MPLX LP (MPLX) Stock Forecast, Price Target & Predictions
MPLX Stock Forecast
MPLX LP stock forecast is as follows: an average price target of $38.30 (represents a -12.68% downside from MPLX’s last price of $43.86) and a rating consensus of 'Buy', based on 7 wall street analysts offering a 1-year stock forecast.
MPLX Price Target
The average price target for MPLX LP (MPLX) is $38.30 based on 1-year price targets from 7 Wall Street analysts in the past 3 months, with a price target range of $45.00 to $34.00. This represents a potential -12.68% downside from MPLX's last price of $43.86.
MPLX Analyst Ratings
According to 7 Wall Street analysts, MPLX LP's rating consensus is 'Buy'. The analyst rating breakdown for MPLX stock is 0 'Strong Buy' (0.00%), 5 'Buy' (71.43%), 2 'Hold' (28.57%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
MPLX LP Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jul 12, 2024 | Theresa Chen | Barclays | $45.00 | $41.81 | 7.63% | 2.60% |
| Feb 07, 2023 | - | Citigroup | $35.00 | $33.86 | 3.37% | -20.20% |
| Feb 01, 2023 | - | Raymond James | $41.00 | $34.92 | 17.41% | -6.52% |
| Jan 09, 2023 | - | Morgan Stanley | $41.00 | $33.77 | 21.41% | -6.52% |
| Dec 09, 2022 | - | Citigroup | $33.50 | $31.75 | 5.51% | -23.62% |
| Jul 26, 2022 | James Carreker | US Capital Advisors | $34.00 | $31.25 | 8.80% | -22.48% |
| Jul 08, 2022 | - | UBS | $40.00 | $28.99 | 37.98% | -8.80% |
| May 02, 2022 | Neal Dingmann | Truist Financial | $37.00 | $32.59 | 13.53% | -15.64% |
| Apr 28, 2022 | - | Wells Fargo | $41.00 | $32.47 | 26.27% | -6.52% |
| Apr 26, 2022 | - | Morgan Stanley | $39.00 | $32.74 | 19.12% | -11.08% |
The latest MPLX LP stock forecast, released on Jul 12, 2024 by Theresa Chen from Barclays, set a price target of $45.00, which represents a 7.63% increase from the stock price at the time of the forecast ($41.81), and a 2.60% increase from MPLX last price ($43.86).
MPLX LP Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 1 |
| Avg Price Target | - | $45.00 | $45.00 |
| Last Closing Price | $43.86 | $43.86 | $43.86 |
| Upside/Downside | -100.00% | 2.60% | 2.60% |
In the current month, the average price target of MPLX LP stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to MPLX LP's last price of $43.86. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 16, 2024 | Wells Fargo | Outperform | Outperform | Hold |
| Sep 16, 2024 | RBC Capital | Underperform | Underperform | Hold |
| Jul 12, 2024 | Barclays | Overweight | Overweight | Hold |
| Apr 05, 2024 | Barclays | Overweight | Overweight | Hold |
| Feb 07, 2023 | Citigroup | Neutral | Neutral | Hold |
| Feb 01, 2023 | Raymond James | Outperform | Outperform | Hold |
| Jan 09, 2023 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Jan 09, 2023 | Wolfe Research | - | Outperform | Upgrade |
| Dec 09, 2022 | Citigroup | - | Neutral | Initialise |
| Jul 08, 2022 | UBS | Buy | Buy | Hold |
MPLX LP's last stock rating was published by Wells Fargo on Sep 16, 2024. The company gave MPLX a "Outperform" rating, the same as its previous rate.
MPLX LP Financial Forecast
MPLX LP Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $2.80B | $2.91B | - | $2.55B | $2.50B | $2.74B | - | $2.50B | $2.59B | $2.44B | $2.30B | $2.20B | $2.11B | $2.10B | $1.93B | $2.11B | $2.25B | $2.15B |
| Avg Forecast | $3.10B | $3.15B | $3.10B | $2.96B | $3.18B | $3.16B | $3.14B | $3.08B | $3.12B | $3.10B | $2.96B | $2.89B | $2.88B | $2.79B | $2.66B | $2.55B | $2.59B | $2.83B | $2.56B | $2.42B | $2.42B | $2.35B | $2.22B | $2.10B | $2.12B | $2.07B | $1.92B | $2.20B | $2.22B | $2.20B |
| High Forecast | $3.31B | $3.37B | $3.32B | $3.17B | $3.41B | $3.39B | $3.36B | $3.30B | $3.34B | $3.17B | $3.17B | $3.10B | $2.96B | $2.90B | $2.85B | $2.73B | $2.77B | $3.03B | $2.56B | $2.52B | $2.51B | $2.44B | $2.31B | $2.18B | $2.21B | $2.15B | $2.00B | $2.28B | $2.31B | $2.28B |
| Low Forecast | $2.95B | $3.00B | $2.95B | $2.82B | $3.03B | $3.01B | $2.99B | $2.93B | $2.97B | $2.98B | $2.82B | $2.76B | $2.82B | $2.46B | $2.54B | $2.43B | $2.46B | $2.69B | $2.56B | $2.30B | $2.30B | $2.23B | $2.11B | $2.00B | $2.02B | $1.97B | $1.83B | $2.09B | $2.11B | $2.09B |
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 3 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 10 | 14 | 8 | 8 | 10 | 13 | 7 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.97% | 1.04% | - | 1.00% | 0.97% | 0.97% | - | 1.03% | 1.07% | 1.04% | 1.03% | 1.05% | 0.99% | 1.01% | 1.00% | 0.96% | 1.01% | 0.98% |
MPLX LP's average Quarter revenue forecast for Mar 24 based on 1 analysts is $2.89B, with a low forecast of $2.76B, and a high forecast of $3.10B. MPLX's average Quarter revenue forecast represents a 3.23% increase compared to the company's last Quarter revenue of $2.80B (Dec 23).
MPLX LP EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 3 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 10 | 14 | 8 | 8 | 10 | 13 | 7 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $1.52B | $1.45B | - | $1.20B | $1.06B | $1.96B | - | $1.35B | $147.00M | $1.32B | $1.22B | $1.27B | $1.28B | $1.22B | $1.18B | $-2.19B | $-31.00M | $1.34B |
| Avg Forecast | $1.31B | $1.33B | $1.31B | $1.25B | $1.35B | $1.34B | $1.33B | $1.30B | $1.32B | $1.31B | $1.25B | $1.61B | $1.22B | $1.18B | $1.13B | $1.46B | $1.09B | $1.40B | $1.08B | $1.33B | $141.12M | $1.27B | $1.22B | $1.17B | $1.30B | $1.16B | $960.00M | $-13.06B | $-34.05M | $1.34B |
| High Forecast | $1.40B | $1.42B | $1.40B | $1.34B | $1.44B | $1.43B | $1.42B | $1.39B | $1.41B | $1.34B | $1.34B | $1.93B | $1.25B | $1.23B | $1.21B | $1.75B | $1.17B | $1.68B | $1.08B | $1.59B | $169.34M | $1.52B | $1.47B | $1.40B | $1.56B | $1.39B | $1.15B | $-10.45B | $-27.24M | $1.61B |
| Low Forecast | $1.25B | $1.27B | $1.25B | $1.19B | $1.28B | $1.27B | $1.26B | $1.24B | $1.25B | $1.26B | $1.19B | $1.29B | $1.19B | $1.04B | $1.07B | $1.17B | $1.04B | $1.12B | $1.08B | $1.06B | $112.90M | $1.02B | $976.80M | $933.16M | $1.04B | $924.76M | $768.00M | $-15.68B | $-40.86M | $1.07B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.25% | 1.23% | - | 0.82% | 0.97% | 1.40% | - | 1.02% | 1.04% | 1.04% | 1.00% | 1.09% | 0.98% | 1.05% | 1.23% | 0.17% | 0.91% | 1.00% |
1 analysts predict MPLX's average Quarter EBITDA for Mar 24 to be $1.61B, with a high of $1.93B and a low of $1.29B. This is 5.75% upper than MPLX LP's previous annual EBITDA (Dec 23) of $1.52B.
MPLX LP Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 3 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 10 | 14 | 8 | 8 | 10 | 13 | 7 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $1.13B | $928.00M | - | $943.00M | $816.00M | $1.41B | - | $825.00M | $620.00M | $802.00M | $706.00M | $739.00M | $691.00M | $665.00M | $648.00M | $-2.72B | $-581.00M | $629.00M |
| Avg Forecast | $1.20B | $1.25B | $1.22B | $1.12B | $1.13B | $1.12B | $1.09B | $1.06B | $1.08B | $1.07B | $999.03M | $985.29M | $966.59M | $993.16M | $905.47M | $895.71M | $860.31M | $844.92M | $820.40M | $814.29M | $796.80M | $768.11M | $706.00M | $680.35M | $701.80M | $630.60M | $528.98M | $-16.29B | $-638.15M | $629.00M |
| High Forecast | $1.31B | $1.37B | $1.33B | $1.22B | $1.23B | $1.22B | $1.19B | $1.15B | $1.18B | $1.17B | $1.09B | $1.18B | $1.05B | $1.06B | $988.60M | $1.07B | $939.29M | $1.01B | $820.40M | $977.14M | $956.16M | $921.74M | $847.20M | $816.42M | $842.16M | $756.72M | $634.78M | $-13.03B | $-510.52M | $754.80M |
| Low Forecast | $1.13B | $1.18B | $1.14B | $1.05B | $1.06B | $1.05B | $1.03B | $989.42M | $1.01B | $997.97M | $936.66M | $788.23M | $905.55M | $961.13M | $848.94M | $716.57M | $806.60M | $675.94M | $820.40M | $651.43M | $637.44M | $614.49M | $564.80M | $544.28M | $561.44M | $504.48M | $423.18M | $-19.54B | $-765.78M | $503.20M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.17% | 0.93% | - | 1.05% | 0.95% | 1.67% | - | 1.01% | 0.78% | 1.04% | 1.00% | 1.09% | 0.98% | 1.05% | 1.23% | 0.17% | 0.91% | 1.00% |
MPLX LP's average Quarter net income forecast for Mar 24 is $985.29M, with a range of $788.23M to $1.18B. MPLX's average Quarter net income forecast represents a -13.11% decrease compared to the company's last Quarter net income of $1.13B (Dec 23).
MPLX LP SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 3 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 10 | 14 | 8 | 8 | 10 | 13 | 7 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $99.00M | $102.00M | - | $89.00M | $87.00M | $88.00M | - | $78.00M | $86.00M | $94.00M | $87.00M | $86.00M | $89.00M | $96.00M | $96.00M | $63.00M | $88.00M | $98.00M |
| Avg Forecast | $120.18M | $122.13M | $120.48M | $114.95M | $123.61M | $122.82M | $121.87M | $119.63M | $121.05M | $120.37M | $114.80M | $93.15M | $111.70M | $108.40M | $103.44M | $84.69M | $100.45M | $99.03M | $99.25M | $76.99M | $82.56M | $90.03M | $87.00M | $79.17M | $90.39M | $91.03M | $78.37M | $376.65M | $96.66M | $98.00M |
| High Forecast | $128.66M | $130.75M | $128.98M | $123.06M | $132.34M | $131.50M | $130.48M | $128.08M | $129.60M | $123.13M | $122.91M | $111.79M | $114.74M | $112.74M | $110.75M | $101.62M | $107.54M | $118.84M | $99.25M | $92.38M | $99.07M | $108.03M | $104.40M | $95.01M | $108.47M | $109.24M | $94.04M | $451.98M | $115.99M | $117.60M |
| Low Forecast | $114.41M | $116.26M | $114.69M | $109.42M | $117.67M | $116.92M | $116.02M | $113.88M | $115.24M | $115.65M | $109.29M | $74.52M | $109.42M | $95.64M | $98.47M | $67.75M | $95.63M | $79.22M | $99.25M | $61.59M | $66.05M | $72.02M | $69.60M | $63.34M | $72.31M | $72.83M | $62.69M | $301.32M | $77.32M | $78.40M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.89% | 0.94% | - | 1.05% | 0.87% | 0.89% | - | 1.01% | 1.04% | 1.04% | 1.00% | 1.09% | 0.98% | 1.05% | 1.23% | 0.17% | 0.91% | 1.00% |
MPLX LP's average Quarter SG&A projection for Mar 24 is $93.15M, based on 1 Wall Street analysts, with a range of $74.52M to $111.79M. The forecast indicates a -5.90% fall compared to MPLX last annual SG&A of $99.00M (Dec 23).
MPLX LP EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 3 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 10 | 14 | 8 | 8 | 10 | 13 | 7 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $1.13 | $0.89 | - | $0.91 | $0.78 | $1.36 | - | $0.78 | $0.61 | $0.74 | $0.66 | $0.68 | $0.63 | $0.61 | $0.58 | $-2.60 | $-0.58 | $0.61 |
| Avg Forecast | $1.18 | $1.23 | $1.20 | $1.09 | $1.11 | $1.09 | $1.07 | $1.03 | $1.06 | $1.05 | $0.98 | $0.98 | $0.95 | $0.97 | $0.89 | $0.83 | $0.84 | $0.82 | $0.81 | $0.77 | $0.75 | $0.72 | $0.66 | $0.61 | $0.63 | $0.58 | $0.48 | $0.56 | $0.62 | $0.61 |
| High Forecast | $1.29 | $1.34 | $1.31 | $1.19 | $1.21 | $1.20 | $1.17 | $1.13 | $1.15 | $1.15 | $1.07 | $1.07 | $1.03 | $1.04 | $0.97 | $0.91 | $0.92 | $0.90 | $0.81 | $0.80 | $0.79 | $0.76 | $0.69 | $0.65 | $0.67 | $0.61 | $0.51 | $0.59 | $0.65 | $0.64 |
| Low Forecast | $1.11 | $1.15 | $1.12 | $1.02 | $1.04 | $1.03 | $1.01 | $0.97 | $0.99 | $0.98 | $0.92 | $0.92 | $0.89 | $0.94 | $0.83 | $0.78 | $0.79 | $0.77 | $0.81 | $0.72 | $0.70 | $0.67 | $0.62 | $0.58 | $0.59 | $0.54 | $0.45 | $0.52 | $0.58 | $0.57 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.19% | 0.91% | - | 1.10% | 0.92% | 1.65% | - | 1.02% | 0.81% | 1.03% | 1.00% | 1.11% | 1.00% | 1.05% | 1.20% | -4.65% | -0.93% | 1.01% |
According to 1 Wall Street analysts, MPLX LP's projected average Quarter EPS for Mar 24 is $0.98, with a low estimate of $0.92 and a high estimate of $1.07. This represents a -13.38% decrease compared to MPLX previous annual EPS of $1.13 (Dec 23).
MPLX LP Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| ENB | Enbridge | $40.82 | $44.17 | 8.21% | Hold |
| EPD | Enterprise Products Partners | $29.52 | $30.50 | 3.32% | Buy |
| ET | Energy Transfer LP | $16.02 | $16.00 | -0.12% | Buy |
| KMI | Kinder Morgan | $21.56 | $20.57 | -4.59% | Hold |
| WES | Western Midstream Partners, LP | $40.05 | $37.67 | -5.94% | Hold |
| HESM | Hess Midstream LP | $36.95 | $34.33 | -7.09% | Hold |
| PAA | Plains All American Pipeline | $17.79 | $15.58 | -12.42% | Hold |
| MPLX | MPLX LP | $43.86 | $38.30 | -12.68% | Buy |
| OKE | ONEOK | $94.66 | $79.00 | -16.54% | Buy |
| AM | Antero Midstream | $15.05 | $12.50 | -16.94% | Buy |
MPLX Forecast FAQ
Is MPLX LP a good buy?
Yes, according to 7 Wall Street analysts, MPLX LP (MPLX) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 5 'Buy' recommendations, accounting for 71.43% of MPLX's total ratings.
What is MPLX's price target?
MPLX LP (MPLX) average price target is $38.3 with a range of $34 to $45, implying a -12.68% from its last price of $43.86. The data is based on 7 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will MPLX LP stock go up soon?
According to Wall Street analysts' prediction for MPLX stock, the company can go down by -12.68% (from the last price of $43.86 to the average price target of $38.3), up by 2.60% based on the highest stock price target, and down by -22.48% based on the lowest stock price target.
Can MPLX LP stock reach $70?
MPLX's average twelve months analyst stock price target of $38.3 does not support the claim that MPLX LP can reach $70 in the near future.
What are MPLX LP's analysts' financial forecasts?
MPLX LP's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $12.57B (high $13.46B, low $11.97B), average EBITDA is $5.31B (high $5.69B, low $5.06B), average net income is $4.39B (high $4.8B, low $4.12B), average SG&A $487.93M (high $522.39M, low $464.5M), and average EPS is $4.31 (high $4.7, low $4.04). MPLX's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $12.31B (high $13.18B, low $11.72B), average EBITDA is $5.2B (high $5.57B, low $4.95B), average net income is $4.79B (high $5.23B, low $4.5B), average SG&A $477.73M (high $511.46M, low $454.78M), and average EPS is $4.7 (high $5.13, low $4.41).
Did the MPLX's actual financial results beat the analysts' financial forecasts?
Based on MPLX LP's last annual report (Dec 2023), the company's revenue was $10.68B, which missed the average analysts forecast of $10.89B by -1.91%. Apple's EBITDA was $5.51B, beating the average prediction of $4.98B by 10.65%. The company's net income was $3.93B, beating the average estimation of $3.76B by 4.44%. Apple's SG&A was $379M, missing the average forecast of $408.22M by -7.16%. Lastly, the company's EPS was $3.92, beating the average prediction of $3.64 by 7.72%. In terms of the last quarterly report (Dec 2023), MPLX LP's revenue was $2.8B, missing the average analysts' forecast of $2.88B by -2.56%. The company's EBITDA was $1.52B, beating the average prediction of $1.22B by 24.93%. MPLX LP's net income was $1.13B, beating the average estimation of $966.59M by 17.32%. The company's SG&A was $99M, missing the average forecast of $111.7M by -11.37%. Lastly, the company's EPS was $1.13, beating the average prediction of $0.948 by 19.24%