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MPLX LP (MPLX)

58.93 +0.82 (+1.41%)
At close: October 28 at 4:00:02 PM EDT
59.11 +0.18 (+0.31%)
Pre-Market: 7:31:04 AM EDT
Trade MPLX LP on Coinbase
Dividend
MPLX announced a cash dividend of $1.211 with an ex-date of Nov. 6, 2026
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What's happening with MPLX?

18m ago
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MPLX announced two incoming directors and raised its quarterly distribution to $1.2111 per common unit, payable November 13. The distribution increase strengthens MPLX’s income profile, while upcoming quarterly results will test cash-flow durability and earnings expectations.

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  • Previous Close 58.11
  • Open 58.44
  • Bid --
  • Ask 59.93 x 40000
  • Day's Range 58.20 - 58.93
  • 52 Week Range 50.22 - 60.95
  • Volume 1,061,837
  • Avg. Volume 1,328,318
  • Market Cap (intraday) 59.747B
  • Beta (5Y Monthly) 0.48
  • PE Ratio (TTM) 12.67
  • EPS (TTM) 4.65
  • Earnings Date Nov 3, 2026
  • Forward Dividend & Yield 4.84 (8.22%)
  • 1y Target Est 62.92
  • Morningstar Rating Rating available with Stock Picks access

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 10/28/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

MPLX
16.86%
S&P 500 (^GSPC)
13.13%

1-Year Return

MPLX
25.47%
S&P 500 (^GSPC)
12.38%

3-Year Return

MPLX
110.36%
S&P 500 (^GSPC)
88.08%

5-Year Return

MPLX
199.18%
S&P 500 (^GSPC)
68.48%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q1 FY26
Revenue 3.04B
Earnings 912M
Profit Margin 30.02%

Q2

FY25

Q3

FY25

Q4

FY25

Q1

FY26

0
1B
2B
3B
35.0%
40.0%

Analyst Insights

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Analyst Price Targets

54.00 Low
62.92 Average
58.93 Current
73.00 High

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell

Latest Rating

Date 10/13/2026
Analyst Morgan Stanley
Rating Action Maintains
Rating Equal-Weight
Price Action Lowers
Price Target 66 -> 64

Statistics

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Valuation Measures

Annual
  • Market Cap

  • Enterprise Value

  • Trailing P/E

  • Forward P/E

  • PEG Ratio (current)

  • 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)

    4.65

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    1.03B

  • Total Debt/Equity (mrq)

    183.36%

  • Levered Free Cash Flow (ttm)

    1.37B

Company Insights

Research Reports

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