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MPLX NYSE:MPLX Stock Report

Last Price

US$41.31

Market Cap

US$41.8b

7D

2.0%

1Y

20.1%

Updated

27 Mar, 2024

Data

Company Financials +

MPLX Stock Overview

MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States.

MPLX fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance4/6
Financial Health3/6
Dividends6/6

MPLX LP Competitors

Price History & Performance

Summary of all time highs, changes and price drops for MPLX
Historical stock prices
Current Share PriceUS$41.31
52 Week HighUS$41.31
52 Week LowUS$33.12
Beta1.34
1 Month Change5.01%
3 Month Change13.46%
1 Year Change20.05%
3 Year Change61.18%
5 Year Change24.32%
Change since IPO51.88%

Recent News & Updates

MPLX: Upside Getting Squeezed But Still A Strong Income Play Yielding 8.32%

Mar 27

MPLX: Expect Another Large Distribution Increase In 2024

Feb 23

Recent updates

MPLX: Upside Getting Squeezed But Still A Strong Income Play Yielding 8.32%

Mar 27

MPLX: Expect Another Large Distribution Increase In 2024

Feb 23

MPLX: 9% Yield, More Strong Earnings

Jan 19

MPLX Is Positioned For Continued Dividend Growth

Dec 17

MPLX: A 10% Yielding Rich Retirement Dream Machine

Nov 16

'Buy Income' - MPLX's 9.4% Yield Is A Good Place To Start

Nov 06

MPLX Continues Higher As Other High-Yielding Investments Decline

Oct 05

MPLX LP: High And Sustainable Dividend Yield

Sep 26

MPLX: Strong Performance Should Lead To A Hefty Distribution Increase

Aug 25

A Warm November Rain (Increased Distributions) Awaits MPLX Investors

Aug 11

MPLX: 9% Yield, Record Earnings

Jul 21

MPLX: The Ultimate Buffett-Style 9.2% Yielding Retirement Dream Blue-Chip

Jun 15

MPLX: A Hefty 9% Yield And Growth On Top Of That

Feb 15

MPLX prices two-part notes offering totaling $1.6B

Feb 02

MPLX declares $0.775 dividend

Jan 27

MPLX: Both Roads Lead To Higher Distributions

Jan 13

10%-Yielding MPLX: Now Is The Time To Buy

Dec 11

MPLX Q3 2022 Earnings Preview

Oct 31

Magnifying MPLX's Finances And Possible Growth

Oct 19

MPLX: An Energy Play For The Looming Recession Supported By A 10% Yield

Sep 25

MPLX: Higher Distributions Should Only Be Months Away

Aug 25

MPLX to redeem $1B senior notes

Aug 15

MPLX LP raises $1B debt capital

Aug 09

MPLX Q2 2022 Earnings Preview

Aug 01

MPLX: Midstream Risks Grow With Energy Demand Destruction

Jul 22

MPLX: Buy This 10% Yield At A Steep Discount To Value

Jun 27

MPLX: Buy The Dip On This 10% Yield

Jun 20

MPLX Is A Very Safe 8.5% Yielding Retirement Dream Stock

Jun 03

MPLX: A Special Investment - Part 3

May 14

MPLX: 8% Yield, Strong Q1 2022 Earnings, 6.5% Dividend Growth

May 06

MPLX: Boost Your Income With This 8% Yield

Apr 11

MPLX: 9% Yield, 5% Dividend Growth In 2022, Undervalued

Mar 11

MPLX: A Special Investment - Part 2

Feb 17

MPLX: Expect 12% To 18%+ Of Your Capital Returned During 2022

Feb 07

MPLX: A 9% Distribution For Yield Starved Investors

Jan 27

MPLX: A Special Investment

Dec 21

MPLX: 9.4% Yield, Are You Swimming In Cash?

Nov 18

MPLX: Even More Distribution Growth Is Coming For This 9% Yield

Nov 04

MPLX LP: 9% Yield, Strong Dividend Coverage, Price Targets Rising

Sep 26

MPLX: All The Ingredients Needed For Higher Distributions

Aug 23

MPLX: The 10% Yield Has Become Even More Attractive

Jul 21

MPLX LP: 9% Yield, Outperforming, High Options Yields

May 30

MPLX Q1 2021 Earnings Preview

May 03

MPLX declares $0.6875 dividend

Apr 27

MPLX CEO sees excess cash for 2021 with stock buybacks likely

Feb 02

MPLX Q4 2020 Earnings Preview

Feb 01

Howard Energy executes pact with MPLX unit to purchase the Javelina

Dec 29

Shareholder Returns

MPLXUS Oil and GasUS Market
7D2.0%1.2%0.4%
1Y20.1%14.5%28.8%

Return vs Industry: MPLX exceeded the US Oil and Gas industry which returned 14.5% over the past year.

Return vs Market: MPLX underperformed the US Market which returned 28.8% over the past year.

Price Volatility

Is MPLX's price volatile compared to industry and market?
MPLX volatility
MPLX Average Weekly Movement1.9%
Oil and Gas Industry Average Movement4.9%
Market Average Movement6.0%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.0%

Stable Share Price: MPLX has not had significant price volatility in the past 3 months.

Volatility Over Time: MPLX's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2012n/aMike Henniganhttps://www.mplx.com

MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. It operates in two segments, Logistics and Storage, and Gathering and Processing. 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.

MPLX LP Fundamentals Summary

How do MPLX's earnings and revenue compare to its market cap?
MPLX fundamental statistics
Market capUS$41.75b
Earnings (TTM)US$3.81b
Revenue (TTM)US$10.68b

11.0x

P/E Ratio

3.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MPLX income statement (TTM)
RevenueUS$10.68b
Cost of RevenueUS$4.66b
Gross ProfitUS$6.02b
Other ExpensesUS$2.22b
EarningsUS$3.81b

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

Apr 30, 2024

Earnings per share (EPS)3.77
Gross Margin56.39%
Net Profit Margin35.65%
Debt/Equity Ratio150.4%

How did MPLX perform over the long term?

See historical performance and comparison

Dividends

8.2%

Current Dividend Yield

85%

Payout Ratio
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