Superworth

MPLX Lp MPLX

Oil & Gas Midstream, Energy
$59.13
+1.63%
Market cap
$59.9B
PE
12.7×
10y median 12.1×
Forward PE
12.9×
10y median 11.3×
Price to sales
n/m
one or more of the four quarters through 2026-06-30 missing
EV/EBIT
n/m
a quarter missing
Revenue, 12 months
n/m
one or more of the four quarters through 2026-06-30 missing
Net margin
n/m
one or more of the four quarters through 2026-06-30 missing
Free cash flow yield
5.6%

MPLX Lp trades at 12.7× trailing earnings, near its ten-year median.

Charts

Financials

Income statement for MPLX, by quarter
Income statementQ3 FY23Q4 FY23Q1 FY24Q2 FY24Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
$2.7B−1%$2.7B+6%$2.6B+2%$2.7B+8%$2.8B+2%n/a$2.9B+11%$2.8B+4%$2.9B+5%n/a$2.8B−3%$3.1B+11%
Cost of revenue$869M−5%$742M−5%$763M+7%$785M+126%$834M−4%n/a$871M+14%$825M+5%$914M+10%n/a$922M+6%$1B+23%
Gross profit$1.8B+1%$1.9B+11%$1.8B+0%$1.9B−12%$1.9B+5%n/a$2B+10%$2B+3%$2B+3%n/a$1.9B−7%$2.1B+5%
SG&A$102M+16%$99M+14%$109M+23%$107M+20%$107M+5%n/a$112M+3%$107M+0%$126M+18%n/a$114M+2%$108M+1%
$1.2B−31%$1.4B+30%$1.3B+5%$1.4B+21%$1.3B+11%n/a$1.4B+9%$1.3B−9%$1.8B+41%n/a$1.2B−11%$1.4B+7%
Interest expense$225M$222M$235M−3%$231M−1%$226M+0%n/a$229M−3%$234M+1%$243M+8%n/a$291M+27%$289M+24%
Pre-tax income$929M−35%$1.2B+40%$1B+7%$1.2B+26%$1B+13%n/a$1.1B+12%$1.1B−11%$1.6B+49%n/a$923M−19%$1.1B+3%
$1M+0%$9M+350%$1M+0%$2M$2M+100%n/a$1M+0%$1M−50%$3M+50%n/a$1M+0%$2M+100%
Net income$918M−36%$1.1B+39%$1B+7%$1.2B+26%$1B+13%$1.1B−3%$1.1B+12%$1B−11%$1.5B+49%$1.2B+9%$912M−19%$1.1B+3%
$0.89−35%$1.13+38%$0.98+8%$1.15+26%$1.01+14%$1.07−5%$1.10+12%$1.03−10%$1.52+51%$1.17+9%$0.90−18%$1.06+3%
1B−1%1B+0%1B+1%1B+2%1B+2%1B+2%1B+1%1B+0%1B−0%1B−0%1B−1%1B−1%

Gross profit: 44 periods, Q1 FY15 to Q2 FY26: not printed by the filing, worked out from its own lines.

Operating income: 36 periods, Q1 FY13 to Q2 FY22: not printed by the filing, worked out from its own lines.

EPS, diluted: 30 periods, Q3 FY13 to Q4 FY25: quarter's net income to common over its shares, to the cent.

Diluted shares: 7 periods, Q4 FY13 to Q4 FY25: share-days: the 12-month average less the 9-month, weighted by days. 4 periods, Q4 FY15 to Q4 FY24: the earlier year to date counted no dilution: the quarter's basic count plus the later year to date's dilution.

From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.

Estimates

Next earnings report: .

QuarterRevenueRangeEPSRangeAnalysts
Q3 FY26$3.4B$3.2B to $3.5B$1.13$1.04 to $1.216
Q4 FY26$3.4B$3.3B to $3.6B$1.19$1.11 to $1.255
Q1 FY27$3.5B$3.4B to $3.6B$1.11$1.08 to $1.153
Q2 FY27$3.5B$3.4B to $3.6B$1.16$1.12 to $1.203
Q3 FY27$3.5B$3.4B to $3.6B$1.21$1.17 to $1.253
Q4 FY27$3.5B$3.4B to $3.6B$1.20$1.16 to $1.243
Q1 FY28$3.5B$3.4B to $3.6B$1.18$1.14 to $1.224
Q2 FY28$3.5B$3.4B to $3.6B$1.20$1.16 to $1.244

Peers

Companies in Oil & Gas Midstream nearest MPLX Lp's size, closest first.

CompanyMarket capPEIts 10y median PEFwd PEP/SRevenue growthNet margin
MPLXMPLX Lp$59.9B12.7×12.1×12.9×n/mn/mn/m
OKEONEOK$60.4B16.5×19.7×16.1×1.5×+41%9.3%
LNGCheniere Energy$61.7B22.2×14.7×16.6×2.9×+18%13.6%
TRGPTarga Resources$64.8B28.9×30.8×26.6×3.9×−2%13.5%
ETEnergy Transfer$69Bn/mn/a12.3×0.6×+33%4.9%
KMIKinder Morgan$76.7B22.1×22.8×23.3×4.3×+12%19.3%
EPDEnterprise Products Partners$80.1B12.9×12.4×12.2×1.4×+7%10.8%
WMBWilliams Companies$87.7B28.6×28.4×29.5×7.2×+9%25.2%
VGVenture Global$35B11.0×13.5×8.2×2.1×+101%22.3%
CQPCheniere Energy Partners$32B11.4×14.0×14.7×2.8×+15%27.3%
WESWestern Midstream Partners$18.6B14.2×10.5×n/m4.3×+18%29.6%
Peer median$63.3B16.5×14.7×16.1×2.8×+16%16.4%

Investors who own it

Investors we follow who held MPLX Lp at the end of Jun 30, 2026, from their 13F filings.

More on MPLX Lp

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Where it ranks

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About

Industry
Oil & Gas Midstream
Sector
Energy

Valuation data, not investment advice. Prices as of .