MPLX Lp

MPLX is rapidly expanding its natural gas and crude oil platform, especially in the Permian Basin, and stands out for its balanced business model. MPLX delivered mid-single-digit year-over-year EBITDA growth in Q2 and maintains a strong 1.3x distribution coverage ratio, supporting further distribution increases. Trading at 11.8x EBITDA, MPLX offers up to 11% upside, with a fair value range of $60.65–$65.70 based on superior distribution growth.

MPLX LP didn't just team up with a pipeline rival; it also teamed up with two rivals in the upstream sector, too.

Four pipeline giants kept paying investors through the 2020 energy crash without skipping a beat, and they are doing something structurally different from most high-yield stocks that explains why the income holds when oil prices collapse.

FINDLAY, Ohio, Sept. 17, 2026 /PRNewswire/ -- MPLX LP (NYSE: MPLX) will host a conference call on Tuesday, November 3, 2026, at 9:30 a.m.