MPLX
Energy · Oil & Gas Midstream
Performance
MPLX (MPLX) Stock Analysis 2026
Rule-based · Updated daily · Not financial advice
MPLX (MPLX) operates in the Oil & Gas Midstream space within the Energy sector. With a market cap of $57.1B, it qualifies as a mid-cap company. Revenue has been contracting year-over-year, a headwind that investors will watch closely in upcoming earnings.
- Low P/E of 12.2× suggests the stock may be undervalued relative to earnings
- Forward P/E (11.4×) is lower than trailing P/E (12.2×) — analysts expect earnings to improve
- Exceptional profit margin of 40.0% — the business retains a large share of each dollar earned
- ROE of 33.4% shows management efficiently converts equity into profit
- Dividend yield of 7.73% provides consistent income on top of price appreciation
- Low beta of 0.46 — less volatile than the market, suitable for conservative portfolios
- Revenue declined 3% YoY — warning sign for business momentum
- Earnings fell 18% YoY — profitability is under pressure
- High debt-to-equity of 182.79× increases financial risk, especially with elevated interest rates
Verdict
Strong Buy
Multiple fundamental strengths with few red flags. Long-term buyers may find this compelling.
AI Insight
Powered by ClaudeAI-generated analysis for informational purposes only. Not financial advice.
Related Articles
Revenue & Results
Dividends
Current DY
7.73%
5Y Avg Annual
$3.1348
Last Payment
$1.0770
Ex-Date
05/08/2026
Annual dividends paid per share
| Ex-Date | Payment | Amount | Est. DY |
|---|---|---|---|
Latest05/08/2026 | 05/15/2026 | $1.0770 | 7.66% |
02/09/2026 | 02/16/2026 | $1.0770 | 7.66% |
11/07/2025 | 11/14/2025 | $1.0770 | 7.66% |
08/08/2025 | 08/15/2025 | $0.9570 | 6.80% |
05/09/2025 | 05/16/2025 | $0.9570 | 6.80% |
02/03/2025 | 02/10/2025 | $0.9570 | 6.80% |
11/08/2024 | 11/15/2024 | $0.9570 | 6.80% |
08/09/2024 | 08/16/2024 | $0.8500 | 6.04% |
Magic Number
Shares needed to self-fund your next purchase
$56.28
Price
$1.0770
Last div. (quarterly)
53
shares
Own 53 MPLX shares ($2,982.58) and each quarterly dividend pays for 1 new share — the snowball runs on its own.
Investment target
$2,982.58
New shares / year
+4 shares
If You Had Invested…
Hypothetical return based on historical prices
* Dividend reinvestment calculated at ex-date price. For informational purposes only.
Earnings
Next Earnings
Aug 4, 2026
49
days
EPS (TTM)
$4.62
P/E (TTM)
12.2
Fwd P/E
11.4
Earnings History
SEC EDGAR · official filings
SEC Filings
Official EDGAR documents
Key Statistics
Valuation
Trading
Dividends
Profitability
Balance Sheet
Fair Value Estimates
Current price: $56.27
Graham Number
√(22.5 × EPS × Book Value)
$37.96
Benjamin Graham's intrinsic value formula. Assumes a fair stock trades at no more than 22.5× the product of EPS and book value per share.
Bazin Ceiling Price
Avg. Annual DPS (5Y) ÷ 6%
$56.21
Décio Bazin's dividend-based ceiling. The max price you should pay so that dividends alone deliver at least 6% annual yield on your cost basis.
These are simplified estimates. Not financial advice.
Buy & Hold Checklist
Quality criteria for long-term holding
7/10
70% score
Pays dividends
13Y hist.13+ years of dividend history
Dividend consistency (5Y+)
13 yrsUninterrupted dividend payments for at least 5 years
ROE above 10%
33.4%Return on equity — measures how efficiently capital is used
Positive profit margin
40.0%Net profit margin must be positive — company earns more than it spends
Revenue growth (annual)
-2.8%Annual revenue must be growing compared to the prior year
Earnings growth (annual)
-18.4%Annual earnings must be growing compared to the prior year
Debt/Equity below 2×
182.79×Low financial leverage reduces risk of distress
Current ratio above 1
1.10×Short-term assets must cover short-term liabilities
Daily liquidity above $5M
$115M/dayHigh trading volume ensures easy entry and exit
Dividend yield above 0%
7.73%Stock must distribute income to shareholders
Related Assets
Energy
About MPLX
MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. It operates in two segments, Crude Oil and Products Logistics; and Natural Gas and NGL Services. 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 inland marine businesses, comprising fleet of boats and barges transport 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, it operates terminal facilities for the receipt, storage, blending, additization, handling, and redelivery of refined petroleum products through the pipeline, rail, marine, and truck 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.