Energy · Oil & Gas Midstream
Price
$57.19
Market Cap
$58.0B
Employees
6,200
Beta
0.45
Avg Volume
1,949,608
CEO
Maryann T. Mannen
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.
Runs with full report
Price Overview
Last updated: Jul 10, 2026 4:17am (just now)
Current data · timestamped when a report runs
$57.19
Change · Jul 10
-0.25 (-0.44%)
Day Range
$57.02 – $57.79
52-Week Range
$47.80 – $59.98
50-Day MA
$55.96
200-Day MA
$54.72
Volume
968,698.00
Analyst Price Targets
Low
$58.00
Consensus
$60.25
High
$63.00
(30 analysts)
Share Structure
Outstanding
1,014,733,719.00
Float
363,668,069.00
Free Float
35.8%
Moderate free float
— 35.8% of shares trade freely, ~64.2% held by insiders/institutions
Reasonable but insiders still hold a significant stake. This can be positive (skin in the game) but may limit liquidity during sell-offs.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
12.38
Stock Price: $57.19
EPS (Diluted): 4.82
EPS (Diluted): 4.82
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
3.80
Stock Price: $57.19
Total Equity: $14.30B
Shares: 1,019,000,000
Total Equity: $14.30B
Shares: 1,019,000,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
11.46
Market Cap: $58.03B
Total Debt: $25.71B
Cash: $2.14B
EBITDA: $7.29B
Total Debt: $25.71B
Cash: $2.14B
EBITDA: $7.29B
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$78.4B
Market Cap: $58.03B
Total Debt: $25.71B
Cash: $2.14B
Total Debt: $25.71B
Cash: $2.14B
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
45.2%
Gross Profit: $5.35B
Revenue: $11.82B
Revenue: $11.82B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
40.3%
Operating Income: $4.76B
Revenue: $11.82B
Revenue: $11.82B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
41.6%
Net Income: $4.91B
Revenue: $11.82B
Revenue: $11.82B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
33.3%
Net Income: $4.91B
Total Equity: $14.30B
Total Equity: $14.30B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
13.2%
Operating Income: $4.76B
Tax Rate: 0.2%
Equity: $14.30B
Total Debt: $25.71B
Cash: $2.14B
Tax Rate: 0.2%
Equity: $14.30B
Total Debt: $25.71B
Cash: $2.14B
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
1.23
Current Assets: $3.99B
Current Liabilities: $3.25B
Current Liabilities: $3.25B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
1.80
Short-Term Debt: $1.56B
Long-Term Debt: $24.15B
Total Debt: $25.71B
Total Equity: $14.30B
Long-Term Debt: $24.15B
Total Debt: $25.71B
Total Equity: $14.30B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$11.60
Revenue: $11.82B
Shares: 1,019,000,000
Shares: 1,019,000,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$14.03
Total Equity: $14.30B
Shares: 1,019,000,000
Shares: 1,019,000,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$4.02
Operating CF: $5.91B
CapEx: -$1.81B
Shares: 1,019,000,000
CapEx: -$1.81B
Shares: 1,019,000,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
7.4%
Last Dividend: N/A
Stock Price: $57.19
Stock Price: $57.19
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $4.91B
Net Income: $4.91B
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares MPLX against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jul 10, 2026 4:17am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $9.6B | $10.5B | $10.4B | $10.9B | $11.8B |
| Cost of Revenue | $5.5B | $6.3B | $5.9B | $6.1B | $6.5B |
| Gross Profit | $4.1B | $4.3B | $4.6B | $4.8B | $5.3B |
| Operating Expenses | $63.0M | -$622.0M | -$337.0M | -$471.0M | $583.0M |
| Operating Income | $4.0B | $4.9B | $4.9B | $5.3B | $4.8B |
| Net Income | $3.1B | $3.9B | $3.9B | $4.3B | $4.9B |
| EBITDA | $5.2B | $6.1B | $6.1B | $6.6B | $7.3B |
| EPS | $2.86 | $3.75 | $3.83 | $4.21 | $4.82 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jul 10, 2026 4:17am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $13.0M | $238.0M | $1.0B | $1.5B | $2.1B |
| Total Current Assets | $1.5B | $1.9B | $2.8B | $3.3B | $4.0B |
| Total Assets | $35.5B | $35.7B | $36.5B | $37.5B | $43.0B |
| Current Liabilities | $3.3B | $2.4B | $2.6B | $3.2B | $3.2B |
| Long-Term Debt | $18.1B | $18.8B | $19.3B | $19.3B | $24.2B |
| Total Liabilities | $22.5B | $22.2B | $22.9B | $23.5B | $28.5B |
| Total Equity | $12.8B | $13.5B | $13.3B | $13.8B | $14.3B |
| Retained Earnings | $0 | $0 | $0 | $0 | $0 |
Cash Flow (Annual)
Last updated: Jul 10, 2026 4:17am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $4.9B | $5.0B | $5.4B | $5.9B | $5.9B |
| Capital Expenditure | -$529.0M | -$806.0M | -$937.0M | -$1.1B | -$1.8B |
| Free Cash Flow | $4.4B | $4.2B | $4.5B | $4.9B | $4.1B |
| Acquisitions (net) | -$151.0M | -$245.0M | -$246.0M | -$940.0M | -$4.0B |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$630.0M | -$491.0M | -$600.0M | -$326.0M | -$400.0M |
| Net Change in Cash | -$2.0M | $225.0M | $810.0M | $471.0M | $618.0M |
Analyst Estimates (Annual)
Last updated: Jul 10, 2026 4:17am (just now)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$13.7B $13.7B – $13.7B
|
$14.4B $14.2B – $14.5B
|
$14.6B $14.3B – $15.1B
|
$15.4B $15.1B – $15.9B
|
| EBITDA |
$8.0B $8.0B – $8.0B
|
$8.4B $8.3B – $8.5B
|
$8.6B $8.4B – $8.8B
|
$9.0B $8.8B – $9.3B
|
| Net Income |
$5.0B $4.5B – $5.2B
|
$5.3B $4.6B – $6.2B
|
$5.5B $5.3B – $5.7B
|
$5.9B $5.7B – $6.1B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jul 10, 2026 4:17am (just now)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +10.1% | -1.0% | +4.5% | +8.4% |
| Gross Profit Growth | +5.8% | +6.4% | +5.6% | +11.0% |
| Operating Income Growth | +23.0% | -0.2% | +7.9% | -9.9% |
| Net Income Growth | +28.2% | -0.4% | +9.9% | +13.8% |
| EBITDA Growth | +16.8% | +0.4% | +8.3% | +10.6% |
Dividend History (Last 20)
Last updated: Jul 10, 2026 4:17am (just now)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-05-08 | $1.08 | 2026-04-28 | 2026-05-08 | 2026-05-15 |
| 2026-02-09 | $1.08 | 2026-01-29 | 2026-02-09 | 2026-02-17 |
| 2025-11-07 | $1.08 | 2025-10-28 | 2025-11-07 | 2025-11-14 |
| 2025-08-08 | $0.96 | 2025-06-30 | 2025-08-08 | 2025-08-15 |
| 2025-05-09 | $0.96 | 2025-04-29 | 2025-05-09 | 2025-05-16 |
| 2025-02-03 | $0.96 | 2025-01-22 | 2025-02-03 | 2025-02-14 |
| 2024-11-08 | $0.96 | 2024-10-29 | 2024-11-08 | 2024-11-15 |
| 2024-08-09 | $0.85 | 2024-07-30 | 2024-08-09 | 2024-08-16 |
| 2024-05-02 | $0.85 | 2024-04-23 | 2024-05-03 | 2024-05-13 |
| 2024-02-02 | $0.85 | 2024-01-24 | 2024-02-05 | 2024-02-14 |
| 2023-11-02 | $0.85 | 2023-10-24 | 2023-11-03 | 2023-11-13 |
| 2023-08-03 | $0.78 | 2023-07-25 | 2023-08-04 | 2023-08-14 |
| 2023-05-04 | $0.78 | 2023-04-25 | 2023-05-05 | 2023-05-15 |
| 2023-02-03 | $0.78 | 2023-01-11 | 2023-02-06 | 2023-02-14 |
| 2022-11-14 | $0.78 | 2022-11-01 | 2022-11-15 | 2022-11-22 |
| 2022-08-04 | $0.71 | 2022-07-26 | 2022-08-05 | 2022-08-12 |
| 2022-05-05 | $0.71 | 2022-04-26 | 2022-05-06 | 2022-05-13 |
| 2022-02-03 | $0.71 | 2022-01-25 | 2022-02-04 | 2022-02-14 |
| 2021-11-10 | $1.28 | 2021-11-02 | 2021-11-12 | 2021-11-19 |
| 2021-08-05 | $0.69 | 2021-06-27 | 2021-08-06 | 2021-08-13 |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-05-15 | Walker Ray N JR | A-Award | 78.44 | $0.00 | $0 |
| 2026-05-15 | SURMA JOHN P | A-Award | 1,656.32 | $0.00 | $0 |
| 2026-05-15 | STICE J MICHAEL | A-Award | 1,098.21 | $0.00 | $0 |
| 2026-05-15 | SEMPLE FRANK M | A-Award | 1,194.07 | $0.00 | $0 |
| 2026-05-15 | Peiffer Garry L. | A-Award | 1,303.50 | $0.00 | $0 |
| 2026-05-15 | HELMS CHRISTOPHER A | A-Award | 1,415.12 | $0.00 | $0 |
| 2026-05-15 | Breves Christine S | A-Award | 276.83 | $0.00 | $0 |
| 2026-04-30 | Walker Ray N JR | A-Award | 2,246.99 | $0.00 | $0 |
| 2026-04-30 | SURMA JOHN P | A-Award | 2,579.54 | $0.00 | $0 |
| 2026-04-30 | STICE J MICHAEL | A-Award | 2,579.54 | $0.00 | $0 |
| 2026-04-30 | SEMPLE FRANK M | A-Award | 2,579.54 | $0.00 | $0 |
| 2026-04-30 | Peiffer Garry L. | A-Award | 2,246.99 | $0.00 | $0 |
| 2026-04-30 | HELMS CHRISTOPHER A | A-Award | 2,246.99 | $0.00 | $0 |
| 2026-04-30 | Breves Christine S | A-Award | 2,246.99 | $0.00 | $0 |
| 2026-04-01 | Brzezinski Erin M | 0.00 | $0.00 | $0 | |
| 2026-03-01 | Mannen Maryann T. | A-Award | 52,817.00 | $0.00 | $0 |
| 2026-03-02 | Mannen Maryann T. | F-InKind | 3,407.00 | $59.22 | $201,763 |
| 2026-03-02 | Mannen Maryann T. | F-InKind | 3,404.00 | $59.22 | $201,585 |
| 2026-03-02 | Mannen Maryann T. | F-InKind | 6,409.00 | $59.22 | $379,541 |
| 2026-03-01 | Lyon Shawn M | A-Award | 5,986.00 | $0.00 | $0 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for MPLX — it's generated by the pipeline (
market-narrative step).
No community reviews yet for MPLX.
Be the first — hit How to Contribute, have any AI review this page, and paste its take back here.
My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.397 · fd27f02b · 2026-07-09 18:28:55