What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
Funds293 adding, 202 cuttingOf 9 active managers that changed their stake, 4 added; quarter to June 30, 2026Fund buyers and sellers→
Value diary
Our note on each quarter Mplx files
Where Mplx LP stands after its latest 10-Q
Revenue for the twelve months to June 2026 was $13.2bn, up 8.7% on a year earlier, faster than the 5.7% growth a quarter earlier. Free-cash-flow margin fell to 25.2% from 40.4% a year earlier. Against its peers on growth, profitability, cash generation and balance sheet, it grades B+. It passes 1 of our 5 financial-health checks. Our cash-flow model value is $92.25 a share, against a share price of $58.78.
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are
as published at the time. Not investment advice.
The Fundamentalytics view
Next results ~November 3, 2026 (estimated)
Mplx LP's trailing-twelve-month revenue grew 3.1% year on year, with a free-cash-flow margin of 23.6%. Where it stands out: net margin of 32.9% ranks 3 of 29 oil & gas storage & transportation companies we cover.
Our discounted-cash-flow model values the business at ~$77 per share in the base case (~$51–$110 across growth scenarios) — model values under stated assumptions, not a price target.
Current signal Free cash flow diverging from earnings: TTM free cash flow fell 33.6% while net income fell 9.7%: a 24pp divergence.
Assembled from SEC-filed figures — the full workings are on this page and in our
methodology. Observations, not recommendations.
Priced below our value. The share price of $58.00 is 55% below our value per share of $90.
High operating margin. 42.0% of revenue is left as operating profit, against a median of 28.1% for oil & gas storage & transportation companies we cover.
Strong cash generation. 23.6% of revenue turned into free cash flow, against a median of 13.6% for oil & gas storage & transportation companies we cover.
Things to watch
Growth slowing. The growth rate is 5.6 points lower than a quarter earlier.
Margins narrowing. Operating margin is down 3.3 points on a year ago.
High debt. Long-term debt exceeds cash by $25.3bn, more than 1.5 times annual revenue.
Weak cash conversion. Free cash flow was 72% of net income over the last 12 months.
Below peers: long-term debt as % of assets. Long-term debt as % of assets of 60.2% ranks 20 of 26 oil & gas storage & transportation companies we cover (median 46.2%).
Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.
Latest results: FY2026 Q3
Filed November 3, 2026
Earnings per share
$1.06 against an average estimate of $1.06: missed by 0.3%
Revenue
$3.60bn, down 0.4% on a year earlier
Guidance given
distribution increase growth 12.5% (2026); distribution increase growth 12.5% (2027)
Next report
November 3, 2026; average EPS estimate $1.14
Mplx's figures from its SEC filings and results release; estimates are the analysts' average. Not a
recommendation.
Price chart
1 day-2.4%
1 week-1.0%
1 month+2.0%
This year+14.0%
1 year+22.2%
5 years+187.0%
S&P 500 this year+11.4%
Closing prices to 2026-11-03. Price change only, dividends excluded.
Loading chart…
Third-party market data · may be delayed
At a glance
Trailing twelve months, from SEC filings
Profitability
Revenue (TTM)
$13.2B
Operating margin
42.0%
Net margin
32.9%
Growth
Revenue growth
+3.1%
Change in growth rate
−5.6 pts
Cash
Free cash flow (TTM)
$3.1B
FCF margin
23.6%
Earnings
Last results
November 3, 2026
Next results (est.)
February 2, 2027
News & updates
Updated November 3, 2026
Company announcements, filed results and changes that matter to shareholders.
The company also guided to distribution increase of 12.50 for the 2027; growth capital spending outlook of $2.90bn for the 2026.
Company results release
Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.
The share price implies about 1.4% a year of cash-flow growth for five years.That is close to the 5.7% a year revenue growth Mplx has delivered.
Read with care: free cash flow has swung sharply in the past year (often a one-off tax, legal or working-capital
item), so the cash-flow base behind this reading may be unusually low or high.
Priced in1.4%
Last 12 months3.1%
3 years a year6.4%
5 years a year5.7%
Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which
the model value equals the share price ($57.49, Nov 3, 2026). Cash-flow growth then fades to 2.5% a
year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies
How we got here: a discounted-cash-flow model of Mplx LP's free cash flow after
stock-based pay with after-tax interest added back ($5.2B, FY2026 Q3
TTM), growing 4.8% and 5.6% in the next two years (forecasts, guidance and its record), then back to 4.7% by year five, and fading to 2.5%, discounted at 8.5%. Lower
and higher growth cases span ~$51–~$110
; that spread sets a 25% margin before we rate Buy or Sell.
Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating
meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General
research, not personal advice — it does not consider your circumstances. Prices can
fall as well as rise.
Our value per share comes from a discounted-cash-flow model of Mplx LP's free cash
flow after stock-based pay (
$5.2B, FY2026 Q3 TTM, with after-tax interest added back): growth for
five years as below (the first two years from forecasts, guidance and the company's
record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims
subtracted. These are model values under
stated assumptions, not price targets or recommendations.
Valuation models
We value Mplx LP as an operating company, with every model that fits that kind of
business.
Cost of equity 8.1%: the 10-year Treasury yield (4.9%) plus a
beta of 0.69 times a 4.5% equity risk premium.
Value per share by model
Model
Value per share
In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims.
~$77 ~$51–$110
Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts.
~$70 ~$57–$94
Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years.
—
Does not apply: book value or earnings not available
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns.
—
Does not apply: return on equity is not positive
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out.
~$74 ~$70–$77
2 models
Different models fail in different ways, so where several apply we average them rather than
trust one. Peer-based models compare Mplx LP with Oil & Gas Storage & Transportation in our coverage, using
third-party market data. Model values are estimates under stated assumptions, updated as new
filings arrive; not price targets or investment advice. How each model works.
What moves the value
Revenue growth 5 points lower ▼ −39%
Revenue growth 5 points higher ▲ +51%
Free-cash-flow margin 1 point lower ▼ −5%
Last year's free-cash-flow margin change, if it persists ▼ −39%
Discount rate 1 point higher ▼ −22%
Value per share under different assumptions
Discount rate ↓ / growth →
−5% growth
0% growth
5% growth
10% growth
15% growth
20% growth
7%
$49
$76
$111
$158
$219
$297
8.5%
$32
$51
$77
$110
$153
$209
10%
$21
$36
$56
$81
$114
$156
Moat
74/100
Strong moat
How hard Mplx's competitive advantage looks for rivals to wear away, judged from 10 years of its own
filings: returns on capital, pricing power, profit durability, cash conversion and discipline.
Returns on capital 14 / 20
Net income has been a median 9.0% of total assets over 10 years.
Durability 10 / 20
Net margin has been a median 31.8%; its worst year was -26.1%.
Cash conversion 20 / 20
Free cash flow was positive in 10 of 10 years, at a median 36.0% of revenue.
AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.
A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.
Forecasts and guidance
Next results: November 3, 2026, before the open.
Analysts expect revenue of $3.4bn and EPS of $1.14 (range $1.07 to $1.36) for the quarter.
Analysts' consensus
Mplx LP: consensus estimates
Fiscal year
EPS
Growth
Revenue
Growth
Current
$4.33
0%
$13.1bn
+1%
Next
$4.80
+11%
$14.1bn
+7%
Next year's EPS estimate has moved −2.6% in 90 days, across 8 analysts.
Earnings against estimates
Mplx LP: reported EPS against the consensus estimate
Quarter to
Estimate
Actual
Surprise
Jun 2026
$1.06
$1.06
−0.3%
Mar 2026
$1.08
$0.90
−16.6%
Dec 2025
$1.03
$1.05
+1.8%
Sept 2025
$1.09
$1.52
+40.0%
Adjusted EPS as companies report it, against the average analyst estimate.
“MPLX expects distribution increases of 12.5% in 2026 and 2027”
source
distribution increase 2027about 12.5% growth
“MPLX expects distribution increases of 12.5% in 2026 and 2027”
source
growth capital spending outlook 2026about $2.9bn Raised
“MPLX is increasing its 2026 growth capital spending outlook by $500 million, to $2.9 billion, primarily reflecting the accelerated execution of the Gulf Coast fractionation project to meet global demand for U.S. energy.”
source
Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked
word for word against it. Forward-looking statements are the company's expectations, not ours and not advice;
guidance can change or be missed.
How our valuation uses these forecasts
Our cash-flow model grows Mplx LP's revenue by +4.8% next year and +5.6% the
year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+4.9%, weight 66%)
and the company's own record (+4.7%, weight 34%)
. How the weights are set.
Analyst recommendations
15 analysts, Oct 2026
Buy640%
Hold853%
Sell17%
Monthly trend
Strong buy
Buy
Hold
Sell
Strong sell
Oct 202624815
Sep 202624815
Aug 202625715
Jul 202625715
Counts of recommendations published by analysts covering Mplx LP, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or
price target, and these are not Fundamentalytics ratings.
Positioning
Short interest
1.8%
of tradable shares
Days to cover
4.72
at average volume
Short interest, 1 month
−9%
to September 30, 2026
Held by institutions
20%
of shares
Held by insiders
64.0%
of shares
Consensus figures average analysts' published estimates (third-party data); guidance is the company's own.
Neither is our forecast. Short
interest is reported twice a month and lags. Market data may be delayed.
This section is general information, not investment advice or a personal recommendation, and it does not
take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies
miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose
money. See our disclaimer.
Share-price performance
Market data may be delayed
Return and risk by year
Mplx LP: yearly return, monthly win rate and worst fall against the S&P 500
Calendar year
2021
2022
2023
2024
2025
2026 to date
Return
MPLX
+54%
+21%
+23%
+42%
+21%
+14%
Industry peers (median)
+39%
+22%
+9%
+27%
+8%
+24%
S&P 500
+29%
−18%
+26%
+25%
+18%
+11%
Months that ended higher
MPLX
92%
67%
83%
75%
58%
55%
S&P 500
75%
42%
67%
75%
75%
46%
Largest fall from a high during the year
MPLX
−16%
−19%
−4%
−11%
−15%
−8%
S&P 500
−5%
−25%
−10%
−8%
−19%
−9%
Worst fall since November 2, 2015: 75% from August 9, 2018 to March 18, 2020. Getting back needed a 303% gain, reached on May 14, 2021, 422 days after the low.
Price behaviour
52-week range
$47.04 – $60.23
From 52-week high
−4.5%
vs 50-day average
−1.5%
vs 200-day average
+2.5%
Volatility (1 year)
17%
Beta vs S&P 500
-0.01
Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares
typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 3, 2026.
Share price after results
Next day
6 up, 5 down
typical move ±2.1%
After a week
8 up, 3 down
typical move ±2.7%
After a month
8 up, 3 down
typical move ±4.9%
Mplx LP: share-price change after each results release
Results released
Next day
S&P 500 next day
5 days
21 days
August 4, 2026
+0.6%
+1.6%
+2.5%
+2.0%
May 5, 2026
−2.6%
+2.2%
−3.0%
+0.4%
April 13, 2026
−2.0%
+2.2%
−0.8%
−1.2%
February 3, 2026
+0.5%
−1.3%
+2.1%
+8.1%
November 4, 2025
+1.4%
−0.8%
+4.5%
+12.2%
August 5, 2025
−2.7%
+0.3%
−3.6%
−1.8%
May 6, 2025
−2.7%
−0.4%
+1.6%
+3.3%
February 4, 2025
+4.7%
+1.1%
+3.4%
+1.8%
November 5, 2024
+4.8%
+3.7%
+5.9%
+14.4%
August 6, 2024
+0.7%
+0.2%
+0.8%
+6.6%
April 30, 2024
−0.9%
−1.9%
+1.4%
−2.2%
From the close before the release date to the close 1, 5 and 21 trading days after it, so
releases before the open and after the close are both captured. Past moves don't predict
future ones.
How Mplx LP’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are
delayed, read November 3, 2026. Check the live chain at your broker before trading.
Implied vs realised volatility
Results just out
Results came out in the last few days. Option prices are still adjusting, so we do not judge them yet.
Implied (30 days)28%
Realised, last 20 days18%
Realised, last 60 days16%
Realised, last year17%
Implied is 1.75× the last 60 days’ realised volatility
.
Calls are priced 25 points richer than puts (25-delta): demand for upside is high, which favours selling calls over puts.
Why: results came out in the last few days, so option prices are still adjusting.
Our rule for “rich”: implied at least 1.2× 60-day realised (beyond measurement noise), above
1-year realised (not just a calm spell), and in the top 20% of our
coverage that day. Never with results inside the option’s life. These are our conventions, built on research
showing option prices usually imply more movement than follows, most when the gap is wide.
How we judge this.
Sell the $55.00 put expiring December 18, 2026 (45 days) for $0.65 a share — $65.00 per contract.
Bid $0.65, ask $0.75, quoted Tue 3 Nov, 14:35 New York time with MPLX at $57.60.
Option prices move with the shares: check the live chain at your broker before trading.
If MPLX ends above $55.00: you keep the $65.00 — 1.2% on the $5,500 set aside, or 9.6% a year at that pace.
If it ends below $55.00: you buy 100 shares at an effective $54.35, 6% below today's price and 40% below our value of ~$90.
Profit or loss per contract at expiry, by share price.
Premium
$65.00
Annualised
9.6%
Break-even
$54.35
Max gain
$65.00
Chance of buying
~24%
Covered call
Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.
For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.
Collar
Not offered: the shares trade below our fair value: a collar caps upside the model expects.
For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.
General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone:
put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or
news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early
assignment are not modelled.
Growth, profitability, cash generation and balance sheet are percentiles against the
companies we cover in the same industry, from SEC filings (100 = best). Value compares the
share price with our modelled value range (50 = at our base value; higher = cheaper).
A description of reported data and our model — not a quality score or advice.
Fundamentals
Revenue (TTM)Mplx LP
Source: SEC EDGAR filings. Retrieved November 3, 2026.
View chart data
Period
Revenue (TTM)
FY23 Q4
$11.3B
FY24 Q1
$11.4B
FY24 Q2
$11.8B
FY24 Q3
$11.8B
FY24 Q4
$11.9B
FY25 Q1
$12.2B
FY25 Q2
$12.2B
FY25 Q3
$12.8B
FY25 Q4
$13B
FY26 Q1
$12.9B
FY26 Q2
$13.2B
FY26 Q3
$13.2B
Revenue growth, TTM YoYMplx LP
Source: SEC EDGAR filings. Retrieved November 3, 2026.
View chart data
Period
Revenue growth, TTM YoY
FY23 Q4
-2.9%
FY24 Q1
-2.6%
FY24 Q2
2.7%
FY24 Q3
7.8%
FY24 Q4
5.8%
FY25 Q1
7.0%
FY25 Q2
3.3%
FY25 Q3
8.2%
FY25 Q4
8.9%
FY26 Q1
5.7%
FY26 Q2
8.7%
FY26 Q3
3.1%
Operating margin (TTM)Mplx LP
Source: SEC EDGAR filings. Retrieved November 3, 2026.
View chart data
Period
Operating margin (TTM)
FY23 Q4
43.4%
FY24 Q1
43.4%
FY24 Q2
44.1%
FY24 Q3
44.9%
FY24 Q4
44.3%
FY25 Q1
44.2%
FY25 Q2
43.4%
FY25 Q3
45.3%
FY25 Q4
45.7%
FY26 Q1
44.8%
FY26 Q2
44.4%
FY26 Q3
42.0%
FCF margin (TTM)Mplx LP
Source: SEC EDGAR filings. Retrieved November 3, 2026.
View chart data
Period
FCF margin (TTM)
FY23 Q4
39.5%
FY24 Q1
38.9%
FY24 Q2
39.2%
FY24 Q3
40.0%
FY24 Q4
41.0%
FY25 Q1
39.6%
FY25 Q2
40.4%
FY25 Q3
36.6%
FY25 Q4
31.6%
FY26 Q1
30.2%
FY26 Q2
25.2%
FY26 Q3
23.6%
Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.
Where the money goes
FY2025, from the 10-K
Each dollar Mplx took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.
Revenue $13B
Selling, general and admin $446M · 3.4%
Other operating costs $6.6B · 50.8%
Operating income $5.9B · 45.7%
Interest and other $1B · 8.0%
Net income $4.9B · 37.8%
Where Mplx's revenue went, FY2025
Revenue
$13B
Selling, general and admin
$446M
3.4% of revenue
Other operating costs
$6.6B
50.8% of revenue
Operating income
$5.9B
45.7% of revenue
Interest and other
$1B
8.0% of revenue
Net income
$4.9B
37.8% of revenue
Shares of revenue. Source: Mplx's 10-K for FY2025, as filed with the SEC.
"Other" lines are what the reported lines leave unexplained.
Financial statements
US$ billions unless shown otherwise.
Fiscal years, plus the last twelve months (LTM) when newer.
Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income
plus depreciation and amortisation. Free cash flow is cash from operations minus capital
spending. Growth is left blank when last year's figure was a loss or under 2% of revenue.
Share counts and EPS are restated for stock splits. A dash means the company didn't report
the figure.
✓Short-term assets cover short-term liabilities $3.4bn of assets due within a year against $2.2bn of liabilities due within a year.
✕Short-term assets cover long-term liabilities $3.4bn short-term assets against $27.7bn of longer-dated liabilities.
✕More cash than debt $1.3bn of cash against $26.6bn of debt.
·Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
·Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
✓A year's operating cash flow covers at least 20% of debt $6.0bn of operating cash flow against $26.6bn of debt.
✕Operating profit covers interest at least five times over Operating income of $5.6bn against $1.3bn of interest.
From Mplx LP's latest balance sheet as filed. Checks are fixed, documented rules
(methodology), counted only where the company reports
the figures — a dot means the filing doesn't break the item out. Descriptions of reported
data, not advice.
Dividends, buybacks and capital spending
FY2026 Q3 TTM
Buybacks (TTM)
$250M
Returned to shareholders
8%
of free cash flow
Buybacks, last 3 fiscal years
$726M
Total shareholder yield
0.4%
dividends 0.0% + buybacks 0.4% of market value
Days sales outstanding
22 days
receivables vs revenue
Competitors: side by side with peers
Closest by revenue in oil & gas storage & transportation
Median of all 29 companies we cover in oil & gas storage & transportation. Shaded:
best of the six on that line (lowest for stock pay and share-count growth). 3-year figures
average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.
Peer comparison
29 oil & gas storage & transportation companies
Measures ranked against peers
Measure
Company
Peer median
Rank
Revenue growth Growth
3.1%
8.8%
21 of 29
Change in growth rate Growth
-5.6pp
+0.1pp
22 of 29
Operating margin Profitability
42.0%
28.1%
6 of 27
Net margin Profitability
32.9%
13.1%
3 of 29
Free-cash-flow margin Cash generation
23.6%
13.6%
8 of 28
Long-term debt as % of assets Balance sheet
60.2%
46.2%
20 of 26
Days sales outstanding Balance sheet
22 days
43 days
5 of 18
Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).
Where the revenue comes from
Fiscal year to December 31, 2025
Segments
Line of business
Revenue
YoY
Natural Gas and NGL Services
$4.9B
▲ 5.6%
Crude Oil and Products Logistics
$4.8B
▲ 6.1%
These categories overlap or exclude eliminations, so shares aren't shown.
From Mplx LP's 10-K filed February 26, 2026, as tagged in the filing.
View filing. Indented rows are part of the
line above; their share is of that line. In the bars, the
faint bar behind is the year before.
Top buyers and sellers, Q2 2026: 293 institutions
bought and 202 sold
; the biggest buyer was Alps Advisors Inc (+1.5M shares) and the biggest seller Tortoise Capital Advisors, L.L.C (−2.8M). See which funds bought and sold →
Largest reported holders, June 30, 2026
Manager
Value
Shares
Share of 13F value
Shares QoQ
Alps Advisors Inc
$1.6B
28.6M
15.0%
▲ 5.7%
Invesco Ltd.
$1B
18.3M
9.6%
0.0%
Blackstone Inc.
$730M
13.0M
6.8%
▼ 15.6%
Goldman Sachs Group Inc
$638M
11.3M
5.9%
▼ 9.4%
Tortoise Capital Advisors, L.L.C.
$591M
10.5M
5.5%
▼ 20.8%
Mirae Asset Global Etfs Holdings Ltd.
$451M
8.0M
4.2%
▲ 9.5%
Kayne Anderson Capital Advisors LP
$330M
5.9M
3.1%
▼ 14.1%
Energy Income Partners, LLC
$303M
5.4M
2.8%
▲ 4.3%
Morgan Stanley
$297M
5.3M
2.8%
▲ 6.3%
UBS Group AG
$296M
5.3M
2.8%
▲ 0.5%
FMR LLC
$221M
3.9M
2.1%
▲ 16.7%
Jpmorgan Chase & Co
$193M
3.4M
1.8%
▼ 17.1%
From Form 13F filings with the SEC (
quarterly data sets), as reported by each
manager for June 30, 2026 and filed up to 45 days later. 13F reports cover
long US-listed positions of managers above $100M only, so this is not Mplx LP's complete
shareholder register. Values are as reported by the filers
; 1 inconsistently scaled filing rows were excluded.
No open-market insider trades reported in the last 12 months.
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares
withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule
10b5-1 plan. See every insider trade since five years ago, on a price chart.
Mplx LP is a US-listed company in the oil & gas storage & transportation industry. Its financial year ends in December.
What is Mplx LP's stock ticker?
Mplx LP trades under the ticker MPLX on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Mplx LP's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Mplx LP reported revenue of $13.2B, 3.1% higher than a year earlier, according to its SEC filings.
What is Mplx LP's free cash flow?
Mplx LP's free-cash-flow margin is 23.6% of revenue over the trailing twelve months, ranking 8 of the 28 oil & gas storage & transportation companies we cover.
What is Mplx LP's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Mplx LP's free cash flow after stock-based pay gives ~$77 per share in the base case, and ~$51–$110 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Mplx LP's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Alps Advisors Inc, Invesco Ltd. and Blackstone Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Who are Mplx LP's competitors?
In our Oil & Gas Storage & Transportation peer group, the companies closest to Mplx LP are Williams Companies, Cheniere Energy Partners, L.p., TC Energy Corp, Targa Resources and Kinder Morgan. The side-by-side comparison below sets their revenue, margins and growth against Mplx LP's.
When is Mplx LP's next earnings date?
Around November 3, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Mplx LP announces its own schedule.
Follow research on Mplx LP
New research on the companies we cover arrives in the weekly email. Free, one email a week.
