LIVE

MPLX

MPLX Lp

MPLX

NYSE·Energy·Oil & Gas Midstream·Mkt cap $56.7B

$57.16

▲ +2.22%

View full research view

Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

View research view

52-Week Range

$47.80 - $59.98

P/E

12.37

Fwd P/E

12.67

Beta

0.46

Div Yield

7.49%

Avg Vol

2.0M

Shares Out

1.0B

Mkt Cap

$56.7B

Price action

Price chart

Up 9.5% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

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

Stable

+0.0% over 3m

Quality

Strong

Excellent business quality

Dividend

High yield

7.49% yield

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: May 4, 2026

“
Q2 26 RECAP

MAY 5, 2026

Reported EPS of $0.90 vs $1.05 consensus (-14.3% surprise). Revenue of $2.8B vs $3.1B expected (-9.3%).

EPS miss
Revenue miss

EPS surprise · last 4Q

0 of 1 beats

Q2 26

-14.3%

Next: May 4, 2026

Revenue trend · last 8Q

—

—

+6%

+11%

+4%

+30%

+9%

-1%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$2.7B

$2.8B

$2.8B

$2.9B

$2.8B

$3.6B

$3.1B

$2.9B

Margins · last 8Q

Gross

41.0%

Operating

35.8%

Profit

31.9%

View full earnings history →

Wall Street consensus

10 analysts · 60% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

6

60%

Hold

4

40%

Sell

0%

Median Price Target

$60.00

▲ +5.0% vs $57.16

Low $58.00
Median $60.00
High $63.00

Latest: Morgan Stanley · May 20, 2026

3 analysts covering

View full analyst page →

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.