MPLX LP
MPLX LP is a US-listed master limited partnership that owns and operates midstream energy infrastructure — including crude and refined-product pipelines, storage terminals and natural‑gas gathering and processing assets. It earns revenue from a mix of fee-based transportation and storage contracts and commodity-related activities; that blend can offer relatively steady cash flows but does not eliminate sensitivity to energy production, throughput volumes and commodity prices. MPLX has historically prioritised distributions to unitholders and growth through organic projects and acquisitions, but leverage, capital expenditure cycles and regulatory developments can influence cash flow and payout sustainability. With a market capitalisation around $50.6 billion, investors should monitor volumes, contract terms, project execution and balance‑sheet metrics. This is educational information only, not personal financial advice — values can fall as well as rise and past performance is not a guide to the future. Consider whether this type of asset is suitable for your circumstances and consult a licensed adviser for personalised guidance.
Why It's Moving
MPLX Nears Ex-Dividend Date as Energy Midstream Momentum Builds
- Ex-dividend set for February 9 rewards shareholders of record with $1.0765 per unit payable February 17, highlighting MPLX's elevated 7.7% annualized yield.
- Units hit a 52-week high of $57.15 earlier this month on strong volume, signaling sustained demand for its logistics and processing assets.
- Recent price action to $56.83 as of February 13 shows outperformance versus the market, bolstered by prior quarter's earnings beat and moderate buy analyst consensus.
MPLX Nears Ex-Dividend Date as Energy Midstream Momentum Builds
- Ex-dividend set for February 9 rewards shareholders of record with $1.0765 per unit payable February 17, highlighting MPLX's elevated 7.7% annualized yield.
- Units hit a 52-week high of $57.15 earlier this month on strong volume, signaling sustained demand for its logistics and processing assets.
- Recent price action to $56.83 as of February 13 shows outperformance versus the market, bolstered by prior quarter's earnings beat and moderate buy analyst consensus.
When is the next earnings date for MPLX LP (MPLX)?
MPLX's next earnings date is expected on May 5, 2026. This release will cover the first quarter of 2026 (Q1 2026) results, following the company's typical quarterly reporting cadence after the prior Q4 and full-year 2025 report on February 3, 2026. Analyst estimates project Q1 EPS around $1.01, with the date confirmed across multiple sources in early May.
Stock Performance Snapshot
Analyst Rating
Analysts recommend buying MPLX's stock with a target price of $57.46, indicating growth potential.
Financial Health
MPLX LP is performing well with strong revenue, profits, and cash flow generation.
Dividend
MPLX LP's high dividend yield of 7.19% makes it very appealing for dividend-seeking investors. If you invested $1000 you would be paid $71.90 a year in dividends (based on the last 12 months).
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Baskets Featuring MPLX
Venezuelan Oil's Return to U.S. Refiners
Chevron has resumed shipping crude oil from Venezuela to the U.S., marking a significant policy shift and restoring a key supply chain. This creates a potential investment opportunity in U.S. refiners and energy logistics companies that are set to benefit from the influx of desirable heavy crude.
Published: August 17, 2025
Explore BasketOPEC+ Opens The Taps: Midstream's Moment
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Published: July 25, 2025
Explore BasketWhy You’ll Want to Watch This Stock
Steady cash flows
Fee‑based contracts and long-term agreements can support regular distributions, though cash flows may vary with volumes and capital spending.
Commodity sensitivity
Earnings are affected by throughput and energy prices; market cycles and production trends can influence results and distribution sustainability.
Infrastructure scale
A broad asset network can offer growth opportunities through projects and acquisitions, but expansion is capital‑intensive and faces regulatory oversight.
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