MPLX LP (MPLX) Stock

MPLX is in a strong position to grow as the demand for natural gas increases, especially with the new requirements from AI data centers. The company is investing $1 billion each year to support a steady growth in adjusted EBITDA. While MPLX units are priced higher compared to similar companies, they offer a much larger dividend, with a yield of 7.40% expected in the future.

MPLX LP (MPLX) finished the last trading session at $51.88, which means there was no change from the previous day's closing price.

MPLX LP (MPLX) finished the latest trading session at $51.88, showing no change from the previous day's closing price.

FINDLAY, Ohio, Jan. 22, 2025 /PRNewswire/ -- The board of directors for MPLX LP (NYSE: MPLX) has announced a quarterly cash distribution of $0.9565 per common unit for the fourth quarter of 2024, which totals $3.826 for the year. This payment will be made on February 14, 2025, to common unitholders who are on record as of February 3, 2025.

MPLX is entering a promising period as midstream energy companies regain their leading position in the industry. With its strong partnership with MPC and a diverse approach to the energy infrastructure value chain, MPLX is in a good place. Its consistent cash flow growth and reliable distribution increases make it an attractive option for investors looking for income.

Pipeline companies are often great options for people looking for passive income. They produce consistent revenue supported by long-term agreements and rates set by the government.

MPLX LP (MPLX) closed at $50.81 on the most recent trading day, showing an increase of 1.24% from its previous closing price.

In the most recent trading session, MPLX LP (MPLX) finished at $48.52, which is the same as the day before.

In the most recent trading session, MPLX LP (MPLX) finished at $47.69, which is an increase of 0.44% compared to the day before.