MPLX LP (MPLX) stock analysis
Close on Nov 11, 2026Market cap $57.56BP/E –Yield –
StockData Score
Prices as of Nov 11, 2026How the score works
Weak5 of 30 checks passed
Mplx Lp passes 5 of the 30 checks behind our score; 17 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 0/6
- Growth
- 1/6
- Past performance
- 0/6
- Financial health
- 1/6
- Dividend
- 3/6
What stands out
Debt covered by cash flow
Operating cash flow over the last twelve months equals 23.3% of total debt.
Guidance raised
Mplx Lp raised its 2026 growth capital spending outlook on Aug 4, 2026.
Pays a dividend
Mplx Lp paid dividends worth 5.7% of the share price over the last twelve months.
Yield above Treasuries
The 5.7% yield is above the 4.4% on a 1-year Treasury.
What to watch
Margin of safety under 20%
The price is 0.0% above fair value, so there is no margin of safety.
Trading above fair value
The share price of $56.77 is above our fair value estimate of $56.75.
Revenue growing under 10% a year
Revenue grew 3.8% a year over the last three fiscal years, short of the 10% we look for.
Interest not well covered
Operating income covers interest expense 4.8 times; we look for at least 5.
Valuation0/6
P/E against its history
Not enough price and earnings history to compare.
P/E against the industry
Needs positive earnings and enough profitable companies in the industry.
EV/EBITDA against its history
Needs positive EBITDA and price history.
P/S above the industry
Mplx Lp's price-to-sales of 4.35 is above the Industrials median of 1.27 (book value is negative, so we use sales).
Trading above fair value
The share price of $56.77 is above our fair value estimate of $56.75.
Margin of safety under 20%
The price is 0.0% above fair value, so there is no margin of safety.
Growth1/6
Revenue growing under 10% a year
Revenue grew 3.8% a year over the last three fiscal years, short of the 10% we look for.
EPS growth over 3 years
Needs positive EPS three years ago and today.
Earnings acceleration
Needs positive net income now, a year ago and five years ago.
Growing slower than the industry
Revenue grew 8.7% over the last twelve months; the Industrials median is 19.9%.
Guidance raised
Mplx Lp raised its 2026 growth capital spending outlook on Aug 4, 2026.
Gross margin trend
This company does not report gross profit.
Past performance0/6
Return on equity
Needs positive equity and five years of results.
Return on invested capital
Needs operating income and invested capital.
Return on equity against the industry
Needs positive equity.
Earnings over 5 years
Needs positive net income five years ago and in the latest year.
Net margin against its history
Needs five years of revenue and net income.
Net margin against the industry
Needs revenue and net income.
Financial health1/6
Debt level
Needs debt and equity figures.
Debt trend
Needs a balance sheet from five years ago with positive equity.
Debt covered by cash flow
Operating cash flow over the last twelve months equals 23.3% of total debt.
Interest not well covered
Operating income covers interest expense 4.8 times; we look for at least 5.
Short-term assets don't cover short-term debts
Current assets are 0.89 times current liabilities.
Bankruptcy risk in the grey zone
The Altman Z-score is 1.95; above 3 is the safe zone and below 1.8 the distress zone.
Dividend3/6
Pays a dividend
Mplx Lp paid dividends worth 5.7% of the share price over the last twelve months.
Yield above Treasuries
The 5.7% yield is above the 4.4% on a 1-year Treasury.
Yield in the top quarter
The top quarter of US dividend payers yield 3.8% or more; Mplx Lp yields 5.7%.
Dividend stability
Fewer than five years of dividend history.
Earnings cover
Needs dividends paid and net income.
Cash-flow cover
Needs dividends paid and free cash flow.
Fair value
How we estimate itOur estimate per share
$56.75
The share price is 0% above this estimate.
| Method | Multiple used | Own 5Y median | Industry median | Value per share | Weight |
|---|---|---|---|---|---|
| EV/EBITDA | 13.7× | – | 13.7× | $55.39 | 70% |
| Earnings power | 7.4% cost of equity | – | – | $59.92 | 30% |
| Fair value | $56.75 | 100% | |||
Valuation over time
Using the earnings and balance sheet published at each date, not today's.
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
Low risk
- Average value traded per day
- $91.01M
- Value traded per 1% price move
- $93.71M
Downside
Low risk
- Typical loss in a bad month
- 5.8%
- Volatility (annualized)
- 18%
- Sharpe ratio, 1 year
- 0.30
- Beta to the S&P 500 (5Y)
- 0.42
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2011 to 2025
Operating margin
Net margin
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +8.9% | +3.8% | +11.4% | +28.0% | |
| Operating income | +12.4% | +6.6% | +95.0% | – | |
| Free cash flow | -16.1% | -0.9% | +4.2% | +46.0% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on assets | 1.4% | -1.9% | – | |
| Current ratio | 1.14 | 0.73 | 1.23 | |
| Interest coverage | – | – | 5.5× | |
| Capex to revenue | 43.3% | 15.6% | 13.9% |
Where the cash went
Fiscal 2021 to 2025, five years combined
Mplx Lp generated $27.18B from operations and spent $6.98B on capital expenditure, dividends and share buybacks. 74% of that went back into the business.
DuPont needs revenue, assets and equity
This company does not report all three for consecutive years.
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
- ProfitableNet income above zero–
- Cash generatingOperating cash flow above zero$5.91B
- Return on assets improvedROA up on the prior year– → –
- Earnings backed by cashOperating cash flow above net income$5.91B vs –
- Less leverageLong-term debt to assets fell51.3% → 56.2%
- Better liquidityCurrent ratio rose1.01 → 1.23
- No dilutionShare count did not rise– → –
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.33 → 0.35
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