8/21/2026
Analyst RBC Capital
Rating Action Maintains
Rating Outperform
Price Action Raises
Price Target 60 -> 64

Statistics

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Valuation Measures

Annual
  • Market Cap

  • Enterprise Value

  • Trailing P/E

  • Forward P/E

  • PEG Ratio (5yr expected)

  • Price/Sales (ttm)

  • Price/Book (mrq)

  • Enterprise Value/Revenue

  • Enterprise Value/EBITDA

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    39.28%

  • Return on Assets (ttm)

    7.25%

  • Return on Equity (ttm)

    33.69%

  • Revenue (ttm)

    12.03B

  • Net Income Avi to Common (ttm)

    4.72B

  • Diluted EPS (ttm)

    4.68

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    1.03B

  • Total Debt/Equity (mrq)

    183.36%

  • Levered Free Cash Flow (ttm)

    1.37B

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