NYSE - Nasdaq Real Time Price USD

MPLX LP (MPLX)

60.16 +0.27 (+0.45%)
At close: October 30 at 4:00:03 PM EDT
60.45 +0.29 (+0.48%)
After hours: October 30 at 7:36:45 PM EDT
Trade MPLX LP on Coinbase
MPLX Q3 2026 earnings call
November 3, 2026 at 9:30 AM EST
Chart Range Bar
Loading chart for MPLX

What's happening with MPLX?

9m ago
Powered by Yahoo Scout

MPLX raised its quarterly distribution by 12.5% and added two experienced energy executives to its general-partner board. The partnership enters its November 3, 2026 earnings report with analysts expecting lower year-over-year earnings and revenue, while projected segment EBITDA remains higher in key logistics operations. The latest authoritative market data shows MPLX up 0.45% in the current regular session.

Powered by Yahoo Scout
  • Previous Close 59.89
  • Open 60.50
  • Bid 59.78 x 70000
  • Ask 60.72 x 30000
  • Day's Range 59.81 - 60.72
  • 52 Week Range 50.22 - 60.95
  • Volume 1,481,054
  • Avg. Volume 1,316,073
  • Market Cap (intraday) 60.994B
  • Beta (5Y Monthly) 0.48
  • PE Ratio (TTM) 12.94
  • EPS (TTM) 4.65
  • Earnings Date Nov 3, 2026
  • Forward Dividend & Yield 4.84 (8.05%)
  • 1y Target Est 62.92
  • Morningstar Rating
    Rating available with Stock Picks access

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.

www.mplx.com

--

Full Time Employees

December 31

Fiscal Year Ends

Energy

Sector

Performance Overview

Trailing total returns as of 10/30/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

MPLX
19.30%
S&P 500 (^GSPC)
10.73%

1-Year Return

MPLX
28.60%
S&P 500 (^GSPC)
11.11%

3-Year Return

MPLX
113.26%
S&P 500 (^GSPC)
81.91%

5-Year Return

MPLX
209.28%
S&P 500 (^GSPC)
64.59%

Earnings Trends

View More

Earnings Per Share

GAAP
Normalized
GAAP
Normalized
 

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q1 FY26
Revenue 3.04B
Earnings 912M
Profit Margin 30.02%

Q2

FY25

Q3

FY25

Q4

FY25

Q1

FY26

0
1B
2B
3B
35.0%
40.0%
 

Analyst Insights

View More

Top Analyst

RBC Capital
69/100
Latest Rating
Outperform
 

Analyst Price Targets

54.00 Low
62.92 Average
60.16 Current
73.00 High
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Latest Rating

Date 10/13/2026
Analyst Morgan Stanley
Rating Action Maintains
Rating Equal-Weight
Price Action Lowers
Price Target 66 -> 64
 

Statistics

View More

Valuation Measures

Annual
As of 10/30/2026
  • Market Cap

    60.99B

  • Enterprise Value

    86.32B

  • Trailing P/E

    12.94

  • Forward P/E

    12.48

  • PEG Ratio (current)

    1.03

  • Price/Sales (ttm)

    5.23

  • Price/Book (mrq)

    4.35

  • Enterprise Value/Revenue

    7.39

  • Enterprise Value/EBITDA

    11.85

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    39.28%

  • Return on Assets (ttm)

    7.25%

  • Return on Equity (ttm)

    33.69%

  • Revenue (ttm)

    12.03B

  • Net Income Avi to Common (ttm)

    4.72B

  • Diluted EPS (ttm)

    4.65

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    1.03B

  • Total Debt/Equity (mrq)

    183.36%

  • Levered Free Cash Flow (ttm)

    1.37B

Compare

Select to analyze similar companies using key performance metrics; select up to 4 stocks.

Company Insights

Fair Value

60.16 Current
 

Dividend Score

0 Low
Sector Avg.
100 High
 

Hiring Score

0 Low
Sector Avg.
100 High
 

Insider Sentiment Score

0 Low
Sector Avg.
100 High
 

Research Reports

View More
  • MPLX Invests in Gas and NGL Value Chain While Maintaining Crude and Refined Product Operations

    MPLX is a partnership that owns pipelines and gathering and processing assets with extensive holdings in the Appalachian and Permian regions. The asset base is made up of crude oil and refined products assets dropped down from Marathon Petroleum, its sponsor, and natural gas and natural gas liquids gathering and processing assets that were purchased or built.

     
  • MPLX Earnings: 2026 Projects on Track While Full-Year Capital Spending Raised Modestly

    MPLX is a partnership that owns pipelines and gathering and processing assets with extensive holdings in the Appalachian and Permian regions. The asset base is made up of crude oil and refined products assets dropped down from Marathon Petroleum, its sponsor, and natural gas and natural gas liquids gathering and processing assets that were purchased or built.

     
  • MPLX Earnings: Lower Volumes Weigh on Performance; Full-Year Outlook Maintained

    MPLX is a partnership that owns pipelines and gathering and processing assets with extensive holdings in the Appalachian and Permian regions. The asset base is made up of crude oil and refined products assets dropped down from Marathon Petroleum, its sponsor, and natural gas and natural gas liquids gathering and processing assets that were purchased or built.

     
  • MPLX Earnings: Lower Volumes Weigh on Performance; Full-Year Outlook Maintained

    MPLX is a partnership that owns pipelines and gathering and processing assets with extensive holdings in the Appalachian and Permian regions. The asset base is made up of crude oil and refined products assets dropped down from Marathon Petroleum, its sponsor, and natural gas and natural gas liquids gathering and processing assets that were purchased or built.

     

People Also Watch