MPLX - MPLX LP

NYSE - Nasdaq Real Time Price. Currency in USD
34.78
-0.40 (-1.14%)
As of 12:41PM EDT. Market open.
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Previous Close35.18
Open34.86
Bid34.86 x 800
Ask34.90 x 800
Day's Range34.45 - 35.06
52 Week Range30.88 - 39.38
Volume369,620
Avg. Volume1,638,175
Market Cap27.614B
Beta1.53
PE Ratio (TTM)21.55
EPS (TTM)1.61
Earnings DateJul 25, 2018 - Jul 30, 2018
Forward Dividend & Yield2.47 (7.17%)
Ex-Dividend Date2018-05-04
1y Target Est41.71
Trade prices are not sourced from all markets
  • MPLX Expects to Spend $2.2 Billion on Growth Projects in 2018
    Market Realist8 days ago

    MPLX Expects to Spend $2.2 Billion on Growth Projects in 2018

    MPLX (MPLX) expects to spend $2.2 billion on growth projects in 2018. It expects to complete 11 plants by the end of 2018, adding ~1.5 Bcf/d (billion cubic feet per day) of processing capacity and ~100 Mbpd (thousand barrels per day) of fractionation capacity. It intends to fund these projects with retained cash and debt. It doesn’t expect to issue equity to fund its capital projects in 2018. It also intends to maintain a coverage ratio of 1.2x or higher.

  • How Dropdown Assets Changed MPLX’s Business Mix
    Market Realist8 days ago

    How Dropdown Assets Changed MPLX’s Business Mix

    MPLX’s (MPLX) Logistics and Storage segment contributed 55% of its operating income in the first quarter of 2018. Interestingly, the segment contributed just 36% of the company’s operating income in the fourth quarter of 2017. MPLX acquired refining logistics assets and fuel distribution services from parent Marathon Petroleum (MPC) in February 2018. These assets contributed to the segment’s earnings growth in the first quarter.

  • MPLX Expects 10% Distribution Growth in 2018
    Market Realist11 days ago

    MPLX Expects 10% Distribution Growth in 2018

    Since MPLX’s (MPLX) IPO in 2012, it has increased distributions for 21 consecutive quarters. Its distributions grew at a CAGR (compound annual growth rate) of 17.7% over that period. Its distributions grew 12% in 2017. It expects distribution growth of 10% for 2018. MPLX’s coverage ratio is a healthy 1.29x. It remained well above 1.0x over the last two years.

  • Here’s What Makes MPLX an Interesting Stock
    Market Realist11 days ago

    Here’s What Makes MPLX an Interesting Stock

    MPLX (MPLX) stock has risen just 1% so far in 2018. In comparison, Enterprise Products Partners (EPD) has risen 8%, Kinder Morgan (KMI) has fallen 11%, and Williams Companies (WMB) has fallen 16% year-to-date. The Energy Select Sector SPDR ETF (XLE) has risen 3%, and the Alerian MLP ETF (AMLP) has fallen 5%.

  • PR Newswire11 days ago

    Swank Capital and Cushing® Asset Management Announce Rebalancing of The Cushing® Transportation Index

    DALLAS , June 8, 2018  /PRNewswire/ --Swank Capital, LLC and Cushing ® Asset Management, LP, announce today an upcoming interim rebalancing of The Cushing ® Transportation Index (the "Index"). ...

  • PR Newswire11 days ago

    Swank Capital and Cushing® Asset Management Announce Rebalancing of The Cushing® Energy Supply Chain Index

    DALLAS , June 8, 2018 /PRNewswire/ -- Swank Capital, LLC, and Cushing ® Asset Management, LP, announce today an upcoming interim rebalancing of The Cushing ® Energy Supply Chain Index (the "Index"). ...

  • PR Newswire11 days ago

    Swank Capital and Cushing® Asset Management Announce Rebalancing of The Cushing® Energy Index

    DALLAS , June 8, 2018 /PRNewswire/ -- Swank Capital, LLC and Cushing ® Asset Management, LP, announce today an upcoming interim rebalancing of The Cushing ® Energy Index (the "Index"). Per the ...

  • PR Newswire11 days ago

    Swank Capital and Cushing® Asset Management Announce Rebalancing of The Cushing® Utility Index

    DALLAS , June 8, 2018 /PRNewswire/ -- Swank Capital, LLC and Cushing ® Asset Management, LP, announce today an upcoming interim rebalancing of The Cushing ® Utility Index (the "Index"). Per the ...

  • This High-Yield Stock Looks Enticing Right Now
    Motley Fool13 days ago

    This High-Yield Stock Looks Enticing Right Now

    With a rock-solid yield of nearly 7%, and ample growth prospects on the horizon, MPLX LP could deliver strong total returns in the coming years.

  • Should You Invest in the InfraCap MLP ETF (AMZA)?
    Zacks14 days ago

    Should You Invest in the InfraCap MLP ETF (AMZA)?

    Sector ETF report for AMZA

  • Harvest Fund Advisors Added Major Positions in PAA in Q1 2018
    Market Realist28 days ago

    Harvest Fund Advisors Added Major Positions in PAA in Q1 2018

    So far in this series, we’ve looked into the institutional activity in four major MLPs: Enterprise Products Partners (EPD), MPLX LP (MPLX), Energy Transfer Partners (ETP), and Energy Transfer Equity (ETE).

  • What Did Institutional Investors Do with Their Positions in EPD?
    Market Realist29 days ago

    What Did Institutional Investors Do with Their Positions in EPD?

    The number of institutional holders in Enterprise Products Partners (EPD) fell to 1,063 by the end of the first quarter compared to 1,069 in the previous quarter.

  • Why Morgan Stanley Sold MLPs during Q1 2018
    Market Realist29 days ago

    Why Morgan Stanley Sold MLPs during Q1 2018

    MLPs have been on a recovery path due to improvements in their financial positions, prudent capital spending, and—most importantly—recovery in earnings growth resulting from strong US production growth and strong crude oil prices. 

  • Wall Street Analysts Are Largely Bullish on ETP and ETE
    Market Realistlast month

    Wall Street Analysts Are Largely Bullish on ETP and ETE

    According to a Reuters’ survey, 75.0% of the analysts rated Energy Transfer Partners (ETP) as a “buy” as of May 15, while the remaining 25.0% rated it as a “hold.” MPLX LP (MPLX), Enterprise Products Partners (EPD), and Williams Partners (WPZ) have “buy” ratings from 94.4%, 100.0%, and 80.9% of the analysts, respectively.

  • KMI, EPD, WPZ, MPLX: Analysts Are Bullish on Midstream Companies
    Market Realistlast month

    KMI, EPD, WPZ, MPLX: Analysts Are Bullish on Midstream Companies

    Of the analysts covering Kinder Morgan (KMI), 64% recommended “buy,” and 36% recommended “hold.” Their price target for Kinder Morgan is $21, implying a 28% upside to its current price of $16.45.

  • Short Interest in Enterprise Products Partners Falls
    Market Realistlast month

    Short Interest in Enterprise Products Partners Falls

    The number of Enterprise Products Partners (EPD) shares shorted fell ~37.5% from ~17.3 million on April 13 to ~10.8 million on April 30. According to data released on May 9, short interest in Enterprise Products Partners as a percentage of its float is ~0.8%. Enterprise Products’ short interest ratio is 2x, which shows that it would take nearly two days to cover all open short positions in EPD.

  • MLPs’ Strong Earnings Growth Continued in 1Q18
    Market Realistlast month

    MLPs’ Strong Earnings Growth Continued in 1Q18

    Master limited partnerships or MLPs saw continued strong earnings growth in 1Q18 after a solid fourth quarter of 2017. Of the top 15 limited partnerships by market capitalization, 14 reported YoY (year-over-year) growth in quarterly revenue and EBITDA (earnings before interest, tax, depreciation, and amortization). Seven of these limited partnerships reported QoQ (quarter-over-quarter) growth in revenue while nine reported QoQ growth in adjusted EBITDA. ...

  • Institutional Investors Seem Bullish on Kinder Morgan
    Market Realistlast month

    Institutional Investors Seem Bullish on Kinder Morgan

    According to recent filings, the top ten investors in Kinder Morgan (KMI) added net 20.3 million Kinder Morgan shares to their positions. According to a March 9 filing, Richard Kinder added 0.5 million KMI shares to his position. Kinder owns nearly 246 million KMI shares, which represent 11.1% of KMI’s total outstanding shares. BlackRock Institutional Trust disclosed an addition of 0.6 million KMI shares in a March 31 filing.

  • KMI, EPD, WPZ, and MPLX: A Leverage Comparison
    Market Realistlast month

    KMI, EPD, WPZ, and MPLX: A Leverage Comparison

    Kinder Morgan’s (KMI) net debt stood at $37.0 billion at the end of 1Q18, $331 million higher quarter-over-quarter. Of the $331 million increase, nearly $100 million was associated with increased debt at Kinder Morgan Canada (KML.TO). Notably, Kinder Morgan’s net debt has fallen ~$5.8 billion since the end of 1Q15.

  • Comparing Top Midstream Companies’ Capex
    Market Realistlast month

    Comparing Top Midstream Companies’ Capex

    All four companies we’re analyzing—Enterprise Products Partners (EPD), Kinder Morgan (KMI), Williams Partners (WPZ), and MPLX (MPLX)—raised their capital expenditure YoY (year-over-year) in 2017. Enterprise Products Partners’ capital spending rose 11% in 2017 while Williams Partners’ rose 24%.

  • Why Enterprise Products Partners’ Yield Is Attractive
    Market Realistlast month

    Why Enterprise Products Partners’ Yield Is Attractive

    All four midstream companies we’re analyzing in this series—Enterprise Products Partners (EPD), Kinder Morgan (KMI), Williams Partners (WPZ), and MPLX (MPLX)—are trading at attractive yields. Enterprise Products Partners and MPLX are trading at yields of 6.4% and 7.1%, respectively, while Williams Partners is trading at a yield of ~6.7%. Kinder Morgan’s recent 60% dividend increase has raised its yield to ~5.0%.

  • Which Midstream Company Has the Highest Earnings Growth?
    Market Realistlast month

    Which Midstream Company Has the Highest Earnings Growth?

    MPLX’s (MPLX) EBITDA (earnings before interest, tax, depreciation, and amortization) grew 80% YoY (year-over-year) in 1Q18, boosted by drop-down assets from parent Marathon Petroleum (MPC). MPLX’s EBITDA grew 41% YoY in fiscal 2017.

  • While This 15%-Yielder's Q1 Results Looked Solid, What's Coming Down the Pipeline Isn't Clear
    Motley Foollast month

    While This 15%-Yielder's Q1 Results Looked Solid, What's Coming Down the Pipeline Isn't Clear

    Enbridge Energy Partners, L.P. is one of the MLPs deeply impacted by a recent policy change.

  • Higher Permian Volumes Drove Plains All American’s 1Q18 Results
    Market Realistlast month

    Higher Permian Volumes Drove Plains All American’s 1Q18 Results

    Plains All American Pipeline (PAA) reported its 1Q18 results on May 8 after the market closed. Plains All American reported 16% YoY (year-over-year) growth in its adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) for the quarter. The adjusted EBITDA excludes gains from derivative activities. Plains All American reported $285 million in gains from derivative activities in 1Q17.

  • A New Question Now Hovers Over MPLX's Earnings
    Motley Foollast month

    A New Question Now Hovers Over MPLX's Earnings

    Just when investors were going to get answers about its recent drop down from Marathon Petroleum, another acquisition has people wondering what the company's future will look like.