How Investors May Respond To MPLX (MPLX) Expanding Into Data Center Energy Partnerships With MARA Holdings

• On November 4, 2025, MPLX LP reported strong third-quarter earnings results and announced a significant letter of intent with MARA Holdings, Inc. to supply natural gas and electricity for new data center and power generation projects in West Texas.
• This joint initiative with MARA signals MPLX's entry into energy infrastructure supporting fast-growing data center operations, illustrating the company's move to diversify revenue streams and support regional energy reliability.
• We will now examine how MPLX's expansion into data center energy supply could influence the company's existing investment narrative.

We've found 16 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.

MPLX Investment Narrative Recap

For MPLX shareholders, believing in the company means confidence in its ability to grow through midstream infrastructure investments, particularly in the Permian and Delaware basins, while balancing changing energy demand risks. The MARA Holdings agreement highlights a push to diversify into data center energy supply, but this expansion does not materially shift the main short-term catalyst: successful integration and ramp-up of recent acquisitions like Northwind Midstream. The biggest risk remains concentrated exposure to fossil fuel-driven cycles and energy transition headwinds.

Among MPLX's recent announcements, its M&A ambitions stand out as closely tied to the MARA news. Management's discussion of ongoing deal-making in natural gas and NGLs, with an eye on mid-single-digit EBITDA growth, underscores the importance of scale and diversification as avenues for offsetting cyclicality and supporting future distributions.

Yet, with growing emphasis on new ventures, investors should not lose sight of how overbuilding infrastructure, especially if export demand fails to materialize, could pressure margins and...

Read the full narrative on MPLX (it's free!)

MPLX's narrative projects $14.0 billion in revenue and $5.3 billion in earnings by 2028. This requires 6.8% yearly revenue growth and a $1.0 billion increase in earnings from the current $4.3 billion.

Uncover how MPLX's forecasts yield a $57.00 fair value, a 7% upside to its current price.

Exploring Other Perspectives

Simply Wall St Community members submitted seven fair value estimates for MPLX, spanning from US$41.26 to US$128.77 per share. While opinions widely differ, many still weigh the company’s exposure to long-term fossil fuel demand cycles as a key factor in future outcomes.

Explore 7 other fair value estimates on MPLX - why the stock might be worth 22% less than the current price!

Build Your Own MPLX Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your MPLX research is our analysis highlighting 4 key rewards and 2 important warning signs that could impact your investment decision.
• Our free MPLX research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate MPLX's overall financial health at a glance.

Seeking Other Investments?

The market won't wait. These fast-moving stocks are hot now. Grab the list before they run:

• This technology could replace computers: discover 26 stocks that are working to make quantum computing a reality.
• The end of cancer? These 29 emerging AI stocks are developing tech that will allow early identification of life changing diseases like cancer and Alzheimer's.
• These 13 companies survived and thrived after COVID and have the right ingredients to survive Trump's tariffs. Discover why before your portfolio feels the trade war pinch.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com