MPLX LP (MPLX)
Energy · NYQ
Price as at 1 Oct 2026, 10:25 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
MPLX LP trades at $56.32, which is 30% above the $39.18 our fair value estimate puts on the business. On that measure it screens as expensive, which is not the same as saying it will fall.
Our moat model scores it 78 out of 100, which is a wide moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 12.2 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
MPLX dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | $3.23 | 3 |
| 2025 | $3.95 | 4 |
| 2024 | $3.51 | 4 |
| 2023 | $3.18 | 4 |
| 2022 | $2.89 | 4 |
| 2021 | $3.34 | 4 |
| 2020 | $2.75 | 4 |
| 2019 | $2.65 | 4 |
| 2018 | $2.49 | 4 |
| 2017 | $2.21 | 4 |
| 2016 | $2.03 | 4 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
MPLX earnings and analyst estimates
Recommendation mix, 15 published ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About MPLX LP
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.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
MPLX passes 4 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
3 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Glenn Greenberg, Brave Warrior Advisors, LLC$179.16M · 3.9% of book
- David Tepper, Appaloosa LP$28.30M · 0.4% of book
- Ken Griffin, CITADEL ADVISORS LLC$11.78M · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Politician trades in MPLX
We hold 9 disclosed trades in MPLX by members of Congress and executive-branch officials. The latest 5:
- David A. Trott · HouseBuy · $15,001 - $50,000 · traded 17 Dec 2018 · disclosed 8 Jan 2019
- David A. Trott · HouseBuy · $1,001 - $15,000 · traded 11 Sept 2018 · disclosed 5 Oct 2018
- Bill Flores · HouseBuy · $1,001 - $15,000 · traded 12 Jun 2018 · disclosed 13 Jul 2018
- Bill Flores · HouseBuy · $1,001 - $15,000 · traded 21 May 2018 · disclosed 22 Jun 2018
- Bill Flores · HouseBuy · $1,001 - $15,000 · traded 10 May 2018 · disclosed 22 Jun 2018
A disclosure reports a value band, not an amount, and is due up to 45 days after the trade; some arrive later. Every filer we track, each with their own page, is on the Congress trading tracker.
MPLX peers
The largest companies in the same industry (Oil & Gas Midstream), then in the same sector.
- ENB Enbridge Inc.
- EPD Enterprise Products Partners L.P.
- TRP TC Energy Corporation
- ET Energy Transfer LP
- VG Venture Global, Inc.
- PBA Pembina Pipeline Corporation
- PAA Plains All American Pipeline, L.P.
- AM Antero Midstream Corporation
Every energy company we cover is on the Energy hub.
Common questions
Is MPLX LP (MPLX) undervalued?
Against our fair value estimate of $39.18, MPLX at $56.32 is 30% above fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own MPLX?
3 of the institutions we track reported a position in MPLX in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is MPLX's P/E ratio?
MPLX trades at 12.2 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does MPLX LP (MPLX) pay a dividend?
Yes. MPLX LP yields 7.62% at the current share price. It has paid $4.31 per share over the trailing twelve months. It has paid a dividend in each of the last 13 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
Where does SteadyShares get its MPLX data?
Fundamentals for MPLX come from company filings and exchange data, as listed on NYQ; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 1 Oct 2026, 10:25 UTC and is delayed. Our data quality score for this company is 100/100, which is the share of the inputs behind our scores that were actually available rather than assumed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for MPLX, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.