Symbols / MPLX Stock $56.07 -0.28% MPLX LP

Energy • Oil & Gas Midstream • United States • NYQ
MPLX (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Energy
Industry Oil & Gas Midstream
CEO Ms. Maryann T. Mannen
Exch · Country NYQ · United States
Market Cap 56.90B
Enterprise Value 81.75B
Income 4.69B
Sales 11.74B
FCF (ttm) 1.93B
Book/sh 13.86
Cash/sh 1.48
Employees —
Insider 10d —
IPO Oct 26, 2012
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 88.01%
P/E 12.14
Forward P/E 11.35
PEG 3.36
P/S 4.85
P/B 4.04
P/C —
EV/EBITDA 13.63
EV/Sales 6.97
Quick Ratio 1.02
Current Ratio 1.10
Debt/Eq 182.79
LT Debt/Eq —
EPS (ttm) 4.62
EPS next Y 4.94
EPS Growth -18.40%
Revenue Growth -2.80%
EPS Gr Q/Q -19.00%
Rev Gr Q/Q —
Earnings (next) 2026-08-04
Earnings (prior) 2026-05-05
ROA 7.04%
ROE 33.41%
ROIC —
Gross Margin 56.11%
Oper. Margin 36.13%
Profit Margin 40.03%
Shs Outstand 1.01B
Shs Float 364.15M
Insider Own 63.97%
Instit Own 20.24%
Short Float 1.76%
Short Ratio 2.71
Short Interest 6.46M
52W High 59.98
vs 52W High -6.52%
52W Low 47.80
vs 52W Low 17.30%
Beta 0.46
Impl. Vol. 23.00%
Rel Volume 0.75
Avg Volume 2.04M
Volume 1.53M
Target (mean) $60.71
Tgt Median $60.00
Tgt Low $54.00
Tgt High $73.00
# Analysts 14
Recom Buy
Prev Close $56.23
Price $56.07
Change -0.28%
About

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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$60.71
Mean price target
2. Current target
$56.07
Latest analyst target
3. DCF / Fair value
$34.24
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$56.07
Low
$54.00
High
$73.00
Mean
$60.71

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-05-20 main Morgan Stanley Equal-Weight → Equal-Weight $60
2026-05-14 main Barclays Overweight → Overweight $59
2026-05-07 main Wells Fargo Overweight → Overweight $61
2026-05-06 main Barclays Overweight → Overweight $58
2026-04-20 main Goldman Sachs Buy → Buy $63
2026-04-10 main Barclays Overweight → Overweight $59
2026-04-07 main Truist Securities Buy → Buy $66
2026-03-24 init Truist Securities Buy → Buy $67
2026-03-16 main UBS Buy → Buy $73
2026-03-13 main Wells Fargo Overweight → Overweight $63
2026-03-10 main JP Morgan Neutral → Neutral $60
2026-03-05 main Stifel Buy → Buy $59
2026-02-10 main Citigroup Neutral → Neutral $55
2026-01-05 down Raymond James Outperform → Market Perform —
2025-12-01 down JP Morgan Overweight → Neutral $57
2025-11-25 main Morgan Stanley Equal-Weight → Equal-Weight $62
2025-11-21 main RBC Capital Outperform → Outperform $60
2025-11-17 main Barclays Overweight → Overweight $55
2025-09-23 main Wells Fargo Overweight → Overweight $59
2025-08-26 main Morgan Stanley Equal-Weight → Equal-Weight $60
News
RSS: Latest MPLX news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-05-15 HELMS CHRISTOPHER A Affiliated Person — 1,415 $0.00 $0
2026-05-15 WALKER RAY N JR Director — 78 $0.00 $0
2026-05-15 PEIFFER GARRY L Director — 1,303 $0.00 $0
2026-05-15 SEMPLE FRANK M Director — 1,194 $0.00 $0
2026-05-15 SURMA JOHN P JR. Affiliated Person — 1,656 $0.00 $0
2026-05-15 BREVES CHRISTINE S Affiliated Person — 276 $0.00 $0
2026-05-15 STICE J MICHAEL ED.D. Director — 1,098 $0.00 $0
2026-04-30 HELMS CHRISTOPHER A Director — 2,246 $0.00 $0
2026-04-30 WALKER RAY N JR Director — 2,246 $0.00 $0
2026-04-30 PEIFFER GARRY L Director — 2,246 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
11,474.00
+5.23%
10,904.00
+4.50%
10,434.00
-1.02%
10,541.00
Operating Revenue
11,474.00
+5.23%
10,904.00
+4.50%
10,434.00
-1.02%
10,541.00
Cost Of Revenue
6,472.00
+6.32%
6,087.00
+3.68%
5,871.00
-6.09%
6,252.00
Reconciled Cost Of Revenue
6,472.00
+6.32%
6,087.00
+3.68%
5,871.00
-6.09%
6,252.00
Gross Profit
5,002.00
+3.84%
4,817.00
+5.57%
4,563.00
+6.39%
4,289.00
Operating Expense
240.00
-31.62%
351.00
-1.13%
355.00
+343.15%
-146.00
Selling General And Administration
446.00
+4.45%
427.00
+12.66%
379.00
+13.13%
335.00
General And Administrative Expense
446.00
+4.45%
427.00
+12.66%
379.00
+13.13%
335.00
Other Gand A
446.00
+4.45%
427.00
+12.66%
379.00
+13.13%
335.00
Other Operating Expenses
-343.00
-65.70%
-207.00
-33.55%
-155.00
+73.99%
-596.00
Total Expenses
6,712.00
+4.26%
6,438.00
+3.41%
6,226.00
+1.97%
6,106.00
Operating Income
4,762.00
+6.63%
4,466.00
+6.13%
4,208.00
-5.12%
4,435.00
Total Operating Income As Reported
5,943.00
+12.39%
5,288.00
+7.92%
4,900.00
-0.22%
4,911.00
EBITDA
7,341.00
+11.33%
6,594.00
+8.33%
6,087.00
+0.38%
6,064.00
Normalized EBITDA
7,341.00
+11.33%
6,594.00
+8.33%
6,087.00
+0.38%
6,064.00
Reconciled Depreciation
1,351.00
+5.30%
1,283.00
+5.77%
1,213.00
-1.38%
1,230.00
EBIT
5,990.00
+12.78%
5,311.00
+8.97%
4,874.00
+0.83%
4,834.00
Total Unusual Items
—
—
0.00
0.00
Total Unusual Items Excluding Goodwill
—
—
0.00
0.00
Special Income Charges
—
—
0.00
0.00
Impairment Of Capital Assets
—
—
0.00
0.00
Restructuring And Mergern Acquisition
—
—
—
0.00
Net Income
4,912.00
+13.78%
4,317.00
+9.90%
3,928.00
-0.41%
3,944.00
Pretax Income
4,960.00
+13.58%
4,367.00
+9.81%
3,977.00
-0.23%
3,986.00
Net Non Operating Interest Income Expense
-983.00
-6.73%
-921.00
+0.22%
-923.00
+0.22%
-925.00
Interest Expense Non Operating
1,030.00
+9.11%
944.00
+5.24%
897.00
+5.78%
848.00
Net Interest Income
-983.00
-6.73%
-921.00
+0.22%
-923.00
+0.22%
-925.00
Interest Expense
1,030.00
+9.11%
944.00
+5.24%
897.00
+5.78%
848.00
Interest Income Non Operating
68.00
-28.42%
95.00
+120.93%
43.00
+975.00%
4.00
Interest Income
68.00
-28.42%
95.00
+120.93%
43.00
+975.00%
4.00
Other Income Expense
1,181.00
+43.67%
822.00
+18.79%
692.00
+45.38%
476.00
Other Non Operating Income Expenses
—
—
126.00
-74.02%
485.00
Tax Provision
8.00
-20.00%
10.00
-9.09%
11.00
+37.50%
8.00
Tax Rate For Calcs
0.00
-29.56%
0.00
-17.21%
0.00
+37.82%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
4,952.00
+13.66%
4,357.00
+9.86%
3,966.00
-0.30%
3,978.00
Net Income From Continuing Operation Net Minority Interest
4,912.00
+13.78%
4,317.00
+9.90%
3,928.00
-0.41%
3,944.00
Net Income From Continuing And Discontinued Operation
4,912.00
+13.78%
4,317.00
+9.90%
3,928.00
-0.41%
3,944.00
Net Income Continuous Operations
4,952.00
+13.66%
4,357.00
+9.86%
3,966.00
-0.30%
3,978.00
Minority Interests
-40.00
+0.00%
-40.00
-5.26%
-38.00
-11.76%
-34.00
Normalized Income
4,912.00
+13.78%
4,317.00
+9.90%
3,928.00
-0.41%
3,944.00
Net Income Common Stockholders
4,912.00
+14.50%
4,290.00
+12.04%
3,829.00
+0.37%
3,815.00
Diluted EPS
4.82
+14.49%
4.21
+10.79%
3.80
+1.33%
3.75
Basic EPS
4.82
+14.49%
4.21
+10.79%
3.80
+1.33%
3.75
Basic Average Shares
1,019.00
+0.30%
1,016.00
+1.50%
1,001.00
-0.89%
1,010.00
Diluted Average Shares
1,019.00
+0.20%
1,017.00
+1.50%
1,002.00
-0.79%
1,010.00
Diluted NI Availto Com Stockholders
4,912.00
+14.50%
4,290.00
+12.04%
3,829.00
+0.37%
3,815.00
Earnings From Equity Interest
1,181.00
+43.67%
822.00
+18.79%
692.00
+45.38%
476.00
Other Taxes
137.00
+4.58%
131.00
+0.00%
131.00
+13.91%
115.00
Preferred Stock Dividends
—
27.00
-72.73%
99.00
-23.26%
129.00
Total Other Finance Cost
21.00
-70.83%
72.00
+4.35%
69.00
-14.81%
81.00
Line Item Trend 2022-12-31
Total Assets
35,665.00
Current Assets
1,905.00
Cash Cash Equivalents And Short Term Investments
238.00
Cash And Cash Equivalents
238.00
Receivables
1,461.00
Accounts Receivable
737.00
Other Receivables
111.00
Inventory
148.00
Raw Materials
148.00
Prepaid Assets
5.00
Assets Held For Sale Current
—
Other Current Assets
53.00
Total Non Current Assets
33,760.00
Net PPE
19,359.00
Gross PPE
26,422.00
Accumulated Depreciation
-7,063.00
Land And Improvements
2,096.00
Machinery Furniture Equipment
7,781.00
Construction In Progress
455.00
Other Properties
16,090.00
Goodwill And Other Intangible Assets
8,350.00
Goodwill
7,645.00
Other Intangible Assets
705.00
Investments And Advances
4,095.00
Long Term Equity Investment
4,095.00
Non Current Accounts Receivable
910.00
Other Non Current Assets
1,046.00
Total Liabilities Net Minority Interest
22,151.00
Current Liabilities
2,401.00
Payables And Accrued Expenses
1,120.00
Payables
486.00
Accounts Payable
224.00
Other Payable
—
Current Accrued Expenses
634.00
Current Debt And Capital Lease Obligation
1,035.00
Current Debt
988.00
Other Current Borrowings
988.00
Current Capital Lease Obligation
47.00
Current Deferred Liabilities
80.00
Current Deferred Revenue
80.00
Other Current Liabilities
166.00
Total Non Current Liabilities Net Minority Interest
19,750.00
Long Term Debt And Capital Lease Obligation
19,266.00
Long Term Debt
18,808.00
Long Term Capital Lease Obligation
458.00
Non Current Deferred Liabilities
342.00
Non Current Deferred Revenue
329.00
Non Current Deferred Taxes Liabilities
13.00
Other Non Current Liabilities
142.00
Stockholders Equity
0.00
Common Stock Equity
13,277.00
Share Issued
1,001.00
Ordinary Shares Number
1,001.00
Gains Losses Not Affecting Retained Earnings
-8.00
Minority Interest
237.00
Other Equity Adjustments
-8.00
Total Equity Gross Minority Interest
13,514.00
Total Capitalization
32,085.00
Working Capital
-496.00
Invested Capital
33,073.00
Total Debt
20,301.00
Net Debt
19,558.00
Capital Lease Obligations
505.00
Net Tangible Assets
-8,350.00
Tangible Book Value
4,927.00
Duefrom Related Parties Current
613.00
Duefrom Related Parties Non Current
27.00
Dueto Related Parties Current
262.00
Interest Payable
237.00
Limited Partnership Capital
13,285.00
Preferred Shares Number
0.60
Total Partnership Capital
13,277.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
5,909.00
-0.62%
5,946.00
+10.17%
5,397.00
+7.53%
5,019.00
Cash Flow From Continuing Operating Activities
5,909.00
-0.62%
5,946.00
+10.17%
5,397.00
+7.53%
5,019.00
Net Income From Continuing Operations
4,952.00
+13.66%
4,357.00
+9.86%
3,966.00
-0.30%
3,978.00
Depreciation Amortization Depletion
1,351.00
+5.30%
1,283.00
+5.77%
1,213.00
-1.38%
1,230.00
Depreciation And Amortization
1,351.00
+5.30%
1,283.00
+5.77%
1,213.00
-1.38%
1,230.00
Other Non Cash Items
29.00
-50.85%
59.00
+268.75%
16.00
-84.00%
100.00
Asset Impairment Charge
—
—
0.00
0.00
Deferred Tax
7.00
+250.00%
2.00
-33.33%
3.00
+0.00%
3.00
Deferred Income Tax
7.00
+250.00%
2.00
-33.33%
3.00
+0.00%
3.00
Operating Gains Losses
-1,359.00
-65.33%
-822.00
-16.43%
-706.00
+29.26%
-998.00
Gain Loss On Investment Securities
-17.00
-466.67%
-3.00
—
-47.00
Gain Loss On Sale Of PPE
-484.00
-2320.00%
-20.00
+78.26%
-92.00
+81.93%
-509.00
Change In Working Capital
65.00
-73.03%
241.00
+42.60%
169.00
+32.03%
128.00
Change In Receivables
48.00
-73.33%
180.00
+1185.71%
14.00
+0.00%
14.00
Change In Inventory
-26.00
-30.00%
-20.00
-5.26%
-19.00
-280.00%
-5.00
Change In Payables And Accrued Expense
-12.00
-340.00%
5.00
+129.41%
-17.00
+34.62%
-26.00
Change In Payable
-12.00
-340.00%
5.00
+129.41%
-17.00
+34.62%
-26.00
Change In Account Payable
-12.00
-340.00%
5.00
+129.41%
-17.00
+34.62%
-26.00
Change In Other Working Capital
55.00
-27.63%
76.00
-60.21%
191.00
+31.72%
145.00
Investing Cash Flow
-4,856.00
-143.41%
-1,995.00
-59.35%
-1,252.00
-30.96%
-956.00
Cash Flow From Continuing Investing Activities
-4,856.00
-143.41%
-1,995.00
-59.35%
-1,252.00
-30.96%
-956.00
Net PPE Purchase And Sale
-1,808.00
-71.21%
-1,056.00
-12.70%
-937.00
-16.25%
-806.00
Purchase Of PPE
-1,808.00
-71.21%
-1,056.00
-12.70%
-937.00
-16.25%
-806.00
Capital Expenditure
-1,808.00
-71.21%
-1,056.00
-12.70%
-937.00
-16.25%
-806.00
Net Business Purchase And Sale
-4,031.00
-328.83%
-940.00
-175.66%
-341.00
-45.73%
-234.00
Purchase Of Business
-4,324.00
-298.16%
-1,086.00
-215.70%
-344.00
-40.41%
-245.00
Net Other Investing Changes
983.00
+98200.00%
1.00
-96.15%
26.00
-69.05%
84.00
Financing Cash Flow
-435.00
+87.50%
-3,480.00
-4.35%
-3,335.00
+13.11%
-3,838.00
Cash Flow From Continuing Financing Activities
-435.00
+87.50%
-3,480.00
-4.35%
-3,335.00
+13.11%
-3,838.00
Net Issuance Payments Of Debt
4,077.00
+751.15%
479.00
-18.54%
588.00
+315.38%
-273.00
Issuance Of Debt
6,591.00
+304.36%
1,630.00
+2.58%
1,589.00
-75.05%
6,368.00
Repayment Of Debt
-2,514.00
-118.42%
-1,151.00
-14.99%
-1,001.00
+84.93%
-6,641.00
Long Term Debt Issuance
6,591.00
+304.36%
1,630.00
+2.58%
1,589.00
-75.05%
6,368.00
Long Term Debt Payments
-2,514.00
-118.42%
-1,151.00
-14.99%
-1,001.00
+84.93%
-6,641.00
Net Long Term Debt Issuance
4,077.00
+751.15%
479.00
-18.54%
588.00
+315.38%
-273.00
Net Common Stock Issuance
-400.00
-22.70%
-326.00
0.00
+100.00%
-491.00
Common Stock Payments
-400.00
-22.70%
-326.00
0.00
+100.00%
-491.00
Common Stock Dividend Paid
-4,018.00
-12.90%
-3,559.00
-11.88%
-3,181.00
-8.90%
-2,921.00
Cash Dividends Paid
-4,024.00
-11.68%
-3,603.00
-9.31%
-3,296.00
-8.17%
-3,047.00
Repurchase Of Capital Stock
-400.00
-22.70%
-326.00
+45.67%
-600.00
-22.20%
-491.00
Net Other Financing Charges
-88.00
-193.33%
-30.00
-11.11%
-27.00
+0.00%
-27.00
Changes In Cash
618.00
+31.21%
471.00
-41.85%
810.00
+260.00%
225.00
Beginning Cash Position
1,519.00
+44.94%
1,048.00
+340.34%
238.00
+1730.77%
13.00
End Cash Position
2,137.00
+40.68%
1,519.00
+44.94%
1,048.00
+340.34%
238.00
Free Cash Flow
4,101.00
-16.13%
4,890.00
+9.64%
4,460.00
+5.86%
4,213.00
Interest Paid Supplemental Data
913.00
-2.87%
940.00
+5.26%
893.00
+9.84%
813.00
Income Tax Paid Supplemental Data
7.00
+16.67%
6.00
-14.29%
7.00
+133.33%
3.00
Dividend Received CFO
864.00
+4.60%
826.00
+12.23%
736.00
+27.34%
578.00
Dividends Received CFI
—
—
3.00
-72.73%
11.00
Earnings Losses From Equity Investments
-697.00
+13.09%
-802.00
-33.67%
-600.00
-26.05%
-476.00
Net Preferred Stock Issuance
0.00
0.00
+100.00%
-600.00
0.00
Preferred Stock Dividend Paid
-6.00
+86.36%
-44.00
+61.74%
-115.00
+8.73%
-126.00
Preferred Stock Payments
0.00
0.00
+100.00%
-600.00
0.00
Sale Of Business
293.00
+100.68%
146.00
+4766.67%
3.00
-72.73%
11.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Trades
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