Profile
Sector:
EnergyIndustry:
Oil & Gas MidstreamCountry:
United StatesIPO:
26 October 2012Website:
http://www.mplx.comNext earnings report:
06 August 2024Last dividends:
02 May 2024Next dividends:
N/APrice
after hours | 90 min agoAnalysts recommendations
Institutional Ownership
MPLX Latest News
In the latest trading session, MPLX LP (MPLX) closed at $42.43, marking a +0.38% move from the previous day.
In the latest trading session, MPLX LP (MPLX) closed at $40.81, marking a -0.49% move from the previous day.
The latest trading day saw MPLX LP (MPLX) settling at $41.17, representing a +0.05% change from its previous close.
FINDLAY, Ohio , June 11, 2024 /PRNewswire/ -- MPLX LP (NYSE: MPLX) will host a conference call on Tuesday, August 6, 2024, at 9:30 a.m. EDT to discuss 2024 second-quarter financial results.
MPLX LP, a standout in the midstream sector, offers a compelling blend of income and growth with an 8.3% yield. Strategic investments in natural gas infrastructure position MPLX for future profitability and expansion. MPLX presents a solid investment opportunity for those seeking steady returns.
MPLX LP is a large midstream MLP player with a market cap of over $41 billion and a forward dividend yield of 8.3%. The MLP has a strong balance sheet with low leverage and a favorable debt maturity profile, reducing refinancing risks. MPLX generates significant distributable cash flow, allowing for organic and inorganic growth opportunities, including strategic acquisitions.
These stocks look cheap despite their excellent long-term opportunities.
MPLX LP offers the highest dividend yield among the largest midstream companies by market cap. The company's strong operating performance and capital allocation approach support my confidence in dividend safety. MPLX's valuation is attractive, with a fair share price indicating a potential 40% increase.
Zacks.com users have recently been watching MPLX LP (MPLX) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
MPLX LP (NYSE: MPLX) announced today that it has successfully priced $1.65 billion in 5.50% senior notes due 2034 in a public offering, with the notes being offered at 98.778% of par value.
What type of business is MPLX LP?
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.
What sector is MPLX LP in?
MPLX LP is in the Energy sector
What industry is MPLX LP in?
MPLX LP is in the Oil & Gas Midstream industry
What country is MPLX LP from?
MPLX LP is headquartered in United States
When did MPLX LP go public?
MPLX LP initial public offering (IPO) was on 26 October 2012
What is MPLX LP website?
https://www.mplx.com
Is MPLX LP in the S&P 500?
No, MPLX LP is not included in the S&P 500 index
Is MPLX LP in the NASDAQ 100?
No, MPLX LP is not included in the NASDAQ 100 index
Is MPLX LP in the Dow Jones?
No, MPLX LP is not included in the Dow Jones index
When does MPLX LP report earnings?
The next expected earnings date for MPLX LP is 06 August 2024