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MPLX LP (MPLX)

Energy | Oil & Gas Midstream | Findlay, United States | NYSE
59.25 USD -0.26 (-0.437%) ⇩ (Aug. 28, 2026, 4 p.m. EDT)
After hours: 59.28 +0.03 (0.047%) ⇧ (Aug. 28, 2026, 7:31 p.m. EDT)

Short-term:★★★⯪☆Long-term:★★★★☆Dividends:★★★☆☆
Hot Take | Aug. 22, 2026, 5:21 a.m. EDT

The long-term investment case remains robust, driven by a decade-long price trajectory that is up nearly 51% and a business generating strong free cash flow with healthy margins. The company has successfully navigated recent volatility, showing no signs of a structural decline despite the sector's cyclicality. The high dividend yield of 7.35% is attractive but comes with a cautionary flag: the payout ratio sits at 90%, indicating the company is distributing almost all of its earnings, which limits flexibility during downturns. This high payout prevents a top-tier dividend rating but does not negate the income potential for a patient holder. In the short term, the stock is trading near its 52-week highs, yet the statistical forecast model shows a very weak directional signal (less than 1% expected move), suggesting the immediate path may be choppy rather than explosive. However, options flow tells a different story: aggressive buying of $65 calls suggests smart money expects a breakout from the current consolidation zone. The tension between the flat statistical forecast and the bullish options positioning implies that the market is pricing in a catalyst or a trend reversal that hasn't fully materialized in daily price action yet. For a swing trader, the options flow offers a better entry thesis than the muted statistical models.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.030695
AutoARIMA0.036767
AutoETS0.036768
MSTL0.037000

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 46%
H-stat 3.95
Ljung-Box p 0.000
Jarque-Bera p 0.000
Excess Kurtosis 1.75
Attribute Value
Sector Energy
Ex Dividend Date 2026-08-06
Last Dividend Date 2026-08-06
Debt to Equity Ratio 183.364
Revenue per Share 11.839
Market Cap 60,122,972,160
Trailing P/E 12.80
Forward P/E 12.36
Beta 0.46
Profit Margins 39.28%
Website https://www.mplx.com

As of Aug. 22, 2026, 5:21 a.m. EDT: Speculators are positioning for a modest upside move, evidenced by heavy open interest concentration at the $65 strike across multiple expirations, significantly outweighing put positioning. However, there is a notable defensive layer of deep out-of-the-money puts ($50-$55) accumulating over longer horizons (2027-2028), suggesting a floor is being established while traders bet on a recovery toward the $60-$65 range.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
1.83% 7.88% 8.16% 8.87%
Dividend History
Date Dividend Yield %
2026-08-07 1.077 1.830077
2026-05-08 1.077 1.994444
2026-02-09 1.077 1.957826
2025-11-07 1.077 2.100644
2025-08-08 0.957 1.898433
2025-05-09 0.957 1.948290
2025-02-03 0.957 1.861506
2024-11-08 0.957 2.081340
2024-08-09 0.850 2.085378
2024-05-02 0.850 2.068127
2024-02-02 0.850 2.270906
2023-11-02 0.850 2.379619
2023-08-03 0.775 2.243126
2023-05-04 0.775 2.279412
2023-02-03 0.775 2.273394
2022-11-14 0.775 2.305861
2022-08-04 0.705 2.309961
2022-05-05 0.705 2.176598
2022-02-03 0.705 2.118390
2021-11-10 1.280 4.162602
2021-08-05 0.688 2.493657
2021-05-06 0.688 2.431955
2021-02-05 0.688 2.920204
2020-11-05 0.688 3.792723
2020-08-06 0.688 3.712898
2020-05-07 0.688 4.149578
2020-02-03 0.688 2.988705
2019-11-01 0.678 2.617761
2019-08-02 0.668 2.313821
2019-05-08 0.658 2.119845
2019-02-04 0.648 1.839864
2018-11-02 0.638 1.933333
2018-08-03 0.628 1.693179
2018-05-04 0.618 1.766219
2018-02-02 0.608 1.672167
2017-11-03 0.588 1.723329
2017-08-03 0.563 1.594449
2017-05-04 0.540 1.620162
2017-02-02 0.520 1.382611
2016-11-02 0.515 1.563923
2016-07-29 0.510 1.571649
2016-04-29 0.505 1.568810
2016-02-02 0.500 1.717033
2015-10-30 0.470 1.211652
2015-07-31 0.440 0.790088
2015-05-01 0.410 0.529442
2015-01-30 0.383 0.481519
2014-10-31 0.358 0.536893
2014-07-31 0.343 0.604405
2014-05-01 0.328 0.593343
2014-01-31 0.313 0.680287
2013-10-31 0.297 0.806189
2013-07-31 0.285 0.797203
2013-05-08 0.273 0.732493
2013-01-31 0.177 0.514236
Additional Data
dividendRate 4.31
dividendYield 7.24
exDividendDate 2026-08-07
trailingAnnualDividendRate 4.306
trailingAnnualDividendYield 0.072357595
lastDividendValue 1.077
lastDividendDate 2026-08-07
dividendDate 2026-08-14

Info Dump

Attribute Value
52 Week Change 0.16754949
Address1 200 East Hardin Street
All Time High 85.57
All Time Low 6.87
Ask 59.75
Ask Size 400
Average Analyst Rating 2.3 - Buy
Average Daily Volume10 Day 1,069,930
Average Daily Volume3 Month 1,431,516
Average Volume 1,431,516
Average Volume10Days 1,069,930
Beta 0.46
Bid 59.0
Bid Size 100
Book Value 13.833
City Findlay
Compensation As Of Epoch Date 1,767,139,200
Country United States
Crypto Tradeable 0
Currency USD
Current Price 59.25
Current Ratio 0.892
Custom Price Alert Confidence HIGH
Date Short Interest 1,786,665,600
Day High 59.75
Day Low 59.245
Debt To Equity 183.364
Dividend Date 1,786,665,600
Dividend Rate 4.31
Dividend Yield 7.24
Earnings Call Timestamp End 1,785,850,200
Earnings Call Timestamp Start 1,785,850,200
Earnings Growth 0.032
Earnings Quarterly Growth 0.028
Earnings Timestamp 1,785,846,600
Earnings Timestamp End 1,793,709,000
Earnings Timestamp Start 1,793,709,000
Ebitda 6,112,999,936
Ebitda Margins 0.50798
Enterprise To Ebitda 13.97
Enterprise To Revenue 7.096
Enterprise Value 85,398,102,016
Eps Current Year 4.32007
Eps Forward 4.79551
Eps Trailing Twelve Months 4.63
Esg Populated 0
Ex Dividend Date 1,786,060,800
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 57.8802
Fifty Day Average Change 1.3698006
Fifty Day Average Change Percent 0.023666134
Fifty Two Week Change Percent 16.75495
Fifty Two Week High 60.95
Fifty Two Week High Change -1.7000008
Fifty Two Week High Change Percent -0.027891727
Fifty Two Week Low 47.8
Fifty Two Week Low Change 11.450001
Fifty Two Week Low Change Percent 0.23953977
Fifty Two Week Range 47.8 - 60.95
Financial Currency USD
First Trade Date Milliseconds 1,351,258,200,000
Five Year Avg Dividend Yield 8.1
Float Shares 364,745,644
Forward Eps 4.79551
Forward P E 12.355308
Free Cashflow 1,366,375,040
Full Exchange Name NYSE
Fullday Change -0.259998
Fullday Change Percent -0.436899
Fullday Price 59.2781
Gmt Off Set Milliseconds -14,400,000
Gross Margins 0.55709
Gross Profits 6,704,000,000
Has Pre Post Market Data 1
Held Percent Insiders 0.64026
Held Percent Institutions 0.19702
Implied Shares Outstanding 1,014,733,719
Industry Oil & Gas Midstream
Industry Disp Oil & Gas Midstream
Industry Key oil-gas-midstream
Is Earnings Date Estimate 1
Language en-US
Last Dividend Date 1,786,060,800
Last Dividend Value 1.077
Last Fiscal Year End 1,767,139,200
Long Business Summary 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.
Long Name MPLX LP
Market us_market
Market Cap 60,122,972,160
Market State CLOSED
Max Age 86,400
Message Board Id finmb_212766522
Most Recent Quarter 1,782,777,600
Net Income To Common 4,723,999,744
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 60,334,704,517
Number Of Analyst Opinions 13
Open 59.25
Operating Cashflow 5,976,000,000
Operating Margins 0.3825
Payout Ratio 0.90019995
Peg Ratio 3.24
Phone 419 422 2121
Post Market Change 0.02809906
Post Market Change Percent 0.047424573
Post Market Price 59.2781
Post Market Time 1,787,959,862
Previous Close 59.51
Price Eps Current Year 13.715056
Price Hint 2
Price To Book 4.2832355
Price To Sales Trailing12 Months 4.9960923
Profit Margins 0.39279997
Quick Ratio 0.814
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key buy
Recommendation Mean 2.26667
Region US
Regular Market Change -0.259998
Regular Market Change Percent -0.436899
Regular Market Day High 59.75
Regular Market Day Low 59.245
Regular Market Day Range 59.245 - 59.75
Regular Market Open 59.25
Regular Market Previous Close 59.51
Regular Market Price 59.25
Regular Market Time 1,787,947,203
Regular Market Volume 672,520
Return On Assets 0.07253
Return On Equity 0.33688
Revenue Growth 0.106
Revenue Per Share 11.839
Sand P52 Week Change 0.20504117
Sector Energy
Sector Disp Energy
Sector Key energy
Shares Outstanding 1,014,733,719
Shares Percent Shares Out 0.0074
Shares Short 7,459,259
Shares Short Previous Month Date 1,784,073,600
Shares Short Prior Month 7,106,766
Short Name MPLX LP
Short Percent Of Float 0.020399999
Short Ratio 4.57
Source Interval 15
State OH
Symbol MPLX
Target High Price 73.0
Target Low Price 54.0
Target Mean Price 62.23077
Target Median Price 63.0
Total Cash 1,031,000,000
Total Cash Per Share 1.017
Total Debt 26,133,000,192
Total Revenue 12,033,999,872
Tradeable 0
Trailing Annual Dividend Rate 4.306
Trailing Annual Dividend Yield 0.072357595
Trailing Eps 4.63
Trailing P E 12.796976
Trailing Peg Ratio 3.3039
Triggerable 1
Two Hundred Day Average 56.21825
Two Hundred Day Average Change 3.0317497
Two Hundred Day Average Change Percent 0.05392821
Type Disp Equity
Volume 672,520
Website https://www.mplx.com
Zip 45,840-3229