MPLX|Analyst Targets
MPLX|Company Info
MPLX|Insider Trading
MPLX|Fundamentals
MPLX|Earnings Snapshot
EPS
| Qtr | Est | Actual | +/− |
|---|---|---|---|
| Q4'26 | $1.22 | - | - |
| Q3'26 | $1.16 | $1.15 | -1.1% |
| Q2'26 | $1.06 | $1.06 | -0.3% |
| Q1'26 | $1.03 | $1.05 | +1.8% |
| Q1'25 | $1.15 | $1.10 | -4.4% |
Revenue
| Qtr | Est | Actual | +/− |
|---|---|---|---|
| Q4'26 | $3.5B | - | - |
| Q3'26 | $3.4B | $3.6B | +5.4% |
| Q2'26 | $3.2B | $3.3B | +3.1% |
| Q1'26 | $3.1B | $3.3B | +5.4% |
| Q1'25 | - | $3.1B | - |
MPLX|Monthly Returns
Market Data
MPLX Stock Snapshot
- Market cap
- 56.98B
- P/E ratio
- 13.1
- Day range
- $56.87 – $56.90
- News sentiment
- 58/100 · Neutral
- Analyst target
- $62.92 (+10.6%)
- Consensus
- Buy · 22 analysts
The setup on MPLX LP is patient: consolidation, not accumulation or distribution. The stock is liquid enough that positioning changes get absorbed without distorting the trend.
Reverse DCF
What growth is priced into MPLX?
At today's price, MPLX LP needs to grow free cash flow about -6.0% a year for 3 years, slowing to a long-run rate by year 10, to justify its valuation at a 6.11% cost of capital. Over the last five years its revenue has trended at 4.2% a year, so the market is asking for 10.2 percentage points below its own delivered rate. On that basis MPLX looks priced below what its own growth record supports.
- Implied FCF growth
- -6.0%
- Growth trend
- 4.2%
- Growth gap
- -10.2 pts
- Verdict
- CHEAP
- Discount rate (WACC)
- 6.11%
- Beta
- 0.54
Behaviour On Record
What MPLX's own history says about today's numbers
- Realized volatility (21d)
- 20.6% 36th pct
- Below its peak
- -31.3%
- vs 200-day average
- -1.4%
- Up days (1y)
- 52%
MPLX LP is currently running 20.6% annualised volatility over the last 21 sessions. Measured against MPLX's own 13 years of daily returns rather than a market-wide average, that is the 36th percentile — on the quiet side for this stock, against a typical reading of 23.5%.
MPLX is trading -31.3% below its running peak. Across 13 full years on file, its median worst-drawdown-in-a-year was -20.8%, and the deepest was -68.5% in 2020. The current drawdown is already deeper than this stock's typical annual low point, which puts it in the part of its range where past recoveries began, and where past declines also continued.
Price sits -1.4% from its 200-day moving average. Against every other day in its history, that gap ranks at the 31st percentile — close to the gap it normally carries. Over the past year MPLX closed higher on 52% of sessions, and it is currently 1 session into a rising streak.
On November specifically: over 13 years of records, MPLX finished the month higher 7 of 13 times, with a median return of +1.2% and an average of +1.6%. Its strongest month historically has been April at +6.7% on average, its weakest March at -4.0%.
Overnight risk is measurable too: MPLX has opened more than 2% away from the prior close in 160 of 3,268 sessions (4.9% of the time), with the largest gaps running +14.1% and -8.8%.
Across the last 3 dated reports on file, MPLX moved an average of 1.2% in the session after earnings, closing higher 1 of those 3 times, with a median move of -0.8% and a largest of -2.2%.
All figures computed from 3,269 daily closes between 2013-11-06 and 2026-11-05, split-adjusted, recomputed daily. Percentiles are against MPLX's own 13-year history, not a peer group or index.
Sector Rotation
Is money rotating into or out of MPLX's sector?
MPLX LP sits in the Industrials sector, currently ranked 9th of 12 GICS sectors by relative-strength rotation score (weakening).
- Sector rank
- #9 of 12
- Sector state
- Weakening
- Sector rotation score
- 27
Analyst Consensus Estimates
What do analysts expect MPLX to earn?
Analysts expect MPLX LP to earn $4.31 per share in the fiscal year ending Dec 2026 and $5.04 in the fiscal year ending Dec 2028, from 6 estimates. These are analyst forecasts, not company guidance, and later years rest on fewer analysts.
Revenue marked ~ is our calculation from the EPS estimate, not analyst consensus.
Analyst Rating Changes
Are analysts turning bullish or bearish on MPLX?
Morgan Stanley most recently reiterated its rating on MPLX LP to Equal-Weight on Oct 13, 2026 with a price target of $64 (from $66). Over the last 90 days, coverage has run 0 upgrades against 0 downgrades, a net mixed lean.
- Latest action
- Morgan Stanley: Equal-Weight
- 90-day upgrades
- 0
- 90-day downgrades
- 0
- Net rating momentum
- 0
Earnings Release, Scored
What did MPLX LP's latest earnings release say?
Most important lines
- 1
On October 30, 2026, MPLX and MPC amended the intercompany loan agreement to increase the borrowing capacity from $1.5 billion to $2.5 billion and extended the term from July 31, 2029, to October 30, 2031.
New this quarter - 2
MPLX LP Reports Third-Quarter 2026 Financial Results; Announces Increase to Quarterly Distribution of 12.5%
New this quarter - 3
Increased quarterly distribution 12.5% for the third consecutive year, to $4.84 per unit annualized
New this quarter
Peers
MPLX peers
Oil & Gas MidstreamMarket cap · today
News & sentiment
What is the news saying about MPLX?
MPLX fell 1.3% over the month to Nov 5. News tone held between 40 and 99 from Oct 5 to Oct 15, then dropped to 33 on Oct 16.
- Nov 2 -1.9%same day: What To Expect From MPLX LP (MPLX) Q3 2026 Earnings
- Nov 3 -3.0%same day: MPLX LP Reports Third-Quarter 2026 Financial Results; Announces Increase to Quarterly Distribution of 12.5%
- Nov 4 -2.2%same day: MPLX (MPLX) Stock Looks Undervalued Even After A Strong Run
Technical analysis
How strong is MPLX's momentum right now?
On the daily chart MPLX ranks at the 57th percentile for momentum against 1,060 stocks and ETFs, a neutral reading.
Institutional ownership
Are big funds buying or selling MPLX?
30 of the 64 tracked managers added to MPLX in their latest 13F and 24 trimmed. Together they own 9.2% of the company, worth $5.1B. Invesco and Blackstone alone hold 3.1%.
- 1Invesco Ltd.1.82%$1.0B positionAdded 0.0% last quarter
- 2Blackstone Inc.1.29%$729.9M positionTrimmed 15.6% last quarter
- 3Goldman Sachs Group Inc1.13%$638.2M positionTrimmed 9.4% last quarter
- $451.3M positionAdded 9.5% last quarter
- 5Morgan Stanley0.53%$297.2M positionAdded 6.3% last quarter
- 6UBS Group AG0.52%$296.3M positionAdded 0.5% last quarter
- 7FMR LLC (Fidelity)0.39%$220.9M positionAdded 16.7% last quarter
- 8JPMorgan Chase & Co0.34%$192.7M positionTrimmed 17.1% last quarter
- 9Bank of Montreal0.25%$143.6M positionTrimmed 36.7% last quarter
- 10ClearBridge Investments, LLC0.23%$132.0M positionUnchanged last quarter
Discover more
How has MPLX done against its peers?
Over the six months to Nov 5, MPLX returned +1.3%. Of the 15 related stocks and ETFs, 8 did better, led by MPC at +44.8%.
- 1MPCMarathon Petroleum Corporationup 44.8%+43.5 pts
- 2VLOValero Energy Corporationup 39.9%+38.6 pts
- 3PSXPhillips 66up 37.3%+36.0 pts
- 4CVXChevron Corporationup 11.2%+9.9 pts
- 5COPConocoPhillipsup 10.5%+9.1 pts
- 6XOMExxon Mobil Corporationup 7.2%+5.9 pts
- 7XLEEnergy Select Sector SPDR Fundup 4.3%+3.0 pts
- 8CNQCanadian Natural Resources Limitedup 2.5%+1.2 pts
- 9MPLXThis stockup 1.3%
- 16OIHVanEck Oil Services ETFdown 21.0%−22.3 pts