MPLX · Mplx LP
Market Cap
$60.07B
Shares
1.01B
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$59.25
Open$59.25
Day$59.23–59.75
52W close$47.80–60.51
Avg vol 30d1.4M
Short int7.5M · 0.7% float · 4.7d
Short vol64%
Last earningsAug 4, 2026
DataJan 2020–Aug 2026
Filing10-Q · Aug 4
Up next
Next earnings call
Nov 3, 2026
Est · unconfirmed
· in 9 wks
FQ3-26 quarter ends
~Sep 30, 2026
Est
filed Aug 4, 2026
AI Brief
TL;DR.
Bullish
Bearish
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceOverall
Buy
SellHoldBuy
Technical
Buy
Momentum
Neutral
Sentiment
Neutral
Fundamentals
Strong
Quant / Vol
Very Low
Market backdrop
VIX 14.4 · calm
Equity put/call 0.62
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
+5%
above
Price vs 50-day avg
+2%
above
RSI (14)
54
neutral
MACD trend
Negative
52-week position
90%
near high
Momentum
relative strength
1-month return
+1%
trailing
6-month return
+2%
trailing
YTD return
+11%
this year
Relative strength
−12%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $58 › 200d $56 — 50d above 200d
Institutional flow
Distributing
-3% holders QoQ · +59 funds added
Insider flow
Flat
No net insider activity over 90 days
Short interest
Falling
0.74% of float · ▼ -2.9% MoM · 4.7 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
632 holders — near 3-yr high, broad support
Squeeze score
50
elevated · 0–100
Fundamentals
Revenue growth
+9%
Y/Y
Free cash flow
$4.1B
Buyback
$1.0B
remaining
Balance sheet
$23.9B
net debt
Quant / Vol
risk profile
Volatility
17%
annualized · 1-yr
Max drawdown
−9%
past year
ATR
1.7%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the 8-K filed Aug 4, 2026
Distribution increases
· 2026 and 2027
12.5%
Prior guidance
period ended
· from the 8-K filed Feb 4, 2025
Natural Gas and NGL Services growth capital
· 2025
$1.45B
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Buy
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
+5%
Bullish
Price vs 50-day avg
+2%
Bullish
RSI (14)
54
Neutral
MACD trend
Negative
Bearish
52-week position
90%
Bullish
Market signals — smart money & positioning
Bullish · 2 of 6
Trend (MA cross)
No cross
50d $58 › 200d $56 — 50d above 200d
Institutional flow
Distributing
-3% holders QoQ · +59 funds added
Insider flow
Flat
No net insider activity over 90 days
Short interest
Falling
0.74% of float · ▼ -2.9% MoM · 4.7 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
632 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $48
Now $59 · 90%
Range high $61
vs 200-day avg +5%
vs 50-day avg +2%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Additions to property, plant and equipment | $1.4B | Six Months Ended June 30, 2026 | — |
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| Adjusted EBITDA non-GAAP | $1.79B | Three Months Ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Net cash provided by operating activities $1.7B
-$261M Changes in working capital items
+$12M All other, net
+$0M Loss on extinguishment of debt
+$281M Adjusted net interest and other financial costs
+$18M Other adjustments to equity method investment distributions
+$34M Other
= Adjusted EBITDA $1.79B
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| Adjusted EBITDA attributable to MPLX LP non-GAAP | $3.5B | Six Months Ended June 30, 2026 | — |
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| Adjusted free cash flow non-GAAP | $1.22B | Six Months Ended June 30, 2026 | — |
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| Adjusted free cash flow after distributions non-GAAP | -$968M | Six Months Ended June 30, 2026 | — |
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| Average pipeline tariff rates | $1.07 | Q2 2026 | — |
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| Average tariff rates - Crude oil pipelines | $1.06 | Three Months Ended June 30, 2026 | — |
| Average tariff rates - Product pipelines | $1.09 | Three Months Ended June 30, 2026 | — |
| Barges in operation | 331 | Three Months Ended June 30, 2026 | — |
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| C2 + NGLs fractionated | 680 | Q2 2026 | — |
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| C2 + NGLs fractionated - Marcellus Operations (Consolidated) | 584 | Three Months Ended June 30, 2026 | — |
| C2 + NGLs fractionated - Total (Consolidated) | 589 | Three Months Ended June 30, 2026 filing | — |
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| Capital expenditures - Crude Oil and Products Logistics | $131M | Three Months Ended June 30, 2026 filing | — |
| Capital expenditures - Natural Gas and NGL Services | $688M | Three Months Ended June 30, 2026 filing | — |
| Cash paid for common unit repurchases | 50M | Q2 2026 | — |
| Crude Oil and Products Logistics segment adjusted EBITDA non-GAAP | 1.16B | Q2 2026 | — |
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| Crude Oil and Products Logistics segment adjusted EBITDA attributable to MPLX LP non-GAAP | $1.16B | Three Months Ended June 30, 2026 | — |
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| DCF attributable to MPLX LP non-GAAP | $2.86B | Six Months Ended June 30, 2026 | — |
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| Distribution per common unit | $1.08 | Q2 2026 | — |
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| Gathering throughput | 6,859 | Q2 2026 | — |
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| Gathering throughput - Bakken Operations (Consolidated) | 162 | Three Months Ended June 30, 2026 | — |
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| Gathering throughput - Marcellus Operations (Consolidated) | 1,680 | Three Months Ended June 30, 2026 | — |
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| Gathering throughput - Southwest Operations (Consolidated) | 1,990 | Three Months Ended June 30, 2026 | — |
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| Gathering throughput - Total (Consolidated) | 3,773 | Three Months Ended June 30, 2026 filing | — |
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| Investments in unconsolidated affiliates | $202M | the three months ended June 30, 2026 filing | — |
| Investments in unconsolidated affiliates - Natural Gas and NGL Services | $202M | Three Months Ended June 30, 2026 filing | — |
| LTM Adjusted EBITDA attributable to MPLX LP non-GAAP | $7.07B | Last Twelve Months Ended June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP LTM Adjusted EBITDA 7.12B
-44M Adjusted EBITDA attributable to noncontrolling interests
= LTM Adjusted EBITDA attributable to MPLX LP 7.07B
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| Maintenance capital expenditures, net of reimbursements | -$68M | Three Months Ended June 30, 2026 filing | — |
| Natural Gas and NGL Services segment adjusted EBITDA non-GAAP | 614M | Q2 2026 | — |
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| Natural Gas and NGL Services segment adjusted EBITDA attributable to MPLX LP non-GAAP | $614M | Three Months Ended June 30, 2026 | — |
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| Natural gas processed | 9,590 | Q2 2026 | — |
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| Natural gas processed - Bakken Operations (Consolidated) | 161 | Three Months Ended June 30, 2026 | — |
| Natural gas processed - Marcellus Operations (Consolidated) | 4,570 | Three Months Ended June 30, 2026 | — |
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| Natural gas processed - Southern Appalachia Operations (Consolidated) | 220 | Three Months Ended June 30, 2026 | — |
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| Natural gas processed - Southwest Operations (Consolidated) | 2,013 | Three Months Ended June 30, 2026 | — |
| Natural gas processed - Total (Consolidated) | 6,862 | Three Months Ended June 30, 2026 filing | — |
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| NGL pipeline throughput - Total | 698 | Three Months Ended June 30, 2026 filing | — |
| Pipeline throughput | 5,876 | Q2 2026 | — |
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| Pipeline throughput - Crude oil pipelines | 3,830 | Three Months Ended June 30, 2026 | — |
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| Pipeline throughput - Product pipelines | 2,046 | Three Months Ended June 30, 2026 | — |
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| Quarterly cash distributions declared per limited partner common unit | $1.08 | the three months ended June 30, 2026 filing | — |
| Terminal throughput | 3,259 | Q2 2026 | — |
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| Total C2 + NGLs fractionated (Consolidated) | 608 | Three Months Ended June 30, 2026 | — |
| Total C2 + NGLs fractionated (Operated) | 680 | Three Months Ended June 30, 2026 | — |
| Total gathering throughput (Consolidated) | 3,832 | Three Months Ended June 30, 2026 | — |
| Total gathering throughput (Operated) | 6,859 | Three Months Ended June 30, 2026 | — |
| Total growth capital expenditures | $1.67B | Six Months Ended June 30, 2026 | — |
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| Total maintenance capital expenditures | $119M | Six Months Ended June 30, 2026 | — |
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| Total natural gas processed (Consolidated) | 6,964 | Three Months Ended June 30, 2026 | — |
| Total natural gas processed (Operated) | 9,590 | Three Months Ended June 30, 2026 | — |
| Towboats in operation | 30 | Three Months Ended June 30, 2026 | — |
| Total LP distribution declared | $1.09B | Three Months Ended March 31, 2026 | — |
| Average tariff rates | $1.06 | Twelve Months Ended December 31, 2025 | — |
| DCF attributable to LP unitholders non-GAAP | $5.79B | Twelve Months Ended December 31, 2025 | — |
| Segment adjusted EBITDA non-GAAP | $2.47B | Twelve Months Ended December 31, 2025 | — |
| Total C2 + NGLs fractionated | 595 | Twelve Months Ended December 31, 2025 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Oil & Gas Midstream — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
MPLX
this stock
Mplx LP
|
$60.07B | +11.0% | +8.9% | — | 0.7% |
|
ENB
Enbridge Inc
|
$109.64B | +5.0% | — | — | 3.2% |
|
WMB
Williams Companies, Inc.
|
$90.18B | +22.7% | +13.8% | 29.4 | 2.0% |
|
EPD
Enterprise Products Partners L.P.
|
$84.26B | +21.7% | -6.4% | — | 0.9% |
|
ET
Energy Transfer LP
|
$73.38B | +29.2% | +3.5% | — | 0.8% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| MPLX | +1.4% | +1.4% | +1.8% | +1.4% | +11.0% |
| SPY | +0.5% | +3.0% | +13.4% | +3.0% | +12.8% |
| vs SPY | +1.0% | -1.6% | -11.6% | -1.6% | -1.8% |
Capital returns
Latest dividend
$1.077
/ share · ex Aug 7, 2026
Paid (TTM)
$4.308
/ share · 4 payouts
Dividend yield (TTM, derived)
7.27%
Buyback programs
· 2 active
· as of Jun 30, 2026
Authorized (total)
$2.00B
Spent (derived)
$1.00B
Remaining
$1.00B
Spent
Remaining
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.
Key facts
CIK
1552000
CUSIP
55336V100
13F (30d)
401 filings
368 filers
Visit website
Investor relations