MPLX Stock Analysis: MPLX | NYSE
Oil & Gas Midstream | NYSE, USA | Market Cap: 59.949m USD | 12M Return: 28.6% | US55336V1008 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 65.2M
EPS Trend: 92.7%
Qual. Beats: 0
Rev. Trend: 97.0%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
MPLX LP is a US-based midstream energy infrastructure and logistics company that operates pipelines, terminals, storage facilities, and marine assets across two reporting segments: Crude Oil and Products Logistics, and Natural Gas and NGL Services. Its activities span the gathering, processing, transportation, fractionation, storage, and marketing of natural gas, natural gas liquids, crude oil, refined products, and other hydrocarbon-based and renewable products. The company also runs an inland marine business transporting light products, heavy oils, crude oil, renewable fuels, chemicals, and feedstocks via boat and barge fleets in the Mid-Continent and Gulf Coast regions, along with a marine repair facility on the Ohio River.
MPLX is structured as a master limited partnership (MLP), a common organizational form in the midstream energy sector that typically passes through a significant portion of taxable income to unitholders. It is headquartered in Findlay, Ohio, was incorporated in 2012, and operates as a subsidiary of Marathon Petroleum Corporation, with MPLX GP LLC serving as its general partner. The company is classified within the Energy sector under the Oil & Gas Storage & Transportation sub-industry.
- Permian gas processing volumes boost NGL segment revenue
- Crude oil pipeline tariffs rise on Permian production growth
- Distribution increases funded by Marathon Petroleum dropdowns
| Net Income: 4.74b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.10 > 0.02 and ΔFCF/TA -2.68 > 1.0 |
| NWC/Revenue: -2.70% < 20% (prev 0.92%; Δ -3.62% < -1%) |
| CFO/TA 0.14 > 3% & CFO 5.98b > Net Income 4.74b |
| Net Debt (25.4b) to EBITDA (7.33b): 3.46 < 3 |
| Current Ratio: 0.89 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.01b) vs 12m ago -0.49% < -2% |
| Gross Margin: 52.17% > 18% (prev 43.97%; Δ 8.20% > 0.5%) |
| Asset Turnover: 31.90% > 50% (prev 29.84%; Δ 2.07% > 0%) |
| Interest Coverage Ratio: 5.21 > 6 (EBIT TTM 5.91b / Interest Expense TTM 1.14b) |
| DSRI: 0.90 (Receivables 1.59b/1.55b, Revenue 12.9b/11.3b) |
| GMI: 0.84 (GM 43.97% / 52.17%) |
| AQI: 1.01 (AQ_t 0.40 / AQ_t-1 0.40) |
| SGI: 1.14 (Revenue 12.9b / 11.3b) |
| TATA: -0.03 (NI 4.74b - CFO 5.98b) / TA 43.0b) |
| Beneish M = -3.15 (Cap -4..+1) = AA |
As of October 31, 2026, the stock is trading at USD 60.16 with a total of 1,482,939 shares traded. Over the past week, the price has changed by +1.74%, over one month by +5.45%, over three months by +6.32% and over the past year by +28.60%.
Current recommended Stop Loss: 58.70 (which is 2.4% or 1.4 ATR below the current price).
MPLX has received a consensus analysts rating of 3.60. Therefore, it is recommended to hold MPLX.
- StrongBuy: 4
- Buy: 2
- Hold: 8
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 62.7 | 4.2% |
P/E Trailing = 12.7161
P/E Forward = 12.0192
P/S = 4.9817
P/B = 4.1871
P/EG = 3.0427
Revenue TTM = 12.9b USD
EBIT TTM = 5.91b USD
EBITDA TTM = 7.33b USD
Long Term Debt = 24.4b USD (from longTermDebt, last quarter)
Short Term Debt = 1.30b USD (from shortTermDebt, last quarter)
Debt = 26.4b USD (from shortLongTermDebtTotal, last quarter) + Leases 493.0m
Net Debt = 25.4b USD (calculated: Debt 26.4b - CCE 1.03b)
Enterprise Value = 85.3b USD (59.9b + Debt 26.4b - CCE 1.03b)
Interest Coverage Ratio = 5.21 (Ebit TTM 5.91b / Interest Expense TTM 1.14b)
EV/FCF = 19.26x (Enterprise Value 85.3b / FCF TTM 4.43b)
FCF Yield = 5.19% (FCF TTM 4.43b / Enterprise Value 85.3b)
FCF Margin = 34.37% (FCF TTM 4.43b / Revenue TTM 12.9b)
Net Margin = 36.75% (Net Income TTM 4.74b / Revenue TTM 12.9b)
Gross Margin = 52.17% ((Revenue TTM 12.9b - Cost of Revenue TTM 6.17b) / Revenue TTM)
Gross Margin QoQ = 56.91% (prev 41.01%)
Tobins Q-Ratio = 1.99 (Enterprise Value 85.3b / Total Assets 43.0b)
Interest Expense / Debt = 4.30% (Interest Expense 1.14b / Debt 26.4b)
Taxrate = 0.19% (9.00m / 4.78b)
NOPAT = 5.90b (EBIT 5.91b * (1 - 0.19%))
Current Ratio = 0.89 (Total Current Assets 2.88b / Total Current Liabilities 3.22b)
Debt / Equity = 1.88 (Debt 26.4b / totalStockholderEquity, last quarter 14.0b)
Debt / EBITDA = 3.46 (Net Debt 25.4b / EBITDA 7.33b)
Debt / FCF = 5.72 (Net Debt 25.4b / FCF TTM 4.43b)
Total Stockholder Equity = 14.2b (last 4 quarters mean from totalStockholderEquity)
RoA = 11.72% (Net Income 4.74b / Total Assets 43.0b)
RoE = 33.42% (Net Income TTM 4.74b / Total Stockholder Equity 14.2b)
RoCE = 15.33% (EBIT 5.91b / Capital Employed (Equity 14.2b + L.T.Debt 24.4b))
RoIC = 14.60% (NOPAT 5.90b / Invested Capital 40.4b)
WACC = 5.74% (E(59.9b)/V(86.3b) * Re(6.37%) + D(26.4b)/V(86.3b) * Rd(4.30%) * (1-Tc(0.00)))
Discount Rate = 6.37% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 13.21 | Cagr: 0.31%
[DCF] Terminal Value 73.98% ; FCFF base≈4.62b ; Y1≈4.26b ; Y5≈3.79b
[DCF] Fair Price = 34.31 (EV 60.1b - Net Debt 25.4b = Equity 34.8b / Shares 1.01b; r=8.35% [WACC [floored]]; 5y FCF grow -9.89% → 2.50% )
EPS Correlation: 92.73 | EPS CAGR: 9.66% | SUE: 0.11 | # QB: 0
Revenue Correlation: 96.97 | Revenue CAGR: 8.79% | SUE: 0.36 | # QB: 0
EPS current Quarter (2026-09-30): EPS=1.14 | Chg30d=-2.13% | Revisions=-40% | Analysts=6
EPS current Year (2026-12-31): EPS=4.33 | Chg30d=-0.86% | Revisions=-40% | GrowthEPS=+0.0% | GrowthRev=+1.0%
EPS next Year (2027-12-31): EPS=4.80 | Chg30d=-0.64% | Revisions=+0% | GrowthEPS=+10.6% | GrowthRev=+7.3%
[Analyst] Revisions Ratio: -44% (up=1, down=5)