MPLX LP (MPLX) Stock Fundamental Analysis

NYSE:MPLX • US55336V1008

56.12 USD
+0.42 (+0.75%)
Last: Feb 12, 2026, 02:49 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to MPLX. MPLX was compared to 206 industry peers in the Oil, Gas & Consumable Fuels industry. MPLX has an excellent profitability rating, but there are concerns on its financial health. MPLX is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • MPLX had positive earnings in the past year.
  • In the past year MPLX had a positive cash flow from operations.
  • Of the past 5 years MPLX 4 years were profitable.
  • Of the past 5 years MPLX 4 years had a positive operating cash flow.
MPLX Yearly Net Income VS EBIT VS OCF VS FCFMPLX Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B 4B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 11.12%, MPLX belongs to the top of the industry, outperforming 92.72% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 33.64%, MPLX belongs to the top of the industry, outperforming 92.72% of the companies in the same industry.
  • The Return On Invested Capital of MPLX (11.54%) is better than 87.86% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for MPLX is significantly below the industry average of 21.97%.
Industry RankSector Rank
ROA 11.12%
ROE 33.64%
ROIC 11.54%
ROA(3y)10.86%
ROA(5y)7.71%
ROE(3y)31.09%
ROE(5y)22.31%
ROIC(3y)11.77%
ROIC(5y)10.15%
MPLX Yearly ROA, ROE, ROICMPLX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20 30

1.3 Margins

  • MPLX has a Profit Margin of 37.54%. This is amongst the best in the industry. MPLX outperforms 92.23% of its industry peers.
  • In the last couple of years the Profit Margin of MPLX has grown nicely.
  • Looking at the Operating Margin, with a value of 45.30%, MPLX belongs to the top of the industry, outperforming 90.78% of the companies in the same industry.
  • In the last couple of years the Operating Margin of MPLX has grown nicely.
  • The Gross Margin of MPLX (60.15%) is better than 69.42% of its industry peers.
  • In the last couple of years the Gross Margin of MPLX has remained more or less at the same level.
Industry RankSector Rank
OM 45.3%
PM (TTM) 37.54%
GM 60.15%
OM growth 3Y3.27%
OM growth 5Y2.2%
PM growth 3Y7%
PM growth 5Y28.24%
GM growth 3Y1.12%
GM growth 5Y0.25%
MPLX Yearly Profit, Operating, Gross MarginsMPLX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. Health

2.1 Basic Checks

  • MPLX has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • MPLX has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
MPLX Yearly Shares OutstandingMPLX Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B
MPLX Yearly Total Debt VS Total AssetsMPLX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B 40B

2.2 Solvency

  • The Debt to FCF ratio of MPLX is 5.47, which is a neutral value as it means it would take MPLX, 5.47 years of fcf income to pay off all of its debts.
  • MPLX's Debt to FCF ratio of 5.47 is fine compared to the rest of the industry. MPLX outperforms 64.08% of its industry peers.
  • MPLX has a Debt/Equity ratio of 1.69. This is a high value indicating a heavy dependency on external financing.
  • MPLX has a worse Debt to Equity ratio (1.69) than 75.24% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.69
Debt/FCF 5.47
Altman-Z N/A
ROIC/WACC1.57
WACC7.35%
MPLX Yearly LT Debt VS Equity VS FCFMPLX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B

2.3 Liquidity

  • A Current Ratio of 1.31 indicates that MPLX should not have too much problems paying its short term obligations.
  • MPLX has a Current ratio (1.31) which is comparable to the rest of the industry.
  • A Quick Ratio of 1.26 indicates that MPLX should not have too much problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 1.26, MPLX is in the better half of the industry, outperforming 63.11% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.31
Quick Ratio 1.26
MPLX Yearly Current Assets VS Current LiabilitesMPLX Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an nice 14.49% over the past year.
  • The Earnings Per Share has been growing by 14.97% on average over the past years. This is quite good.
EPS 1Y (TTM)14.49%
EPS 3Y8.73%
EPS 5Y14.97%
EPS Q2Q%9.35%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%6.17%

3.2 Future

  • Based on estimates for the next years, MPLX will show a small growth in Earnings Per Share. The EPS will grow by 4.43% on average per year.
  • The Revenue is expected to grow by 3.73% on average over the next years.
EPS Next Y-4.05%
EPS Next 2Y2.3%
EPS Next 3Y4.46%
EPS Next 5Y4.43%
Revenue Next Year4.43%
Revenue Next 2Y4.87%
Revenue Next 3Y3.23%
Revenue Next 5Y3.73%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
MPLX Yearly Revenue VS EstimatesMPLX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 5B 10B 15B
MPLX Yearly EPS VS EstimatesMPLX Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 0 2 4 6

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Find the best growth stocksShow best growing peers

5

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 11.64, the valuation of MPLX can be described as reasonable.
  • MPLX's Price/Earnings ratio is a bit cheaper when compared to the industry. MPLX is cheaper than 79.13% of the companies in the same industry.
  • MPLX's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.18.
  • The Price/Forward Earnings ratio is 12.13, which indicates a correct valuation of MPLX.
  • Based on the Price/Forward Earnings ratio, MPLX is valued a bit cheaper than the industry average as 74.76% of the companies are valued more expensively.
  • MPLX's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.01.
Industry RankSector Rank
PE 11.64
Fwd PE 12.13
MPLX Price Earnings VS Forward Price EarningsMPLX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • MPLX's Enterprise Value to EBITDA ratio is in line with the industry average.
  • Based on the Price/Free Cash Flow ratio, MPLX is valued a bit cheaper than 74.27% of the companies in the same industry.
Industry RankSector Rank
P/FCF 12.18
EV/EBITDA 11.31
MPLX Per share dataMPLX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10

4.3 Compensation for Growth

  • MPLX has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.78
EPS Next 2Y2.3%
EPS Next 3Y4.46%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. Dividend

5.1 Amount

  • MPLX has a Yearly Dividend Yield of 7.78%, which is a nice return.
  • MPLX's Dividend Yield is rather good when compared to the industry average which is at 3.63. MPLX pays more dividend than 83.98% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.80, MPLX pays a better dividend.
Industry RankSector Rank
Dividend Yield 7.78%

5.2 History

  • The dividend of MPLX has a limited annual growth rate of 5.42%.
  • MPLX has been paying a dividend for at least 10 years, so it has a reliable track record.
  • MPLX has decreased its dividend in the last 3 years.
Dividend Growth(5Y)5.42%
Div Incr Years2
Div Non Decr Years2
MPLX Yearly Dividends per shareMPLX Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3 4

5.3 Sustainability

  • 81.29% of the earnings are spent on dividend by MPLX. This is not a sustainable payout ratio.
  • The dividend of MPLX is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP81.29%
EPS Next 2Y2.3%
EPS Next 3Y4.46%
MPLX Yearly Income VS Free CF VS DividendMPLX Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B 4B
MPLX Dividend Payout.MPLX Dividend Payout, showing the Payout Ratio.MPLX Dividend Payout.PayoutRetained Earnings

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Find the best dividend stocksShow peers with best dividend

MPLX LP

NYSE:MPLX (2/12/2026, 2:49:10 PM)

56.12

+0.42 (+0.75%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-03
Earnings (Next)05-04
Inst Owners20.94%
Inst Owner Change0.21%
Ins Owners0.12%
Ins Owner Change0.4%
Market Cap57.08B
Revenue(TTM)N/A
Net Income(TTM)4.81B
Analysts75
Price Target58.92 (4.99%)
Short Float %1.99%
Short Ratio5.09
Dividend
Industry RankSector Rank
Dividend Yield 7.78%
Yearly Dividend3.57
Dividend Growth(5Y)5.42%
DP81.29%
Div Incr Years2
Div Non Decr Years2
Ex-Date02-09
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)16.26%
Min EPS beat(2)-5.39%
Max EPS beat(2)37.9%
EPS beat(4)2
Avg EPS beat(4)7.97%
Min EPS beat(4)-5.39%
Max EPS beat(4)37.9%
EPS beat(8)4
Avg EPS beat(8)6.82%
EPS beat(12)6
Avg EPS beat(12)3.87%
EPS beat(16)9
Avg EPS beat(16)6.83%
Revenue beat(2)1
Avg Revenue beat(2)2.98%
Min Revenue beat(2)-6.21%
Max Revenue beat(2)12.18%
Revenue beat(4)1
Avg Revenue beat(4)0.32%
Min Revenue beat(4)-6.21%
Max Revenue beat(4)12.18%
Revenue beat(8)2
Avg Revenue beat(8)-1.93%
Revenue beat(12)4
Avg Revenue beat(12)-1.36%
Revenue beat(16)8
Avg Revenue beat(16)0.79%
PT rev (1m)0.84%
PT rev (3m)1.47%
EPS NQ rev (1m)-2.48%
EPS NQ rev (3m)-4.92%
EPS NY rev (1m)0.35%
EPS NY rev (3m)7.68%
Revenue NQ rev (1m)-1.64%
Revenue NQ rev (3m)-2.41%
Revenue NY rev (1m)-0.24%
Revenue NY rev (3m)2.74%
Valuation
Industry RankSector Rank
PE 11.64
Fwd PE 12.13
P/S 4.46
P/FCF 12.18
P/OCF 9.38
P/B 3.99
P/tB 13.85
EV/EBITDA 11.31
EPS(TTM)4.82
EY8.59%
EPS(NY)4.62
Fwd EY8.24%
FCF(TTM)4.61
FCFY8.21%
OCF(TTM)5.99
OCFY10.67%
SpS12.59
BVpS14.06
TBVpS4.05
PEG (NY)N/A
PEG (5Y)0.78
Graham Number39.04
Profitability
Industry RankSector Rank
ROA 11.12%
ROE 33.64%
ROCE 14.61%
ROIC 11.54%
ROICexc 12.08%
ROICexgc 16.5%
OM 45.3%
PM (TTM) 37.54%
GM 60.15%
FCFM 36.58%
ROA(3y)10.86%
ROA(5y)7.71%
ROE(3y)31.09%
ROE(5y)22.31%
ROIC(3y)11.77%
ROIC(5y)10.15%
ROICexc(3y)12.11%
ROICexc(5y)10.36%
ROICexgc(3y)16.17%
ROICexgc(5y)13.88%
ROCE(3y)14.9%
ROCE(5y)12.85%
ROICexgc growth 3Y8.04%
ROICexgc growth 5Y10.46%
ROICexc growth 3Y8.76%
ROICexc growth 5Y11.46%
OM growth 3Y3.27%
OM growth 5Y2.2%
PM growth 3Y7%
PM growth 5Y28.24%
GM growth 3Y1.12%
GM growth 5Y0.25%
F-Score6
Asset Turnover0.3
Health
Industry RankSector Rank
Debt/Equity 1.69
Debt/FCF 5.47
Debt/EBITDA 3.39
Cap/Depr 106.21%
Cap/Sales 10.95%
Interest Coverage 6.3
Cash Conversion 85.47%
Profit Quality 97.44%
Current Ratio 1.31
Quick Ratio 1.26
Altman-Z N/A
F-Score6
WACC7.35%
ROIC/WACC1.57
Cap/Depr(3y)75.03%
Cap/Depr(5y)70.42%
Cap/Sales(3y)8.03%
Cap/Sales(5y)9%
Profit Quality(3y)113.71%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)14.49%
EPS 3Y8.73%
EPS 5Y14.97%
EPS Q2Q%9.35%
EPS Next Y-4.05%
EPS Next 2Y2.3%
EPS Next 3Y4.46%
EPS Next 5Y4.43%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%6.17%
Revenue Next Year4.43%
Revenue Next 2Y4.87%
Revenue Next 3Y3.23%
Revenue Next 5Y3.73%
EBIT growth 1Y10.05%
EBIT growth 3Y9.44%
EBIT growth 5Y8.04%
EBIT Next Year33.14%
EBIT Next 3Y14.73%
EBIT Next 5Y10.38%
FCF growth 1Y7.9%
FCF growth 3Y3.72%
FCF growth 5Y23.91%
OCF growth 1Y15.39%
OCF growth 3Y6.58%
OCF growth 5Y7.81%

MPLX LP / MPLX FAQ

Can you provide the ChartMill fundamental rating for MPLX LP?

ChartMill assigns a fundamental rating of 5 / 10 to MPLX.


Can you provide the valuation status for MPLX LP?

ChartMill assigns a valuation rating of 5 / 10 to MPLX LP (MPLX). This can be considered as Fairly Valued.


Can you provide the profitability details for MPLX LP?

MPLX LP (MPLX) has a profitability rating of 7 / 10.


What is the valuation of MPLX LP based on its PE and PB ratios?

The Price/Earnings (PE) ratio for MPLX LP (MPLX) is 11.64 and the Price/Book (PB) ratio is 3.99.


Can you provide the dividend sustainability for MPLX stock?

The dividend rating of MPLX LP (MPLX) is 6 / 10 and the dividend payout ratio is 81.29%.