profit from every $100 of sales.
$0$100
MPLX LP
$56.77+0.11% today
+9.1% in 1 year
1-year low $51.951-year high $60.51
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $11.71 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What MPLX LP sold, what it kept, and what it did with the cash.
Sales went from $10.5 billion in 2022 to $11.5 billion in 2025, with $4.91 billion of profit last year.
SalesProfit
MPLX LP handed back more cash to shareholders than it generated last year.
$4.0B
Free cash flow 2025$4.1B
Bought back its own shares$400M
Paid as dividends$4.0B
Cash vs. debt$2.1B vs. $26.2B
MPLX LP vs. similar companies
MPLX LP grows the slowest of these 5 and is the cheapest for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| MPLX LP | 11.7× · Cheap | ||
 Enbridge | 20.3× · Fair price | ||
 The Williams Companies | 32.9× · Expensive | ||
 Enterprise Products Partners L.P. | 13.8× · Cheap | ||
 Kinder Morgan | 23.0× · Fair price |
Compare MPLX LP with Canadian Natural Resources · ConocoPhillips · Chevron · Enbridge · EOG Resources · Enterprise Products Partners L.P. · Energy Transfer LP · Diamondback Energy
AI analysis
An AI analyst reads MPLX LP's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 10,541 | 10,434 | 10,904 | 11,474 | |
| 4,289 | 4,563 | 4,817 | 5,002 | |
| 4,435 | 4,208 | 4,466 | 4,762 | |
| 6,064 | 6,087 | 6,594 | 7,341 | |
| 3,944 | 3,928 | 4,317 | 4,912 | |
| 3.75 | 3.80 | 4.21 | 4.82 | |
| 40.7% | 43.7% | 44.2% | 43.6% | |
| 42.1% | 40.3% | 41.0% | 41.5% | |
| 37.4% | 37.6% | 39.6% | 42.8% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 35,665 | 36,529 | 37,511 | 43,005 |
| Cash | 238 | 1,048 | 1,519 | 2,137 |
| Total debt | 20,301 | 20,914 | 21,436 | 26,162 |
| Total liabilities | 22,151 | 22,945 | 23,501 | 28,477 |
| 0 | 0 | 0 | 0 | |
| 1,010 | 1,002 | 1,017 | 1,019 | |
| 18.8% | 18.4% | 19.6% | 18.1% | |
| – | – | – | – |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 5,019 | 5,397 | 5,946 | 5,909 | |
| 806 | 937 | 1,056 | 1,808 | |
| 4,213 | 4,460 | 4,890 | 4,101 | |
| Dividends paid | 3,047 | 3,296 | 3,603 | 4,024 |
| 491 | 600 | 326 | 400 | |
| – | – | – | – |
Valuation
- 11.7×
- 12.8×
- 1.34
- 4.0×
- 5.0×
- 14.0×
- 11.1×
- 7.1%
- 8.5%
- 7.5%
Profitability
- 43.6%
- 41.5%
- 42.8%
- 56.6%
- 18.5%
- 19.2%
- 33.3%
- 10.9%
- 13.7%
- –
Growth
- +2.9%
- +8.7%
- −16.1%
- +7.5%
- +0.3%
Financial health
- 3.3×
- 1.86
- 60.9%
- 5.8×
- 1.23
- 1.05
- 0.29
How it ranks in Energy
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 7%of 467
Top 8%of 466
Top 26%of 386
Top 45%of 460
Top 36%of 459
What analysts expect
- Average price target
- $60.25
- Range
- $59.00 – $63.00
- 3 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 5, 2026 | 0.90 | 1.05 | −14.3% |
| Feb 3, 2026 | 1.17 | 1.06 | +10.4% |
| Nov 4, 2025 | 1.52 | 1.07 | +42.1% |
| Aug 5, 2025 | 1.03 | 1.06 | −2.8% |
| May 6, 2025 | 1.10 | 1.10 | +0.0% |
| Feb 4, 2025 | 1.07 | 1.04 | +2.9% |
| Nov 5, 2024 | 1.01 | 1.05 | −3.8% |
| Aug 6, 2024 | 1.15 | 0.98 | +17.3% |
7.5%of the share price, paid each year
On $1,000 invested$75a year at today's yield, before tax
+7.5%2020 to 2025
Raised3 yearsin a row, in our data
Paid per share, each year
$1.70 in 2015 → $3.95 in 2025
How safe it looks
81.9% of its profit
Room to growStretchedMore than it earns: 98.1%
News
MPLX Reports Earnings on Nov. 3, 2026. Here's What Investors Should Be Watching.Yahoo Finance · Nov 1, 2026Ranking 3 Top Pipeline Stocks by Growth Prospects: Energy Transfer, Enterprise Products, and MPLXYahoo Finance · Nov 1, 2026MPLX Stock Pays a Hefty 7.4% Dividend Yield. Here's How Much $10,000 Generates in Passive Income Each Year.Yahoo Finance · Oct 24, 2026Energy Transfer vs. MPLX: Which Pipeline Giant's High-Yield Dividend Is Actually Safer?Yahoo Finance · Sep 26, 2026Why MPLX Stock Is Suddenly Trending on Wall StreetYahoo Finance · Aug 21, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
4/7Passes 4 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
66Pass
Benjamin Graham
59No pass
Philip Fisher
73Pass
Peter Lynch
55No pass
Joel Greenblatt
58No pass
Charlie Munger
71Pass
Terry Smith
65Pass
Questions about MPLX LP
Is MPLX LP a good stock to buy?
A business with weak numbers, and the price looks low. 4 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the MPLX LP AI analysis
What does MPLX LP do?
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. It is in Oil & Gas Midstream, based in Findlay, OH, United States.
Does MPLX LP pay a dividend?
Yes. At today's price the dividend is 7.5% a year, about 82% of its yearly profit. In 2025 it paid out $4.02 billion in dividends.
Is MPLX LP stock halal?
No. MPLX LP does not pass our halal screen: its debt is 46% of its market value, at or above the 33% limit. How we check
How has MPLX LP stock done over the past year?
Up 9.1% over the past twelve months, to $56.77. It traded between $51.95 and $60.51 and is 6.2% below its high.
Who are MPLX LP's competitors?
The largest listed companies in the same industry are Enbridge, The Williams Companies, Enterprise Products Partners L.P. and Kinder Morgan. The peers table on this page compares their profit, growth and price with MPLX LP's.
Prices: daily closes to Nov 11, 2026. Fundamentals: company reports via invest-like data.