MPLX LP Unit (MPLX)

Currency in USD
55.91
+0.57(+1.03%)
Closed·
55.95+0.04(+0.07%)
·
High dividend Yield
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Fair Value
Day's Range
55.0356.06
52 wk Range
50.2260.95
Key Statistics
Prev. Close
56.55
Open
55.39
Day's Range
55.03-56.06
52 wk Range
50.22-60.95
Volume
1.77M
Average Volume (3m)
1.42M
1-Year Change
8.4999%
Book Value / Share
13.84
Fair Value
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Fair Value Upside
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MPLX Scorecardpro icon
Company’s Health
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Fair Value
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Fair Price
Upside
Price Target
62.92
Upside
+12.54%
Members' Sentiments
Bearish
Bullish
ProTips
Pays a significant dividend to shareholders

MPLX LP Unit News & Analysis

Show more

Technical Analysis

Summary
Strong Sell
Sell
Neutral
Buy
Strong Buy
Strong Sell
Technical Indicators
Strong Sell
Moving Averages
Sell

Analyst Ratings

6 Buy
8 Hold
1 Sell
Ratings:
15 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 62.92
(+12.54% Upside)
Firm
ArticlePositionPrice TargetUpside / DownsideFrom Price TargetActionDate
Goldman Sachs
Buy62.00+10.89%63.00MaintainNov 06, 2026
Stifel
Hold63.00+12.68%65.00MaintainNov 05, 2026
Citi
Hold56.00+0.16%55.00MaintainNov 05, 2026
JPMorgan
Hold62.00+10.89%-New CoverageOct 20, 2026
Morgan Stanley
Hold64.00+14.47%66.00MaintainOct 13, 2026

MPLX LP Unit Earnings Call Summary for Q3/2026

  • MPLX Q3 2026 EPS of $1.15 beat forecast of $1.14; revenue $3.61B topped $3.36B estimate; shares fell 2.3% on cost concerns and capital spending.
  • Adjusted EBITDA rose 5% YoY to $1.9B (7.3% ex-divestitures); quarterly distribution increased 12.5% to $4.84/unit annualized, yielding 8.22%.
  • Management expects stronger H2 2026 EBITDA growth with Q4 improvement driven by Blackcomb, Bay Runner, and BANGL ramp-ups reaching full service.
  • 2026 capex elevated at $2.9B (90%+ in gas/NGL infrastructure); 2027 spending expected lower with EBITDA growth accelerating despite asset sales.
  • Incentive compensation surged $37M YoY to $77M in Q3; Northeast processing hit 93% utilization as gathering volumes jumped 14% year-over-year.
Last Updated: 11/03/2026, 11:42 PM
Read Full Transcript

Earnings

Latest Release
Nov 03, 2026
EPS / Forecast
1.15 / 1.14
Revenue / Forecast
3.61B / 3.36B
EPS Revisions
Last 90 days

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 4.28
Dividend Yield
8.57%
Industry Median 4.22%
Annualized payout
4.84
Paid quarterly
5-Years Growth
-17.21%
Growth Streak

MPLX Income Statement

Compare MPLX to Peers and Sector

Metrics to compare
MPLX
Peers
Sector
Relationship
P/E Ratio
13.1x19.1x4.9x
PEG Ratio
−1.461.190.00
Price/Book
4.0x4.7x1.1x
Price / LTM Sales
4.7x5.3x1.3x
Upside (Analyst Target)
12.5%26.5%38.3%
Fair Value Upside
Unlock4.1%13.1%Unlock

MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. It operates in two segments, Crude Oil and Products Logistics; and Natural Gas and NGL Services. 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. It also engages in inland marine businesses, comprising fleet of boats and barges transport light products, heavy oils, crude oil, renewable fuels, chemicals, and feedstocks in the Mid-Continent and Gulf Coast regions, as well as a marine repair facility located on the Ohio River; and distribution of fuel, as well as operates refining logistics, terminals, rail facilities, and storage caverns. In addition, it operates terminal facilities for the receipt, storage, blending, additization, handling, and redelivery of refined petroleum products through the pipeline, rail, marine, and truck transportation. MPLX GP LLC acts as the general partner of MPLX LP. The company was incorporated in 2012 and is headquartered in Findlay, Ohio. MPLX LP operates as a subsidiary of Marathon Petroleum Corporation.

Ownership

Ownership Overview

Type
Common Stock Held% of Shares OutstandingMarket Value
Mutual Funds & ETFs
100.77M9.94%5.67B
Other Institutional Investors
745.43M73.52%41.93B
Public Companies & Retail Investors
167.66M16.54%9.43B
Total
1.01B100.00%57.03B

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
Marathon Petroleum Corporation63.86%647,415,45236,417,119
ALPS ETF Trust - Alerian MLP ETF2.95%29,858,8821,679,562

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FAQ

What Is the MPLX LP Unt (MPLX) Stock Price Today?

The MPLX LP Unt stock price today is 55.91 USD.

What Stock Exchange Does MPLX LP Unt Trade On?

MPLX LP Unt is listed and trades on the New York Stock Exchange.

What Is the Stock Symbol for MPLX LP Unt?

The stock symbol for MPLX LP Unt is "MPLX."

Does MPLX LP Unt Pay Dividends? What’s The Current Dividend Yield?

The MPLX LP Unt dividend yield is 8.6%%.

What Is the MPLX LP Unt Market Cap?

As of today, MPLX LP Unt market cap is 57.33B USD.

What Is MPLX LP Unt's Earnings Per Share (TTM)?

The MPLX LP Unt EPS (TTM) is 4.28.

When Is the Next MPLX LP Unt Earnings Date?

MPLX LP Unt will release its next earnings report on Feb 02, 2027.

From a Technical Analysis Perspective, Is MPLX a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Sell.

How Many Times Has MPLX LP Unt Stock Split?

MPLX LP Unt has split 0 times.

What is the current trading status of MPLX LP Unt (MPLX)?

As of Nov 06, 2026, MPLX LP Unt (MPLX) is trading at a price of 55.91 USD, with a previous close of 56.55 USD. The stock has fluctuated within a day range of 55.03 USD to 56.06 USD, while its 52-week range spans from 50.22 USD to 60.95 USD.

What Is MPLX LP Unt (MPLX) Price Target According to Analysts?

The average 12-month price target for MPLX LP Unt is 62.92 USD, with a high estimate of 73 USD and a low estimate of 54 USD. 6 analysts recommend buying the stock, while 1 suggest selling, leading to an overall rating of Buy. The stock has an +12.54% Upside potential.

What Is the MPLX Premarket Price?

MPLX's last pre-market stock price is 55.30 USD. The pre-market share volume is 19,840.00, and the stock has decreased by -1.25, or -2.21%.

What Is the MPLX After Hours Price?

MPLX's last after hours stock price is 55.95 USD, the stock has decreased by 0.04, or 0.07%.
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