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 -11.80% downside from MPLX’s last price of $44.32) 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 -11.80% downside from MPLX's last price of $44.32.

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


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 17, 2024Jean Ann SalisburyBank of America Securities$43.00$44.47-3.31%-2.98%
Oct 10, 2024Theresa ChenBarclays$49.00$44.0511.24%10.56%
Jul 12, 2024Theresa ChenBarclays$45.00$41.817.63%1.53%
Feb 07, 2023-Citigroup$35.00$33.863.37%-21.03%
Feb 01, 2023-Raymond James$41.00$34.9217.41%-7.49%
Jan 09, 2023-Morgan Stanley$41.00$33.7721.41%-7.49%
Dec 09, 2022-Citigroup$33.50$31.755.51%-24.41%
Jul 26, 2022James CarrekerUS Capital Advisors$34.00$31.258.80%-23.29%
Jul 08, 2022-UBS$40.00$28.9937.98%-9.75%
May 02, 2022Neal DingmannTruist Financial$37.00$32.5913.53%-16.52%
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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 -2.98% decrease from MPLX last price ($44.32).

MPLX LP Price Target by Period


1M3M12M
# Anlaysts223
Avg Price Target$46.00$46.00$45.67
Last Closing Price$44.32$44.32$44.32
Upside/Downside3.79%3.79%3.05%

In the current month, the average price target of MPLX LP stock is $46.00, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 3.79% increase as opposed to MPLX LP's last price of $44.32. This month's average price target is down 0.00% compared to last quarter, and up 0.72% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Oct 16, 2024RBC CapitalOutperformOutperformHold
Oct 10, 2024Wells FargoBuyBuyHold
Oct 10, 2024UBSUnderperformUnderperformHold
Oct 10, 2024BarclaysOverweightOverweightHold
Sep 16, 2024RBC CapitalUnderperformUnderperformHold
Sep 16, 2024Wells FargoOutperformOutperformHold
Jul 12, 2024BarclaysOverweightOverweightHold
Apr 05, 2024BarclaysOverweightOverweightHold
Feb 07, 2023CitigroupNeutralNeutralHold
Feb 01, 2023Raymond JamesOutperformOutperformHold
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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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 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$3.08B$3.13B$3.08B$2.94B$3.17B$3.15B$3.14B$3.08B$3.12B$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$3.08B$3.13B$3.08B$2.94B$3.17B$3.15B$3.14B$3.08B$3.12B$3.18B$2.96B$2.89B$2.96B$2.90B$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
Low Forecast$3.08B$3.13B$3.08B$2.94B$3.17B$3.15B$3.14B$3.08B$3.12B$2.99B$2.96B$2.89B$2.82B$2.46B$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
# Analysts111111111311354433334444459644
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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts111111111311354433334444459644
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$1.30B$1.32B$1.30B$1.24B$1.34B$1.33B$1.33B$1.30B$1.32B$1.31B$1.25B$1.61B$1.22B$1.18B$1.13B$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$1.30B$1.32B$1.30B$1.24B$1.34B$1.33B$1.33B$1.30B$1.32B$1.34B$1.25B$1.93B$1.25B$1.23B$1.13B$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$1.30B$1.32B$1.30B$1.24B$1.34B$1.33B$1.33B$1.30B$1.32B$1.26B$1.25B$1.29B$1.19B$1.04B$1.13B$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 %------------1.25%1.23%-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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts111111111311354433334444459644
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$1.19B$1.24B$1.21B$1.10B$1.13B$1.12B$1.09B$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$1.19B$1.24B$1.21B$1.10B$1.13B$1.12B$1.09B$1.06B$1.08B$1.17B$999.25M$1.18B$1.05B$1.06B$905.47M$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$1.21B$1.10B$1.13B$1.12B$1.09B$1.06B$1.08B$995.54M$998.80M$788.23M$905.55M$961.13M$905.47M$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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts111111111311354433334444459644
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$119.55M$121.45M$119.71M$114.08M$123.20M$122.39M$121.74M$119.44M$121.03M$120.00M$114.80M$93.15M$111.70M$108.40M$103.44M$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$119.55M$121.45M$119.71M$114.08M$123.20M$122.39M$121.74M$119.44M$121.03M$123.55M$114.80M$111.79M$114.74M$112.74M$103.44M$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$119.55M$121.45M$119.71M$114.08M$123.20M$122.39M$121.74M$119.44M$121.03M$116.05M$114.80M$74.52M$109.42M$95.64M$103.44M$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 %------------0.89%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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts111111111311354433334444459644
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$1.17$1.22$1.18$1.08$1.11$1.09$1.07$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$1.17$1.22$1.18$1.08$1.11$1.09$1.07$1.04$1.06$1.14$0.98$0.98$1.03$1.04$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
Low Forecast$1.17$1.22$1.18$1.08$1.11$1.09$1.07$1.04$1.06$0.98$0.98$0.98$0.89$0.94$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
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


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
ENBEnbridge$40.83$44.178.18%Hold
EPDEnterprise Products Partners$29.13$31.367.66%Buy
WESWestern Midstream Partners, LP$36.81$38.173.69%Hold
HESMHess Midstream LP$34.54$34.33-0.61%Hold
ETEnergy Transfer LP$16.51$16.40-0.67%Buy
PAAPlains All American Pipeline$16.71$15.77-5.63%Hold
KMIKinder Morgan$24.49$22.30-8.94%Buy
MPLXMPLX LP$44.32$39.09-11.80%Buy
OKEONEOK$95.64$83.14-13.07%Buy
AMAntero Midstream$14.44$12.50-13.43%Buy

MPLX Forecast FAQ


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.

MPLX LP (MPLX) average price target is $39.09 with a range of $34 to $49, implying a -11.80% from its last price of $44.32. The data is based on 7 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for MPLX stock, the company can go down by -11.80% (from the last price of $44.32 to the average price target of $39.09), up by 10.56% based on the highest stock price target, and down by -23.29% based on the lowest stock price target.

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.

2 Wall Street analysts forecast a $46 price target for MPLX LP (MPLX) this month, up 3.79% from its last price of $44.32. Compared to the last 3 and 12 months, the average price target increased by 3.79% and increased by 3.05%, respectively.

MPLX LP's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $12.54B (high $12.54B, low $12.54B), average EBITDA is $5.3B (high $5.3B, low $5.3B), average net income is $4.4B (high $4.4B, low $4.4B), average SG&A $486.78M (high $486.78M, low $486.78M), and average EPS is $4.31 (high $4.31, low $4.31). MPLX's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $12.23B (high $12.23B, low $12.23B), average EBITDA is $5.17B (high $5.17B, low $5.17B), average net income is $4.75B (high $4.75B, low $4.75B), average SG&A $474.79M (high $474.79M, low $474.79M), and average EPS is $4.65 (high $4.65, low $4.65).

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%