MPLX has high distribution coverage, EBITDA growth, and raised its distribution by more than 12% in FY 2024, making it an attractive midstream investment. The company's $2.0B capital framework for FY 2025, with $1.7B for natural gas and NGL projects, promises significant growth. MPLX recently completed the acquisition of the BANGL system, which boosts the firm's distributable growth prospects.
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In the closing of the recent trading day, MPLX LP (MPLX) stood at $53.89, denoting a +0.35% change from the preceding trading day.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Does MPLX LP (MPLX) have what it takes to be a top stock pick for momentum investors? Let's find out.
In the closing of the recent trading day, MPLX LP (MPLX) stood at $54.35, denoting a -0.18% change from the preceding trading day.
MPLX, formed by Marathon Petroleum, has grown into a major midstream player with strong profitability metrics and a significant presence in natural gas, NGLs, and crude oil. The company's "NGL wellhead to water strategy" aims to integrate its NGL system, requiring $2.5B in CapEx with mid-teens returns. Despite high valuation metrics, MPLX excels in profitability, boasting top-tier gross, EBITDA, and net margins, and a 6.8% distribution yield.
In the closing of the recent trading day, MPLX LP (MPLX) stood at $52.38, denoting a -1.36% change from the preceding trading day.
12.5%+ Distribution Growth: Why MPLX can keep this pace for years. How MPLX is positioned for huge tailwinds. Why cash flow security is stronger than ever.
MPLX LP (MPLX) reported earnings 30 days ago. What's next for the stock?
In the most recent trading session, MPLX LP (MPLX) closed at $53.04, indicating a -0.06% shift from the previous trading day.
MPLX LP states that the acquisition of the remaining 55% stake in BANGL should be immediately accretive to key financial metrics. The move is expected to generate strong returns for the partnership.