(MPLX) MPLX - Overview
Stock: Pipeline, Storage, Marine, Terminal, Processing, Fractionation
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 7.81% |
| Yield on Cost 5y | 26.82% |
| Yield CAGR 5y | 4.24% |
| Payout Consistency | 98.7% |
| Payout Ratio | 83.6% |
| Risk 5d forecast | |
|---|---|
| Volatility | 16.6% |
| Relative Tail Risk | -0.86% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.53 |
| Alpha | 6.60 |
| Character TTM | |
|---|---|
| Beta | 0.505 |
| Beta Downside | 0.729 |
| Drawdowns 3y | |
|---|---|
| Max DD | 14.58% |
| CAGR/Max DD | 1.89 |
Description: MPLX MPLX January 29, 2026
MPLX LP (NYSE:MPLX) is a midstream energy infrastructure and logistics firm headquartered in Findlay, Ohio. It operates as a subsidiary of Marathon Petroleum Corporation and is organized into two primary segments: Crude Oil & Products Logistics and Natural Gas & NGL Services.
Across its network, MPLX manages roughly 3.5 billion cubic feet per day (Bcfd) of natural-gas gathering and processing capacity, with 2024 utilization averaging 85 %. The company generated $2.1 billion of operating cash flow in 2024, supporting a quarterly dividend of $0.27 per share (≈ 5.5 % yield). Its inland marine fleet transports over 1 million barrels per day of crude, refined products, and renewable fuels along the Mid-Continent and Gulf Coast corridors.
The business is sensitive to three macro drivers: (1) U.S. natural-gas price spreads, which have widened by ~30 % year-over-year due to colder winter demand and constrained production; (2) refinery crack spreads, which remain above the 5-year average, bolstering demand for MPLX’s crude-oil logistics; and (3) the Renewable Fuel Standard, which is increasing the volume of ethanol and biodiesel that must be blended and transported, expanding MPLX’s renewable-fuel logistics footprint.
For a deeper quantitative dive, you may want to explore MPLX’s metrics on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 6.5
| Net Income: 4.82b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.13 > 0.02 and ΔFCF/TA 1.06 > 1.0 |
| NWC/Revenue: 9.01% < 20% (prev -0.46%; Δ 9.46% < -1%) |
| CFO/TA 0.14 > 3% & CFO 6.09b > Net Income 4.82b |
| Net Debt (24.32b) to EBITDA (7.15b): 3.40 < 3 |
| Current Ratio: 1.31 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.02b) vs 12m ago -0.10% < -2% |
| Gross Margin: 49.02% > 18% (prev 0.44%; Δ 4857 % > 0.5%) |
| Asset Turnover: 29.69% > 50% (prev 27.88%; Δ 1.81% > 0%) |
| Interest Coverage Ratio: 6.01 > 6 (EBITDA TTM 7.15b / Interest Expense TTM 969.0m) |
Beneish M -3.12
| DSRI: 0.88 (Receivables 1.57b/1.57b, Revenue 12.13b/10.74b) |
| GMI: 0.91 (GM 49.02% / 44.45%) |
| AQI: 1.03 (AQ_t 0.39 / AQ_t-1 0.38) |
| SGI: 1.13 (Revenue 12.13b / 10.74b) |
| TATA: -0.03 (NI 4.82b - CFO 6.09b) / TA 43.23b) |
| Beneish M-Score: -3.12 (Cap -4..+1) = AA |
What is the price of MPLX shares?
Over the past week, the price has changed by +1.32%, over one month by +4.21%, over three months by +12.90% and over the past year by +13.24%.
Is MPLX a buy, sell or hold?
- StrongBuy: 4
- Buy: 5
- Hold: 5
- Sell: 1
- StrongSell: 0
What are the forecasts/targets for the MPLX price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 57.2 | 2.4% |
| Analysts Target Price | 57.2 | 2.4% |
| ValueRay Target Price | 72.9 | 30.3% |
MPLX Fundamental Data Overview January 24, 2026
P/E Forward = 11.6279
P/S = 4.8684
P/B = 3.957
P/EG = 2.4019
Revenue TTM = 12.13b USD
EBIT TTM = 5.83b USD
EBITDA TTM = 7.15b USD
Long Term Debt = 24.14b USD (from longTermDebt, last quarter)
Short Term Debt = 1.50b USD (from shortTermDebt, last quarter)
Debt = 26.09b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 24.32b USD (from netDebt column, last quarter)
Enterprise Value = 79.92b USD (56.63b + Debt 26.09b - CCE 2.80b)
Interest Coverage Ratio = 6.01 (Ebit TTM 5.83b / Interest Expense TTM 969.0m)
EV/FCF = 13.83x (Enterprise Value 79.92b / FCF TTM 5.78b)
FCF Yield = 7.23% (FCF TTM 5.78b / Enterprise Value 79.92b)
FCF Margin = 47.63% (FCF TTM 5.78b / Revenue TTM 12.13b)
Net Margin = 39.71% (Net Income TTM 4.82b / Revenue TTM 12.13b)
Gross Margin = 49.02% ((Revenue TTM 12.13b - Cost of Revenue TTM 6.19b) / Revenue TTM)
Gross Margin QoQ = 60.82% (prev 43.65%)
Tobins Q-Ratio = 1.85 (Enterprise Value 79.92b / Total Assets 43.23b)
Interest Expense / Debt = 0.93% (Interest Expense 243.0m / Debt 26.09b)
Taxrate = 0.19% (3.00m / 1.56b)
NOPAT = 5.81b (EBIT 5.83b * (1 - 0.19%))
Current Ratio = 1.31 (Total Current Assets 4.59b / Total Current Liabilities 3.50b)
Debt / Equity = 1.82 (Debt 26.09b / totalStockholderEquity, last quarter 14.30b)
Debt / EBITDA = 3.40 (Net Debt 24.32b / EBITDA 7.15b)
Debt / FCF = 4.21 (Net Debt 24.32b / FCF TTM 5.78b)
Total Stockholder Equity = 13.93b (last 4 quarters mean from totalStockholderEquity)
RoA = 11.79% (Net Income 4.82b / Total Assets 43.23b)
RoE = 34.58% (Net Income TTM 4.82b / Total Stockholder Equity 13.93b)
RoCE = 15.30% (EBIT 5.83b / Capital Employed (Equity 13.93b + L.T.Debt 24.14b))
RoIC = 15.90% (NOPAT 5.81b / Invested Capital 36.56b)
WACC = 5.62% (E(56.63b)/V(82.72b) * Re(7.78%) + D(26.09b)/V(82.72b) * Rd(0.93%) * (1-Tc(0.00)))
Discount Rate = 7.78% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 81.65 | Cagr: 0.79%
[DCF Debug] Terminal Value 86.86% ; FCFF base≈5.36b ; Y1≈5.67b ; Y5≈6.69b
Fair Price DCF = 171.2 (EV 198.44b - Net Debt 24.32b = Equity 174.12b / Shares 1.02b; r=5.90% [WACC]; 5y FCF grow 6.18% → 2.90% )
EPS Correlation: 64.89 | EPS CAGR: 19.47% | SUE: 4.0 | # QB: 1
Revenue Correlation: 64.41 | Revenue CAGR: 9.29% | SUE: 1.46 | # QB: 1
EPS next Quarter (2026-03-31): EPS=1.10 | Chg30d=-0.007 | Revisions Net=+2 | Analysts=4
EPS next Year (2026-12-31): EPS=4.58 | Chg30d=-0.015 | Revisions Net=+0 | Growth EPS=-0.6% | Growth Revenue=+4.2%