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MPLX LP, incorporated in 2012 and headquartered in Findlay, Ohio, operates as a subsidiary of Marathon Petroleum Corporation, with MPLX GP LLC serving as its general partner. The company is a prominent owner and operator of midstream energy infrastructure and logistics assets primarily across the United States. Its business is segmented into Logistics and Storage, and Gathering and Processing. MPLX's extensive operations involve the gathering, processing, and transportation of natural gas, alongside the gathering, transportation, fractionation, exchange, storage, and marketing of natural gas liquids. It also handles the collection, storage, transportation, and distribution of crude oil, refined products, and other hydrocarbon-based goods, including the sale of residue gas and condensate. Furthermore, the company manages inland marine businesses, focusing on the transportation of light products, heavy oils, crude oil, renewable fuels, chemicals, and feedstocks within the Mid-Continent and Gulf Coast regions, utilizing its owned and third-party chartered boats and barges, and maintaining a marine repair facility on the Ohio River. Complementing these activities, MPLX oversees fuel distribution, refining logistics, terminals, rail facilities, and storage caverns, and operates specialized terminal facilities for the receipt, storage, blending, additization, handling, and redelivery of refined petroleum products through various modes including pipeline, rail, marine, and over-the-road transport.
Previous close
$59.67
+$0.33 · +0.56%
Regular session · ET · Market data may be delayed.
MPLX LP, incorporated in 2012 and headquartered in Findlay, Ohio, operates as a subsidiary of Marathon Petroleum Corporation, with MPLX GP LLC serving as its general partner. The company is a prominent owner and operator of midstream energy infrastructure and logistics assets primarily across the United States. Its business is segmented into Logistics and Storage, and Gathering and Processing. MPLX's extensive operations involve the gathering, processing, and transportation of natural gas, alongside the gathering, transportation, fractionation, exchange, storage, and marketing of natural gas liquids. It also handles the collection, storage, transportation, and distribution of crude oil, refined products, and other hydrocarbon-based goods, including the sale of residue gas and condensate. Furthermore, the company manages inland marine businesses, focusing on the transportation of light products, heavy oils, crude oil, renewable fuels, chemicals, and feedstocks within the Mid-Continent and Gulf Coast regions, utilizing its owned and third-party chartered boats and barges, and maintaining a marine repair facility on the Ohio River. Complementing these activities, MPLX oversees fuel distribution, refining logistics, terminals, rail facilities, and storage caverns, and operates specialized terminal facilities for the receipt, storage, blending, additization, handling, and redelivery of refined petroleum products through various modes including pipeline, rail, marine, and over-the-road transport.
Day range
Current $59.67
52-week range
Current $59.67
Regular session · ET · Market data may be delayed.
GoAI Score
Buy
Valuation
96
Deep Value
Sentiment
60
Mixed
Risk
13
Low Risk
Momentum
48
Neutral
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Thesis, catalysts, evidence, and risk analysis.
MPLX LP, incorporated in 2012 and headquartered in Findlay, Ohio, operates as a subsidiary of Marathon Petroleum Corporation, with MPLX GP LLC serving as its general partner. The company is a prominent owner and operator of midstream energy infrastructure and logistics assets primarily across the United States. Its business is segmented into Logistics and Storage, and Gathering and Processing. MPLX's extensive operations involve the gathering, processing, and transportation of natural gas, alongside the gathering, transportation, fractionation, exchange, storage, and marketing of natural gas liquids. It also handles the collection, storage, transportation, and distribution of crude oil, refined products, and other hydrocarbon-based goods, including the sale of residue gas and condensate. Furthermore, the company manages inland marine businesses, focusing on the transportation of light products, heavy oils, crude oil, renewable fuels, chemicals, and feedstocks within the Mid-Continent and Gulf Coast regions, utilizing its owned and third-party chartered boats and barges, and maintaining a marine repair facility on the Ohio River. Complementing these activities, MPLX oversees fuel distribution, refining logistics, terminals, rail facilities, and storage caverns, and operates specialized terminal facilities for the receipt, storage, blending, additization, handling, and redelivery of refined petroleum products through various modes including pipeline, rail, marine, and over-the-road transport.
Day range
Current $59.67
52-week range
Current $59.67
Profitability as a percentage of reported revenue.
Revenue
Operating income
Net income
| Metric (USD) | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | 11.82B USD | 10.9B USD | 10.43B USD | 10.54B USD | 9.58B USD |
| Cost of goods sold | 6.47B USD | 6.09B USD | 5.87B USD | 6.25B USD | 5.52B USD |
| Gross profit | 5.35B USD | 4.82B USD | 4.56B USD | 4.29B USD | 4.06B USD |
| Selling, general, and administrative | 446M USD | 427M USD | 379M USD | 335M USD | 353M USD |
| Operating expenses | 583M USD | −471M USD | −337M USD | −622M USD | 63M USD |
| Interest expense | 983M USD | 921M USD | 923M USD | 925M USD | 879M USD |
| Depreciation and amortization | 1.35B USD | 1.28B USD | 1.21B USD | 1.23B USD | 1.29B USD |
| Operating income | 4.76B USD | 5.29B USD | 4.9B USD | 4.91B USD | 3.99B USD |
| Net income | 4.91B USD | 4.32B USD | 3.93B USD | 3.94B USD | 3.08B USD |
Company facts updated Sep 7, 2026.
Recent quarterly results
Recent quarterly results
Third-party consensus; not a GoAI recommendation.
Average target
$63.80
6.92% upsideFunds reporting this stock among their holdings, ordered by reported position size.
Alerian MLP ETFAMLP1.72B11.63%13.54B USD1.01%$55.72+0.54%
Global X - MLP ETFMLPA298.02M12.46%2.39B USD0.77%$57.20+0.25%
First Trust North American Energy Infrastructure FundEMLP180.17M4.30%4.18B USD0.95%$44.14-0.20%
Global X - MLP & Energy Infrastructure ETFMLPX166.59M4.53%3.68B USD0.45%$75.61-0.25%
InfraCap MLP ETFAMZA56.61M11.56%495.02M USD1.72%$50.63-0.24%
FT Energy Income Partners Enhanced Income ETFEIPI50.66M4.57%1.11B USD1.11%$22.83-0.13%
MLP & Energy Infrastructure High Income ETFMLPI38.92M4.15%934.2M USD0.68%$54.630.00%
Alerian Energy Infrastructure ETFENFR27.74M5.09%549.56M USD0.35%$39.905-0.31%Alerian MLP ETFAMLPGlobal X - MLP ETFMLPAFirst Trust North American Energy Infrastructure FundEMLPGlobal X - MLP & Energy Infrastructure ETFMLPXInfraCap MLP ETFAMZAFT Energy Income Partners Enhanced Income ETFEIPIMLP & Energy Infrastructure High Income ETFMLPIAlerian Energy Infrastructure ETFENFRAI-generated and delayed market data for informational and educational purposes only. Not investment advice.
