MPLX (MPLX) AI Stock Analysis

• Market Cap: $53.04B
• Dividend Yield: 7.34%
• Average Volume (3M): 2.04M
• Price to Earnings (P/E): 12.3
• Beta (1Y): 0.46
• Revenue Growth: 5.53%
• EPS Growth: 11.29%
• Country: US
• Employees: 6,200
• Sector: Energy
• Sector Strength: 43
• Industry: Oil & Gas Midstream
• EPS (TTM): 1.10
• Shares Outstanding: 1,022,509,770
• 10 Day Avg. Volume: 1,400,379
• 30 Day Avg. Volume: 2,036,265
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.30
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: 6.66
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $58.38
• Price Target Upside: 17.35% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 8

MPLX's overall score reflects its strong financial health, prudent capital management, and attractive valuation. The company's strategic acquisitions and growth plans bolster its positive outlook, despite some market volatility and technical analysis indicating short-term challenges. The high dividend yield adds to its appeal for income-focused investors.

Positive Factors

Earnings

Adjusted EBITDA was above consensus estimates, reflecting better-than-anticipated operational performance.

Financial Health

Free cash flow before dividends exceeded expectations, indicating strong financial health.

Strategic Investments

MPLX announced a series of Gulf Coast NGL investments and signaled higher run rate capex as the wellhead to water strategy advances.

Negative Factors

Capital Expenditure

MPLX's 2025 capital expenditure plans exceed estimates, focusing on growth and strategic expansions.

Operational Challenges

Refined product pipeline throughput was lower than expected, which might indicate operational challenges.

MPLX Business Overview & Revenue Model

Company Description

MPLX LP is a diversified, growth-oriented master limited partnership formed by Marathon Petroleum Corporation to own, operate, and develop midstream energy infrastructure assets. The company operates in the energy sector, primarily focusing on the transportation, storage, and distribution of crude oil, refined petroleum products, and natural gas. MPLX's core services include logistics and storage services, which are critical to the energy supply chain, providing essential connectivity between producers and consumers.

How the Company Makes Money

MPLX makes money primarily through its two main segments: Logistics and Storage (L&S) and Gathering and Processing (G&P). The Logistics and Storage segment generates revenue by charging fees for the transportation of crude oil and refined products through its extensive network of pipelines, as well as for the storage of these products in its strategically located tank farms and terminals. The Gathering and Processing segment earns income by providing natural gas gathering, processing, and fractionation services, essential for producers to prepare natural gas for sale. MPLX benefits from long-term, fee-based contracts, ensuring stable and predictable cash flows. Additionally, the company's close relationship with its sponsor, Marathon Petroleum Corporation, provides a steady stream of business and strategic advantages, further enhancing its revenue potential.

MPLX Financial Statement Overview

Summary

MPLX exhibits a strong financial position across all key financial segments. The company has maintained robust growth in revenue and profitability, supported by an efficient balance sheet with no debt burden. Cash flows are healthy, reflecting effective management of operations and capital expenditures. The overall financial health is indicative of sustained operational excellence and fiscal prudence, positioning MPLX well for future growth and shareholder value creation.

Income Statement

MPLX has demonstrated strong financial performance in TTM (Trailing-Twelve-Months) with a solid Gross Profit Margin of 59.7% and a Net Profit Margin of 38.7%. The company has also shown consistent revenue growth, with a 4.6% increase from the previous year. A notable increase in EBIT and EBITDA margins to 44.5% and 53.9% respectively, indicates strong operational efficiency and profitability.

Balance Sheet

The balance sheet of MPLX reveals robust financial stability with a Debt-to-Equity Ratio of 0, indicating no leverage risk. The Equity Ratio stands at 36.8%, showcasing a strong capital structure. Additionally, an impressive Return on Equity of 31.3% highlights substantial profitability relative to shareholder equity.

Cash Flow

MPLX's cash flow statement is impressive with a Free Cash Flow Growth Rate of 16.6% in TTM, pointing to solid cash generation. The Operating Cash Flow to Net Income Ratio is 1.37, indicating efficient conversion of income to cash flow. Moreover, the Free Cash Flow to Net Income Ratio of 1.20 underscores the company’s capability to produce ample cash relative to net income.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
11.93B	10.68B	10.54B	9.57B	8.25B
	Gross Profit
10.37B	4.82B	4.29B	4.05B	3.59B
	EBIT
5.29B	4.90B	3.68B	2.75B	1.04B
	EBITDA
6.59B	6.11B	5.67B	5.00B	4.73B
	Net Income Common Stockholders
4.36B	3.93B	3.94B	3.08B	-687.00M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.52B	1.05B	238.00M	13.00M	15.00M
	Total Assets
37.51B	36.53B	35.66B	35.51B	36.41B
	Total Debt
21.21B	20.91B	20.30B	19.06B	20.68B
	Net Debt
19.69B	19.87B	20.06B	19.05B	20.66B
	Total Liabilities
23.50B	22.95B	23.12B	23.45B	23.40B
	Stockholders Equity
13.81B	13.35B	12.55B	12.05B	13.02B
Cash Flow		Free Cash Flow
4.89B	4.46B	4.21B	4.38B	3.34B
	Operating Cash Flow
5.95B	5.40B	5.02B	4.91B	4.52B
	Investing Cash Flow
-2.00B	-1.25B	-956.00M	-518.00M	-1.26B
	Financing Cash Flow
-3.48B	-3.33B	-3.84B	-4.39B	-3.26B

MPLX Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 49.75
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MPLX, the sentiment is Negative. The current price of 49.75 is below the 20-day moving average (MA) of 50.49, below the 50-day MA of 51.78, and above the 200-day MA of 46.95, indicating a neutral trend. The MACD of -0.33 indicates Positive momentum. The RSI at 44.02 is Neutral, neither overbought nor oversold. The STOCH value of 17.56 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MPLX.

MPLX Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MPLX	81 Outperform	$53.04B	12.32	32.54%	7.34%	5.53%	11.29%
ET	76 Outperform	$54.25B	12.61	13.53%	7.61%	1.04%	22.31%
OKE	74 Outperform	$49.53B	15.65	16.04%	4.98%	40.55%	19.24%
KMI	73 Outperform	$60.46B	23.23	8.43%	4.18%	2.02%	5.40%
TRGP	72 Outperform	$35.11B	29.74	46.37%	2.04%	6.05%	11.64%
WMB	69 Neutral	$71.67B	32.28	18.32%	3.27%	8.63%	-20.98%
Sector *	56 Neutral	$6.91B	3.46	-4.86%	5.95%	0.08%	-49.21%

MPLX Corporate Events

MPLX Appoints New Vice President and Controller

On January 22, 2025, MPLX GP LLC appointed Rebecca L. Iten as Vice President and Controller, effective March 3, 2025, succeeding Kelly D. Wright, who will take on a new role at Marathon Petroleum Corporation. Ms. Iten brings extensive experience from her previous roles and will continue to receive her compensation through MPC, indicating MPLX’s ongoing reliance on MPC for management personnel.