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MPLX LP (MPLX)

Energy | Oil & Gas Midstream | Findlay, United States | NYSE
57.53 USD +0.31 (0.551%) ⇧ (July 14, 2026, 9:41 a.m. EDT)

Short-term:★★⯪☆☆Long-term:★★★⯪☆Dividends:★★★☆☆
Hot Take | July 11, 2026, 4:32 a.m. EDT

MPLX presents a compelling value proposition for income-focused investors, trading at a discount to its historical growth trajectory despite robust underlying fundamentals. The company boasts a fortress-like balance sheet typical of midstream assets, with a massive free cash flow engine supporting a generous 7.5% yield that has been consistently raised. However, the recent quarterly earnings miss and the resulting drop in guidance have introduced a cloud of uncertainty that the market is pricing in, pushing the stock down to attractive valuations. While the long-term business model remains resilient with strong margins and a growing distribution, the immediate outlook is muted by these execution risks. The options market reflects this tension, with heavy put activity suggesting fear of further downside, yet the massive call wall at $60 implies a belief that the stock will eventually recover. This creates a 'wait-and-see' environment where the thesis is sound, but the timing is unclear.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.011765
MSTL_700.014476
MSTL0.017154
AutoETS0.019006
AutoARIMA0.019008
MSTL_70_1260.019422
MSTL_1260.020561

Forecast horizon: 60 days | Selected: AutoTheta

Forecast Reliability
Score 55%
H-stat 1.18
Ljung-Box p 0.000
Jarque-Bera p 0.534
Excess Kurtosis 0.05
Attribute Value
Sector Energy
Ex Dividend Date 2026-05-07
Last Dividend Date 2026-05-07
Debt to Equity Ratio 182.794
Revenue per Share 11.53
Market Cap 58,377,629,696
Trailing P/E 12.40
Forward P/E 11.69
Beta 0.45
Profit Margins 40.03%
Website https://www.mplx.com

As of July 11, 2026, 4:32 a.m. EDT: Speculators are positioning for a range-bound to slightly bullish outcome over the next year. Call Open Interest is heavily concentrated at the $60 strike across multiple expirations, acting as a significant resistance wall, while the $55 strike serves as the primary anchor. Put volume is notably elevated relative to calls in the near term (July/August), suggesting hedging or defensive positioning against volatility, though long-dated puts show lower interest. Implied Volatility is compressed for near-term strikes compared to longer-dated ones, indicating a market expectation of stability rather than a major crash or rally.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
1.99% 7.95% 8.30% 9.00%
Dividend History
Date Dividend Yield %
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 7.56
exDividendDate 2026-05-08
trailingAnnualDividendRate 4.186
trailingAnnualDividendYield 0.07316263
lastDividendValue 1.077
lastDividendDate 2026-05-08
dividendDate 2026-05-15

Info Dump

Attribute Value
52 Week Change 0.12817979
Address1 200 East Hardin Street
All Time High 85.57
All Time Low 6.87
Ask 57.53
Ask Size 100
Average Analyst Rating 2.1 - Buy
Average Daily Volume10 Day 1,124,120
Average Daily Volume3 Month 1,871,686
Average Volume 1,871,686
Average Volume10Days 1,124,120
Beta 0.452
Bid 57.12
Bid Size 700
Book Value 13.863
City Findlay
Compensation As Of Epoch Date 1,767,139,200
Country United States
Crypto Tradeable 0
Currency USD
Current Price 57.53
Current Ratio 1.103
Custom Price Alert Confidence HIGH
Date Short Interest 1,782,777,600
Day High 57.595
Day Low 57.26
Debt To Equity 182.794
Dividend Date 1,778,803,200
Dividend Rate 4.31
Dividend Yield 7.56
Earnings Call Timestamp End 1,785,873,600
Earnings Call Timestamp Start 1,785,873,600
Earnings Growth -0.184
Earnings Quarterly Growth -0.19
Earnings Timestamp 1,785,846,600
Earnings Timestamp End 1,785,846,600
Earnings Timestamp Start 1,785,846,600
Ebitda 5,997,000,192
Ebitda Margins 0.51104
Enterprise To Ebitda 13.825
Enterprise To Revenue 7.065
Enterprise Value 82,906,914,816
Eps Current Year 4.54824
Eps Forward 4.92284
Eps Trailing Twelve Months 4.64
Esg Populated 0
Ex Dividend Date 1,778,198,400
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 56.0856
Fifty Day Average Change 1.444397
Fifty Day Average Change Percent 0.025753437
Fifty Two Week Change Percent 12.817979
Fifty Two Week High 59.98
Fifty Two Week High Change -2.4500008
Fifty Two Week High Change Percent -0.040846962
Fifty Two Week Low 47.8
Fifty Two Week Low Change 9.73
Fifty Two Week Low Change Percent 0.20355648
Fifty Two Week Range 47.8 - 59.98
Financial Currency USD
First Trade Date Milliseconds 1,351,258,200,000
Five Year Avg Dividend Yield 8.17
Float Shares 365,760,769
Forward Eps 4.92284
Forward P E 11.686343
Free Cashflow 1,930,125,056
Full Exchange Name NYSE
Gmt Off Set Milliseconds -14,400,000
Gross Margins 0.56114
Gross Profits 6,584,999,936
Has Pre Post Market Data 1
Held Percent Insiders 0.6397
Held Percent Institutions 0.20243
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 0
Language en-US
Last Dividend Date 1,778,198,400
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 58,377,629,696
Market State REGULAR
Max Age 86,400
Message Board Id finmb_212766522
Most Recent Quarter 1,774,915,200
Net Income To Common 4,694,000,128
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 58,052,916,063
Number Of Analyst Opinions 14
Open 57.31
Operating Cashflow 6,009,999,872
Operating Margins 0.36134
Payout Ratio 0.8801
Peg Ratio 3.4
Phone 419 422 2121
Previous Close 57.215
Price Eps Current Year 12.648848
Price Hint 2
Price To Book 4.149895
Price To Sales Trailing12 Months 4.9746594
Profit Margins 0.40034
Quick Ratio 1.022
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key buy
Recommendation Mean 2.13333
Region US
Regular Market Change 0.31499863
Regular Market Change Percent 0.55055255
Regular Market Day High 57.595
Regular Market Day Low 57.26
Regular Market Day Range 57.26 - 57.595
Regular Market Open 57.31
Regular Market Previous Close 57.215
Regular Market Price 57.53
Regular Market Time 1,784,036,502
Regular Market Volume 13,565
Return On Assets 0.07042
Return On Equity 0.33407003
Revenue Growth -0.028
Revenue Per Share 11.53
Sand P52 Week Change 0.20365608
Sector Energy
Sector Disp Energy
Sector Key energy
Shares Outstanding 1,014,733,719
Shares Percent Shares Out 0.0058999998
Shares Short 5,979,529
Shares Short Previous Month Date 1,780,012,800
Shares Short Prior Month 6,457,486
Short Name MPLX LP
Short Percent Of Float 0.0163
Short Ratio 4.1
Source Interval 15
State OH
Symbol MPLX
Target High Price 73.0
Target Low Price 54.0
Target Mean Price 60.85714
Target Median Price 60.0
Total Cash 1,506,000,000
Total Cash Per Share 1.484
Total Debt 26,133,999,616
Total Revenue 11,735,000,064
Tradeable 0
Trailing Annual Dividend Rate 4.186
Trailing Annual Dividend Yield 0.07316263
Trailing Eps 4.64
Trailing P E 12.398707
Trailing Peg Ratio 3.403
Triggerable 1
Two Hundred Day Average 54.8281
Two Hundred Day Average Change 2.7019005
Two Hundred Day Average Change Percent 0.049279485
Type Disp Equity
Volume 13,565
Website https://www.mplx.com
Zip 45,840-3229