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MPLX Lp (MPLX) Stock: Price, Forecast & Analyst Target

MPLX Lp (MPLX) — MoonshotScore 75/100 (Strong band), calculated Oct 5, 2026. Price $57.55 (+2.08%), as of the Oct 5, 2026 trading session; market cap $58.4B. Expected results Nov 3, 2026.

Educational signal · not a buy or sell recommendation · How to read this

Market value / cash and short-term investments: 56.64× (market value Oct 5, 2026; cash Jun 30, 2026) · expected results Nov 3, 2026

$57.55 +$1.18 (+2.08%) Market Cap $58.4B

MPLX Lp · MPLX · NYSE · Energy · Oil & Gas Midstream

Research dated 2026-09-12: MPLX is a midstream partnership whose assets gather, process, fractionate, transport and store hydrocarbons, while also supporting refinery logistics, terminals and marine movements. Its case depends on whether new capacity attracts the expected volumes and converts heavy capital spending into durable cash generation without adding pressure to an already leveraged balance sheet.

Price as of Oct 5, 2026

Key Statistics

75 of 100

MoonshotScore v2 · MPLX Lp (MPLX)

Strong
Business Quality Elite (91)
Financial Safety Strained (36)
Valuation Fair (64)
Growth Durability Growing (67)
Momentum Rising (66)
Why this rating? Method, drivers & history

Bands for the MoonshotScore: Exceptional 80-100 · Strong 65-79 · Fair 45-64 · Weak below 45.

  • Business Quality — Is this a genuinely good business?
  • Financial Safety — Could this blow up on me?
  • Valuation — Am I paying a fair price?
  • Growth Durability — Is the growth real and likely to last?
  • Momentum — Is the market already moving on this?
The ten-second read ·

Elite quality, but a strained balance sheet. Business Quality: Elite; Financial Safety: Strained; Valuation: Fair; Growth Durability: Growing; Momentum: Rising.

  • quarterly revenue $3.31B (Q2 FY2026, quarter ended Jun 2026)
  • EPS beat 3 of 8
  • Altman Z 1.94 · Piotroski F 7

Helping: business quality

What has the MoonshotScore done over time?

MoonshotScore snapshots recorded for MPLX (29 recorded, newest six shown)
RecordedScoreBand
75Strong
75Strong
76Strong
76Strong
76Strong
76Strong

The score was 75 in the stored Oct 4, 2026 snapshot and remains 75 in the current publication computed Oct 5, 2026 (0). This current publication is not yet represented in the immutable snapshot archive.

Calculation uses the most recent completed US trading session. Live price changes do not update the score immediately.

Computed · Educational signal · not a buy or sell recommendation · How the MoonshotScore is computed →

Price & valuation

Dates shown where recorded
MeasureValueAs of
Latest provided price$57.55
Change on the day+2.08%
52-week range$47.80 – $60.95
Market capitalisation$58.4B
Price / earnings (trailing)12.10
Shares traded on the day368.2K
Beta (volatility vs the S&P 500)0.46
Dividends per share (last 12 months)$4.31
Dividend yield (last 12 months)7.64%

Price & events

Weekly closing price with reported quarters marked Weekly closing price from Sep 5, 2025 to Oct 5, 2026: low $48, high $60, latest $58. 4 reported quarters marked, 2 above and 1 below the recorded estimate. 1 other dated event marked. $60 $48 high $60 Nov 4, 2025 · Earnings results · reported above the recorded estimate · close $511Feb 3, 2026 · Earnings results · reported above the recorded estimate · close $562May 5, 2026 · Earnings results · reported below the recorded estimate · close $543Aug 4, 2026 · Earnings call · management outlook · no recorded estimate to compare · close $594Aug 4, 2026 · Earnings results · reported in line with the recorded estimate · close $595 Sep 5, 2025 Oct 5, 2026 · $58 $51Sep 5, 2025$50Sep 19, 2025$50Oct 3, 2025$49Oct 17, 2025$51Oct 31, 2025$53Nov 14, 2025$54Nov 28, 2025$55Dec 12, 2025$54Dec 26, 2025$53Jan 9, 2026$55Jan 23, 2026$56Feb 6, 2026$58Feb 20, 2026$59Mar 6, 2026$58Mar 20, 2026$56Apr 2, 2026$56Apr 17, 2026$57May 1, 2026$55May 15, 2026$55May 29, 2026$57Jun 12, 2026$57Jun 26, 2026$57Jul 10, 2026$59Jul 24, 2026$59Aug 7, 2026$58Aug 21, 2026$60Sep 4, 2026$59Sep 18, 2026$56Oct 2, 2026

Triangles mark reported quarters on the line: pointing up is above the recorded estimate, down is below, a diamond means no estimate on file or a dated event that is not a results report. Numbers key to the dated list. Point at or tab to any week for its close.

Events behind the price

  • · Earnings results · above the recorded estimate
  • · Earnings results · above the recorded estimate
  • · Earnings results · below the recorded estimate
  • · Earnings call · management outlook
  • · Earnings results · in line with the recorded estimate

Results dates follow the earnings feed; call dates follow the transcript provider. Nearby dates do not establish that an event caused a price move.

Upcoming events

As of

  1. Next results dueProvider estimate

Management outlook

  • The expansion of this strategic growth platform remains on track to enter service at the end of the fourth quarter, and we anticipate volumes to ramp quickly, supporting our run rate expectations for 2027.

    Maryann Mannen · Statement from

  • We expect the first 150,000 barrel per day fractionator, the 400,000 barrel per day JV LPG export terminal and the associated purity pipeline to be in service in 2028, followed by the second 150,000 barrel per day fractionation in 2029. Our confidence in the volumes and utilization of our assets reinforces our expectation for durable cash flows that will support MPLX's continued growth.

    Maryann Mannen · Statement from

Statement dates identify the earnings call, not a deadline. Management expectations and provider estimates can change.

Read management statements

Council Score · weighted blend of 2 available disciplines

Council score for MPLX Lp (MPLX): Bullish Lean

71/100 · A

Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.

5-Factor Breakdown

Growth Durability Moderate
Momentum Moderate
Business Quality Strong
Financial Safety Weak
Valuation Moderate

Legends Council

6 lenses, 6 current

AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built

Dalio-style lens (simulated) Ray Dalio Favorable read
Griffin-style lens (simulated) Ken Griffin Neutral read
Simons-style lens (simulated) Jim Simons Favorable read
Englander-style lens (simulated) Izzy Englander Neutral read
Klarman-style lens (simulated) Seth Klarman Favorable read
Moon AI lens (model) Favorable read

Read on: Oct 5, 2026

Munger's Mindset

Balance Sheet & Valuation · historical

Financial Health Neutral
Margin of Safety Undervalued
Profit Margin Strong
Revenue Growth Neutral
Debt/Equity Negative
ROE Strong
Gross Margin Moderate

Read on: Sep 10, 2026 · older than the 27 hours refresh window; not a current reading

How to read these bars and different assessments

Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.

Bars show each model's ordered assessment on its own scale, not a probability or a comparable investment return. The adjacent words give the assessment; more filled segments indicate a stronger model reading.

On Sep 10, 2026, the Munger lens read the price at that time as undervalued against its own estimate of value.

Readings on this page are from Oct 5, 2026, except a card that shows its own read date.

Watch the MPLX film — every key number, told as a short cinematic story

~2 min · open the film

1 · What is it?

What is MPLX Lp (MPLX), and what does it report?

Short answer · as of

MPLX sells infrastructure access and handling across much of the hydrocarbon chain: gathering and processing natural gas, fractionating and transporting natural gas liquids, moving crude oil and refined products, operating storage and terminals, and providing marine logistics.

Research dated 2026-09-12.

MPLX sells infrastructure access and handling across much of the hydrocarbon chain: gathering and processing natural gas, fractionating and transporting natural gas liquids, moving crude oil and refined products, operating storage and terminals, and providing marine logistics. Revenue therefore reflects asset throughput and utilization alongside product marketing and sales.

Operations are organized around Logistics and Storage plus Gathering and Processing. The disclosed revenue mix is led by services, with product sales and other services alongside them, so MPLX is not simply a producer whose results follow commodity output.

Sources (as of 2026-09-12): Legal name; Sector / industry (provider taxonomy); Business description; Revenue by segment; Annual revenue and net result (USD millions)

2 · Latest results

What do the latest results show for MPLX Lp (MPLX)?

Short answer · as of

The most recent reported quarter, Q2 FY2026, carried revenue of $3.31B.

Research dated 2026-09-12.

The latest reported period brought a rebound in revenue, operating profit and net income from the preceding period, while operating cash flow also strengthened. Earnings met the prevailing expectation, but revenue remained below consensus; the recovery also stopped short of the strongest result earlier in the reported sequence.

Those figures establish the improvement, while management’s forward explanation is project-led. Eiger is expected to enter service around year-end and ramp volumes quickly, with later fractionation, export and pipeline projects intended to extend the growth platform.

Sources (as of 2026-09-12): Quarterly income statement (USD thousands); Operating cash flow by quarter (USD millions); Reported versus estimated, last 8 quarters; Most recent periodic reports; Management outlook — dated call excerpts

Where is operating spending going?

Revenue alongside research and development, selling, general and administrative expenses, and the FMP standardized operating result.

Latest quarter · revenue
$3.31B Jun 30, 2026
Latest quarter · SG&A
$108.00M Jun 30, 2026
Latest quarter · FMP standardized operating result
$1.38B Jun 30, 2026
Where is operating spending going? — FMP standardized evidence
Period endRevenueR&DSG&AFMP standardized operating result
Jun 30, 2026$3.31BNot available$108.00M$1.38B
Mar 31, 2026$2.86BNot available$114.00M$1.02B
Dec 31, 2025$3.10BNot available$101.00M$1.33B
Sep 30, 2025$3.62BNot available$126.00M$1.80B

USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow.

Did results meet expectations?

Reported earnings and revenue alongside the estimates recorded by the provider.

Latest report · revenue
$3.08B Aug 4, 2026
Latest report · revenue estimate
$3.14B Aug 4, 2026
Latest report · revenue vs estimate
Below estimate Aug 4, 2026
Latest report · EPS vs estimate
In line Aug 4, 2026
Did results meet expectations? — reported evidence
Report dateRevenue · reportedRevenue · estimateEPS · reportedEPS · estimate
Aug 4, 2026$3.08B$3.14B$1.0600$1.0600
May 5, 2026$2.81B$3.09B$0.9000$1.0500
Feb 3, 2026$3.25B$3.18B$1.1700$1.0600
Nov 4, 2025$3.62B$3.16B$1.5200$1.0700

Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined.

Quarterly income statement — 4 quarters
Revenue, net income and earnings per share by quarter
PeriodRevenueNet incomeEPS
Q2 FY2026$3.31B$1.09B$1.06 (diluted)
Q1 FY2026$2.86B$912M$0.90 (diluted)
Q4 FY2025$3.10B$1.19B$1.17 (diluted)
Q3 FY2025$3.62B$1.54B$1.52 (diluted)
3 · Financial strengths and risks

What are the financial strengths and risks for MPLX Lp (MPLX)?

Short answer

Cash and short-term investments were $1.03B at the Jun 30, 2026 balance-sheet date. Operating cash flow was $1.70B for the quarter ended Jun 30, 2026, meaning operations generated cash. These figures do not establish a cash runway.

Research dated 2026-09-12.

Operating cash flow remained positive throughout the reported sequence and exceeded capital spending in the latest period. Annual revenue and net income have also generally advanced, supporting strong trailing margins and returns.

Leverage and liquidity require a different reading. Cash and short-term investments have declined materially and remain small beside total debt; the broader cash-and-investments balance consists mainly of long-term investments whose classification is unclassified. If new capacity ramps more slowly than management expects, elevated project spending could absorb cash before matching operating returns.

Sources (as of 2026-09-12): Annual revenue and net result (USD millions); Operating cash flow by quarter (USD millions); Cash, investments and debt; Cash and investment components; Cash and short-term investments over time (USD millions); Cash decline over the reported window; Trailing twelve-month ratio set; Management outlook — dated call excerpts

How much cash does the business generate or use?

Quarterly operating cash flow shows cash generated or used by operations.

Latest quarter · operating cash flow
$1.70B Jun 30, 2026
Previous quarter · operating cash flow
$1.35B Mar 31, 2026
How much cash does the business generate or use? — reported evidence
Period endOperating cash flowCapital expenditure (reported)
Jun 30, 2026$1.70B−$825.00M
Mar 31, 2026$1.35B−$575.00M
Dec 31, 2025$1.50B−$714.00M
Sep 30, 2025$1.43B$568.00M

Operating cash-flow bars share one scale and show magnitude; negative values mean cash used.

USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway.

4 · What to check next?

What should you watch next at MPLX Lp (MPLX)?

Short answer · as of

The next earnings report is expected on Nov 3, 2026.

Research dated 2026-09-12.

Eiger’s entry into service and the pace of its volume ramp are the nearest operational tests. The useful confirmation would be sustained operating cash generation alongside higher utilization, rather than revenue growth accompanied by continued erosion in cash and short-term investments.

Capital spending, debt and distribution growth should be read together. Management expects durable cash flows and visible projects to support further distribution increases, while consensus anticipates improvement from the latest earnings result.

Farther out, the fractionation facilities, joint-venture export terminal, purity pipeline and Blackcomb capacity add more execution points. Service timing, utilization and evidence that incremental takeaway demand persists will determine whether that buildout strengthens the existing network.

Sources (as of 2026-09-12): Next earnings report; Analyst revenue and earnings estimates (average); Operating cash flow by quarter (USD millions); Cash, investments and debt; Cash and short-term investments over time (USD millions); Management outlook — dated call excerpts

What management is planning

Management expectations, not completed milestones or guarantees. Selected verbatim excerpts; dates follow the transcript provider.

  1. The expansion of this strategic growth platform remains on track to enter service at the end of the fourth quarter, and we anticipate volumes to ramp quickly, supporting our run rate expectations for 2027.

    Maryann Mannen ·

  2. We expect the first 150,000 barrel per day fractionator, the 400,000 barrel per day JV LPG export terminal and the associated purity pipeline to be in service in 2028, followed by the second 150,000 barrel per day fractionation in 2029. Our confidence in the volumes and utilization of our assets reinforces our expectation for durable cash flows that will support MPLX's continued growth.

    Maryann Mannen ·

  3. We anticipate growing our distribution at this rate again in 2026 and in 2027. We expect to continue growing the distribution supported by durable cash flows, a strong balance sheet and visible growth.

    Maryann Mannen ·

  4. So even with that and with Blackcomb and Eiger coming online Eiger later this year, fourth quarter this year and Blackcomb second half of 2028, we still believe incremental takeaway capacity is needed.

    David Heppner ·

5 · Peer comparison

How does MPLX Lp compare with its peers?

Short answer

MPLX Lp's score ranks 4th of 13 in the bounded comparison shown, against 12 same-model peers. These are company scores, not expected investment returns. The set lists named competitors first, then companies in the same data-provider industry classification closest in market value; that classification is the provider's, not our judgment of business similarity.

Research dated 2026-09-12.

MPLX covers more of the physical chain than a pipeline-only operator or a focused gas processor. Gathering and processing sit beside crude and refined-product logistics, storage, terminals, rail, marine transport, refining support and planned fractionation and export infrastructure.

Its relationship with Marathon Petroleum and general-partner structure also shape the business differently from a stand-alone midstream operator. A service-led revenue mix reduces the usefulness of treating MPLX as merely a commodity producer, although product and marketing activity still contribute.

Sources (as of 2026-09-12): Business description; Sector / industry (provider taxonomy); Revenue by segment; Management outlook — dated call excerpts

Peer set — price, market value and MoonshotScore
CompanyPriceMarket valueScore
Suncor Energy Inc. (SU) Named competitor$68.77 Oct 5, 2026$80.7B88 5-pillar Oct 5, 2026
Cheniere Energy Partners, L.P. (CQP) Same industry, near in market value$63.26 Oct 5, 2026$29.7B84 5-pillar Oct 5, 2026
Cheniere Energy, Inc. (LNG) Same industry, near in market value$274.93 Oct 5, 2026$56.2B76 5-pillar Oct 5, 2026
MPLX Lp (MPLX) — this page$57.55$58.4B75
Targa Resources Corp. (TRGP) Same industry, near in market value$287.40 Oct 5, 2026$61.7B63 5-pillar Oct 5, 2026
Enterprise Products Partners L.P. (EPD) Named competitor$36.80 Oct 5, 2026$78.0B60 5-pillar Oct 5, 2026
SLB N.V. (SLB) Named competitor$50.28 Oct 5, 2026$74.6B60 5-pillar Oct 5, 2026
Eni S.p.A. (E) Named competitor$54.64 Oct 5, 2026$79.2B60 5-pillar Oct 5, 2026
ONEOK, Inc. (OKE) Same industry, near in market value$88.58 Oct 5, 2026$55.8B59 5-pillar Oct 5, 2026
Energy Transfer LP (ET) Named competitor$20.72 Oct 5, 2026$71.3B57 5-pillar Oct 5, 2026
Kinder Morgan, Inc. (KMI) Same industry, near in market value$31.41 Oct 5, 2026$69.9B56 5-pillar Oct 5, 2026
Pembina Pipeline Corporation (PBA) Same industry, near in market value$46.11 Oct 5, 2026$26.9B56 5-pillar Oct 5, 2026
The Williams Companies, Inc. (WMB) Same industry, near in market value$70.81 Oct 5, 2026$86.6B55 5-pillar Oct 5, 2026

Only 5-pillar scores are ranked together. Other models are not directly comparable. Price and score dates are shown separately; market-value dates are unavailable.

Screen more Energy stocks

The records behind this page

Analyst targets & estimates

What analysts have on file

Price target, low to high
$63.00 – $66.00
Consensus target
$63.80
Median target
$63.00

Consensus record · Captured .

Measured against a quoted price of $57.55 (as of Oct 5, 2026).

Insider activity

Form 4 records via FMP · Of the newest 60 records, those within the last 180 days, newest dated Aug 14, 2026

Transactions
28
Identified insiders
7
Purchases
0
Sales
0
Other transactions
28

Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.

Who holds the shares?

Institutional ownership reported through 13F filings.

Institutional ownership
19.3% Period end Jun 30, 2026
Previous quarter · ownership
19.9% Prior to period end Jun 30, 2026
Reporting holders
651 Period end Jun 30, 2026
Previous quarter · holders
658 Prior to period end Jun 30, 2026
Who holds the shares? — reported evidence
Holders in provider snapshotShares
Alps Advisors INC28,601,592
Invesco Ltd.18,273,448
Blackstone INC.12,956,943
Goldman Sachs Group INC11,329,340
Tortoise Capital Advisors, L.L.C.10,500,469

Quarterly filings lag the period end. Holder rows are names in the provider snapshot, not a verified ranking; individual filing dates are not supplied. Related managers may appear separately, so these positions are not summed. Holder snapshot as of Jun 30, 2026.

What has been published about MPLX Lp (MPLX)?

Read these with our analysis →

MPLX Lp Energy Stock: Key Questions Answered

Research dated 2026-09-12; the answers below are from that research, and the full attribution is under Sources. The last 3 questions are answered from this page's own dated data, not from the research.

What does MPLX move besides natural gas?

MPLX handles natural gas liquids, crude oil, refined products, renewable fuels, chemicals and feedstocks through pipelines, terminals, rail links, boats, barges and road transport connections.

Sources (as of 2026-09-12): Business description

How do Eiger and Blackcomb fit MPLX’s growth plan?

Eiger is the nearer capacity addition and is expected to ramp quickly after entering service, while Blackcomb follows later. Management still sees a need for incremental takeaway capacity even after those projects begin operating.

Sources (as of 2026-09-12): Management outlook — dated call excerpts

Can MPLX fund its capital program from operating cash flow?

Recent operating cash flow exceeded reported capital spending, showing meaningful internal funding capacity. Falling cash and short-term investments, together with substantial debt, make continued coverage an important test as spending rises.

Sources (as of 2026-09-12): Operating cash flow by quarter (USD millions); Cash, investments and debt; Cash and short-term investments over time (USD millions); Cash decline over the reported window

Why is MPLX’s investment balance not the same as ready cash?

Most of the broader cash-and-investments total sits in long-term investments with an unclassified designation. Cash and short-term investments are considerably smaller, so the broader total should not be treated as immediately available liquidity.

Sources (as of 2026-09-12): Cash, investments and debt; Cash and investment components; Trailing twelve-month ratio set

What is the MPLX stock price today?

The last price recorded on this page for MPLX Lp (MPLX) is $57.55, as of the Oct 5, 2026 trading session (source: Financial Modeling Prep (FMP) · quote). It is a provider snapshot, not a live exchange feed, so check a brokerage quote before you trade.

What is the MPLX price target?

The analyst consensus price target for MPLX Lp (MPLX) is $63.80 (range $63.00 to $66.00, median $63.00), per FMP data captured Oct 5, 2026. Targets are analyst opinions and change often; they are not a Stock Expert AI forecast.

Does MPLX pay a dividend?

Yes. MPLX Lp (MPLX) shows a trailing 12-month dividend yield of 7.64%, as of Oct 2, 2026, in the data on this page. Payout ratio and cash-flow coverage decide whether it can last, and past dividends do not guarantee future payments.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Research written by Codex (gpt-5.6-sol) on 2026-09-12. AI-authored analysis; source dates are shown with each answer. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief.

Sources (as of 2026-09-12): Business description; Revenue by segment; Operating cash flow by quarter (USD millions); Cash, investments and debt; Management outlook — dated call excerpts

Sources — records for every figure on this page (81 figures)

The 81 rows below are exactly the facts the evidence-backed sections of this page printed — the 10-second verdict, the MoonshotScore, price and market value, the five questions with their receipts, and the records behind this page. Known dates and sources are recorded on their own rows; an em dash or UNRECORDED tier preserves a stored observation without inventing either. The quarterly income statement is provider-standardized (FMP) under one row, and scale definitions — a 0-100 rating, the band ladder, the Piotroski 0–9 range — are fixed rather than measured. No number in those sections was generated by a model. The register does not cover quoted third-party headlines, the dated council readings, or the Frequently Asked Questions; each of those says where it came from where it stands.

"As of" is the date the value is true for where the source carries one — a quarter end, a filing date, a price close, the day the score was computed. A cached observation with no source date remains undated; the page publication date is not used as a substitute.

OFFICIAL — 2 facts from SEC filings and earnings calls

OFFICIAL facts used on this page
Fact IDFactValue as shownAs ofTierSource
prod.outlookManagement outlook — call excerptsMaryann Mannen (Aug 4, 2026): The expansion of this strategic growth platform remains on track to enter service at the end of the fourth quarter, and we anticipate volumes to ramp quickly, supporting our run rate expectations for 2027. Maryann Mannen (Aug 4, 2026): We expect the first 150,000 barrel per day fractionator, the 400,000 barrel per day JV LPG export terminal and the associated purity pipeline to be in service in 2028, followed by the second 150,000 barrel per day fractionation in 2029. Our confidence in the volumes and utilization of our assets reinforces our expectation for durable cash flows that will support MPLX's continued growth. Maryann Mannen (Aug 4, 2026): We anticipate growing our distribution at this rate again in 2026 and in 2027. We expect to continue growing the distribution supported by durable cash flows, a strong balance sheet and visible growth. David Heppner (Aug 4, 2026): So even with that and with Blackcomb and Eiger coming online Eiger later this year, fourth quarter this year and Blackcomb second half of 2028, we still believe incremental takeaway capacity is needed.OFFICIALCompany earnings call, transcript via Financial Modeling Prep (FMP) — Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording.
id.hqSEC filing business addressFindlay, OHOFFICIALSEC EDGAR filer business address — The SEC filer business address. Our market-data provider separately lists "200 East Hardin Street, Findlay, OH, 45840-3229, US".

FMP — 69 facts from Financial Modeling Prep endpoint families

FMP facts used on this page
Fact IDFactValue as shownAs ofTierSource
earn.nextNext earnings dateNov 3, 2026FMPFinancial Modeling Prep (FMP) earnings calendar — The date is our provider's estimate until the company confirms it.
px.lastLatest provided price$57.55FMPFinancial Modeling Prep (FMP) · quote — Dated to the US trading session the price belongs to, derived from the quote record's timestamp (weekend and pre-open reads roll back to the previous weekday; exchange holidays are not modelled). The record does not establish an exchange execution time. Retrieved 2026-10-05T17:14:46.521Z.
px.changeChange on the day+2.08%FMPFinancial Modeling Prep (FMP) · quote
px.mcapMarket capitalisation$58.4BFMPFinancial Modeling Prep (FMP) · quote — Date unknown Market cap record date: 2026-10-05. FMP quote timestamp: 2026-10-05T17:14:33.000Z. Captured from FMP at 2026-10-05T17:14:45.495Z. No share-count basis is inferred; this page preserves the reported amount instead of recalculating it from shares.
px.change_absChange on the day, in dollars+$1.18FMPFinancial Modeling Prep (FMP) · quote
fin.q_revenueRevenue, Q2 FY2026$3.31BFMPFinancial Modeling Prep (FMP) · income statement (quarterly)
px.pePrice / earnings (trailing)12.10FMPFinancial Modeling Prep (FMP) · quote
px.volumeShares traded on the day368.2KFMPFinancial Modeling Prep (FMP) · quote
px.betaBeta0.46FMPFinancial Modeling Prep (FMP) company profile
id.ceoChief executiveMaryann T. MannenFMPFinancial Modeling Prep (FMP) key executives (proxy-derived) — Titles and pay come from the company's proxy statement as our provider parsed it.
id.employeesEmployees5,762FMPFinancial Modeling Prep (FMP) employee count, from the company's filing
fin.annualRevenue and net result by fiscal year5 fiscal years, FY2021 through FY2025: FY2021 revenue $9.57B, net result $3.08B; FY2022 revenue $10.54B, net result $3.94B; FY2023 revenue $10.43B, net result $3.93B; FY2024 revenue $10.90B, net result $4.32B; FY2025 revenue $11.82B, net result $4.91BFMPFinancial Modeling Prep (FMP), from the company's 10-K income statements
fin.rev_mixReported revenue segmentsProduct $2.00B · Service $4.39B · Service, Other $289.00MFMPFinancial Modeling Prep (FMP) revenue segmentation, from the company's 10-K
fin.gross_marginGross margin (trailing twelve months)52.2%FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero.
fin.q_table.depth.2026-06-30.revenue_kRevenue — period end 2026-06-30$3.31BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-06-30.sga_kSG&A — period end 2026-06-30$108.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-06-30.operating_result_kFMP standardized operating result — period end 2026-06-30$1.38BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-03-31.revenue_kRevenue — period end 2026-03-31$2.86BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-03-31.sga_kSG&A — period end 2026-03-31$114.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-03-31.operating_result_kFMP standardized operating result — period end 2026-03-31$1.02BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-12-31.revenue_kRevenue — period end 2025-12-31$3.10BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-12-31.sga_kSG&A — period end 2025-12-31$101.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-12-31.operating_result_kFMP standardized operating result — period end 2025-12-31$1.33BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-09-30.revenue_kRevenue — period end 2025-09-30$3.62BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-09-30.sga_kSG&A — period end 2025-09-30$126.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-09-30.operating_result_kFMP standardized operating result — period end 2025-09-30$1.80BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
earn.history.depth.2026-08-04.revenue_actualRevenue · reported — report date 2026-08-04$3.08BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-08-04.revenue_estimatedRevenue · estimate — report date 2026-08-04$3.14BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-08-04.eps_actualEPS · reported — report date 2026-08-04$1.0600Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-08-04.eps_estimatedEPS · estimate — report date 2026-08-04$1.0600Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-05-05.revenue_actualRevenue · reported — report date 2026-05-05$2.81BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-05-05.revenue_estimatedRevenue · estimate — report date 2026-05-05$3.09BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-05-05.eps_actualEPS · reported — report date 2026-05-05$0.9000Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-05-05.eps_estimatedEPS · estimate — report date 2026-05-05$1.0500Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-03.revenue_actualRevenue · reported — report date 2026-02-03$3.25BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-03.revenue_estimatedRevenue · estimate — report date 2026-02-03$3.18BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-03.eps_actualEPS · reported — report date 2026-02-03$1.1700Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-03.eps_estimatedEPS · estimate — report date 2026-02-03$1.0600Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-04.revenue_actualRevenue · reported — report date 2025-11-04$3.62BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-04.revenue_estimatedRevenue · estimate — report date 2025-11-04$3.16BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-04.eps_actualEPS · reported — report date 2025-11-04$1.5200Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-04.eps_estimatedEPS · estimate — report date 2025-11-04$1.0700Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
fin.q_tableQuarterly income statement4 quarters through Q2 FY2026FMPFinancial Modeling Prep (FMP) · income statement (quarterly), as filed
fin.cash_investmentsCash and short-term investments$1.03BFMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review.
fin.opcf_latestLatest-quarter operating cash flow$1.70BFMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Period end: 2026-06-30. Negative operating cash flow means cash used. This figure is not a cash-runway estimate.
fin.long_term_investmentsLong-term investments (classification unverified)$5.15BFMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.
fin.total_debtTotal debt$25.89BFMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.
fin.price_to_bookPrice to book value4.08×FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero.
fin.opcf.depth.2026-06-30.operating_cash_flow_mOperating cash flow — period end 2026-06-30$1.70BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2026-03-31.operating_cash_flow_mOperating cash flow — period end 2026-03-31$1.35BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2026-06-30.capex_mCapital expenditure (reported) — period end 2026-06-30−$825.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2026-03-31.capex_mCapital expenditure (reported) — period end 2026-03-31−$575.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-12-31.operating_cash_flow_mOperating cash flow — period end 2025-12-31$1.50BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-12-31.capex_mCapital expenditure (reported) — period end 2025-12-31−$714.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-09-30.operating_cash_flow_mOperating cash flow — period end 2025-09-30$1.43BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-09-30.capex_mCapital expenditure (reported) — period end 2025-09-30$568.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
earn.pt_rangeAnalyst price target, low to high$63.00 – $66.00FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 5, 2026 · Coverage not supplied
earn.pt_consensusConsensus analyst price target$63.80FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 5, 2026 · Coverage not supplied
earn.pt_medianMedian analyst price target$63.00FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 5, 2026 · Coverage not supplied
own.insidersInsider transactions via FMP28 transactions · 0 purchases, 0 sales, 28 other transactions · 7 identified insiders · of the newest 60 records, those within the last 180 days, newest dated Aug 14, 2026FMPFinancial Modeling Prep (FMP), carrying Form 4 transaction records — Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.
own.institutions.depth.ownership_pctInstitutional ownership19.3%FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026
own.institutions.depth.ownership_pct_previous_quarterPrevious quarter · ownership19.9%FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026
own.institutions.depth.holdersReporting holders651FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026
own.institutions.depth.holders_previous_quarterPrevious quarter · holders658FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026
own.top_holders.depth.holder_0.sharesAlps Advisors INC — shares in provider snapshot28,601,592FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_1.sharesInvesco Ltd. — shares in provider snapshot18,273,448FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_2.sharesBlackstone INC. — shares in provider snapshot12,956,943FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_3.sharesGoldman Sachs Group INC — shares in provider snapshot11,329,340FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_4.sharesTortoise Capital Advisors, L.L.C. — shares in provider snapshot10,500,469FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.

UNRECORDED — 3 facts from stored observations whose source was not recorded

UNRECORDED facts used on this page
Fact IDFactValue as shownAs ofTierSource
earn.historyReported versus estimated, recent quartersEPS beat 3 of 8UNRECORDEDStored earnings-history observation — Captured 2026-10-04
fin.scoresDistress and quality screensAltman Z 1.94 · Piotroski F 7UNRECORDEDStored financial-scores observation — Captured 2026-10-04 · Expired observation
px.range5252-week range$47.80 – $60.95UNRECORDEDStored company-profile observation — Captured 2026-10-04

COMPUTED — 5 facts from our arithmetic, formula restated

COMPUTED facts used on this page
Fact IDFactValue as shownAs ofTierSource
fin.mcap_to_cashMarket value per dollar of cash and short-term investments56.64×—COMPUTEDComputed on this page from the figures above — The market capitalisation printed on this page divided by cash and short-term investments of $1.03B at Jun 30, 2026. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. Market cap record date: 2026-10-05. Balance-sheet reference date: 2026-06-30. The inputs do not establish a single common source date for this ratio.
div.ttm_per_shareDividends per share, last 12 months (split-adjusted)$4.31COMPUTEDFinancial Modeling Prep (FMP) split-adjusted dividend history — Sum of 4 split-adjusted declared dividends with an ex-date in the 365 days to 2026-10-05, per current share. Ex-dates are not payment dates; special dividends are included. Not a declared annual rate.
div.ttm_yieldDividend yield, last 12 months7.64%COMPUTEDFinancial Modeling Prep (FMP) split-adjusted dividend history and quote — Split-adjusted dividends with ex-dates in the trailing 365-day window divided by the packet price, on the same current-share basis. Price date follows the quote, latest price bar or packet-build day when unstamped. Not a forecast or declared annual rate.
earn.history.depth.2026-08-04.revenue_actual.comparisonLatest report · revenue vs estimateBelow estimateReport date · COMPUTEDComputed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported revenue ($3.08B) with the recorded estimate ($3.14B) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns.
earn.history.depth.2026-08-04.eps_actual.comparisonLatest report · EPS vs estimateIn lineReport date · COMPUTEDComputed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported EPS ($1.0600) with the recorded estimate ($1.0600) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns.

OURS — 2 facts from Stock Expert AI's own score and rank

OURS facts used on this page
Fact IDFactValue as shownAs ofTierSource
ours.moonshotMoonshotScore v275 of 100 · Strong · pillars 91 / 36 / 64 / 67 / 66OURSStock Expert AI MoonshotScore v2 engine
ours.moonshot_changeMoonshotScore movement75 (stored snapshot Oct 4, 2026) → 75 (current publication computed Oct 5, 2026) (0)OURSStock Expert AI current score publication and immutable score snapshots — The current score publication is not yet represented in the immutable snapshot archive.

Fact-family notes

  1. Quarterly statement note. Source series as of 2026-06-30. USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow. Applies to Fact IDs: fin.q_table.depth.2026-06-30.revenue_k, fin.q_table.depth.2026-06-30.sga_k, fin.q_table.depth.2026-06-30.operating_result_k, fin.q_table.depth.2026-03-31.revenue_k, fin.q_table.depth.2026-03-31.sga_k, fin.q_table.depth.2026-03-31.operating_result_k, fin.q_table.depth.2025-12-31.revenue_k, fin.q_table.depth.2025-12-31.sga_k, fin.q_table.depth.2025-12-31.operating_result_k, fin.q_table.depth.2025-09-30.revenue_k, fin.q_table.depth.2025-09-30.sga_k, fin.q_table.depth.2025-09-30.operating_result_k.
  2. Earnings-history note. Source series as of 2026-08-04. Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined. Applies to Fact IDs: earn.history.depth.2026-08-04.revenue_actual, earn.history.depth.2026-08-04.revenue_estimated, earn.history.depth.2026-08-04.revenue_actual.comparison, earn.history.depth.2026-08-04.eps_actual.comparison, earn.history.depth.2026-08-04.eps_actual, earn.history.depth.2026-08-04.eps_estimated, earn.history.depth.2026-05-05.revenue_actual, earn.history.depth.2026-05-05.revenue_estimated, earn.history.depth.2026-05-05.eps_actual, earn.history.depth.2026-05-05.eps_estimated, earn.history.depth.2026-02-03.revenue_actual, earn.history.depth.2026-02-03.revenue_estimated, earn.history.depth.2026-02-03.eps_actual, earn.history.depth.2026-02-03.eps_estimated, earn.history.depth.2025-11-04.revenue_actual, earn.history.depth.2025-11-04.revenue_estimated, earn.history.depth.2025-11-04.eps_actual, earn.history.depth.2025-11-04.eps_estimated.
  3. Cash-flow note. Source series as of 2026-06-30. USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway. Applies to Fact IDs: fin.opcf.depth.2026-06-30.operating_cash_flow_m, fin.opcf.depth.2026-03-31.operating_cash_flow_m, fin.opcf.depth.2026-06-30.capex_m, fin.opcf.depth.2026-03-31.capex_m, fin.opcf.depth.2025-12-31.operating_cash_flow_m, fin.opcf.depth.2025-12-31.capex_m, fin.opcf.depth.2025-09-30.operating_cash_flow_m, fin.opcf.depth.2025-09-30.capex_m.
Published
Research standards
Methodology · Editorial policy · Corrections

Sources used for research written 2026-09-12

Historical evidence preserved with this analysis. Current figures are listed separately above.

EvidenceCaptured valueSource dateSource typeSource
Business description
MPLX LP, incorporated in 2012 and headquartered in Findlay, Ohio, operates as a subsidiary of Marathon Petroleum Corporation, with MPLX GP LLC serving as its general partner. The company is a prominent owner and operator of midstream energy infrastructure and logistics assets primarily across the United States. Its business is segmented into Logistics and Storage, and Gathering and Processing. MPLX's extensive operations involve the gathering, processing, and transportation of natural gas, alongside the gathering, transportation, fractionation, exchange, storage, and marketing of natural gas liquids. It also handles the collection, storage, transportation, and distribution of crude oil, refined products, and other hydrocarbon-based goods, including the sale of residue gas and condensate. Furthermore, the company manages inland marine businesses, focusing on the transportation of light products, heavy oils, crude oil, renewable fuels, chemicals, and feedstocks within the Mid-Continent and Gulf Coast regions, utilizing its owned and third-party chartered boats and barges, and maintaining a marine repair facility on the Ohio River. Complementing these activities, MPLX oversees fuel distribution, refining logistics, terminals, rail facilities, and storage caverns, and operates specialized terminal facilities for the receipt, storage, blending, additization, handling, and redelivery of refined petroleum products through various modes including pipeline, rail, marine, and over-the-road transport.
2026-09-12FMPFinancial Modeling Prep (FMP) company profile
Revenue by segment
Product: $2.00B; Service: $4.39B; Service, Other: $289.00M
2025-12-31FMPFinancial Modeling Prep (FMP) revenue segmentation, from the company's 10-K
Operating cash flow by quarter (USD millions)
Captured record · 8 entries
  • Quarter ended 2026-06-30 — Capital expenditure: -$825.00M, Operating cash flow: $1.70B
  • Quarter ended 2026-03-31 — Capital expenditure: -$575.00M, Operating cash flow: $1.35B
  • Quarter ended 2025-12-31 — Capital expenditure: -$714.00M, Operating cash flow: $1.50B
  • Quarter ended 2025-09-30 — Capital expenditure: $568.00M, Operating cash flow: $1.43B
  • Quarter ended 2025-06-30 — Capital expenditure: -$301.00M, Operating cash flow: $1.74B
  • Quarter ended 2025-03-31 — Capital expenditure: -$267.00M, Operating cash flow: $1.25B
  • Quarter ended 2024-12-31 — Capital expenditure: -$308.00M, Operating cash flow: $1.68B
  • Quarter ended 2024-09-30 — Capital expenditure: -$280.00M, Operating cash flow: $1.42B
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements
Cash, investments and debt
Total debt: $25.89B; Liquidity basis: cash and short-term investments; Total liabilities: $28.72B; Cash and short-term investments: $1.03B; Cash and investments: $6.18B; Long-term investments: $5.15B; Long-term investments classification: unclassified

Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.

2026-06-30FMPFinancial Modeling Prep (FMP), from the company's balance sheet
Management outlook — dated call excerpts
Captured record · 4 entries
  • Call of 2026-08-04 — Quote: The expansion of this strategic growth platform remains on track to enter service at the end of the fourth quarter, and we anticipate volumes to ramp quickly, supporting our run rate expectations for 2027., Speaker: Maryann Mannen
  • Call of 2026-08-04 — Quote: We expect the first 150,000 barrel per day fractionator, the 400,000 barrel per day JV LPG export terminal and the associated purity pipeline to be in service in 2028, followed by the second 150,000 barrel per day fractionation in 2029. Our confidence in the volumes and utilization of our assets reinforces our expectation for durable cash flows that will support MPLX's continued growth., Speaker: Maryann Mannen
  • Call of 2026-08-04 — Quote: We anticipate growing our distribution at this rate again in 2026 and in 2027. We expect to continue growing the distribution supported by durable cash flows, a strong balance sheet and visible growth., Speaker: Maryann Mannen
  • Call of 2026-08-04 — Quote: So even with that and with Blackcomb and Eiger coming online Eiger later this year, fourth quarter this year and Blackcomb second half of 2028, we still believe incremental takeaway capacity is needed., Speaker: David Heppner

Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording.

2026-08-04OFFICIALCompany earnings call, transcript via Financial Modeling Prep (FMP)
Legal name
MPLX LP

Our market-data provider lists the name as "MPLX Lp"; the filer's own record is used here.

2026-02-26OFFICIALSEC EDGAR — 10-K filed 2026-02-26
Sector / industry (provider taxonomy)
Energy / Oil & Gas Midstream

The company's SEC filings classify it under SIC 4610 — Pipe Lines (No Natural Gas).

2026-09-12FMPFinancial Modeling Prep (FMP) company profile
Annual revenue and net result (USD millions)
Captured record · 5 entries
  • FY2025 — R&D: $0, Revenue: $11.82B, Period end: 2025-12-31, Net result: $4.91B
  • FY2024 — R&D: $0, Revenue: $10.90B, Period end: 2024-12-31, Net result: $4.32B
  • FY2023 — R&D: $0, Revenue: $10.43B, Period end: 2023-12-31, Net result: $3.93B
  • FY2022 — R&D: $0, Revenue: $10.54B, Period end: 2022-12-31, Net result: $3.94B
  • FY2021 — R&D: $0, Revenue: $9.57B, Period end: 2021-12-31, Net result: $3.08B
2025-12-31FMPFinancial Modeling Prep (FMP), from the company's 10-K income statements
Quarterly income statement (USD thousands)
Captured record · 8 entries
  • Quarter ended 2026-06-30 — EPS: $1.06 per share, R&D: $0, SG&A: $108.00M, EPS basic: $1.06 per share, EPS basis: diluted, Revenue: $3.31B, EPS diluted: $1.06 per share, Net result: $1.09B, Gross profit: $1.89B, Operating result: $1.38B
  • Quarter ended 2026-03-31 — EPS: $0.9 per share, R&D: $0, SG&A: $114.00M, EPS basic: $0.91 per share, EPS basis: diluted, Revenue: $2.86B, EPS diluted: $0.9 per share, Net result: $912.00M, Gross profit: $1.17B, Operating result: $1.02B
  • Quarter ended 2025-12-31 — EPS: $1.17 per share, R&D: $0, SG&A: $101.00M, EPS basic: $1.17 per share, EPS basis: diluted, Revenue: $3.10B, EPS diluted: $1.17 per share, Net result: $1.19B, Gross profit: $1.47B, Operating result: $1.33B
  • Quarter ended 2025-09-30 — EPS: $1.52 per share, R&D: $0, SG&A: $126.00M, EPS basic: $1.52 per share, EPS basis: diluted, Revenue: $3.62B, EPS diluted: $1.52 per share, Net result: $1.54B, Gross profit: $2.20B, Operating result: $1.80B
  • Quarter ended 2025-06-30 — EPS: $1.03 per share, R&D: $0, SG&A: $107.00M, EPS basic: $1.03 per share, EPS basis: diluted, Revenue: $2.79B, EPS diluted: $1.03 per share, Net result: $1.05B, Gross profit: $1.22B, Operating result: $1.29B
  • Quarter ended 2025-03-31 — EPS: $1.1 per share, R&D: $0, SG&A: $112.00M, EPS basic: $1.1 per share, EPS basis: diluted, Revenue: $2.89B, EPS diluted: $1.1 per share, Net result: $1.13B, Gross profit: $1.27B, Operating result: $1.37B
  • Quarter ended 2024-12-31 — EPS: $1.07 per share, R&D: $0, SG&A: $104.00M, EPS basic: $1.07 per share, EPS basis: diluted, Revenue: $2.84B, EPS diluted: $1.07 per share, Net result: $1.10B, Gross profit: $1.26B, Operating result: $1.34B
  • Quarter ended 2024-09-30 — EPS: $1.01 per share, R&D: $0, SG&A: $107.00M, EPS basic: $1.01 per share, EPS basis: diluted, Revenue: $2.78B, EPS diluted: $1.01 per share, Net result: $1.04B, Gross profit: $1.22B, Operating result: $1.27B
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements
Reported versus estimated, last 8 quarters
Captured record · 8 entries
  • Reported 2026-08-04 — EPS actual: $1.06 per share, EPS estimated: $1.06 per share, Revenue actual: $3.08B, Revenue estimated: $3.14B
  • Reported 2026-05-05 — EPS actual: $0.9 per share, EPS estimated: $1.05 per share, Revenue actual: $2.81B, Revenue estimated: $3.09B
  • Reported 2026-02-03 — EPS actual: $1.17 per share, EPS estimated: $1.06 per share, Revenue actual: $3.25B, Revenue estimated: $3.18B
  • Reported 2025-11-04 — EPS actual: $1.52 per share, EPS estimated: $1.07 per share, Revenue actual: $3.62B, Revenue estimated: $3.16B
  • Reported 2025-08-05 — EPS actual: $1.03 per share, EPS estimated: $1.06 per share, Revenue actual: $2.79B, Revenue estimated: $3.14B
  • Reported 2025-05-06 — EPS actual: $1.1 per share, EPS estimated: $1.1 per share, Revenue actual: $2.89B, Revenue estimated: $3.16B
  • Reported 2025-02-04 — EPS actual: $1.07 per share, EPS estimated: $1.04 per share, Revenue actual: $2.84B, Revenue estimated: $3.07B
  • Reported 2024-11-05 — EPS actual: $1.01 per share, EPS estimated: $1.05 per share, Revenue actual: $2.78B, Revenue estimated: $3.09B
2026-08-04FMPFinancial Modeling Prep (FMP) earnings
Most recent periodic reports2026-08-04OFFICIALSEC EDGAR filer submissions
Cash and investment components
Total basis: cash short and long-term investments; Total: $6.18B; Cash and short-term investments: $1.03B; Long-term investments: $5.15B; Long-term investments classification: unclassified

Sums the balance sheet's cash and short-term investments with its long-term investments.; The long-term investment field does not establish marketability; the sum is not a measure of available liquidity.; These provider fields do not establish investment access restrictions or explain differences from third-party cash figures.

2026-06-30COMPUTEDComputed from the balance sheet
Cash and short-term investments over time (USD millions)
Captured record · 8 entries
  • 2026-06-30 — Amount: $1.03B, Cash basis: cash and short-term investments
  • 2026-03-31 — Amount: $1.51B, Cash basis: cash and short-term investments
  • 2025-12-31 — Amount: $2.14B, Cash basis: cash and short-term investments
  • 2025-09-30 — Amount: $2.80B, Cash basis: cash and short-term investments
  • 2025-06-30 — Amount: $1.39B, Cash basis: cash and short-term investments
  • 2025-03-31 — Amount: $2.53B, Cash basis: cash and short-term investments
  • 2024-12-31 — Amount: $1.52B, Cash basis: cash and short-term investments
  • 2024-09-30 — Amount: $2.43B, Cash basis: cash and short-term investments
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's quarterly balance sheets
Cash decline over the reported window
To: 2026-06-30; From: 2024-09-30; Periods: 7; Cash basis: cash and short-term investments; Closing balance: $1.03B; Decline: $1.40B; Opening balance: $2.43B; Average change per period: $199.30M

Change in cash, cash equivalents and short-term investments between the 2024-09-30 and 2026-06-30 balance sheets.; This is a balance change, not operating burn: financing and investing move it too.; Averaged over 7 reporting periods of unequal length.

2026-06-30COMPUTEDComputed from reported balances
Trailing twelve-month ratio set
Quick ratio: 0.83; Current ratio: 0.89; Debt to equity: 1.85; Net margin: 36.7%; Gross margin: 52.2%; Operating margin: 42.9%; Return on assets: 11%; Return on equity: 33.4%

Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. A ratio our provider could not compute is absent rather than shown as zero.

2026-09-12FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm
Next earnings report
Date: 2026-11-03; EPS estimate: $1.13 per share; Revenue estimate: $3.36B

The date is our provider's estimate until the company confirms it.

2026-09-12FMPFinancial Modeling Prep (FMP) earnings calendar
Analyst revenue and earnings estimates (average)
Captured record · 4 entries
  • FY2027 — EPS average: $4.82 per share, Revenue average: $14.01B, Revenue low: $13.58B, Revenue high: $14.34B, Analysts (revenue): 6
  • FY2028 — EPS average: $5.14 per share, Revenue average: $14.73B, Revenue low: $13.69B, Revenue high: $15.81B, Analysts (revenue): 6
  • FY2029 — EPS average: $5.27 per share, Revenue average: $14.63B, Revenue low: $14.12B, Revenue high: $15.18B, Analysts (revenue): 4
  • FY2030 — EPS average: $5.63 per share, Revenue average: $15.44B, Revenue low: $14.90B, Revenue high: $16.01B, Analysts (revenue): 3
2026-09-12FMPFinancial Modeling Prep (FMP) analyst estimates
Data Sources & Methodology
Figures come from Financial Modeling Prep (FMP). If FMP has no figure for a ticker, a price or fundamental may come from a Yahoo Finance fallback, or a price from an Alpaca fallback. SEC EDGAR is used only for filing links and company identity details (legal name, address), never for figures. AI analysis by Stock Expert AI proprietary algorithms. Technical indicators via industry-standard calculations. Last updated: .
Data Provenance
Sources: Financial Modeling Prep (FMP) — Primary · Yahoo Finance — Fallback · Alpaca — Tertiary
Last fetched:
Cache TTL: Quote 5min · Profile 7d · Financials 7d · Insider 48h
How we use AI: Numbers are pulled directly from FMP & Yahoo Finance — our AI writes the analysis, it never edits the figures.
Data provided as-is for educational purposes. Not financial advice. Methodology

Data provided for informational purposes only.

ETFs that hold MPLX

Funds in our ETF coverage that list MPLX among the top 10 holdings on their fund page, largest weight first. Each weight is the fund's reported holding weight as of the date in its row.

ETFWeightHoldings as of
Amplify Samsung U.S. Natural Gas Infrastructure ETF (USNG)7.79%
UMI ETF6.29%
FT Energy Income Partners Enhanced Income ETF (EIPI)3.85%