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DailyIQ
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MPLX·MPLX LP

$56.55
+0.32 (+0.57%)
Pre-Market
High
$56.90
Open
$0.00
Market Cap
56.98B
52W High
$61.01
Low
$56.87
P. Close
$56.55
P/E
13.11
52W Low
$50.17
Fwd P/E
11.81
DailyIQ Est.
$63.58
Inst. Own.
9.2%
Short Interest
0.65%
Days to Cover
5.2
Div. Yield
7.58%
Next Ex-Div
~Nov 6
NewEarnings release, scored · filed Nov 3, 2026tone -7.1 vs prior release · 121 lines scoredSee the breakdown
Technical Score (1D)
57
BULLISH
News Sentiment
58
BULLISH
On Nov 4, MPLX reported that it plans to sell midstream assets for US$750 million, a move that could reshape its profit mix and capital needs. The same day the company noted that higher cash distributions are expected to support its earnings base. MPLX also highlighted its strong five‑year return of 178.6 percent to shareholders, underscoring the value created for investors. These developments were presented as suggesting a modest upside for the stock, though the impact on valuation remained uncertain. The company’s strategy to divest assets and increase distributions was emphasized as a key factor in its recent performance.
LOW TARGET
$54 -4.5%
2 analysts
MEAN TARGET
$63 +11.3%
13 analysts
HIGH TARGET
$73 +29.1%
7 analysts
PRICE RANGE
$54.00 - $73.00
SB / B / H / S / SS
2/9/9/1/1
DAILYIQ EST.
$63.58 (+12.4%)
Sector
Energy
Industry
Oil & Gas Midstream
Exchange
NYQ
Country
United States
Website
Symbol
MPLX
Description
MPLX LP is a midstream energy infrastructure company, primarily serving the United States market. Its core operations encompass two key areas: crude oil and refined products logistics, and natural gas and natural gas liquids (NGL) services. The company's value proposition lies in its comprehensive network, which includes gathering, processing, and transporting natural gas and NGLs, as well as handling crude oil, refined products, and renewables through pipelines, marine transport, rail, and trucking. MPLX also operates inland marine businesses, including a fleet of boats and barges, and offers terminal facilities for storage and distribution. As a subsidiary of Marathon Petroleum Corporation, MPLX LP leverages its extensive asset base to provide critical midstream services.
Bought (1Y)
0 shares
$0
Sold (1Y)
0 shares
$0
Dunn Micheal G.-
Award/Grant1,276.711 shares2026-11-01
Niemeyer Bruce L-
Award/Grant1,276.711 shares2026-11-01
Breves Christine S-
Award/Grant218.82 shares2026-08-14
HELMS CHRISTOPHER A-
Award/Grant1,336.963 shares2026-08-14
SEMPLE FRANK M-
Award/Grant1,072.719 shares2026-08-14
73/ 100
Bullish
Overall: Bullish
✓Revenue growing year over year
✓Positive net margin
✓Positive operating cash flow
Net Margin
50.9%
Revenue CAGR
28.4%
Current Ratio
1.23x
Debt / Equity
2.77x
Return on Equity
53.5%
Earnings Summary
In recent quarters, MPLX reported EPS of $1.0524 in Q1 2026, slightly above the $1.03385 estimate, and $1.06 in Q2 2026, matching the $1.06359 estimate; Q3 2026 EPS of $1.15 fell marginally below the $1.1633 estimate but still beat consensus by 3.6%. Revenue rose from $3.252 billion in Q1 2026 to $3.312 billion in Q2 2026 and to $3.605 billion in Q3 2026, exceeding analyst expectations by 9.5% in Q3 and demonstrating a steady YoY growth trajectory. Historically, MPLX has maintained consistent revenue growth while EPS has shown modest volatility, reflecting stable operating margins. Recent news reports a $750 million midstream asset divestiture and a $4.5 billion Solitude Pipeline FID, expanding Permian natural‑gas egress; revenue for Q3 2026 fell 0.4% YoY but still beat estimates, and adjusted EBITDA rose 5.3% to $1.9 billion.

EPS

EstBeatMiss
$1.01$1.07$1.13$1.19$1.25Q1'25Q1'26Q2'26Q3'26Q4'26
QtrEstActual+/−
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

EstBeatMiss
$3.0B$3.2B$3.3B$3.5B$3.7BQ1'25Q1'26Q2'26Q3'26Q4'26
QtrEstActual+/−
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 -

Market Data

MPLX Stock Snapshot

NEUTRAL57/100
$56.87+$0.32 (0.6%)
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
52-week range+13.4% off low · -6.8% from high
$50.17$61.01
Price $56.87 DailyIQ Est. $63.58

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?

CHEAP

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

Options Market

What is the options market pricing for MPLX?

CallsPuts

For MPLX LP's nearest expiry (2027-01-15, 70 days out), open interest is tracked across both sides of the chain, with at-the-money implied volatility around 3.1%. The options market is pricing roughly a ±1.4% move by that expiry — a range of about $52.99–$54.47.

ATM implied volatility
3.1%
Total open interest
87
Expected move by 2027-01-15
±1.4% ($52.99–$54.47)

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.

Quarter endingEPS estimateEPS rangeEPS analystsRevenue estimateRevenue analysts
Sep 2026$1.13$1.02 to $1.367$3.35B5
Dec 2026$1.20$1.12 to $1.456$3.44B5
Mar 2027$1.12$1.00 to $1.215~$3.37B-
Jun 2027$1.16$1.04 to $1.265~$3.49B-
Sep 2027$1.20$1.09 to $1.265~$3.61B-
Fiscal year endingEPS estimateEPS rangeEPS analystsRevenue estimateRevenue analysts
Dec 2026$4.31$4.05 to $4.768$13.13B8
Dec 2027$4.79$4.22 to $5.848$14.09B8
Dec 2028$5.04$4.45 to $5.476~$15.15B-

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
DateFirmActionRatingPrice target
Oct 13, 2026Morgan StanleyMaintainedEqual-Weight$66 → $64
Aug 21, 2026RBC CapitalMaintainedOutperform$60 → $64
Aug 12, 2026Morgan StanleyMaintainedEqual-Weight$60 → $66
Aug 6, 2026BarclaysMaintainedOverweight$59 → $63
Aug 5, 2026Wells FargoMaintainedOverweight$61 → $63
Jul 29, 2026Wolfe ResearchDowngradeOutperform → Peer Perform-
Jul 2, 2026RBC CapitalReiteratedOutperform$60
May 20, 2026Morgan StanleyMaintainedEqual-Weight$62 → $60
May 14, 2026BarclaysMaintainedOverweight$58 → $59
May 7, 2026Wells FargoMaintainedOverweight$63 → $61
May 6, 2026BarclaysMaintainedOverweight$59 → $58
Apr 20, 2026Goldman SachsMaintainedBuy$55 → $63

Earnings Release, Scored

What did MPLX LP's latest earnings release say?

Filed Nov 3, 2026 · SEC Form 8-K, Exhibit 99

Tone55.8/ 100-7.1 vs prior release
Hedging words0.56per 100 words+0.45 vs prior release
Tone, last 3 releasesScale 50–70

Most important lines

  1. 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. 2

    MPLX LP Reports Third-Quarter 2026 Financial Results; Announces Increase to Quarterly Distribution of 12.5%

    New this quarter
  3. 3

    Increased quarterly distribution 12.5% for the third consecutive year, to $4.84 per unit annualized

    New this quarter

Peers

MPLX peers

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.

Daily close and news tone, Oct 5 to Nov 5
$56$58$60Oct 5: tone 45Oct 6: tone 41Oct 7Oct 8Oct 9: tone 97Oct 12: tone 56Oct 13: tone 67Oct 14: tone 99Oct 15: tone 96Oct 16: tone 33Oct 19Oct 20: tone 64Oct 21: tone 45Oct 22Oct 23: tone 30Oct 26Oct 27: tone 64Oct 28Oct 29: tone 30Oct 30Nov 2: tone 42Nov 3: tone 56Nov 4: tone 60Nov 5: tone 50Oct 5News toneNov 5123
  1. Nov 2 -1.9%same day: What To Expect From MPLX LP (MPLX) Q3 2026 Earnings
  2. Nov 3 -3.0%same day: MPLX LP Reports Third-Quarter 2026 Financial Results; Announces Increase to Quarterly Distribution of 12.5%
  3. Nov 4 -2.2%same day: MPLX (MPLX) Stock Looks Undervalued Even After A Strong Run
Latest stories naming MPLX
MPLX (MPLX) Stock Looks Undervalued Even After A Strong Run
Positive64Nov 4 · Yahoo, Simply Wall St.
MPLX (MPLX) Q3 2026 Earnings Call Transcript
Positive68Nov 3 · Yahoo, Motley Fool
MPLX Lp Q3 2026 Earnings Call Summary
Leans positive62Nov 3 · Yahoo, Moby

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.

Momentum rank by timeframe0 = weakest, 100 = strongest
See what drives the rankThe inputs behind each timeframe's momentum rank, plus RSI, stochastics, Bollinger Bands and moving averages. Free with an account.

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%.

30adding24trimming10unchanged
Largest holders by stake, latest 13FBar = share of MPLX
  1. $1.0B positionAdded 0.0% last quarter
  2. $729.9M positionTrimmed 15.6% last quarter
  3. $638.2M positionTrimmed 9.4% last quarter
  4. $451.3M positionAdded 9.5% last quarter
  5. $297.2M positionAdded 6.3% last quarter
  6. $296.3M positionAdded 0.5% last quarter
  7. $220.9M positionAdded 16.7% last quarter
  8. $192.7M positionTrimmed 17.1% last quarter
  9. $143.6M positionTrimmed 36.7% last quarter
  10. $132.0M positionUnchanged last quarter
Full holdings history

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%.

Change since May 5, through Nov 5
−50%0%+50%+100%May 5JunJulAugSepOctNov 5MPC +44.8%MPLX +1.3%OIH −21.0%