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StockVS

NYSE · Oil & Gas Midstream · USD

MPLX LP (MPLX) Stock Analysis

MPLX LP (MPLX) is a Oil & Gas Midstream stock listed on NYSE and quoted in US Dollar.

MPLX

$59.67

+$0.33 (+0.56%)

Sep 4, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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MPLX Key Statistics

As of Sep 4, 2026
Trading
Open
$59.28
Previous Close
$59.34
Day's Range
58.94–59.77
52-Week Range
47.80–60.95
Volume
1.01M
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.46
Valuation
Market Cap
$60.50B
P/E Ratio
12.75
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
12.31
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
3.04
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
5.03
EPS (ttm)Profit attributable to each share over the last twelve months.
4.68
Financials (FY)
Revenue (FY)
$11.47B+5.23%
Net Income (FY)
$4.91B+13.78%
Profit marginThe share of revenue left as profit after all costs and taxes.
39.28%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
1.01B
1-Year Return
+26.95%
Dividend and dates
Dividend
$4.31+7.26%
Ex-Dividend Date
August 7, 2026
Earnings Date
November 3, 2026estimated
Avg Volume
1.41M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

MPLX Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+18.33%
2025+20.54%
2024+41.72%
2023+22.46%
2022+21.09%
2021+53.93%
2020−1.78%
2019−8.24%
2018−8.43%
2017+9.00%
2016 (partial year)+6.50%

As of September 4, 2026.

MPLX Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$11.47B$4.91B42.8%
2024$10.90B$4.32B39.6%
2023$10.43B$3.93B37.6%
2022$10.54B$3.94B37.4%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$11.47B$5.00B$4.76B$4.91B42.8%
2024$10.90B$4.82B$4.47B$4.32B39.6%
2023$10.43B$4.56B$4.21B$3.93B37.6%
2022$10.54B$4.29B$4.44B$3.94B37.4%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

MPLX Dividend History

$3.95+12.6% vs 2024

Dividends per share, 2025 · 4 payments

YearDividends per sharePaymentsChange
2026*$3.233—
2025$3.954+12.6%
2024$3.514+10.5%
2023$3.184+9.9%
YearDividends per sharePaymentsChange
2026 (partial year)$3.233—
2025$3.954+12.6%
2024$3.514+10.5%
2023$3.184+9.9%
2022$2.894−13.6%
2021$3.344+21.5%
2020$2.754+3.8%
2019$2.654+6.4%
2018$2.494+12.7%
2017$2.214+329.3%
2016$0.521—

Most recent payment: $1.08 per share, ex-dividend August 7, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

MPLX Valuation vs Oil & Gas Midstream Median

Median of 65 stocks
MetricMPLXOil & Gas Midstream medianvs median
P/E12.7515.5418% below
P/S ratio5.032.6590% above
Profit margin39.28%20.00%19.3 pts above

Medians across 65 Oil & Gas Midstream stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Recent News

All 20 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

The market values MPLX LP (MPLX) at $60.50B. The company sits in the Energy sector, in the Oil & Gas Midstream industry.

The 52-week range on file runs from $47.80 to $60.95. MPLX last closed at $59.67 on September 4, 2026. That is +$0.33 (+0.56%) against the previous close. The latest close sits 24.83% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2025, shows revenue of $11.47B. That is +5.23% against the prior fiscal year, when revenue was $10.90B. The same year closed with net income of $4.91B. That is +13.78% against the prior fiscal year. The reported profit margin is 39.28%. That is 19.3 percentage points above the Oil & Gas Midstream median of 20%. Earnings per share on a trailing basis come to 4.68.

Across the 4 fiscal years on file, revenue moves from $10.54B in 2022 to $11.47B in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

On trailing earnings, the shares are priced at 12.75 times earnings. That is 17.95% below the Oil & Gas Midstream median of 15.54. The forward P/E on file is 12.31. The PEG ratio, which sets the P/E against expected earnings growth, reads 3.04. The price-to-sales ratio is 5.03. On price-to-sales that is 89.58% above the Oil & Gas Midstream median of 2.65. The medians here are taken across 65 Oil & Gas Midstream companies that report the metric.

The reported beta is 0.46. Daily returns over the trailing 10 years annualize to a volatility of 30.38%. The trailing one-year price return is +26.95%. Across 10 years the annualized return works out at +15.85%.

Growth & Income

The trailing dividend yield is 7.26%. That is 1.9 percentage points above the Oil & Gas Midstream median yield of 5.35%. The indicated annual rate is $4.31 a share. The ex-dividend date on file is August 7, 2026. Dividends are recorded for 11 calendar years; 2026 shows 3 payments totalling $3.23 a share. The year before, 2025, totalled $3.95 a share.

So far in 2026 the price is +18.33%. The strongest complete calendar year on file is 2021 at +53.93%; the weakest is 2018 at −8.43%. Of the 9 complete calendar years on file, 6 finished higher.

Peer Comparison

MPLX LP (MPLX) operates in the Oil & Gas Midstream industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
MPLX LP MPLX $60.50B 12.8
Enbridge Inc. ENB $109.40B 26.9
The Williams Companies, Inc. WMB $90.70B 29.5
Enterprise Products Partners L.P. EPD $84.09B 13.6

The Oil & Gas Midstream industry average P/E ratio is 15.5x. MPLX LP trades at a P/E of 12.8.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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About MPLX LP

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.

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