(MPLX) MPLX - NYSE
Sector: Energy | Industry: Oil & Gas Midstream | Exchange: NYSE (USA) | Market Cap: 57.708m USD | Total Return: 19.7% in 12m
Avg Turnover: 89.1M
EPS Trend: 95.7%
Qual. Beats: -1
Rev. Trend: 95.5%
Qual. Beats: 0
Warnings
Fakeout
Tailwinds
Confidence
MPLX LP is a diversified master limited partnership (MLP) headquartered in Findlay, Ohio, that manages midstream energy infrastructure. The company operates through two primary segments: Crude Oil and Products Logistics, and Natural Gas and NGL Services. Its extensive asset base includes pipelines, storage caverns, rail facilities, and one of the largest inland marine fleets in the United States for transporting liquid hydrocarbons and renewable fuels.
The midstream sector functions as the critical link between upstream production and downstream refining, typically generating revenue through fee-based contracts that reduce direct exposure to commodity price volatility. As a subsidiary of Marathon Petroleum Corporation, MPLX benefits from a captive customer base and integrated logistics support for one of the largest refining systems in the country. Investors may find additional insights into the companys valuation and distribution history on ValueRay.
- Natural gas processing volumes in Marcellus and Utica shale basins drive revenue
- Logistics segment earnings depend on parent company Marathon Petroleum refining utilization
- High distribution yield and free cash flow levels attract income-focused investors
- Federal regulatory shifts and pipeline permitting delays impact long-term infrastructure expansion
- Crude oil and refined product throughput volumes dictate pipeline segment profitability
| Net Income: 4.70b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.12 > 0.02 and ΔFCF/TA -0.78 > 1.0 |
| NWC/Revenue: 2.67% < 20% (prev 3.15%; Δ -0.48% < -1%) |
| CFO/TA 0.14 > 3% & CFO 6.01b > Net Income 4.70b |
| Net Debt (25.1b) to EBITDA (7.21b): 3.48 < 3 |
| Current Ratio: 1.10 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.02b) vs 12m ago -0.29% < -2% |
| Gross Margin: 48.98% > 18% (prev 44.15%; Δ 4.83% > 0.5%) |
| Asset Turnover: 30.20% > 50% (prev 28.71%; Δ 1.49% > 0%) |
| Interest Coverage Ratio: 5.32 > 6 (EBIT TTM 5.83b / Interest Expense TTM 1.10b) |
| DSRI: 0.92 (Receivables 1.77b/1.75b, Revenue 12.4b/11.2b) |
| GMI: 0.90 (GM 44.15% / 48.98%) |
| AQI: 1.04 (AQ_t 0.39 / AQ_t-1 0.38) |
| SGI: 1.11 (Revenue 12.4b / 11.2b) |
| TATA: -0.03 (NI 4.70b - CFO 6.01b) / TA 42.9b) |
| Beneish M = -3.09 (Cap -4..+1) = AA |
As of June 21, 2026, the stock is trading at USD 56.84 with a total of 3,188,500 shares traded.
Over the past week, the price has changed by +0.62%,
over one month by +2.25%,
over three months by -0.57% and
over the past year by +19.67%.
MPLX has received a consensus analysts rating of 3.80. Therefore, it is recommended to hold MPLX.
- StrongBuy: 4
- Buy: 5
- Hold: 5
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 60.7 | 6.8% |
P/E Trailing = 12.3095
P/E Forward = 12.4688
P/S = 4.9176
P/B = 4.1012
P/EG = 3.3982
Revenue TTM = 12.4b USD
EBIT TTM = 5.83b USD
EBITDA TTM = 7.21b USD
Long Term Debt = 24.4b USD (from longTermDebt, last quarter)
Short Term Debt = 1.31b USD (from shortTermDebt, last quarter)
Debt = 26.6b USD (from shortLongTermDebtTotal, last quarter) + Leases 500.0m
Net Debt = 25.1b USD (calculated: Debt 26.6b - CCE 1.51b)
Enterprise Value = 82.8b USD (57.7b + Debt 26.6b - CCE 1.51b)
Interest Coverage Ratio = 5.32 (Ebit TTM 5.83b / Interest Expense TTM 1.10b)
EV/FCF = 16.61x (Enterprise Value 82.8b / FCF TTM 4.99b)
FCF Yield = 6.02% (FCF TTM 4.99b / Enterprise Value 82.8b)
FCF Margin = 40.33% (FCF TTM 4.99b / Revenue TTM 12.4b)
Net Margin = 37.99% (Net Income TTM 4.70b / Revenue TTM 12.4b)
Gross Margin = 48.98% ((Revenue TTM 12.4b - Cost of Revenue TTM 6.31b) / Revenue TTM)
Gross Margin QoQ = 41.01% (prev 47.30%)
Tobins Q-Ratio = 1.93 (Enterprise Value 82.8b / Total Assets 42.9b)
Interest Expense / Debt = 4.12% (Interest Expense 1.10b / Debt 26.6b)
Taxrate = 0.17% (8.00m / 4.75b)
NOPAT = 5.82b (EBIT 5.83b * (1 - 0.17%))
Current Ratio = 1.10 (Total Current Assets 3.52b / Total Current Liabilities 3.19b)
Debt / Equity = 1.89 (Debt 26.6b / totalStockholderEquity, last quarter 14.1b)
Debt / EBITDA = 3.48 (Net Debt 25.1b / EBITDA 7.21b)
Debt / FCF = 5.04 (Net Debt 25.1b / FCF TTM 4.99b)
Total Stockholder Equity = 14.1b (last 4 quarters mean from totalStockholderEquity)
RoA = 11.47% (Net Income 4.70b / Total Assets 42.9b)
RoE = 33.27% (Net Income TTM 4.70b / Total Stockholder Equity 14.1b)
RoCE = 15.14% (EBIT 5.83b / Capital Employed (Equity 14.1b + L.T.Debt 24.4b))
RoIC = 14.40% (NOPAT 5.82b / Invested Capital 40.4b)
WACC = 6.05% (E(57.7b)/V(84.3b) * Re(6.94%) + D(26.6b)/V(84.3b) * Rd(4.12%) * (1-Tc(0.00)))
Discount Rate = 6.94% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 2.45 | Cagr: 0.62%
[DCF] Terminal Value 75.86% ; FCFF base≈4.93b ; Y1≈5.08b ; Y5≈5.67b
[DCF] Fair Price = 61.67 (EV 87.7b - Net Debt 25.1b = Equity 62.6b / Shares 1.01b; r=8.35% [WACC [floored]]; 5y FCF grow 3.21% → 2.50% )
EPS Correlation: 95.72 | EPS CAGR: 11.28% | SUE: -1.11 | # QB: -1
Revenue Correlation: 95.49 | Revenue CAGR: 7.70% | SUE: -0.48 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.17 | Chg30d=+5.72% | Revisions=+33% | Analysts=3
EPS next Quarter (2026-09-30): EPS=1.23 | Chg30d=+8.54% | Revisions=+33% | Analysts=3
EPS current Year (2026-12-31): EPS=4.58 | Chg30d=+0.54% | Revisions=-14% | GrowthEPS=+5.6% | GrowthRev=-0.1%
EPS next Year (2027-12-31): EPS=4.94 | Chg30d=+0.17% | Revisions=+14% | GrowthEPS=+7.9% | GrowthRev=+6.4%
[Analyst] Revisions Ratio: +33%