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MPLX LP (MPLX)

US · Energy · Oil & Gas Midstream

$55.91-1.13%
Last close · 2026-11-06

Latest quarter · ended 2026-09-30

Revenue
$3.60B
Revenue YoY
-0.4%
Net profit
$1.16B
Profit YoY
-24.7%
EPS
$1.15
EPS estimate
$1.11
Net margin
32.3%

EPS came in at 1.15 against a street estimate of 1.11 — a beat of 3.6%.

Key statistics

Market cap
$57.29B
P/E
13.2
Forward P/E
11.7
P/B
4.07
Book value
$14.08
EPS (TTM)
$4.28
Dividend yield
1.91%
52-week high
$59.42
52-week low
$47.18
50-day MA
$58.32
200-day MA
$57.25
Beta
0.45

Analyst view

Analysts rate MPLX LP a buy (6 buy, 8 hold, 1 sell out of 15) with an average price target of $62.92.

From the latest earnings call · 2026-08-04

CONFIDENT MPLX delivered $1.8B adjusted EBITDA (+5% YoY), returned $1.1B to unitholders, and raised 2026 capex $500M to $2.9B. Multiple projects ramping H2 2026–2027 support mid-single-digit EBITDA growth and 12.5% distribution increases through 2027. Q2 2026 Delaware/Marcellus achieving strong utilization; Utica growth accelerating. Permian sour gas treating expanded; forecast 35 Bcf/d by 2030 vs. current 25 Bcf/d. Analysts probed project sequencing risk (strong execution defense), fractionation timing (early pull-forward reduces risk), and M&A necessity (organic suffices for 2027). Management emphasized visibility and disciplined capital allocation. 2026-08-04…

Full summary in the app.

Shareholding

Insiders
64.08%
Institutions
19.91%

Largest institutional holders

FundStake
ALPS Advisors Inc2.82%
Amvescap Plc.1.80%
Blackstone Inc1.28%
The Goldman Sachs Group Inc1.12%
Tortoise Midstream Energy Fund, Inc.1.04%
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.0.79%
Kayne Anderson Capital Advisors LP0.58%
Energy Income Partners, LLC0.53%

Recent filings & reports

DocumentDate
Quarterly report · Q3 2026
HEADLINE NUMBERS • For the three months ended September 30, 2026, total revenues and other income were $3,605 million, down from $3,619 million in th
2026-11-03
Results announced · Q4 2026
HEADLINE NUMBERS • Third-quarter 2026 net income attributable to MPLX was $1,164 million, down from $1,545 million in the third quarter of 2025. • A
2026-11-03
Board / officer change · Q4 2026
OTHER NOTABLE POINTS • MPLX LP increased the size of its General Partner’s board from 10 to 12 members. • Micheal G. Dunn and Bruce L. Niemeyer were
2026-10-29
Company announcement · Q3 2026
MPLX LP – 8-K FILING SUMMARY (August 24, 2026) HEADLINE NUMBERS • Company: MPLX LP, a Delaware limited partnership (ticker: MPLX, NYSE) • Filing date
2026-08-24
Quarterly report · Q2 2026
MPLX LP – Q2 2026 10-Q SUMMARY FOR RETAIL INVESTORS --- HEADLINE NUMBERS • Net income (6 months ended June 30, 2026): $1,989 million ($1.96 per uni
2026-08-04
Results announced · Q3 2026
MPLX LP Q2 2026 EARNINGS SUMMARY HEADLINE NUMBERS • Net income attributable to MPLX: $1,077 million (Q2 2026) vs. $1,048 million (Q2 2025) — increas
2026-08-04
Quarterly report · Q1 2026
MPLX LP - Q1 2026 10-Q SUMMARY HEADLINE NUMBERS • Net income Q1 2026: $912 million (down from $1,126 million in Q1 2025) • Revenue and other income
2026-05-05
Results announced · Q2 2026
MPLX LP Q1 2026 EARNINGS SUMMARY HEADLINE NUMBERS • Net income attributable to MPLX: $912 million (Q1 2026) vs $1,126 million (Q1 2025) — decrease o
2026-05-05

Readable in the app.

Corporate actions

ActionDetailDate
Dividend$1.21 / share
ex-date Nov 6, 2026 · pay Nov 13, 2026
2026-11-06
Dividend$1.08 / share
ex-date Aug 7, 2026 · pay Aug 14, 2026
2026-08-07
Dividend$1.08 / share
ex-date May 8, 2026 · pay May 15, 2026
2026-05-08
Dividend$1.08 / share
ex-date Feb 9, 2026 · pay Feb 17, 2026
2026-02-09
Dividend$1.08 / share
ex-date Nov 7, 2025 · pay Nov 14, 2025
2025-11-07

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Data updated 2026-11-07.