Companies /Energy

MPLX LP

NYSE: MPLX Oil & Gas Midstream

24/7 Wall St. View

Price Prediction $65.03 +12.5% Our analysts’ 12-month view: target, optimistic case, and floor. MPLX price prediction → Earnings Miss −0.3% EPS vs. the estimate, revenue, and how the market reacted. MPLX earnings history →

MPLX at a Glance

Valuation
Market cap
$58.6B
P/E ratio
12.4
Dividend yield
7.51%
Profitability
Revenue (TTM)
$12.0B
Profit margin
39.3%
EPS (TTM)
$4.65
Price
52-week range
$44 – $60
24/7 target
$65.03
Street target
$62.85
Earnings
Next report
Nov 3, 2026
Q2 2026 EPS
$1.06
vs. $1.06 est.
−0.3%

Headquartered in Findlay, OH Fiscal year ends December NYSE: MPLX mplx.com

About MPLX

MPLX LP is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets and provides fuels distribution services. Its asset portfolio includes a network of crude oil and refined product pipelines, an inland marine business with over 330 barges, light-product terminals, storage caverns, refinery tanks, docks, loading racks, and crude and light-product marine terminals. MPLX also owns crude oil and natural gas gathering systems and pipelines as well as natural gas and NGL processing and fractionation facilities in key U.S. supply basins including the Marcellus, Permian (Delaware Basin), Utica, Southwest, Southern Appalachia, and Bakken. The partnership is controlled by Marathon Petroleum Corporation (MPC), which holds approximately 647 million of the roughly 1,014 million outstanding common units. MPLX is actively expanding its natural gas and NGL value chain infrastructure with significant capital projects concentrated in the Permian and Marcellus basins, including processing plants, NGL pipelines, fractionation facilities, and a Gulf Coast LPG export terminal joint venture, positioning itself to meet growing domestic and global demand for U.S. natural gas and NGLs. Updated

Latest Activity

Jim Cramer
PodcastMad Money w/ Jim CramerJim Cramer · 44 min

Mad Money w/ Jim Cramer 9/30/26

  • Cramer calls housing frozen: the 30-year national average at 7.34% versus 3% five years ago
  • Lennar down 20% and KB Home down 17% year to date; Toll Brothers holds up on 25% cash buyers
  • Whirlpool suspended its dividend; Home Depot and Lowe's both hit 52-week lows
  • IPO and M&A pipelines stalled too, with Oura shelving a $2.2 billion offering

Mortgage rates at multi-decade affordability lows are draining builders, appliance makers and the home-improvement aisles at once, so holders are really running a single trade. Cramer says the group does not recover until the war ends, oil retreats and rate hikes come off the table.

Read more

MPLX Coverage

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Frequently Asked Questions

What does MPLX do?

MPLX LP is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets and provides fuels distribution services.

What is the MPLX stock price target?

24/7 Wall St.'s 12-month price target for MPLX is $65.03, rated Buy. The Wall Street consensus target is $62.85. MPLX price prediction →