MPLX LP (MPLX) Stock Fundamental Analysis

NYSE:MPLX • US55336V1008

58.94 USD
+0.28 (+0.48%)
At close: Feb 27, 2026
58.7956 USD
-0.14 (-0.24%)
After Hours: 2/27/2026, 8:20:54 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

Taking everything into account, MPLX scores 5 out of 10 in our fundamental rating. MPLX was compared to 207 industry peers in the Oil, Gas & Consumable Fuels industry. MPLX scores excellent on profitability, but there are concerns on its financial health. MPLX has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • In the past year MPLX was profitable.
  • In the past year MPLX had a positive cash flow from operations.
  • MPLX had positive earnings in 4 of the past 5 years.
  • 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

  • MPLX's Return On Assets of 11.12% is amongst the best of the industry. MPLX outperforms 91.79% of its industry peers.
  • MPLX has a better Return On Equity (33.64%) than 93.72% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 11.54%, MPLX belongs to the top of the industry, outperforming 88.41% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for MPLX is significantly below the industry average of 22.17%.
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's Profit Margin of 37.54% is amongst the best of the industry. MPLX outperforms 92.75% of its industry peers.
  • MPLX's Profit Margin has improved in the last couple of years.
  • Looking at the Operating Margin, with a value of 45.30%, MPLX belongs to the top of the industry, outperforming 90.34% of the companies in the same industry.
  • In the last couple of years the Operating Margin of MPLX has grown nicely.
  • Looking at the Gross Margin, with a value of 60.15%, MPLX is in the better half of the industry, outperforming 69.57% of the companies in the same industry.
  • 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

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so MPLX is still creating some value.
  • There is no outstanding debt for MPLX. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and 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

  • MPLX has a debt to FCF ratio of 5.47. This is a neutral value as MPLX would need 5.47 years to pay back of all of its debts.
  • With a decent Debt to FCF ratio value of 5.47, MPLX is doing good in the industry, outperforming 63.28% of the companies in the same industry.
  • A Debt/Equity ratio of 1.69 is on the high side and indicates that MPLX has dependencies on debt financing.
  • MPLX's Debt to Equity ratio of 1.69 is on the low side compared to the rest of the industry. MPLX is outperformed by 75.85% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.69
Debt/FCF 5.47
Altman-Z N/A
ROIC/WACC1.59
WACC7.27%
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.
  • With a Current ratio value of 1.31, MPLX perfoms like the industry average, outperforming 57.97% of the companies in the same 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 63.77% 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 Year3.45%
Revenue Next 2Y4.55%
Revenue Next 3Y4.35%
Revenue Next 5Y3.73%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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 12.23, the valuation of MPLX can be described as correct.
  • MPLX's Price/Earnings ratio is a bit cheaper when compared to the industry. MPLX is cheaper than 75.36% 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 27.07.
  • With a Price/Forward Earnings ratio of 12.74, MPLX is valued correctly.
  • Based on the Price/Forward Earnings ratio, MPLX is valued a bit cheaper than the industry average as 71.01% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 28.05, MPLX is valued rather cheaply.
Industry RankSector Rank
PE 12.23
Fwd PE 12.74
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 is on the same level as the industry average.
  • Based on the Price/Free Cash Flow ratio, MPLX is valued a bit cheaper than 75.36% of the companies in the same industry.
Industry RankSector Rank
P/FCF 12.79
EV/EBITDA 11.77
MPLX Per share dataMPLX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10

4.3 Compensation for Growth

  • The decent profitability rating of MPLX may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.82
EPS Next 2Y2.3%
EPS Next 3Y4.46%

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

6

5. Dividend

5.1 Amount

  • MPLX has a Yearly Dividend Yield of 7.34%, which is a nice return.
  • Compared to an average industry Dividend Yield of 3.47, MPLX pays a better dividend. On top of this MPLX pays more dividend than 85.02% of the companies listed in the same industry.
  • MPLX's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 7.34%

5.2 History

  • The dividend of MPLX has a limited annual growth rate of 5.42%.
  • MPLX has paid a dividend for at least 10 years, which is a reliable track record.
  • The dividend of MPLX decreased 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

  • MPLX pays out 81.29% of its income as dividend. 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 (2/27/2026, 8:20:54 PM)

After market: 58.7956 -0.14 (-0.24%)

58.94

+0.28 (+0.48%)

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 Change-14.41%
Ins Owners0.12%
Ins Owner Change0.35%
Market Cap59.95B
Revenue(TTM)N/A
Net Income(TTM)4.81B
Analysts75
Price Target58.54 (-0.68%)
Short Float %1.99%
Short Ratio4.39
Dividend
Industry RankSector Rank
Dividend Yield 7.34%
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)0.06%
PT rev (3m)0.94%
EPS NQ rev (1m)-0.38%
EPS NQ rev (3m)-1.37%
EPS NY rev (1m)-0.2%
EPS NY rev (3m)7.61%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.64%
Revenue NY rev (1m)-0.02%
Revenue NY rev (3m)2.65%
Valuation
Industry RankSector Rank
PE 12.23
Fwd PE 12.74
P/S 4.68
P/FCF 12.79
P/OCF 9.85
P/B 4.19
P/tB 14.55
EV/EBITDA 11.77
EPS(TTM)4.82
EY8.18%
EPS(NY)4.62
Fwd EY7.85%
FCF(TTM)4.61
FCFY7.82%
OCF(TTM)5.99
OCFY10.16%
SpS12.59
BVpS14.06
TBVpS4.05
PEG (NY)N/A
PEG (5Y)0.82
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
WACC7.27%
ROIC/WACC1.59
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 Year3.45%
Revenue Next 2Y4.55%
Revenue Next 3Y4.35%
Revenue Next 5Y3.73%
EBIT growth 1Y10.05%
EBIT growth 3Y9.44%
EBIT growth 5Y8.04%
EBIT Next Year33.03%
EBIT Next 3Y14.78%
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 12.23 and the Price/Book (PB) ratio is 4.19.


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%.