1-Star Price
INVESTOR
5-Star Price
INVESTOR
Economic Moat
INVESTOR
Capital Allocation
INVESTOR
MPLX’s first-quarter results were solid, in our view, with steady growth. We do not expect to change our $35 fair value estimate or narrow moat rating. EBITDA increased modestly to $1.5 billion from $1.4 billion last year, primarily helped by higher volumes and rates from the logistics segment. We expect future growth to be led by the Whistler projects due online in 2023 and 2024 that will let MPLX benefit from Permian gas growth and high export demand.
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.
Morningstar analysts hand-select direct competitors or comparable companies to provide context on the strength and durability of MPLX’s competitive advantage.
MPLX LP Partnership Units
XNYS: MPLX
| Enterprise Products Partners LP
XNYS: EPD
| ONEOK Inc
XNYS: OKE
| Energy Transfer LP
XNYS: ET
| |
Price
| 33.72 | 25.93 | 58.74 | 12.88 |
Currency
| USD | USD | USD | USD |
Change
| +$0.39 (1.17%) | +$0.27 (1.05%) | +$1.83 (3.22%) | +$0.28 (2.22%) |
Market Cap
| 33.76 Bil | 56.39 Bil | 26.28 Bil | 40.46 Bil |
Industry
| Oil & Gas Midstream | Oil & Gas Midstream | Oil & Gas Midstream | Oil & Gas Midstream |
Sector
|
Energy
|
Energy
|
Energy
|
Energy
|
* Trading data in this section is delayed by at least 15 minutes.
Yes. MPLX has a forward dividend yield of 9.30%.
See
MPLX’s full dividends and stock split history
on the Dividend tab.
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 33.76 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.
