MPLX LP Unit (MPLX)

Currency in USD
58.10
-0.06(-0.10%)
Real-time Data·
Earnings results expected in 15 days
High dividend Yield
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Fair Value
Day's Range
57.5458.28
52 wk Range
49.0060.95
Key Statistics
Prev. Close
58.16
Open
58.01
Day's Range
57.54-58.28
52 wk Range
49-60.95
Volume
530.84K
Average Volume (3m)
1.41M
1-Year Change
18.7653%
Book Value / Share
13.82
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
62.69
Upside
+7.90%
Members' Sentiments
Bearish
Bullish
ProTips
2 analysts have revised their earnings downwards for the upcoming period

MPLX LP Unit News & Analysis

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Technical Analysis

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

Analyst Ratings

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

Analysts 12-Month Price Target:

Average 62.69
(+7.90% Upside)
Firm
ArticlePositionPrice TargetUpside / DownsideFrom Price TargetActionDate
Morgan Stanley
Hold64.00+10.17%66.00Maintain13-10-2026
Stifel
Hold65.00+11.90%-New Coverage09-09-2026
JPMorgan
Hold62.00+6.73%60.00Maintain02-09-2026
RBC Capital
Buy64.00+10.17%60.00Maintain21-08-2026
Morgan Stanley
Hold66.00+13.62%60.00Maintain12-08-2026

MPLX LP Unit Earnings Call Summary for Q2/2026

  • MPLX Q2 revenue hit $3.31B, beating forecasts by 4.42%; EPS of $1.06 missed by $0.01. Adjusted EBITDA rose 5% YoY to $1.8B despite Rockies sale.
  • Company raised 2026 capex guidance by $500M to $2.9B, accelerating Gulf Coast fractionation project spending originally planned for early 2027.
  • MPLX expects 12.5% distribution growth in both 2026 and 2027, maintaining 1.3x coverage ratio. Returned over $1.1B to unitholders in Q2.
  • Multiple major projects on track: Titan II, Blackcomb, BANGL expansion, and Eiger Express expected online in Q4 2026, supporting mid-single-digit EBITDA growth.
  • Shares traded at $59.21, up 0.5% near 52-week high of $60. Management projects stronger H2 2026 results with Q4 expected to be strongest quarter.
Last Updated: 04-08-2026, 08:14 pm
Read Full Transcript

Earnings

Latest Release
04-08-2026
EPS / Forecast
1.06 / 1.07
Revenue / Forecast
3.31B / 3.17B
EPS Revisions
Last 90 days

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 4.65
Dividend Yield
7.40%
Industry Median 4.19%
Annualised payout
4.31
Paid unevenly
5-Years Growth
+9.38%
Growth Streak

MPLX Income Statement

Compare MPLX to Peers and Sector

Metrics to compare
MPLX
Peers
Sector
Relationship
P/E Ratio
12.4x25.6x5.3x
PEG Ratio
1.181.290.00
Price/Book
4.2x5.3x1.1x
Price / LTM Sales
4.9x5.7x1.5x
Upside (Analyst Target)
7.8%17.3%27.7%
Fair Value Upside
Unlock−4.3%9.3%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
101.26M9.99%5.89B
Other Institutional Investors
745.15M73.50%43.34B
Public Companies & Retail Investors
167.45M16.52%9.74B
Total
1.01B100.00%58.97B

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
Marathon Petroleum Corporation63.86%64,74,15,4523,76,53,683
ALPS ETF Trust - Alerian MLP ETF2.95%2,98,58,88217,36,593

FAQ

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

The MPLX LP Unt share price today is 58.10.

What is the current MPLX LP Unt (MPLX) share price and day range?

As of 19-10-2026, the MPLX LP Unt share price is 58.10, with a previous close of 58.16. The share price has ranged from 57.54 to 58.28 today, while the 52-week range spans from 49.00 to 60.95.

What Is the MPLX LP Unt Market Cap?

As of today, MPLX LP Unt market cap is 58.91B.

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

The MPLX LP Unt dividend yield is 7.4%%.

What Is the MPLX LP Unt (MPLX) Share Price Target?

The average 12-month share price target for MPLX LP Unt is 62.69, with a high estimate of 73 and a low estimate of 54. 6 analysts recommend buying, while 1 suggest selling, with an overall rating of Buy and +7.90% Upside potential.

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

The MPLX LP Unt EPS (TTM) is 4.65.

When Is the Next MPLX LP Unt Earnings Date?

MPLX LP Unt will release its next earnings report on 03-11-2026.

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 Buy.

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."

How Many Times Has MPLX LP Unt Stock Split?

MPLX LP Unt has split 0 times.

What Is the MPLX Premarket Price?

MPLX's last pre-market stock price is 57.80. The pre-market share volume is 1,140.00, and the stock has changed by -0.36, or -0.62%.

What Is the MPLX After Hours Price?

MPLX's last after hours stock price is 58.49, the stock has changed by 0.33, or 0.57%.
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