MPLX Financials: Revenue & Earnings
$59.42B
Market Cap
12.47
P/E
13.75
Forward P/E
49
Score
MPLX price $58.61 +0.50 +0.86%
Stocklytics score rationale: value 46, quality 50, growth 50.
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| 3010000000 | 3691000000 | 6652000000 | 8632000000 | 8398000000 | 9575000000 | 10541000000 | 10434000000 | 10904000000 | 11817000000 |
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…
MPLX fair value $68.33. Price $58.61. Price is 14% below fair value.
Below fair value, but more expensive than usual. A smaller discount than on 96% of days in the past 5 years.
Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.
Calculated with a 10-year free-cash-flow discount. Starting free cash flow 4.43B. Growth 6.83%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 8.70% (beta 0.8). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 1.01B. Net debt 24.02B. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the stock's own 10-year median P/E, kept between 8 and 40. Fewer than five years of history uses the sector's typical P/E. Fair value is the average of the cash-flow value and the earnings value when both exist. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.
| Date | EPS actual | EPS estimate | Revenue | Revenue estimate |
|---|---|---|---|---|
| 2026-11-03 | — | 1.13 | — | 3.35B |
| 2026-08-04 | 1.06 | 1.06 | 3.08B | 3.14B |
| 2026-05-05 | 0.90 | 1.05 | 2.81B | 3.09B |
| 2026-02-03 | 1.17 | 1.06 | 3.25B | 3.18B |
| 2025-11-04 | 1.52 | 1.07 | 3.62B | 3.16B |
| 2025-08-05 | 1.03 | 1.06 | 2.79B | 3.14B |
| 2025-05-06 | 1.10 | 1.10 | 2.89B | 3.16B |
| 2025-02-04 | 1.07 | 1.04 | 2.84B | 3.07B |
| 2024-11-05 | 1.01 | 1.05 | 2.78B | 3.09B |
| 2024-08-06 | 1.15 | 0.98 | 2.73B | 2.96B |
| 2024-04-30 | 0.98 | 0.98 | 2.60B | 2.89B |
| 2024-01-30 | 1.10 | 0.94 | 2.80B | 2.88B |
| 2023-10-31 | 0.89 | 0.94 | 2.91B | 2.73B |
| 2023-08-01 | 0.91 | 0.89 | 2.50B | 2.74B |
| 2023-05-02 | 0.91 | 0.83 | 2.55B | 2.61B |
| 2023-01-31 | 0.78 | 0.84 | 2.50B | 2.59B |
| 2022-11-01 | 1.36 | 0.81 | 2.74B | 2.83B |
| 2022-08-02 | 0.83 | 0.81 | 2.80B | 2.56B |
| 2022-05-03 | 0.78 | 0.77 | 2.50B | 2.42B |
| 2022-02-02 | 0.78 | 0.75 | 2.59B | 2.42B |
| 2021-11-02 | 0.74 | 0.72 | 2.44B | 2.36B |
| 2021-08-04 | 0.66 | 0.67 | 2.30B | 2.26B |
| 2021-05-04 | 0.68 | 0.63 | 2.20B | 2.13B |
| 2021-02-02 | 0.63 | 0.63 | 2.11B | 2.14B |
| 2020-11-02 | 0.63 | 0.58 | 2.10B | 2.00B |
| 2020-08-03 | 0.58 | 0.49 | 1.93B | 1.63B |
| 2020-05-05 | 0.61 | 0.56 | 2.11B | 454.68M |
| 2020-01-29 | 0.55 | 0.61 | 2.25B | 2.49B |
| 2019-10-31 | 0.61 | 0.61 | 2.15B | 2.15B |
| 2019-08-01 | 0.55 | 0.61 | 1.52B | 1.69B |
| 2019-05-08 | 0.61 | 0.59 | 1.55B | 1.50B |
| 2019-02-07 | 0.58 | 0.66 | 1.62B | 1.85B |
| 2018-11-01 | 0.62 | 0.58 | 1.62B | 1.51B |
| 2018-07-26 | 0.55 | 0.56 | 1.50B | 1.53B |
| 2018-04-30 | 0.61 | 0.44 | 1.33B | 960.79M |
| 2018-02-01 | 0.31 | 0.37 | 1.01B | 1.21B |
| 2017-10-26 | 0.29 | 0.27 | 933.00M | 868.66M |
| 2017-07-27 | 0.26 | 0.20 | 889.00M | 683.85M |
| 2017-04-27 | 0.19 | 0.23 | 856.00M | 1.04B |
| 2017-02-01 | 0.17 | 0.23 | 692.00M | 936.24M |
Yield 7.35%. Payout ratio 110.49%. Frequency Quarterly.
Safety score 51/100 · Watch. Payout ratio is 110% of earnings, above what earnings cover. Dividends use most of free cash flow. Dividends were paid in 14 separate years. Yield is 7.3%, which is on the high side.
| Ex-date | Dividend | Record | Payment | Frequency |
|---|---|---|---|---|
| 2026-08-07 | $1.08 | 2026-08-07 | 2026-08-14 | Quarterly |
| 2026-05-08 | $1.08 | 2026-05-08 | 2026-05-15 | Quarterly |
| 2026-02-09 | $1.08 | 2026-02-09 | 2026-02-17 | Quarterly |
| 2025-11-07 | $1.08 | 2025-11-07 | 2025-11-14 | Quarterly |
| 2025-08-08 | $0.96 | 2025-08-08 | 2025-08-15 | Quarterly |
| 2025-05-09 | $0.96 | 2025-05-09 | 2025-05-16 | Quarterly |
| 2025-02-03 | $0.96 | 2025-02-03 | 2025-02-14 | Quarterly |
| 2024-11-08 | $0.96 | 2024-11-08 | 2024-11-15 | Quarterly |
| 2024-08-09 | $0.85 | 2024-08-09 | 2024-08-16 | Quarterly |
| 2024-05-02 | $0.85 | 2024-05-03 | 2024-05-13 | Quarterly |
| 2024-02-02 | $0.85 | 2024-02-05 | 2024-02-14 | Quarterly |
| 2023-11-02 | $0.85 | 2023-11-03 | 2023-11-13 | Quarterly |
| 2023-08-03 | $0.78 | 2023-08-04 | 2023-08-14 | Quarterly |
| 2023-05-04 | $0.78 | 2023-05-05 | 2023-05-15 | Quarterly |
| 2023-02-03 | $0.78 | 2023-02-06 | 2023-02-14 | Quarterly |
| 2022-11-14 | $0.78 | 2022-11-15 | 2022-11-22 | Quarterly |
| 2022-08-04 | $0.70 | 2022-08-05 | 2022-08-12 | Quarterly |
| 2022-05-05 | $0.70 | 2022-05-06 | 2022-05-13 | Quarterly |
| 2022-02-03 | $0.70 | 2022-02-04 | 2022-02-14 | Semi-Annual |
| 2021-11-10 | $1.28 | 2021-11-12 | 2021-11-19 | Special |
| 2021-08-05 | $0.69 | 2021-08-06 | 2021-08-13 | Quarterly |
| 2021-05-06 | $0.69 | 2021-05-07 | 2021-05-14 | Quarterly |
| 2021-02-05 | $0.69 | 2021-02-08 | 2021-02-12 | Quarterly |
| 2020-11-05 | $0.69 | 2020-11-06 | 2020-11-13 | Quarterly |
| 2020-08-06 | $0.69 | 2020-08-07 | 2020-08-14 | Quarterly |
| 2020-05-07 | $0.69 | 2020-05-08 | 2020-05-15 | Quarterly |
| 2020-02-03 | $0.69 | 2020-02-04 | 2020-02-14 | Quarterly |
| 2019-11-01 | $0.68 | 2019-11-04 | 2019-11-14 | Quarterly |
| 2019-08-02 | $0.67 | 2019-08-05 | 2019-08-14 | Quarterly |
| 2019-05-08 | $0.66 | 2019-05-09 | 2019-05-15 | Quarterly |
| 2019-02-04 | $0.65 | 2019-02-05 | 2019-02-14 | Quarterly |
| 2018-11-02 | $0.64 | 2018-11-05 | 2018-11-14 | Quarterly |
| 2018-08-03 | $0.63 | 2018-08-06 | 2018-08-14 | Quarterly |
| 2018-05-04 | $0.62 | 2018-05-07 | 2018-05-15 | Quarterly |
| 2018-02-02 | $0.61 | 2018-02-05 | 2018-02-14 | Quarterly |
| 2017-11-03 | $0.59 | 2017-11-06 | 2017-11-14 | Quarterly |
| 2017-08-03 | $0.56 | 2017-08-07 | 2017-08-14 | Quarterly |
| 2017-05-04 | $0.54 | 2017-05-08 | 2017-05-15 | Quarterly |
| 2017-02-02 | $0.52 | 2017-02-06 | 2017-02-14 | Quarterly |
| 2016-11-02 | $0.52 | 2016-11-04 | 2016-11-14 | Quarterly |
| 2016-07-29 | $0.51 | 2016-08-02 | 2016-08-12 | Quarterly |
| 2016-04-29 | $0.51 | 2016-05-03 | 2016-05-13 | Quarterly |
| 2016-02-02 | $0.50 | 2016-02-04 | 2016-02-12 | Quarterly |
| 2015-10-30 | $0.47 | 2015-11-03 | 2015-11-13 | Quarterly |
| 2015-07-31 | $0.44 | 2015-08-04 | 2015-08-14 | Quarterly |
| 2015-05-01 | $0.41 | 2015-05-05 | 2015-05-15 | Quarterly |
| 2015-01-30 | $0.38 | 2015-02-03 | 2015-02-13 | Quarterly |
| 2014-10-31 | $0.36 | 2014-11-04 | 2014-11-14 | Quarterly |
| 2014-07-31 | $0.34 | 2014-08-04 | 2014-08-14 | Quarterly |
| 2014-05-01 | $0.33 | 2014-05-05 | 2014-05-15 | Quarterly |
| 2014-01-31 | $0.31 | 2014-02-04 | 2014-02-14 | Quarterly |
| 2013-10-31 | $0.30 | 2013-11-04 | 2013-11-14 | Quarterly |
| 2013-07-31 | $0.28 | 2013-08-02 | 2013-08-14 | Quarterly |
| 2013-05-08 | $0.27 | 2013-05-10 | 2013-05-17 | Quarterly |
| 2013-01-31 | $0.18 | 2013-02-04 | 2013-02-14 | Quarterly |
| Date | Insider | Action | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-08-14 | Peiffer Garry L. | Buy | 1.23K | — | — |
| 2026-08-14 | Walker Ray N JR | Buy | 82 | — | — |
| 2026-08-14 | SURMA JOHN P | Buy | 1.56K | — | — |
| 2026-08-14 | STICE J MICHAEL | Buy | 983 | — | — |
| 2026-08-14 | SEMPLE FRANK M | Buy | 1.07K | — | — |
| 2026-08-14 | HELMS CHRISTOPHER A | Buy | 1.34K | — | — |
| 2026-08-14 | Breves Christine S | Buy | 219 | — | — |
| 2026-05-15 | Walker Ray N JR | Buy | 78 | — | — |
| 2026-05-15 | SURMA JOHN P | Buy | 1.66K | — | — |
| 2026-05-15 | STICE J MICHAEL | Buy | 1.10K | — | — |
| 2026-05-15 | SEMPLE FRANK M | Buy | 1.19K | — | — |
| 2026-05-15 | Peiffer Garry L. | Buy | 1.30K | — | — |
| 2026-05-15 | HELMS CHRISTOPHER A | Buy | 1.42K | — | — |
| 2026-05-15 | Breves Christine S | Buy | 277 | — | — |
| 2026-04-30 | Walker Ray N JR | Buy | 2.70K | — | — |
| 2026-04-30 | SURMA JOHN P | Buy | 3.03K | — | — |
| 2026-04-30 | STICE J MICHAEL | Buy | 3.03K | — | — |
| 2026-04-30 | SEMPLE FRANK M | Buy | 3.03K | — | — |
| 2026-04-30 | Peiffer Garry L. | Buy | 2.70K | — | — |
| 2026-04-30 | HELMS CHRISTOPHER A | Buy | 2.70K | — | — |
| 2026-04-30 | Breves Christine S | Buy | 2.70K | — | — |
| 2026-04-30 | Walker Ray N JR | Buy | 2.25K | — | — |
| 2026-04-30 | SURMA JOHN P | Buy | 2.58K | — | — |
| 2026-04-30 | STICE J MICHAEL | Buy | 2.58K | — | — |
| 2026-04-30 | SEMPLE FRANK M | Buy | 2.58K | — | — |
| 2026-04-30 | Peiffer Garry L. | Buy | 2.25K | — | — |
| 2026-04-30 | HELMS CHRISTOPHER A | Buy | 2.25K | — | — |
| 2026-04-30 | Breves Christine S | Buy | 2.25K | — | — |
| 2026-04-01 | Brzezinski Erin M | Other | 0 | — | — |
| 2026-03-02 | Mannen Maryann T. | Sell | 3.41K | $59.22 | 201.76K |
| 2026-03-02 | Mannen Maryann T. | Sell | 3.40K | $59.22 | 201.58K |
| 2026-03-02 | Mannen Maryann T. | Sell | 6.41K | $59.22 | 379.54K |
| 2026-03-02 | Lyon Shawn M | Sell | 920 | $59.22 | 54.48K |
| 2026-03-02 | Lyon Shawn M | Sell | 1.03K | $59.22 | 61.17K |
| 2026-03-02 | Lyon Shawn M | Sell | 798 | $59.22 | 47.26K |
| 2026-03-02 | HAGEDORN CARL KRISTOPHER | Sell | 422 | $59.22 | 24.99K |
| 2026-03-02 | HAGEDORN CARL KRISTOPHER | Sell | 916 | $59.22 | 54.25K |
| 2026-03-02 | HAGEDORN CARL KRISTOPHER | Sell | 663 | $59.22 | 39.26K |
| 2026-03-02 | Floerke Gregory Scott | Sell | 995 | $59.22 | 58.92K |
| 2026-03-02 | Floerke Gregory Scott | Sell | 1.10K | $59.22 | 65.14K |
| 2026-03-02 | Floerke Gregory Scott | Sell | 797 | $59.22 | 47.20K |
| 2026-03-02 | Benson Molly R | Sell | 614 | $59.22 | 36.36K |
| 2026-03-02 | Benson Molly R | Sell | 1.24K | $59.22 | 73.43K |
| 2026-03-02 | Benson Molly R | Sell | 998 | $59.22 | 59.10K |
| 2026-03-01 | Mannen Maryann T. | Buy | 52.82K | — | — |
| 2026-03-01 | Lyon Shawn M | Buy | 5.99K | — | — |
| 2026-03-01 | Khoury Maria A | Buy | 8.45K | — | — |
| 2026-03-01 | HAGEDORN CARL KRISTOPHER | Buy | 4.93K | — | — |
| 2026-03-01 | Floerke Gregory Scott | Buy | 5.99K | — | — |
| 2026-03-01 | Benson Molly R | Buy | 8.80K | — | — |
| 2026-02-17 | Walker Ray N JR | Buy | 32 | — | — |
| 2026-02-17 | SURMA JOHN P | Buy | 1.51K | — | — |
| 2026-02-17 | STICE J MICHAEL | Buy | 982 | — | — |
| 2026-02-17 | SEMPLE FRANK M | Buy | 1.07K | — | — |
| 2026-02-17 | Peiffer Garry L. | Buy | 1.18K | — | — |
| 2026-02-17 | HELMS CHRISTOPHER A | Buy | 1.29K | — | — |
| 2026-02-17 | Breves Christine S | Buy | 218 | — | — |
| 2026-01-19 | Khoury Maria A | Other | 0 | — | — |
| 2025-12-12 | Lyon Shawn M | Sell | 245 | $54.85 | 13.44K |
| 2025-12-12 | Hennigan Michael J | Sell | 1.33K | $54.85 | 73.22K |
| 2025-12-12 | Floerke Gregory Scott | Sell | 242 | $54.85 | 13.27K |
| 2025-12-12 | Benson Molly R | Sell | 306 | $54.85 | 16.78K |
| 2025-11-14 | Walker Ray N JR | Buy | 34 | — | — |
| 2025-11-14 | SURMA JOHN P | Buy | 1.59K | — | — |
| 2025-11-14 | STICE J MICHAEL | Buy | 1.04K | — | — |
| 2025-11-14 | SEMPLE FRANK M | Buy | 1.13K | — | — |
| 2025-11-14 | Peiffer Garry L. | Buy | 1.25K | — | — |
| 2025-11-14 | HELMS CHRISTOPHER A | Buy | 1.36K | — | — |
| 2025-11-14 | Breves Christine S | Buy | 230 | — | — |
| 2025-08-25 | Walker Ray N JR | Buy | 1.68K | — | — |
| 2025-08-25 | Walker Ray N JR | Other | 0 | — | — |
| 2025-08-15 | SURMA JOHN P | Buy | 1.48K | — | — |
| 2025-08-15 | STICE J MICHAEL | Buy | 962 | — | — |
| 2025-08-15 | SEMPLE FRANK M | Buy | 1.05K | — | — |
| 2025-08-15 | Peiffer Garry L. | Buy | 1.16K | — | — |
| 2025-08-15 | HELMS CHRISTOPHER A | Buy | 1.26K | — | — |
| 2025-08-15 | Breves Christine S | Buy | 214 | — | — |
| 2025-05-16 | SURMA JOHN P | Buy | 1.39K | — | — |
| 2025-05-16 | STICE J MICHAEL | Buy | 907 | — | — |
| 2025-05-16 | SEMPLE FRANK M | Buy | 990 | — | — |
| 2025-05-16 | Peiffer Garry L. | Buy | 1.09K | — | — |
| 2025-05-16 | HELMS CHRISTOPHER A | Buy | 1.19K | — | — |
| 2025-05-16 | Breves Christine S | Buy | 201 | — | — |
| 2025-05-01 | SURMA JOHN P | Buy | 2.85K | — | — |
| 2025-05-01 | STICE J MICHAEL | Buy | 2.85K | — | — |
| 2025-05-01 | SEMPLE FRANK M | Buy | 2.85K | — | — |
| 2025-05-01 | Peiffer Garry L. | Buy | 2.48K | — | — |
| 2025-05-01 | HELMS CHRISTOPHER A | Buy | 2.48K | — | — |
| 2025-05-01 | Breves Christine S | Buy | 2.48K | — | — |
| 2025-04-01 | SURMA JOHN P | Buy | 220 | — | — |
| 2025-04-01 | SEMPLE FRANK M | Buy | 220 | — | — |
| 2025-04-01 | STICE J MICHAEL | Buy | 220 | — | — |
| 2025-04-01 | Peiffer Garry L. | Buy | 192 | — | — |
| 2025-04-01 | HELMS CHRISTOPHER A | Buy | 192 | — | — |
| 2025-04-01 | Breves Christine S | Buy | 192 | — | — |
| 2025-03-07 | Lyon Shawn M | Buy | 4.00K | $52.75 | 211.00K |
| 2025-03-03 | Quaid John J | Sell | 1.27K | $54.34 | 68.85K |
| 2025-03-03 | Quaid John J | Sell | 1.28K | $54.34 | 69.56K |
| 2025-03-03 | Quaid John J | Sell | 2.38K | $54.34 | 129.27K |
| 2025-03-03 | Mannen Maryann T. | Sell | 3.29K | $54.34 | 178.78K |
Latest filed quarter: Q2 2026.
Institutions holding: 651, holders -7 vs prior quarter. Ownership 19.34%.
| Holder | Shares | Change | Change % | Value |
|---|---|---|---|---|
| ALPS ADVISORS INC | 28.60M | 1.53M | +5.65% | 1.61B |
| INVESCO LTD. | 18.27M | 6.84K | +0.04% | 1.03B |
| BLACKSTONE INC. | 12.96M | -2.39M | -15.59% | 729.86M |
| GOLDMAN SACHS GROUP INC | 11.33M | -1.18M | -9.42% | 638.18M |
| TORTOISE CAPITAL ADVISORS, L.L.C. | 10.50M | -2.76M | -20.81% | 591.49M |
| MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. | 8.01M | 692.33K | +9.46% | 451.29M |
| KAYNE ANDERSON CAPITAL ADVISORS LP | 5.86M | -963.64K | -14.12% | 330.26M |
| ENERGY INCOME PARTNERS, LLC | 5.38M | 222.82K | +4.32% | 303.07M |
| MORGAN STANLEY | 5.28M | 311.63K | +6.28% | 297.19M |
| UBS GROUP AG | 5.26M | 25.76K | +0.49% | 296.25M |
| CHICKASAW CAPITAL MANAGEMENT LLC | 5.21M | -10.95K | -0.21% | 293.58M |
| FMR LLC | 3.92M | 560.02K | +16.66% | 220.86M |
| JPMORGAN CHASE & CO | 3.43M | -705.31K | -17.06% | 192.74M |
| BRAVE WARRIOR ADVISORS, LLC | 3.18M | -72.99K | -2.24% | 179.16M |
| CIBC BANCORP USA INC. | 2.99M | 346.00K | +13.10% | 168.32M |
| BANK OF MONTREAL /CAN/ | 2.55M | -1.48M | -36.70% | 143.62M |
| CLEARBRIDGE INVESTMENTS, LLC | 2.34M | 0 | 0.00% | 132.02M |
| MILLER HOWARD INVESTMENTS INC /NY | 2.33M | 86.11K | +3.84% | 131.01M |
| WESTWOOD HOLDINGS GROUP INC | 2.11M | -123.01K | -5.50% | 119.07M |
| BANK OF AMERICA CORP /DE/ | 2.07M | -502.82K | -19.54% | 116.63M |
| EAGLE GLOBAL ADVISORS LLC | 1.79M | -11.53K | -0.64% | 101.05M |
| FRACTAL INVESTMENTS LLC | 1.67M | -383.19K | -18.68% | 93.96M |
| ROYAL BANK OF CANADA | 1.64M | 483.64K | +41.99% | 92.13M |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO | 1.62M | -50.00K | -3.00% | 91.17M |
| ALPHACORE CAPITAL LLC | 1.62M | 77 | +0.00% | 91.01M |
MPLX Lp (MPLX) trades at $58.61, with a market cap of $59.42B and a trailing P/E of 12.47. Revenue below is the annual history on file. It describes what the business has already reported. It is not a forecast and it is not a recommendation.
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| 3010000000 | 3691000000 | 6652000000 | 8632000000 | 8398000000 | 9575000000 | 10541000000 | 10434000000 | 10904000000 | 11817000000 |
Insights · Dividends · Forecast · Financials · Learn
$59.42B
Market Cap
12.47
P/E
13.75
Forward P/E
49
Score