MPLX's fee-based midstream model generates robust cash conversion, with cumulative operating cash flow of $14.8B exceeding net income of $11.1B over ten quarters. However, a strategic capex surge (capex/revenue up to 24.9% in 2026Q2) and rising leverage (D/E a...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth is volatile, swinging from -0.8% in 2026Q1 to 18.8% in 2026Q2, with gross margin expanding to 56.9% in 2026Q2 from 41.0% in the prior quarter, indicating strong operating leverage.
Wall Street consensus price target of $60.25 suggests an 8.2% upside from the current trading price of $55.67.
MPLX LP is set to report second-quarter results on August 4, 2026, which could drive investor sentiment.
MPLX LP announced a quarterly distribution, indicating consistent returns for investors.
Trailing total returns as of 10/2/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Aug 4, 2026 | $1.06+0.0% vs $1.06 | $3.1B-1.9% vs $3.1B |
Q2 2026 May 5, 2026 | $0.90-14.3% vs $1.05 | $2.8B-9.3% vs $3.1B |
Q1 2026 Feb 3, 2026 | $1.17+10.4% vs $1.06 | $3.3B+2.4% vs $3.2B |
Q4 2025 Nov 4, 2025 | $1.52+42.1% vs $1.07 | $3.6B+14.6% vs $3.2B |
One offers broad energy exposure at rock-bottom costs; the other targets infrastructure with a 7.8% yield. Here's how to choose.
Kinder Morgan, MPLX and Williams offer resilient midstream models, backed by fee-based revenues and long-term contracts amid volatile crude prices.
On CNBC's “Mad Money Lightning Round,” Jim Cramer recommended buying Kinder Morgan (NYSE:KMI), noting that the stock is now undervalued. “It's come down, and it shouldn't have.
In the latest trading session, MPLX LP (MPLX) closed at $56.32, marking a -1.28% move from the previous day.
Benchmark MPLX against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for MPLX Lp (MPLX)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $56.35 | $57.18B | 11.69 | 8.37% | 41.57% | 34.42% | 7% | |
| $35.67 | $77.17B | 13.41 | -6.44% | 10.77% | 20.63% | — | |
| $20.10 | $69.17B | 14.89 | -0.05% | 5.57% | 11.82% | — | |
| $23.70 | $16.72B | 14.28 | -11.61% | 5.3% | 20.8% | — | |
| $44.38 | $18.34B | 14.79 | 6.61% | 29.2% | 32.85% | — | |
| $279.31 | $59.95B | 32.78 | 3.06% | 13.49% | 69.17% | — |
MPLX Lp (MPLX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
MPLX Lp (MPLX) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 4, 2026·SEC
May 5, 2026·SEC
Apr 13, 2026·SEC
Get notified when MPLX posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
MPLX Lp (MPLX) stock FAQ — growth, dividends, profitability & financials explained
MPLX Lp (MPLX) reported $12.89B in revenue for fiscal year 2025. This represents a 3148% increase from $396.9M in 2011.
MPLX Lp (MPLX) grew revenue by 8.4% over the past year. This is steady growth.
Yes, MPLX Lp (MPLX) is profitable, generating $4.74B in net income for fiscal year 2025 (41.6% net margin).
Yes, MPLX Lp (MPLX) pays a dividend with a yield of 7.00%. This makes it attractive for income-focused investors.
MPLX Lp (MPLX) has a return on equity (ROE) of 34.4%. This is excellent, indicating efficient use of shareholder capital.
MPLX Lp (MPLX) generated $4.43B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
