MPLX LP (MPLX) Stock Forecast, Price Target & Predictions

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MPLX Stock Forecast

MPLX LP stock forecast is as follows: an average price target of $39.09 (represents a -17.84% downside from MPLX’s last price of $47.58) 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 $39.09 based on 1-year price targets from 7 Wall Street analysts in the past 3 months, with a price target range of $49.00 to $34.00. This represents a potential -17.84% downside from MPLX's last price of $47.58.

MPLX Analyst Ratings

Buy

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
Oct 17, 2024	Jean Ann Salisbury	Bank of America Securities	$43.00	$44.47	-3.31%	-9.63%
Oct 10, 2024	Theresa Chen	Barclays	$49.00	$44.05	11.24%	2.98%
Jul 12, 2024	Theresa Chen	Barclays	$45.00	$41.81	7.63%	-5.42%
Feb 07, 2023	-	Citigroup	$35.00	$33.86	3.37%	-26.44%
Feb 01, 2023	-	Raymond James	$41.00	$34.92	17.41%	-13.83%
Jan 09, 2023	-	Morgan Stanley	$41.00	$33.77	21.41%	-13.83%
Dec 09, 2022	-	Citigroup	$33.50	$31.75	5.51%	-29.59%
Jul 26, 2022	James Carreker	US Capital Advisors	$34.00	$31.25	8.80%	-28.54%
Jul 08, 2022	-	UBS	$40.00	$28.99	37.98%	-15.93%
May 02, 2022	Neal Dingmann	Truist Financial	$37.00	$32.59	13.53%	-22.24%

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The latest MPLX LP stock forecast, released on Oct 17, 2024 by Jean Ann Salisbury from Bank of America Securities, set a price target of $43.00, which represents a -3.31% decrease from the stock price at the time of the forecast ($44.47), and a -9.63% decrease from MPLX last price ($47.58).

MPLX LP Price Target by Period

	1M	3M	12M
# Anlaysts	-	2	3
Avg Price Target	-	$46.00	$45.67
Last Closing Price	$47.58	$47.58	$47.58
Upside/Downside	-100.00%	-3.32%	-4.01%

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 $47.58. 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
Oct 16, 2024	RBC Capital	Outperform	Outperform	Hold
Oct 10, 2024	Wells Fargo	Buy	Buy	Hold
Oct 10, 2024	UBS	Underperform	Underperform	Hold
Oct 10, 2024	Barclays	Overweight	Overweight	Hold
Sep 16, 2024	RBC Capital	Underperform	Underperform	Hold
Sep 16, 2024	Wells Fargo	Outperform	Outperform	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

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MPLX LP's last stock rating was published by RBC Capital on Oct 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	Jun 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	$2.80B	$2.50B	$2.59B	$2.44B	$2.30B	$2.20B	$2.11B	$2.10B	$1.93B	$2.11B	$2.25B	$2.15B
Avg Forecast	$3.05B	$3.09B	$2.97B	$2.94B	$3.10B	$3.09B	$3.07B	$3.01B	$3.04B	$3.09B	$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	$3.13B	$3.17B	$3.05B	$3.02B	$3.18B	$3.17B	$3.15B	$3.05B	$3.10B	$3.10B	$2.96B	$2.89B	$2.96B	$2.90B	$2.74B	$2.62B	$2.66B	$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
Low Forecast	$2.99B	$3.03B	$2.91B	$2.89B	$3.04B	$3.03B	$3.01B	$2.97B	$3.00B	$3.09B	$2.96B	$2.89B	$2.82B	$2.46B	$2.62B	$2.51B	$2.54B	$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
# Analysts	1	1	1	1	1	1	1	3	3	1	1	1	3	5	4	4	3	3	3	3	4	4	4	4	4	5	9	6	4	4
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	0.97%	1.04%	-	1.00%	0.97%	0.97%	1.09%	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 $2.89B, and a high forecast of $2.89B. 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	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	1	1	1	1	1	1	1	3	3	1	1	1	3	5	4	4	3	3	3	3	4	4	4	4	4	5	9	6	4	4
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	$1.52B	$1.45B	-	$1.20B	$1.06B	$1.96B	$1.41B	$1.35B	$147.00M	$1.32B	$1.22B	$1.27B	$1.28B	$1.22B	$1.18B	$-2.19B	$-31.00M	$1.34B
Avg Forecast	$1.63B	$1.66B	$1.59B	$1.58B	$1.66B	$1.66B	$1.64B	$1.61B	$1.63B	$1.66B	$1.59B	$1.61B	$1.54B	$1.50B	$1.43B	$1.46B	$155.23M	$1.20B	$1.08B	$1.33B	$1.02B	$992.89M	$939.38M	$1.17B	$897.35M	$875.19M	$813.39M	$-13.06B	$939.07M	$928.84M
High Forecast	$1.68B	$1.70B	$1.63B	$1.62B	$1.71B	$1.70B	$1.69B	$1.64B	$1.66B	$1.66B	$1.59B	$1.93B	$1.58B	$1.56B	$1.47B	$1.75B	$186.28M	$1.20B	$1.08B	$1.59B	$1.02B	$992.89M	$939.38M	$1.40B	$897.35M	$875.19M	$813.39M	$-10.45B	$939.07M	$928.84M
Low Forecast	$1.60B	$1.63B	$1.56B	$1.55B	$1.63B	$1.63B	$1.61B	$1.59B	$1.61B	$1.65B	$1.59B	$1.29B	$1.51B	$1.32B	$1.40B	$1.17B	$124.19M	$1.20B	$1.08B	$1.06B	$1.02B	$992.89M	$939.38M	$933.16M	$897.35M	$875.19M	$813.39M	$-15.68B	$939.07M	$928.84M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	0.98%	0.97%	-	0.82%	6.83%	1.64%	1.30%	1.02%	0.14%	1.33%	1.30%	1.09%	1.43%	1.39%	1.45%	0.17%	-0.03%	1.44%

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	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	1	1	1	1	1	1	1	3	3	1	1	1	3	5	4	4	3	3	3	3	4	4	4	4	4	5	9	6	4	4
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	$1.13B	$928.00M	-	$943.00M	$816.00M	$1.41B	$871.00M	$825.00M	$620.00M	$802.00M	$706.00M	$739.00M	$691.00M	$665.00M	$648.00M	$-2.72B	$-581.00M	$629.00M
Avg Forecast	$1.22B	$1.27B	$1.23B	$1.12B	$1.13B	$1.13B	$1.10B	$1.06B	$1.08B	$1.07B	$999.03M	$985.29M	$966.59M	$993.16M	$905.47M	$895.71M	$876.48M	$840.94M	$830.17M	$814.29M	$766.40M	$732.80M	$671.52M	$680.35M	$645.50M	$592.04M	$494.59M	$-16.29B	$633.35M	$617.66M
High Forecast	$1.26B	$1.31B	$1.27B	$1.16B	$1.17B	$1.17B	$1.14B	$1.19B	$1.18B	$1.07B	$999.25M	$1.18B	$1.05B	$1.06B	$936.79M	$1.07B	$1.05B	$840.94M	$830.17M	$977.14M	$766.40M	$732.80M	$671.52M	$816.42M	$645.50M	$592.04M	$494.59M	$-13.03B	$633.35M	$617.66M
Low Forecast	$1.19B	$1.24B	$1.20B	$1.10B	$1.11B	$1.10B	$1.08B	$995.94M	$1.03B	$1.07B	$998.80M	$788.23M	$905.55M	$961.13M	$883.64M	$716.57M	$701.18M	$840.94M	$830.17M	$651.43M	$766.40M	$732.80M	$671.52M	$544.28M	$645.50M	$592.04M	$494.59M	$-19.54B	$633.35M	$617.66M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	1.17%	0.93%	-	1.05%	0.93%	1.68%	1.05%	1.01%	0.81%	1.09%	1.05%	1.09%	1.07%	1.12%	1.31%	0.17%	-0.92%	1.02%

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	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	1	1	1	1	1	1	1	3	3	1	1	1	3	5	4	4	3	3	3	3	4	4	4	4	4	5	9	6	4	4
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	$99.00M	$102.00M	-	$89.00M	$87.00M	$88.00M	$82.00M	$78.00M	$86.00M	$94.00M	$87.00M	$86.00M	$89.00M	$96.00M	$96.00M	$63.00M	$88.00M	$98.00M
Avg Forecast	$118.81M	$120.55M	$115.80M	$114.82M	$120.87M	$120.56M	$119.56M	$117.18M	$118.54M	$120.54M	$115.32M	$93.15M	$112.20M	$108.89M	$103.91M	$84.69M	$90.82M	$109.81M	$99.25M	$76.99M	$93.83M	$91.21M	$86.29M	$79.17M	$82.43M	$80.40M	$74.72M	$376.65M	$86.26M	$85.32M
High Forecast	$121.97M	$123.76M	$118.88M	$117.88M	$124.09M	$123.76M	$122.74M	$119.07M	$120.85M	$120.73M	$115.32M	$111.79M	$115.26M	$113.25M	$106.67M	$101.62M	$108.98M	$109.81M	$99.25M	$92.38M	$93.83M	$91.21M	$86.29M	$95.01M	$82.43M	$80.40M	$74.72M	$451.98M	$86.26M	$85.32M
Low Forecast	$116.60M	$118.32M	$113.65M	$112.69M	$118.63M	$118.32M	$117.34M	$115.66M	$117.00M	$120.36M	$115.32M	$74.52M	$109.91M	$96.07M	$101.98M	$67.75M	$72.65M	$109.81M	$99.25M	$61.59M	$93.83M	$91.21M	$86.29M	$63.34M	$82.43M	$80.40M	$74.72M	$301.32M	$86.26M	$85.32M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	0.88%	0.94%	-	1.05%	0.96%	0.80%	0.83%	1.01%	0.92%	1.03%	1.01%	1.09%	1.08%	1.19%	1.28%	0.17%	1.02%	1.15%

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	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	1	1	1	1	1	1	1	3	3	1	1	1	3	5	4	4	3	3	3	3	4	4	4	4	4	5	9	6	4	4
EPS	-	-	-	-	-	-	-	-	-	-	-	-	$1.13	$0.89	-	$0.91	$0.78	$1.36	$0.83	$0.78	$0.61	$0.74	$0.66	$0.68	$0.63	$0.61	$0.58	$-2.60	$-0.58	$0.61
Avg Forecast	$1.19	$1.25	$1.21	$1.10	$1.11	$1.11	$1.08	$1.04	$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	$1.23	$1.29	$1.25	$1.14	$1.15	$1.15	$1.12	$1.17	$1.16	$1.05	$0.98	$0.98	$1.03	$1.04	$0.92	$0.86	$0.87	$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
Low Forecast	$1.16	$1.22	$1.18	$1.08	$1.08	$1.08	$1.05	$0.98	$1.01	$1.04	$0.98	$0.98	$0.89	$0.94	$0.87	$0.81	$0.82	$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
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	1.19%	0.91%	-	1.10%	0.92%	1.65%	1.02%	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 $0.98 and a high estimate of $0.98. 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	$42.79	$44.17	3.23%	Hold
WES	Western Midstream Partners, LP	$37.44	$38.17	1.95%	Hold
EPD	Enterprise Products Partners	$31.79	$31.36	-1.35%	Buy
HESM	Hess Midstream LP	$36.07	$34.33	-4.82%	Hold
PAA	Plains All American Pipeline	$17.56	$15.77	-10.19%	Hold
ET	Energy Transfer LP	$18.28	$16.40	-10.28%	Buy
AM	Antero Midstream	$15.43	$13.17	-14.65%	Buy
MPLX	MPLX LP	$47.58	$39.09	-17.84%	Buy
KMI	Kinder Morgan	$28.00	$22.30	-20.36%	Buy
OKE	ONEOK	$113.16	$83.14	-26.53%	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 $39.09 with a range of $34 to $49, implying a -17.84% from its last price of $47.58. 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 -17.84% (from the last price of $47.58 to the average price target of $39.09), up by 2.98% based on the highest stock price target, and down by -28.54% based on the lowest stock price target.

Can MPLX LP stock reach $70?

MPLX's average twelve months analyst stock price target of $39.09 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 $12.26B (high $12.56B, low $12.05B), average EBITDA is $6.57B (high $6.73B, low $6.46B), average net income is $4.43B (high $4.67B, low $4.28B), average SG&A $478.16M (high $489.67M, low $469.95M), and average EPS is $4.34 (high $4.58, low $4.2). MPLX's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $12.05B (high $12.37B, low $11.83B), average EBITDA is $6.46B (high $6.63B, low $6.34B), average net income is $4.84B (high $5.01B, low $4.72B), average SG&A $469.98M (high $482.49M, low $461.27M), and average EPS is $4.75 (high $4.91, low $4.63).

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, missing the average prediction of $5.93B by -6.99%. 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 $409.69M by -7.49%. 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, missing the average prediction of $1.54B by -1.50%. 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 $112.2M by -11.77%. Lastly, the company's EPS was $1.13, beating the average prediction of $0.948 by 19.24%