Analysts Set Expectations for Mplx’s Q2 Earnings (NYSE:MPLX)

Mplx Lp (NYSE:MPLX) – Stock analysts at US Capital Advisors raised their Q2 2026 earnings per share estimates for Mplx in a research report issued to clients and investors on Friday, May 29th. US Capital Advisors analyst J. Carreker now anticipates that the pipeline company will post earnings per share of $1.01 for the quarter, up from their previous estimate of $1.00. The consensus estimate for Mplx’s current full-year earnings is $4.22 per share. US Capital Advisors also issued estimates for Mplx’s Q4 2026 earnings at $1.04 EPS.

Mplx (NYSE:MPLX) last posted its quarterly earnings results on Tuesday, May 5th. The pipeline company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.15). The business had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $3.09 billion. Mplx had a return on equity of 32.74% and a net margin of 36.38%.The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.10 earnings per share.

MPLX has been the topic of several other reports. Truist Financial reduced their target price on Mplx from $67.00 to $66.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. Citigroup increased their price target on Mplx from $54.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. Wells Fargo & Company cut their price target on Mplx from $63.00 to $61.00 and set an “overweight” rating for the company in a report on Thursday, May 7th. UBS Group lifted their price objective on Mplx from $64.00 to $73.00 and gave the stock a “buy” rating in a research note on Monday, March 16th. Finally, Wall Street Zen cut Mplx from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $61.60.

Mplx Stock Up 1.1%

Shares of MPLX stock opened at $55.59 on Wednesday. The company’s fifty day simple moving average is $55.95 and its two-hundred day simple moving average is $55.64. Mplx has a 52 week low of $47.80 and a 52 week high of $59.98. The stock has a market cap of $56.41 billion, a P/E ratio of 12.03, a PEG ratio of 5.28 and a beta of 0.48. The company has a quick ratio of 1.05, a current ratio of 1.10 and a debt-to-equity ratio of 1.71.

Hedge Funds Weigh In On Mplx

Several hedge funds have recently added to or reduced their stakes in MPLX. Axiom Investment Management LLC purchased a new stake in shares of Mplx in the first quarter worth approximately $46,000. Wellington Grp LLC lifted its position in shares of Mplx by 57.2% during the first quarter. Wellington Grp LLC now owns 9,675 shares of the pipeline company’s stock worth $552,000 after purchasing an additional 3,519 shares during the last quarter. Western Wealth Management LLC purchased a new stake in shares of Mplx during the first quarter valued at $65,000. Opal Capital LLC boosted its stake in shares of Mplx by 5.3% during the first quarter. Opal Capital LLC now owns 231,535 shares of the pipeline company’s stock valued at $13,214,000 after purchasing an additional 11,746 shares during the period. Finally, Royal Bank of Canada grew its holdings in shares of Mplx by 45.5% in the first quarter. Royal Bank of Canada now owns 1,151,905 shares of the pipeline company’s stock worth $65,739,000 after purchasing an additional 360,427 shares during the last quarter. 24.25% of the stock is currently owned by institutional investors.

Mplx Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 8th were issued a $1.0765 dividend. This represents a $4.31 annualized dividend and a dividend yield of 7.7%. The ex-dividend date was Friday, May 8th. Mplx’s dividend payout ratio (DPR) is 93.07%.

About Mplx

MPLX LP (NYSE: MPLX) is a midstream master limited partnership that owns, operates and develops energy infrastructure primarily across the United States. The company provides a range of midstream services including the gathering, transportation, storage and distribution of crude oil, refined petroleum products, natural gas and natural gas liquids (NGLs). MPLX also operates processing and fractionation facilities and supplies logistics services that connect producers, refiners and end-use markets.

The partnership’s asset base includes pipelines, storage terminals, rail and marine facilities, natural gas processing plants and NGL fractionators.