MPLX Lp MPLX
- 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 | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 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: .
| Quarter | Revenue | Range | EPS | Range | Analysts |
|---|---|---|---|---|---|
| Q3 FY26 | $3.4B | $3.2B to $3.5B | $1.13 | $1.04 to $1.21 | 6 |
| Q4 FY26 | $3.4B | $3.3B to $3.6B | $1.19 | $1.11 to $1.25 | 5 |
| Q1 FY27 | $3.5B | $3.4B to $3.6B | $1.11 | $1.08 to $1.15 | 3 |
| Q2 FY27 | $3.5B | $3.4B to $3.6B | $1.16 | $1.12 to $1.20 | 3 |
| Q3 FY27 | $3.5B | $3.4B to $3.6B | $1.21 | $1.17 to $1.25 | 3 |
| Q4 FY27 | $3.5B | $3.4B to $3.6B | $1.20 | $1.16 to $1.24 | 3 |
| Q1 FY28 | $3.5B | $3.4B to $3.6B | $1.18 | $1.14 to $1.22 | 4 |
| Q2 FY28 | $3.5B | $3.4B to $3.6B | $1.20 | $1.16 to $1.24 | 4 |
Peers
Companies in Oil & Gas Midstream nearest MPLX Lp's size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| MPLXMPLX Lp | $59.9B | 12.7× | 12.1× | 12.9× | n/m | n/m | n/m |
| OKEONEOK | $60.4B | 16.5× | 19.7× | 16.1× | 1.5× | +41% | 9.3% |
| LNGCheniere Energy | $61.7B | 22.2× | 14.7× | 16.6× | 2.9× | +18% | 13.6% |
| TRGPTarga Resources | $64.8B | 28.9× | 30.8× | 26.6× | 3.9× | −2% | 13.5% |
| ETEnergy Transfer | $69B | n/m | n/a | 12.3× | 0.6× | +33% | 4.9% |
| KMIKinder Morgan | $76.7B | 22.1× | 22.8× | 23.3× | 4.3× | +12% | 19.3% |
| EPDEnterprise Products Partners | $80.1B | 12.9× | 12.4× | 12.2× | 1.4× | +7% | 10.8% |
| WMBWilliams Companies | $87.7B | 28.6× | 28.4× | 29.5× | 7.2× | +9% | 25.2% |
| VGVenture Global | $35B | 11.0× | 13.5× | 8.2× | 2.1× | +101% | 22.3% |
| CQPCheniere Energy Partners | $32B | 11.4× | 14.0× | 14.7× | 2.8× | +15% | 27.3% |
| WESWestern Midstream Partners | $18.6B | 14.2× | 10.5× | n/m | 4.3× | +18% | 29.6% |
| Peer median | $63.3B | 16.5× | 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.
- David TepperAppaloosa0.4% of portfolio
More on MPLX Lp
Each number over time
- PE ratio
- Forward PE
- Price to sales ratio
- EV/EBIT
- Price to free cash flow
- Price to book ratio
- Dividend yield
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Where it ranks
- #1of 28Energy stocks with the highest dividend yields
- #1of 10Oil and gas pipeline stocks with the highest dividend yields
- #4of 21Oil and gas pipeline stocks with the lowest PE ratio
- #4of 10Oil and gas pipeline stocks with the lowest forward PE
- #8of 19Oil and gas pipeline stocks with the highest free cash flow yield
Its groups
About
- Industry
- Oil & Gas Midstream
- Sector
- Energy
Valuation data, not investment advice. Prices as of .