MPLX Stock - MPLX Lp
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $10.90B | $10.43B | $10.54B | $9.57B | $8.40B |
| Gross Profit | $4.82B | $4.56B | $4.29B | $4.05B | $3.75B |
| Gross Margin | 44.2% | 43.7% | 40.7% | 42.3% | 44.6% |
| Operating Income | $5.29B | $4.90B | $4.91B | $3.99B | $211.00M |
| Net Income | $4.32B | $3.93B | $3.94B | $3.08B | $-720,000,000 |
| Net Margin | 39.6% | 37.6% | 37.4% | 32.1% | -8.6% |
| EPS | $4.21 | $3.83 | $3.75 | $2.86 | $-0.80 |
MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. It operates in two segments, Logistics and Storage, and Gathering and Processing. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, exchange, storage, and marketing of natural gas liquids; gathering, storage, transportation, and distribution of crude oil and refined products, as well as other hydrocarbon-based products; and sale of residue gas and condensate. It also engages in the inland marine businesses comprising transportation of light products, heavy oils, crude oil, renewable fuels, chemicals, and feedstocks in the Mid-Continent and Gulf Coast regions, as well as owns and operates boats and barges, including third-party chartered equipment, and a marine repair facility located on the Ohio River; and distribution of fuel, as well as operates refining logistics, terminals, rail facilities, and storage caverns. In addition, the company operates terminal facilities for the receipt, storage, blending, additization, handling, and redelivery of refined petroleum products located through the pipeline, rail, marine, and over-the-road modes of transportation. MPLX GP LLC acts as the general partner of MPLX LP. The company was incorporated in 2012 and is headquartered in Findlay, Ohio. MPLX LP operates as a subsidiary of Marathon Petroleum Corporation.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 1st 2025 | JP Morgan | Downgrade | Neutral | $57 |
| October 17th 2024 | BofA Securities | Resumed | Underperform | $43 |
| October 6th 2023 | Goldman | Resumed | Buy | $40 |
| March 14th 2023 | JP Morgan | Upgrade | Overweight | $41← $37 |
| January 9th 2023 | Wolfe Research | Upgrade | Outperform | $36 |
| December 9th 2022 | Citigroup | Initiation | Neutral | $33.5 |
| September 29th 2022 | BofA Securities | Downgrade | Underperform | $34 |
| May 2nd 2022 | Truist | Resumed | Buy | $37 |
Earnings History & Surprises
MPLXEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 4, 2026 | — | — | — | — |
Q1 2026 | Feb 3, 2026 | $1.10 | — | — | — |
Q4 2025 | Nov 4, 2025 | $1.07 | $1.52 | +42.1% | ✓ BEAT |
Q3 2025 | Aug 5, 2025 | $1.06 | $1.03 | -2.8% | ✗ MISS |
Q2 2025 | May 6, 2025 | $1.10 | $1.10 | 0.0% | = MET |
Q1 2025 | Feb 4, 2025 | $1.04 | $1.07 | +2.9% | ✓ BEAT |
Q4 2024 | Nov 5, 2024 | $1.05 | $1.01 | -3.8% | ✗ MISS |
Q3 2024 | Aug 6, 2024 | $0.98 | $1.15 | +17.3% | ✓ BEAT |
Q2 2024 | Apr 30, 2024 | $0.98 | $0.98 | 0.0% | = MET |
Q1 2024 | Jan 30, 2024 | $0.94 | $1.10 | +17.0% | ✓ BEAT |
Q4 2023 | Oct 31, 2023 | $0.94 | $0.89 | -5.3% | ✗ MISS |
Q3 2023 | Aug 1, 2023 | $0.89 | $0.91 | +2.2% | ✓ BEAT |
Q2 2023 | May 2, 2023 | $0.83 | $0.91 | +9.6% | ✓ BEAT |
Q1 2023 | Jan 31, 2023 | $0.84 | $0.78 | -7.1% | ✗ MISS |
Q4 2022 | Nov 1, 2022 | $0.81 | $0.96 | +18.5% | ✓ BEAT |
Q3 2022 | Aug 2, 2022 | $0.81 | $0.83 | +2.5% | ✓ BEAT |
Q2 2022 | May 3, 2022 | $0.77 | $0.78 | +1.3% | ✓ BEAT |
Q1 2022 | Feb 2, 2022 | $0.75 | $0.78 | +4.0% | ✓ BEAT |
Q4 2021 | Nov 2, 2021 | $0.72 | $0.74 | +2.8% | ✓ BEAT |
Q3 2021 | Aug 4, 2021 | $0.67 | $0.66 | -1.5% | ✗ MISS |
Latest News
JP Morgan Downgrades MPLX to Neutral, Announces $57 Price Target
➖ NeutralMorgan Stanley Maintains Equal-Weight on MPLX, Raises Price Target to $62
➖ NeutralWhiteWater Expands Eiger Express Pipeline's Mainline Capacity
📈 PositiveRBC Capital Maintains Outperform on MPLX, Raises Price Target to $60
📈 PositiveBarclays Maintains Overweight on MPLX, Raises Price Target to $55
📈 PositiveMPLX To Supply Natural Gas To MARA Holdings' Planned Gas-fired Electricity Generation Sites In West Texas
📈 PositiveMPLX Q3 EPS $1.52 Beats $1.11 Estimate, Sales $3.619B Beat $3.163B Estimate
📈 PositiveMPLX Increases Quarterly Cash Distribution By 12.5% From $0.96 To $1.0765 Per Common Unit
📈 PositiveWells Fargo Maintains Overweight on MPLX, Lowers Price Target to $59
➖ NeutralCNBC Halftime Report Final Trades: Netflix, Amazon, Valero Energy, MPLX LP
➖ NeutralMPLX stock has given up its prior gain. MPLX shares were trading higher after the company agreed to sell its Rockies gathering and processing assets to Harvest Midstream for $1B.
📈 PositiveMPLX shares are trading higher after the company agreed to sell its Rockies gathering and processing assets to Harvest Midstream for $1B.
📈 PositiveHarvest Midstream Acquires MPLX's Uinta And Green River Gas Assets For $1B
📈 PositiveMorgan Stanley Maintains Equal-Weight on MPLX, Raises Price Target to $60
📈 PositiveWhiteWater, ONEOK, MPLX And Enbridge Announce Eiger Express Pipeline Final Investment Decision With 450 Miles Of Pipeline From Permian Basin
📈 PositiveFrequently Asked Questions about MPLX
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