MPLX LP(MPLX)

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EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL RECENCY
3-STAR RATING
SELL
SELL for 1 day
PROFIT SINCE LAST BUY
-5.03% ▼
LAST CLOSE
$55.91
11/06/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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  • 1Y
  • 1M
  • 1W
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
  • Loss
  • PASS (Skip)
Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Upturn Advisory & Investor View for MPLX

11/06/2026: MPLX (3-star) is a SELL. SELL for 1 day. Simulated Profits (-5.03%). Updated daily EoD!

MPLX LP is a major midstream energy partnership providing essential pipeline, storage, and processing services for crude oil and natural gas. The company's primary strength is its stable, fee-based business model, which is bolstered by its deep integration with its sponsor, Marathon Petroleum Corporation. Its main investment story centers on consistent cash flow generation and reliable dividend distributions. Key risks include heavy reliance on its sponsor, potential regulatory obstacles, and the long-term industry transition away from fossil fuels. This stock is best suited for income-oriented dividend investors, and they should monitor future capital expenditure plans and changes in energy production volumes.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitMPLX is a stable cash-flow generator rather than a high-growth disruptor.
Momentum investorWeak fitThe stock typically moves with energy sector cycles rather than pure technical momentum.
Value investorStrong fitThe company often trades at valuations that favor income-seeking value investors.
Dividend investorStrong fitMPLX offers a reliable, significant distribution yield suitable for income portfolios.
Low-risk investorMixed fitWhile yields are stable, the stock is subject to broader energy market and regulatory volatility.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityMediumWhile fee-based, the stock price remains correlated with broader energy sector sentiment.
Valuation riskLowThe company typically trades in line with sector multiples, limiting extreme valuation swings.
Competition risk (Infrastructure)MediumRegional competition for throughput volumes can impact margins and utilization rates.
Business qualityStrongThe integration with a major refining partner provides a strong, durable competitive moat.
Dividend incomeStrongThe distribution history suggests a high degree of commitment to shareholder payouts.
Execution riskMediumSuccessful management of large-scale infrastructure projects is required to sustain growth.

Price Behavior

Steady Uptrend
PRICE PATH

Steady Uptrend

The stock demonstrates consistent and steady upward price momentum.

Smooth
PRICE STABILITY

Smooth

The stock has moved along a generally orderly path with only modest fluctuations.

Analysis of Past Performance

Type Stock
Historic Profit 41.16%
Avg. Invested days 69
Today’s Advisory SELL
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 3.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 11/06/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
MPLX receives a 4-star rating, supported by solid unit economics, solid company fundamentals, solid quantitative characteristics, and solid analyst coverage. The rating is constrained by weak price momentum.

Company Fundamentals

★★★★★
MPLX has solid overall fundamentals (4 stars), with solid financial health, moderate growth momentum, and moderate ownership. In FY2025 versus FY2024, solid earnings growth (+13.8%) and strong cash generation (FCF margin 34.7%) are partially offset by moderate revenue growth (+8.4%).

Financial Health Rating

★★★★★
MPLX's financial health is supported by strong cash strength, including free-cash-flow generation of $4.1B (34.7% of revenue). Liquidity is moderate (3 stars), which helps explain the 4-star overall score.

Growth Momentum Score

★★★★★
Earnings growth is MPLX's strongest growth driver at +13.8% FY2025 versus FY2024 (solid, 4 stars). By comparison, while free-cash-flow growth (-16.1%, negative) holds the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 19.9% (soft) and 36.0% of outstanding shares are publicly tradable (moderate). Insider ownership of 64.08% supports management-shareholder alignment.

Top 5 Institutional Investors

ALPS Advisors Inc 2.82%
Amvescap Plc. 1.80%
Blackstone Inc 1.28%
The Goldman Sachs Group Inc 1.12%
Tortoise Midstream Energy Fund, Inc. 1.04%

Unit Economics (Per $1K Revenue)

★★★★★
MPLX generates approximately $452 of gross profit, $403 of operating income, and $347 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong margins and solid cash conversion support the rating, although capital efficiency remains moderate.

Economic Dimensions

★★★★★
Effective Tax Rate: 0.16%

Quantitative Style Profile

★★★★★
MPLX has a high-quality, large-cap, relatively low-volatility profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedQuality TiltLow VolatilityLarge / Mega Cap Stability

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 56.64B USD
Price to earnings Ratio 13.06
1Y Target Price 62.92
Price to earnings Ratio 13.06
1Y Target Price 62.92
Volume (30-day avg) 1.6M shares
Beta 0.45
52 Weeks Range 47.18 - 59.42
Updated Date 11/08/2026
52 Weeks Range 47.18 - 59.42
Updated Date 11/08/2026
Dividends yield (FY) 8.03%
Basic EPS (TTM) 4.28

How Company Makes Money

Business areaWhat it includesRetail investor read
Pipeline TransportationFees for transporting crude oil and refined products through pipelines.MPLX collects steady toll-road-like fees for moving energy products.
Gathering and ProcessingProcessing raw natural gas and separating NGLs.Revenue is earned based on the volume of gas handled and processed.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date 2026-11-03
When Before Market
Estimate 1.11
Actual 1.15

Profitability

Profit Margin 35.03%
Operating Margin (TTM) 35.93%

Management Effectiveness

Return on Assets (TTM) 7.25%
Return on Equity (TTM) 33.69%

Valuation

Trailing PE 13.06
Forward PE 11.64
Enterprise Value 82.43B
Price to Sales(TTM) 4.56
Enterprise Value 82.43B
Price to Sales(TTM) 4.56
Enterprise Value to Revenue 6.84
Enterprise Value to EBITDA 11.73
Shares Outstanding 1.01B
Shares Floating 364.80M
Shares Outstanding 1.01B
Shares Floating 364.80M
Percent Insiders 64.08
Percent Institutions 19.91

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

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