Stock Analysis
MPLX LPMPLX
P/E 12.37×· 5Y range 11.78–12.93×· 56th percentile of history
Sector: Industrials · Industry: Pipe Lines (No Natural Gas)
AnalystsBuy21 analystsP/E 12.4× sits at the 56th percentile of its 5.086926762491444-year history.
Cash covers 4% of debt · Q2 2026.
PMP Verdict
Mixed fundamentals, fairly valued
Strengths
- Profitability87
- Quality66
Risks
- Financial Health34
Mixed picture — no clear quality or value edge.
Bull Case
- ✓Piotroski F-Score 8/9 — high earnings quality
- ✓ROE 33.4% — efficient capital deployment
What's happening with MPLX
Profile
Strong profitability; financial health lags behind.
How is each axis scored?
- Valuation72/100 · Moderate
- P/E vs own history (56th pct)12/25
- FCF yield (5.7%)20/25
- P/S (4.4x)20/25
- EV/EBIT (14.3x)20/25
- Growth52/100 · Moderate
- Revenue CAGR (6.7%)12/25
- Net income CAGR (12.6%)20/25
- EPS CAGR 5Y (12.9%)20/25
- Fwd implied growth (-1.4%)0/25
- Profitability87/100 · Strong
- ROIC (11.8%)12/25
- ROE (33.4%)25/25
- Net margin (36.1%)25/25
- Operating margin (44.4%)25/25
- Financial Health34/100 · Weak
- Altman Z (1.56)10/25
- Current ratio (0.89)6/25
- Interest coverage (6.2x)18/25
- Net cash / debt (D/A 58%)0/25
- Quality66/100 · Moderate
- Piotroski F (8/9)25/25
- Beneish M (-2.42)20/25
- FCF conversion (70%)15/25
- Margin stability (σ 21.3%)6/25
- Moat50/100 · Moderate
- ROIC >12% years (2/10 yrs)0/25
- Median gross margin (72.9%)25/25
- FCF-positive years (10/10 yrs)25/25
- Worst-year net margin (worst -9.5%)0/25
Risk Flags
- ⚠Altman Z 1.6 — distress-zone balance sheet
About MPLX LP
MPLX is a partnership that owns pipelines and gathering and processing assets with extensive holdings in the Appalachian and Permian regions. Show more
The asset base is made up of crude oil and refined products assets dropped down from Marathon Petroleum, its sponsor, and natural gas and natural gas liquids gathering and processing assets that were purchased or built.
Headquarters: FINDLAY, OH · Employees: 5,762 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
72B+P/E (TTM)12.3xA
Grade A: CheapPrice / TTM EPS (own statements) — vs own 5Y history: 11.8x–12.9x · 56th pct
P/FCF17.4xB
Grade B: FairPrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative
FCF Yield5.7%A
Grade A: ValueTTM (OCF − CapEx) / Market Cap — vs own 5Y history: 5.4%–7.0% · 41st pct
P/S (TTM)4.44xB
Grade B: FairPrice / TTM Revenue (own statements) — vs own 5Y history: 4.3x–4.8x · 30th pct
EV/EBIT14.3xB
Grade B: FairEnterprise value / TTM EBIT (D&A not in our data) — capital-structure neutral — vs own 5Y history: 13.8x–15.7x · 25th pct
EV/Sales6.2xC
Grade C: ExpensiveEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E12.5xA
Grade A: CheapPrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio4.12xC
Grade C: ExpensivePrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio-12.72A
Grade A: CheapFinnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield7.35%C
Grade C: HighTTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio90.0%D
Grade D: UnsustainableDividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Profitability
87AROIC11.8%C
Grade C: AverageNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE33.4%A
Grade A: StrongReturn on Equity. Neg. equity = heavy buybacks
ROA11.0%A
Grade A: StrongReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin36.1%A
Grade A: HighNet Income / Revenue
Operating Margin44.4%A
Grade A: HighTTM EBIT / TTM Revenue
Gross Margin86.0%A
Grade A: PremiumGross Profit / Revenue
FCF Margin25.2%A
Grade A: HighFCF / Revenue
True FCF Margin25.2%A
Grade A: HighTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost
Growth
52CRevenue CAGR6.7%C
Grade C: OkCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR12.6%C
Grade C: OkCompound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)12.9%C
Grade C: OkCompound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth-1.4%D
Grade D: Decl.Analyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)—
Share count change over 5Y
SBC / Net Income—
Stock-based comp/Net income. >30% = dilution risk
SBC / Revenue—
TTM stock-based comp / TTM Revenue
Financial Health
34DAltman Z-Score1.56D
Grade D: DistressBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio0.89xD
Grade D: LowCurrent Assets/Liabilities
Quick Ratio0.83xC
Grade C: Ok(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage6.2xC
Grade C: OkEBIT/Interest. >10 Strong
Debt Repayment7.5yC
Grade C: AverageYears to repay net debt via FCF
Net Debt/EBIT4.3xD
Grade D: HighLeverage. <2x Low, >4x High
Debt/Equity1.83xC
Grade C: MedDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt0.04xD
Grade D: ThinCash covers how much of total debt. >1 = could repay all debt from cash
Quality
66BPiotroski F-Score8/9A
Grade A: StrongFinancial strength 0–9. >7 Strong
Beneish M-Score-2.42A
Grade A: SafeEarnings manipulation risk. < -2.22 Safe
FCF Conversion70.0%C
Grade C: AverageFCF / Net Income
Margin Stability21.3%D
Grade D: VolatileEBIT margin std deviation. Lower = stable
Capex / Revenue20.0%D
Grade D: HeavyTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover0.31xD
Grade D: LowRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 recordsP/S codes are the directional signal; grants, option exercises and tax withholding carry none. Form 4 doesn't flag 10b5-1 plans — scheduled sales may appear within open-market sells.
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Breves Christine S Filed | Breves Christine S | Grant / award | +219 | |
Peiffer Garry L. Filed | Peiffer Garry L. | Grant / award | +1.2K | |
STICE J MICHAEL Filed | STICE J MICHAEL | Grant / award | +983 | |
Walker Ray N JR Filed | Walker Ray N JR | Grant / award | +82 | |
SEMPLE FRANK M Filed | SEMPLE FRANK M | Grant / award | +1.1K |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
SURMA JOHN P Filed | SURMA JOHN P | Grant / award | +1.6K | |
HELMS CHRISTOPHER A Filed | HELMS CHRISTOPHER A | Grant / award | +1.3K | |
Breves Christine S Filed | Breves Christine S | Grant / award | +277 |
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
50CROIC >12% Years2/10 yrsD
Grade D: WeakShare of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)72.9%A
Grade A: DurableMedian annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years10/10 yrsA
Grade A: DurableShare of completed fiscal years with positive free cash flow
Net Margin Floor-9.5%D
Grade D: WeakWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)$4.70
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$1.02
Cash & short-term investments per share (Finnhub)
Book Value / Share$13.83
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt$26.13B
Total debt obligations (short + long term)
Cash & Equiv.$1.03B
Cash and short-term investments
Net Debt$25.10B
Total Debt minus Cash. Negative = Net Cash position
Total Equity$14.25B
Shareholders' equity (book value)
Asset / Liability1.50xC
Grade C: AdequateTotal Assets / Total Liabilities
Market
Market Cap$58.70B
Current Market Capitalization
Beta0.47B
Grade B: DefensivePrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Jun 2026 · Ratio snapshot Oct 17, 2026
Key Insights: MPLX LP (MPLX)
MPLX is up 1.82% at the last close. MPLX LP meets 8 of 9 Piotroski F-Score criteria, placing its fundamental strength in the top tier of US-listed stocks. Altman Z-Score of 1.56 is below the 1.81 distress threshold — an elevated financial-risk flag. Beneish M-Score of -2.42 suggests a low likelihood of earnings manipulation. MPLX LP converts about 25% of revenue into free cash flow — strong cash generation.
- Takes ~7.5 years to repay net debt from free cash flow.
- MPLX LP posted a net loss in 1 of 10 available completed fiscal years (2016–2025).
- At a valuation score of 72/100, MPLX trades near the cheapest end of its own historical range (P/E 12.3).
- Return on equity of 33.4% is well above the market average.
- The stock currently yields 7.3% in dividends.
See how MPLX ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all MPLX moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Sep 28 | Regular | 57.84 | +1.82% | 2.24 |
Frequently Asked Questions about MPLX
What is the current MPLX LP (MPLX) stock price?
MPLX is trading at $58.16 at the last market close, up 1.82% on the session. PreMarketPrice tracks MPLX pre-market, intraday and after-hours prices.
Is MPLX stock a buy right now?
PreMarketPrice's quantitative model rates MPLX LP's financial health at 34/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is MPLX stock overvalued?
MPLX LP trades at a trailing P/E of 12.3 and our valuation score rates it 72/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does MPLX LP report earnings?
No confirmed earnings date is currently scheduled for MPLX. The Earnings section lists recent reports and updates as dates are announced.
What sector does MPLX LP operate in?
MPLX LP operates in the Industrials sector, within the Pipe Lines (No Natural Gas) industry. The Related Stocks section lists sector peers for comparison.
What does MPLX LP do?
MPLX is a partnership that owns pipelines and gathering and processing assets with extensive holdings in the Appalachian and Permian regions.
About MPLX LP (MPLX) Stock
MPLX LP (MPLX) is a US-listed stock operating in the Industrials sector, specifically the Pipe Lines (No Natural Gas) industry. As of the latest update, MPLX LP is trading at $58.16, up 1.82% on the day with a market capitalization of $58.7 billion. The financial health score for MPLX is 34/100, which indicates weak financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for MPLX stock.
MPLX Stock Analysis & Key Metrics
On PreMarketPrice, you can track MPLX LP (MPLX) across multiple dimensions:
- Pre-market price & movement: Real-time MPLX stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for MPLX with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for MPLX LP across multiple reporting periods.
- Financial health score: A composite score of 34/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for MPLX.
- Sector peers: Compare MPLX against 6 other industrials stocks on key financial metrics.
Is MPLX a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate MPLX LP (MPLX) as an investment. The financial health score of 34/100 suggests weak financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.MPLX LP (MPLX) trades on NYSE/NASDAQ. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.