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MPLX LP Partnership Units MPLX Stock Quote

| Rating as of

NYSE: MPLX

Last close prices updated as of Jan 27, 2023, 7:00 PM EST | USD | BATS BZX Real-Time Price
  • Last Close 34.85
  • Sector Energy
  • Industry Oil & Gas Midstream
  • Investment Style Mid Value
  • Day Range 34.84  –  35.21
  • Year Range 27.47  –  35.49
  • Market Cap 34.9630 Bil
  • Volume / Avg 1.3 Mil /  1.6 Mil
  • Price / Sales 3.32
  • Price / Book 2.61
  • Forward Div Yield 9.02%
  • Trailing Div Yield 8.29%

Morningstar‘s Stock Analysis MPLX

Valuation
Currency in
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

MPLX Continues Steady Performance Despite Oil and Gas Market Volatility

Stephen Ellis Sector Strategist

Business Strategy and Outlook

| Stephen Ellis |

We like MPLX's portfolio of refining and Appalachia-based gathering and processing assets, given the propensity for fee-for-capacity and minimum volume commitment contracts, which present a highly secure stream of income over the long run. Further, MPLX still has plenty of opportunities to unlock in its newly enlarged portfolio of assets following drop-downs from its parent and the Andeavor Logistics deal, which has taken the partnership to $5.7 billion in expected 2022 EBITDA compared with just over $550 million in 2015. Already, it has sliced billions in spending from the portfolio as 2022 growth capital spending is just $760 million from the $2.6 billion initially announced at the time of the merger, demonstrating commendable focus on unitholder returns. We expect MPLX to generate over $500 million in excess cash flow after capital spending and distributions in 2022. The management team has prioritized unit buybacks; 2021 buybacks totaled $630 million with another $315 million in 2022 and $1 billion in capacity available.

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Key Statistics MPLX

Company Profile MPLX

Business Description

MPLX is a partnership that owns both pipelines and gathering and processing assets with extensive holdings in the Appalachian region. The asset base is made up of pipeline assets dropped down from Marathon Petroleum, its sponsor, and gathering and processing assets from MarkWest, which it acquired in 2015. MPLX also acquired Andeavor Logistics in July 2019.

Contact
200 East Hardin Street
Findlay, OH, 45840-3229
Sector Energy
Industry Oil & Gas Midstream
Employees 5,836

Related Articles MPLX

FAQs for MPLX LP Partnership Units Stock

No. MPLX does not currently have a forward dividend yield.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

MPLX’s market cap is 34.96 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

MPLX’s stock style is Mid Value.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

MPLX’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare MPLX’s historical performance against its industry peers and the overall market.