Raymond James reiterated coverage on MPLX with a new price target

$MPLX
Natural Gas Distribution
Energy
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Recent Analyst Ratings for
$MPLX

DatePrice TargetRatingAnalyst
10/17/2024$43.00Underperform
BofA Securities
10/6/2023$40.00Buy
Goldman
3/14/2023$37.00 → $41.00Neutral → Overweight
JP Morgan
1/9/2023$36.00Peer Perform → Outperform
Wolfe Research
12/9/2022$33.50Neutral
Citigroup
9/29/2022$34.00Buy → Underperform
BofA Securities
5/2/2022$37.00Buy
Truist
2/3/2022$35.00 → $37.00Outperform
Raymond James
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$MPLX
Press Releases

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  • MPLX LP 2024 K-1 tax packages now available on company website

    FINDLAY, Ohio, March 17, 2025 /PRNewswire/ -- MPLX LP (NYSE:MPLX) today announced that the company's 2024 investor tax packages are now available on its website, www.mplx.com. Investors may select the "Investor Data" link under the Investors tab, or use the following link: https://www.taxpackagesupport.com/mplx Additionally, MPLX plans to mail tax packages beginning March 21, 2025. Questions regarding the Tax Reporting Package for the year ended Dec. 31, 2024, can be addressed by calling 1-800-232-0011 (toll free). About MPLX LP  MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets and provides fuels distribu

    $MPLX
    Natural Gas Distribution
    Energy
  • MPLX LP to Report First-Quarter Results on May 6, 2025

    FINDLAY, Ohio, March 10, 2025 /PRNewswire/ -- MPLX LP (NYSE:MPLX) will host a conference call on Tuesday, May 6, 2025, at 9:30 a.m. EDT to discuss 2025 first-quarter financial results. Interested parties may listen to the conference call by visiting MPLX's website at www.mplx.com. A replay of the webcast will be available on MPLX's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.mplx.com. About MPLX LP  MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets and provides

    $MPLX
    Natural Gas Distribution
    Energy
  • MPLX LP prices $2.0 billion senior notes offering

    FINDLAY, Ohio, March 3, 2025 /PRNewswire/ -- MPLX LP (NYSE:MPLX) announced today that it has priced $2.0 billion in aggregate principal amount of unsecured senior notes in an underwritten public offering consisting of $1.0 billion aggregate principal amount of 5.400% senior notes due 2035 and $1.0 billion aggregate principal amount of 5.950% senior notes due 2055. MPLX intends to use the net proceeds from this offering to (i) repay, redeem or otherwise retire some or all of MPLX's outstanding $1,189 million aggregate principal amount of 4.875% senior notes due June 2025, (ii) repay, redeem or otherwise retire some or all of MarkWest's outstanding $11 million aggregate principal amount of 4.

    $MPLX
    Natural Gas Distribution
    Energy

$MPLX
Analyst Ratings

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$MPLX
Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

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$MPLX
SEC Filings

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$MPLX
Leadership Updates

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  • MPLX LP Announces Leadership Transition Effective August 1, 2024

    Maryann Mannen elected President and CEOMike Hennigan to transition to Executive Chairman of the Board of DirectorsFINDLAY, Ohio, May 13, 2024 /PRNewswire/ -- MPLX LP (NYSE:MPLX) today announced its leadership transition plan, effective August 1, 2024. At that time, Maryann T. Mannen, President of Marathon Petroleum Corporation (NYSE:MPC), will succeed Michael J. Hennigan as President and Chief Executive Officer of MPLX GP LLC, the general partner of MPLX. Mannen will continue to serve on the Board of Directors of the general partner of MPLX, and Hennigan will assume the role of Executive Chairman of the Board. Christopher A. Helms will continue as the Board's independent Lead Director. Hen

    $MPC
    $MPLX
    Integrated oil Companies
    Energy
    Natural Gas Distribution
  • WHISTLER PIPELINE AND ENBRIDGE AGREE TO STRATEGIC COMBINATION OF WHISTLER AND RIO BRAVO NATURAL GAS ASSETS

    AUSTIN, Texas, March 26, 2024 /PRNewswire/ -- WhiteWater, I Squared, MPLX LP (NYSE:MPLX), and Enbridge Inc. (TSX:ENB) (NYSE:ENB) jointly announce they have entered into a definitive agreement to strategically combine the Whistler Pipeline and Rio Bravo Pipeline project in a newly formed joint venture. Enbridge will contribute its wholly-owned Rio Bravo Pipeline project and cash in exchange for an ownership stake in the newly formed joint venture. Following the closing of the transaction, the ownership in the joint venture will be WhiteWater/I Squared (50.6%), MPLX (30.4%), and

    $ENB
    $MPLX
    Natural Gas Distribution
    Energy

$MPLX
Financials

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  • MPLX LP to Report First-Quarter Results on May 6, 2025

    FINDLAY, Ohio, March 10, 2025 /PRNewswire/ -- MPLX LP (NYSE:MPLX) will host a conference call on Tuesday, May 6, 2025, at 9:30 a.m. EDT to discuss 2025 first-quarter financial results. Interested parties may listen to the conference call by visiting MPLX's website at www.mplx.com. A replay of the webcast will be available on MPLX's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.mplx.com. About MPLX LP  MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets and provides

    $MPLX
    Natural Gas Distribution
    Energy
  • MPLX LP Progresses Gulf Coast NGL Strategy and Reports Full-Year 2024 Results

    FINDLAY, Ohio, Feb. 4, 2025 /PRNewswire/ -- Progresses Gulf Coast NGL strategy with announcement of fractionation complex and export terminalFull-year 2024 net income attributable to MPLX of $4.3 billion and adjusted EBITDA of $6.8 billion, up 10% and 8%, respectively, year over year$3.9 billion of capital returned to unitholders in 2024, reflecting 12.5% quarterly distribution increase and $326 million of unit repurchases2025 capital spending outlook of $2.0 billion, anticipating mid-teen returnsMPLX LP (NYSE:MPLX) today reported fourth-quarter 2024 net income attributable to MPLX of $1,099 million, compared with $1,134 million for the fourth quarter of 2023. Adjusted earnings before inter

    $MPC
    $MPLX
    $OKE
    Integrated oil Companies
    Energy
    Natural Gas Distribution
    Oil & Gas Production
  • MPLX LP to Report Fourth-Quarter and Full-Year Financial Results on February 4, 2025

    FINDLAY, Ohio, Dec. 11, 2024 /PRNewswire/ -- MPLX LP (NYSE:MPLX) will host a conference call on Tuesday, February 4, 2025, at 9:30 a.m. EST to discuss 2024 fourth-quarter and full-year financial results. Interested parties may listen to the conference call by visiting MPLX's website at www.mplx.com. A replay of the webcast will be available on MPLX's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.mplx.com. About MPLX LP  MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics

    $MPLX
    Natural Gas Distribution
    Energy

$MPLX
Large Ownership Changes

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