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MPLX LP MPLX

US equityMarket cap rank #272
$58.31
−$0.51 (-0.86%)
Market open · Sep 24, 1:10 pm ET
After hours $58.50 -0.53%
Open$58.69
Prev close$58.81
Day range$58.00 – $59.08
Volume597.1K
Market cap$59.11B
P/E (TTM)12.5
Dividend yield7.18%

Price chart

Daily bars for up to one year, weekly bars for the 5-year view. Averages are 50/200 trading days (10/40 weeks on the 5-year view).

MPLX at a glance

Shares of MPLX LP are down 0.86% at $58.31. The company is worth $59.11B, number 272 out of 300 on our list.

The 52-week range is $44.22 to $60.39. Today's price is about 87% of the way from the low to the high. Holders are ahead 23.3% over twelve months, and up 5.6% across the last three months.

Price is below the 50-day average ($58.42) but above the 200-day ($55.13); RSI is 56, and the last 30 sessions moved at roughly 14% annualized volatility.

In the quarter ended Jun 2026 the company brought in $3.08B of revenue, up 10.5% from a year earlier, with $1.09B of net profit (a 40.4% margin).

The stock changes hands at 12.5 times trailing earnings, 16% above its five-year average of 10.8.

9 analysts follow the stock and the average call is "buy". The mean target, $62.86, sits 7.8% over where the stock trades.

This summary is put together from the numbers on the page and updates when they do. It describes the data; it is not a forecast or a recommendation.

MPLX LP: the business

MPLX is a pipeline and processing partnership owned mostly by Marathon Petroleum, serving shale regions.

What tends to move it. Fee-based volumes support a large distribution, and its results follow those of its parent.

Written by hand by the BeStock desk and revised when a business changes. See how we work. Spot something out of date? Tell us.

Performance

Price return over each window, from adjusted daily and weekly closes

1 day
-0.9%
1 week
+0.6%
1 month
-0.3%
3 months
+5.6%
6 months
+2.3%
Year to date
+15.6%
1 year
+23.3%
Day range
$58.00$59.08
52-week range
$44.22$60.39

Technical signals

Full technicals →
Trend readLeaning bearish

3 bullish · 4 bearish of 7 signals

IndicatorValueSignal
Price vs 20-day average-1.6%Bearish
Price vs 50-day average-0.2%Bearish
Price vs 200-day average+5.8%Bullish
50-day vs 200-day50d above 200dBullish
RSI (14)55.6Bullish
MACD (12,26,9)0.18Bearish
Bollinger band position5%Bearish

Standard indicator readings worked out from daily closes. They describe how the price has behaved, not where it is going.

Key statistics

Bid / Ask$58.28 / $58.34
Average price today$58.31
Volume597.1KAvg (90d) 1.43M
Turnover$34.82M
Turnover rate0.16%of shares outstanding
Volume ratio0.71vs. recent average pace
Day amplitude1.83%
Market cap$59.11B
Float market cap$21.46B
Shares outstanding368.08M
EPS (TTM)$4.82
P/E (TTM)12.54
P/B4.21
Book value / share$13.84
Earnings yield0.34%
Dividend (TTM)$4.19 / shareYield 7.18%
Net profit (TTM)$4.89B
Net assets$14.03B
30-day volatility13.7%annualized
Avg daily range (ATR)1.69%of price, 14 days
Max drawdown (1y)-7.7%-3.2% from 1y peak

Quote as of Sep 24, 2026 1:10 pm ET. Prices can lag the live tape. This is background information, not a recommendation.

How MPLX ranks on BeStock

Market value#272 of 300
P/E (cheapest = 1)#18 of 283
Dividend yield#2 of 244
Closeness to 52-week high#23 of 300
Dollar volume today#285 of 300

Ranks are among the 300 or so U.S.-listed stocks BeStock covers, recalculated whenever prices refresh. A row is left out when the measure does not apply, such as yield for a stock that pays no dividend.

Latest reported quarter: Q2, ended Jun 2026

Revenue$3.08B+10.5% YoY
Operating profit$1.20B+6.7% YoY
Net profit$1.09B+2.7% YoY
Diluted EPS$1.06+2.9% YoY
Free cash flow$877.00M-38.9% YoY
Operating cash flow$1.70B

Revenue, last 8 quarters

$2.8BSep '24$2.8BDec '24$2.9BMar '25$2.8BJun '25$2.9BSep '25$2.9BDec '25$2.8BMar '26$3.1BJun '26

Net profit, last 8 quarters

$1.0BSep '24$1.1BDec '24$1.1BMar '25$1.1BJun '25$1.6BSep '25$1.2BDec '25$922.0MMar '26$1.1BJun '26

Profitability & balance sheet

Gross margin42.2%
Operating margin40.1%
Net margin40.4%
Return on equity33.9%
Return on assets11.7%
Return on invested capital15.3%
Current ratio0.89
Liabilities / assets66.8%
Cash & investments$1.03B
Total debt$26.08B
Net cash (debt)-$25.05B
Free cash flow / sales28.5%

Where the revenue comes from

Quarter 2026/Q2

By business line

  • Crude Oil and Products Logistics$1.61B 52.1%
  • Natural Gas and Natural Gas Liquids (NGL) Services$1.48B 47.9%
Average move on report day±1.4%last 16 reports
Closed higher10 of 1663% of the time
Best reaction+2.8%
Worst reaction-3.5%

Stock move on the day after each report

+2.4%2024/Q3+2.4%2024/Q4-1.7%2025/Q1-3.5%2025/Q2+0.7%2025/Q3-0.1%2025/Q4-2.6%2026/Q1+2.7%2026/Q2

"Implied move" is the size of move the options market was pricing ahead of the report. Move is the stock’s change on the first session after the release.

Valuation

Multiples measured against the stock's own five-year history

Valuation detail →
Price / earnings12.9x
CheapRich

Near the top of its 5-year range · 99th percentile, 5-year average 10.8x

#876 of 2977 stocks by PE (1 = cheapest)

Price / book4.3x
CheapRich

Near the top of its 5-year range · 100th percentile, 5-year average -296.7x

#4072 of 5304 stocks by PB (1 = cheapest)

Price / sales5.2x
CheapRich

Near the top of its 5-year range · 98th percentile, 5-year average 4.0x

#3870 of 5143 stocks by PS (1 = cheapest)

P/E over five years

8x10x12x13xSep '21Mar '24Sep '26

Dashed line is the 5-year average; the shaded band is one standard deviation either side.

Morningstar fair value estimate

Fair value$64.00
Price vs. fair value-8.9%Trading below the estimate
Star rating★★★☆☆
Economic moatNarrow
UncertaintyMedium

Analyst view

All ratings →
ConsensusBuy
Analysts9
Average target$62.86+7.8% vs. price
  • Buy 56%
  • Hold 44%
Low $60.00Now $58.31Avg $62.86High $65.00

Latest rating actions

  • 10 Sep 2026StifelHOLD · PT $65.00
  • 3 Sep 2026J.P. MorganHOLD · PT $62.00
  • 20 Aug 2026RBC CapitalBUY · PT $64.00
  • 16 Aug 2026Goldman SachsBUY · PT $63.00
  • 12 Aug 2026Morgan StanleyHOLD · PT $60.00

Ownership & positioning

Who holds it, who is betting against it, and where the big money is moving

Ownership detail →
Institutional ownership83.3%-0.15 pts vs. prior quarter
Institutions holding670-1 vs. prior quarter
Insider trades (recent)7 buys / 0 sellsNet buying
Short interest0.72% of floatDays to cover 7.0 · as of 31 Aug 2026
Short-sale volume share19.3%5-day average of daily volume

Short-sale volume as % of daily volume

10%16%21%27%Aug '26Sep '26Sep '26

Large-order net flow, last 20 sessions

Net of large-order buying minus selling, in USD. Over this window: +$11.67M (13 inflow days, 7 outflow days).

Dividends

Dividend yield (TTM)7.18%
Last dividend$1.08Ex-date 7 Aug 2026
Next-to-last$1.08
Payments on file40

Dividends paid per share, by year

2.4920182.6520192.7520202.6420212.8920223.1820233.5120243.952025

Across the full calendar years shown, the annual payout grew by roughly 6.8% a year.

Latest headlines

More news →
  • J.P. Morgan Maintains MPLX LP(MPLX.US) With Hold Rating, Raises Target Price to $62Market news · 4 Sep 2026
  • MPLX (MPLX) Gets a Hold From J.P. MorganTipRanks · 4 Sep 2026
  • Stifel Initiates MPLX LP(MPLX.US) With Hold Rating, Announces Target Price $65Market news · 10 Sep 2026
  • RBC Capital Maintains MPLX LP(MPLX.US) With Buy Rating, Raises Target Price to $64Market news · 21 Aug 2026
  • Goldman Sachs Maintains MPLX LP(MPLX.US) With Buy Rating, Maintains Target Price $63Market news · 17 Aug 2026
  • MPLX LP | 4: Statement of changes in beneficial ownership of securities-Director Peiffer Garry L.SEC · 3 Apr 2026

MPLX stock: common questions

How is MPLX LP stock doing today?

$58.31 is the latest print for MPLX, a move of -0.86% against yesterday's close of $58.81. Today's low and high so far: $58.00 and $59.08.

What is MPLX worth in total?

Equity value comes to $59.11B at the current price. By that measure it is number 272 of the 300 names in our coverage.

What multiple of earnings does MPLX sell for?

Buyers pay 12.5 times the last twelve months of profit (EPS $4.82). Averaged over five years the multiple has been 10.8, and today's level ranks in the 99th percentile of its own history.

Where does MPLX sit in its 52-week range?

The year's floor is $44.22 and the ceiling $60.39. Shares are 3.5% away from that ceiling.

Does MPLX send cash back through a dividend?

It does. Payouts over the past twelve months work out to a 7.18% yield; the latest ex-dividend date was August 7, 2026.

What is the analyst view on MPLX LP?

Of 9 analysts, 56% say buy, 44% hold and 0% sell. Price targets average $62.86, with the most cautious at $60.00 and the most optimistic at $65.00.

What does MPLX LP do?

MPLX is a pipeline and processing partnership owned mostly by Marathon Petroleum, serving shale regions.

BeStock publishes market data and analysis for information only. Nothing here is investment advice or a solicitation to buy or sell any security. Quotes may be delayed and figures can contain errors; check primary sources before you trade. How we source and calculate these pages.

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