MPLX Lp

MPLX Lp

MPLX
MPLX LpUS flagNew York Stock Exchange
59.67
USD
+0.33
- -
60.55BMarket Cap
MPLX Lp
MPLX
(New York Stock Exchange)

Recent

price

59.67

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
10.71
10.74
5.98
6.26
10.04
10.66
9.09
9.59
8.74
9.53
7.99
9.32
10.44
10.42
10.73
11.26
11.5
Revenue per Share
2.8
3.63
0.17
1.03
1.55
1.02
- -
1.07
2.29
1
-0.8
2.86
3.78
3.83
4.22
4.82
4.65
Basic EPS, GAAP
2.8
3.57
0.74
1.42
2.59
0.96
0.54
1.29
1.26
1.85
3.18
4.27
4.17
4.46
4.81
4.02
3.28
Free Cash Flow per Basic Share
- -
- -
3.55
1.05
1.72
1.63
2.94
8.44
8.2
3.35
2.86
3.48
3.02
3.29
3.55
3.95
4.19
Dividend per Share
- -
33.54
18.68
17.46
10.53
31.65
30.73
24.14
22.13
15.47
13.24
12.57
13.26
13.3
13.55
14.08
13.83
Book Value per Share
- -
29.9
15.85
14.64
8.11
21.7
23.14
17.52
7.81
5.25
4.94
4.22
4.92
5.03
5.52
4.08
3.92
Tangible Book Value per Share
37
37
74
74
74
97
331
385
761
906
1,051
1,027
1,010
1,001
1,016
1,019
1,016
Basic Weighted Avg Shares
396
397
442
463
747
1,034
3,010
3,691
6,652
8,632
8,398
9,575
10,541
10,434
10,904
11,474
11,687
Sales/Revenue/Turnover
26.12
33.26
32.45
31.75
32.8
36.56
29.47
30.15
37.3
38.04
39.88
38.78
42.07
40.33
40.96
41.5
40.12
Operating Margin (%)
53
36
39
49
75
129
591
683
867
1,254
1,377
1,287
1,230
1,213
1,283
1,351
1,424
Depreciation Expense
103
134
13
78
121
156
233
794
1,818
1,033
-720
3,077
3,944
3,928
4,317
4,912
4,727
Net Income, GAAP
0.29
0.07
0.21
- -
0.42
0.3
- -
0.12
0.4
- -
- -
0.03
0.2
0.28
0.23
0.16
0.19
Effective Tax Rate (%)
26.09
33.76
2.96
16.85
16.2
15.09
7.74
21.51
27.33
11.97
-8.57
32.14
37.42
37.65
39.59
42.81
40.45
Profit Margin (%)
- -
248
220
52
-4
-49
105
-745
-828
-648
-571
-1,841
-496
184
41
745
-348
Working Capital
- -
11
11
10
644
5,255
4,422
6,945
17,922
20,236
19,848
18,505
19,266
19,733
19,696
24,605
24,827
LT Debt
- -
1,239
1,227
1,114
463
9,667
11,110
9,973
17,731
16,613
13,985
13,017
13,514
13,584
14,010
14,528
14,252
Total Equity
- -
20.99
11.47
- -
21.77
4.69
- -
6.84
9.39
9.05
- -
11.12
13.43
12.29
12.74
12.49
12.29
Return on Invested Capital (%)
- -
21.45
1.06
- -
6.09
2.37
- -
6.69
9.11
5.14
- -
11.49
14.44
14.01
14.92
15.5
15.31
Return on Capital (%)
- -
21.63
1.34
11.37
20.85
1.96
0.01
3.93
12.72
5.36
-5.59
22.15
29.29
28.76
31.63
34.99
33.95
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,557
1,306
1,306
LT Borrowings
24,147
24,383
24,389
LT Finance Leases
458
445
438
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,016
1,015
1,014
Market Capitalization
54,208
57,926
57,121

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,994
3,522
2,876
Cash, Cash Equivalents & STI
2,137
1,506
1,031
Accounts Receivable, Net
735
769
672
Inventories
172
178
200
Total Current Liabilities
3,249
3,192
3,224
Payables & Accruals
1,444
1,562
1,640
ST Debt
1,557
1,306
1,306
Deferred Revenue
107
96
101

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.46%
0.85%
3.7%
Free Cash Flow
56.42%
5.36%
-16.13%
Net Income, GAAP
-26.97%
-95.18%
13.78%
Sales/Revenue/Turnover
35.38%
6.56%
5.23%
Total Cash Common Dividend
102.02%
7.59%
12.53%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,604
2,684
2,776
2,840
10,904
2025
2,887
2,788
2,905
2,894
11,474
2026
2,806
3,082
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.99
1.15
1.01
1.07
4.22
2025
1.1
1.03
1.52
1.17
4.82
2026
0.9
1.06
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.87
0.86
0.86
0.96
3.55
2025
0.96
0.96
0.96
1.08
3.95
2026
1.08
1.08
- -
- -
- -
Business
MPLX LP MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States, including crude oil and refined products pipelines; natural gas gathering systems and pipelines; natural gas and natural gas liquids (NGL) processing and fractionation facilities in key supply basins such as the Permian, Marcellus, and Utica; inland marine businesses with fleets of boats and barges for transporting light products, heavy oils, crude oil, renewable fuels, chemicals, and feedstocks in the Mid-Continent and Gulf Coast regions; light-product terminals; storage caverns; refinery tanks, docks, loading racks, and associated piping; and crude and light-product marine terminals, as well as terminal facilities for the receipt, storage, blending, additization, handling, and redelivery of refined petroleum products via pipeline, rail, marine, and truck transportation. The master limited partnership, formed in 2012 and headquartered in Findlay, Ohio, operates through two main segments--Crude Oil and Products Logistics, and Natural Gas and NGL Services--and serves upstream producers, downstream refiners, and industrial customers across major U.S. energy basins. MPLX LP is a subsidiary of Marathon Petroleum Corporation, with MPLX GP LLC serving as its general partner. Recent strategic developments include the completion of its $2.375 billion acquisition of Northwind Midstream in September 2025 to enhance Permian sour gas gathering, treating, and processing capabilities with over 200 miles of pipelines and expansion potential to 440 MMcf/d by late 2026; the acquisition of the remaining 55% interest in BANGL, LLC for $715 million to gain full ownership of strategic NGL transportation assets connecting Permian production to Gulf Coast fractionation; and the announced $1.0 billion divestiture of its Rockies gathering and processing assets to Harvest Midstream, expected to close in the fourth quarter of 2025, to optimize its portfolio focus on high-growth Marcellus and Permian basins while retaining associated NGL commitments.

Company News

  • 3 Pipeline Stocks Paying Huge Dividends Without Stretching the Payout

  • Why Is MPLX LP (MPLX) Down 0.5% Since Last Earnings Report?

  • Got $10,000 to Invest This September? These Energy Stocks Could Turn It Into Over $600 in Annual Income.

  • 4 Dividend Stocks Yielding Over 6% That Should Be in Every Roth

  • Midstream Scales Up Natural Gas Infrastructure

  • This Popular Energy ETF Has a Hidden Cost—Own These 3 Dividend Stocks Instead

  • The Income Trap Is Getting Worse - And Good Options Are Running Out

  • 4 Dividend Stocks Yielding Over 6% That Every Roth Should Hold

  • Is This "Boring" Pipeline Stock a Bargain, or Is the 7.4% Yield a Warning Sign? An Honest Look.

  • Energy Transfer vs. MPLX: Which Midstream Stock Has an Edge?

  • 3 Energy Stocks With Big Dividends to Buy Now

  • 4 Ultra-High-Yield Stocks Retirees Should Never Hold in a Taxable Account

  • Why These 5 Dividend Stocks Are Worth More in a Roth Than a Brokerage Account

  • These 4 Dividend Stocks Yield Over 7%. Roth Owners Keep Every Penny

  • Why MPLX Stock Is Suddenly Trending on Wall Street

  • MPLX LP 2025 K-3 tax packages now available on company website

  • This New Pipeline Could Unlock Years of Growth for 4 Energy Stocks. Here's Why That's a Win for All of Them.

  • SOLITUDE PIPELINE SYSTEM REACHES FINAL INVESTMENT DECISION TO TRANSPORT GAS FROM THE PERMIAN BASIN TO THE GULF COAST

  • 3 Oil & Gas Pipeline Stocks to Weather Industry Headwinds

  • MPLX LP prices $2.25 billion senior notes offering