MPLX Lp
MPLX
NYSE·Energy·Oil & Gas Midstream·Mkt cap $60.0B
$59.09
▼ -0.14%
P/E
12.71
Mkt Cap
$60.0B
52-Wk Range
$47.80–$60.95
52-Week Range
$47.80 - $60.95
P/E
Fwd P/E
Beta
Div Yield
Avg Vol
Shares Out
Mkt Cap
Price action
Price chart
Up 15.9% over the trailing year
Total returns
Price performance
Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.
Why we rate it this way
The thesis at a glance
Bull and bear case · plain-English context across the five lenses we evaluate.
Bull Case
5 reasons
- Extensive integrated midstream infrastructure network across the United States
- Long-term, fee-based contracts providing stable and predictable cash flows
- Strategic subsidiary relationship with Marathon Petroleum Corporation enabling synergies
- Diversified asset portfolio reducing dependence on single commodity or transportation mode
- Critical infrastructure positioning with high barriers to entry and regulatory moats
Bear Case
1 risk
- Low volatility (beta 0.5).
Growth
Stable outlook
Increased crude oil and natural gas production requiring expanded transportation capacity
Value
Attractively priced below Midstream & Pipelines peer average
Momentum
Strong
+6.1% over 3m
Quality
Strong
Excellent business quality
Dividend
High yield
7.29% yield
Smart-money signal
Who's buying MPLX right now
Insider Form 4s, 13F institutional filings, and Congressional disclosures - at a glance.
Earnings track record
Recent earnings results
AI-summarized recap of last quarter, plus the surprise on every print.
Next: Nov 3, 2026
AUG 4, 2026
Reported EPS of $1.06 vs $1.06 consensus (0.0% surprise). Revenue of $3.1B vs $3.1B expected (-1.9%).
EPS surprise · last 4Q
1 of 1 beats
Estimate
Actual
Q3 26
0.0%
Revenue trend · last 8Q
—
+6%
+11%
+4%
+30%
+9%
-1%
+19%
Q3 24
Q4 24
Q1 25
Q2 25
Q3 25
Q4 25
Q1 26
Q2 26
$2.8B
$2.8B
$2.9B
$2.8B
$3.6B
$3.1B
$2.9B
$3.3B
Margins · last 8Q
Gross
56.9%
Operating
41.6%
Profit
32.8%
Wall Street consensus
9 analysts · 67% Buy
Live ratings and price targets aggregated across covering analysts.
Buy
67%
Hold
33%
Sell
0%
Median Price Target
—
Latest: RBC Capital · Aug 21, 2026
vs Industry
How MPLX stacks vs Oil & Gas Midstream
Stock metrics vs industry averages. Green = better than industry.
Industry comparison data unavailable for this stock.
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