MPLX Lp

MPLX | NYSE

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$59.10

-$0.34 (-0.57%)

Sep 21, 2026, 12:33 PM ET · Market open

Overview Rating Statistics Financials Earnings Analysts Ownership Dividends Profile

-0.57%

(1D)

Rating

Updated: Sep 19, 2026

54.8

Fundamentals Strong

Market Sentiment Neutral

Moat Narrow

Full Analysis

Key Statistics

Market Data

Market Cap $59.98B

1D Range

58.83 59.60

52W Range

47.80 60.95

Valuation (TTM)

PE 12.78

PB 4.30

EV/EBITDA 11.61

Valuation (NTM)

Forward PE 11.85

Forward PEG 1.03

Price Target $63.80

Cash Flow

FCF Yield 7.3%

SBC Adj. FCF Yield 7.3%

SBC Impact N/A

Margins

Gross Margin 52.2%

Operating Margin 42.9%

FCF Margin 34.4%

Growth (CAGR)

Revenue 3Y | 5Y 7.8% | 8.0%

Dil EPS 3Y | 5Y 5.2% | 12.5%

FCF 3Y | 5Y 2.4% | 1.1%

Returns

ROA 11.0%

ROE 33.4%

ROIC 13.4%

Financial Health

Net Debt

$24.61B

Current Ratio 0.89

Interest Coverage 4.87

Dividends

Div Yield 7.25%

Payout Ratio 92.6%

FCF Payout Ratio 118.2%

All Key Statistics

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Profile

MPLX LP, incorporated in 2012 and headquartered in Findlay, Ohio, operates as a subsidiary of Marathon Petroleum Corporation, with MPLX GP LLC serving as its general partner. The company is a prominen...

Sector Energy

Industry Oil & Gas Midstream

Employees 5,762

IPO Date Oct 25, 2012

Website www.mplx.com

Fiscal Year January - December

Full Company Profile

Latest News

13 hours ago · seekingalpha.com

MPLX: Superior Distribution Growth Justifies Premium Multiple

MPLX is rapidly expanding its natural gas and crude oil platform, especially in the Permian Basin, and stands out for its balanced business model. MPLX delivered mid-single-digit year-over-year EBITDA growth in Q2 and maintains a strong 1.3x distribution coverage ratio, supporting further distribution increases. Trading at 11.8x EBITDA, MPLX offers up to 11% upside, with a fair value range of $60.65–$65.70 based on superior distribution growth.

1 day ago · fool.com

This Overlooked Pipeline Stock Just Became a Rival's Joint-Venture Partner Without Anyone Noticing

MPLX LP didn't just team up with a pipeline rival; it also teamed up with two rivals in the upstream sector, too.

4 days ago · prnewswire.com

MPLX LP to Report Third-Quarter Results on November 3, 2026

FINDLAY, Ohio, Sept. 17, 2026 /PRNewswire/ -- MPLX LP (NYSE: MPLX) will host a conference call on Tuesday, November 3, 2026, at 9:30 a.m.

5 days ago · fool.com

High-Yield Pipeline Stocks the Market Keeps Sleeping On

Gas isn't the only hot commodity flowing through pipelines these days.

6 days ago · zacks.com

MPLX LP (MPLX) Suffers a Larger Drop Than the General Market: Key Insights

MPLX LP (MPLX) concluded the recent trading session at $58.89, signifying a -1.59% move from its prior day's close.

12 days ago · seekingalpha.com

MPLX: 12.5% Distribution Growth, Next Quarter Will Confirm It, Next Year Key To Upside

MPLX LP is positioned for robust growth, with management targeting 12.5% annual distribution increases through 2027. MPLX's EBITDA mix is shifting toward natural gas and NGLs, reducing reliance on crude logistics and Marathon Petroleum (MPC). Leverage has risen to 3.7x and may approach 4x, but management expects coverage and leverage to improve as new projects ramp up.

12 days ago · seekingalpha.com

MPLX LP: 2026 Will Keep On Getting Better

MPLX LP remains a Strong Buy, benefiting from robust operational growth and strategic positioning amid global energy disruptions. MPLX's Q2 saw revenue up 10.3% Y/Y and adjusted EBITDA up 5%, with record utilization rates and major capacity expansions scheduled through 2029. Despite trading at a premium EV/EBITDA multiple, MPLX justifies its valuation with sector-leading EBITDA margins (50.8%) and high ROE (33.93%).