Profile
Sector:
EnergyIndustry:
Oil & Gas MidstreamCountry:
United StatesIPO:
26 October 2012Website:
http://www.mplx.comNext earnings report:
30 January 2025Last dividends:
08 November 2024Next dividends:
N/APrice
pre-market | 26 min agoAnalysts recommendations
Institutional Ownership
Included in screeners
MPLX Latest News
In a market filled with uncertainty and high valuations, finding reliable dividend stocks is key to securing steady income and long-term growth. Despite the elevated valuations, there are still high-yield dividend opportunities that can provide stability, even in turbulent times. These three picks offer not just strong yields but also the safety and consistency I'm confident will stand up to any market challenges.
MPLX LP and Western Midstream are top MLPs in the Alerian MLP ETF, accounting for over 25% of AMLP's assets under management. Both MPLX and WES offer the highest distribution yields in the MLP sector, with MPLX at 8.14% and WES at 9.16%. I am bullish on both due to their high yields, strong balance sheets, and low valuations, making them ideal for income-seeking portfolios.
MPLX Q3 earnings and revenues rise year over year on increased gathered and processed volumes and higher contributions from its Logistics and Storage segment.
MPLX continues to add new expansion projects to its backlog.
FINDLAY, Ohio , Nov. 5, 2024 /PRNewswire/ -- Third -quarter net income attributable to MPLX of $1.0 billion and net cash provided by operating activities of $1.4 billion $1.7 billion of adjusted EBITDA attributable to MPLX and $1.4 billion of distributable cash flow $949 million of capital returned to unitholders Increased quarterly distribution by 12.5% to $3.83 per unit annualized Executing growth strategy in the Northeast with additional processing plant; expected to bring total processing and fractionation capacity to 8.1 bcf/d and 800 mbpd, respectively, in the second half of 2026 MPLX LP (NYSE: MPLX) today reported third-quarter 2024 net income attributable to MPLX of $1,037 million, compared with $918 million for the third quarter of 2023. For the first nine months of the year, net income attributable to MPLX was $3,218 million, compared with $2,794 million in the first nine months of 2023.
The latest trading day saw MPLX LP (MPLX) settling at $44.37, representing a -0.83% change from its previous close.
In the most recent trading session, MPLX LP (MPLX) closed at $43.77, indicating a -0.36% shift from the previous trading day.
I am bullish on MPLX stock due to its strong financial performance, pipeline expansions, and the favorable macroeconomic environment supporting increased energy demand. MPLX's efficient operations and high profit margins position it well to benefit from ongoing U.S. oil production and economic growth. Risks include potential political shifts towards renewable energy and economic downturns, but MPLX's current growth trajectory remains strong.
In the latest trading session, MPLX LP (MPLX) closed at $43.97, marking a -0.83% move from the previous day.
MPLX LP units are rated a hold due to fair valuation despite strong technicals and a high 7.7% distribution yield. MPLX has shown robust financial performance with consecutive earnings beats, solid EBITDA growth, and disciplined management. Key risks include higher interest rates, Appalachian production uncertainty, and broader economic and Energy sector weaknesses.
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, 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 renewables; and sale of residue gas and condensate. It also engages in the inland marine businesses comprising fleet of boats and barges transportation of light products, heavy oils, crude oil, renewable fuels, chemicals, and feedstocks in the Mid-Continent and Gulf Coast regions, as well as 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 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 was MPLX LP the previous earnings report?
No data
When does MPLX LP earnings report?
The next expected earnings date for MPLX LP is 30 January 2025