1 Must-Watch Energy Stock for the End of 2022

NYSE: MPLX | MPLX L.P. News, Ratings, and Charts

MPLX – Midstream company MPLX LP (MPLX) offers reliable dividends. Moreover, the company delivered a robust bottom-line performance in the last quarter. Hence, amid market uncertainties, it could be worth adding MPLX to your watchlist. Read on….

Energy company MPLX LP (MPLX - Get Rating) owns and operates midstream energy infrastructure and logistics assets. The company operates in two broad segments: Logistics and Storage; and Gathering and Processing. 

The company offers reliable dividends. In November, MPLX declared a quarterly distribution of $0.775 per common unit for the third quarter of 2022, representing a 10% increase over the second-quarter distribution. It has a record of nine years of consecutive dividend growth.

The quarterly dividend cumulates to $3.10 per common unit annually and yields 9.63% on the current share price. The company has a four-year average yield of 11.25%. MPLX’s dividend payouts have increased at a 2.9% CAGR over the past three years and a 5.5% CAGR over the past five years.

The stock has gained 11.5% over the past year and 8% year-to-date. It has gained 13.1% over the past six months to close its last trading session at $31.96.

Here are the factors that could influence MPLX’s performance in the near term:

Solid Financials

For the fiscal third quarter ended September 30, MPLX’s total revenues and other income increased 32.9% year-over-year to $3.40 billion. Net income attributable to MPLX and per limited partner unit came in at $1.43 billion and $1.36, up 78.1% and 83.8% from the prior-year period, respectively.

Impressive Profitability

MPLX’s trailing-12-month EBIT margin and net income margin of 39.79% and 35.16% are 106.3% and 208.9% higher than the industry averages of 19.29% and 11.38%, respectively. Its ROCE, ROTC, and ROTA of 32.15%, 8.40%, and 11.05% are 55.4%, 1.4%, and 60.5% higher than their respective industry averages of 20.68%, 8.28%, and 6.88%.

Favorable Bottom-line Estimates

The consensus EPS estimates of $0.85 and $0.84 for the current (ending December 2022) and next (ending March 2023) quarters indicate 9% and 7.7% year-over-year improvements, respectively. Street EPS estimate for the fiscal year 2022 of $3.61 reflects a rise of 26.2% from the prior year. Its EPS is estimated to grow 3.7% per annum over the next five years.

POWR Ratings Reflect Promising Prospects

MPLX’s strong fundamentals are reflected in its POWR Ratings. The stock has an overall rating of B, which equates to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.

Our proprietary rating system also evaluates each stock based on eight distinct categories. The stock has a Quality grade of A, in sync with its robust profitability.

MPLX has a C grade for Stability, consistent with its five-year beta of 1.45.

In the 31-stock MLPs – Oil & Gas industry, it is ranked #4. The industry is rated A.

Click here to see the additional POWR Ratings for MPLX (Growth, Value, Momentum, and Sentiment).

View all the top stocks in the MLPs – Oil & Gas industry here.

Bottom Line

A long-term tight supply and underinvestment in new oil supply might lead to structurally higher energy prices, which could benefit MPLX. Moreover, the company’s bottom-line growth expectations are promising. With Wall Street analysts expecting the stock to grow almost 20% in the near term, MPLX might be a solid buy now.

How Does MPLX LP (MPLX) Stack up Against Its Peers?

While MPLX has an overall POWR Rating of B, one might consider looking at its industry peers, Global Partners LP (GLP - Get Rating) and CrossAmerica Partners LP (CAPL - Get Rating), which have an overall A (Strong Buy) rating.

Want More Great Investing Ideas?

3 Stocks to DOUBLE This Year


MPLX shares were unchanged in premarket trading Tuesday. Year-to-date, MPLX has gained 17.85%, versus a -19.21% rise in the benchmark S&P 500 index during the same period.


About the Author: Anushka Dutta


Anushka is an analyst whose interest in understanding the impact of broader economic changes on financial markets motivated her to pursue a career in investment research. More...


More Resources for the Stocks in this Article

TickerPOWR RatingIndustry RankRank in Industry
MPLXGet RatingGet RatingGet Rating
GLPGet RatingGet RatingGet Rating
CAPLGet RatingGet RatingGet Rating

Most Popular Stories on StockNews.com


How is the Stock Market Like a Helium Balloon?

Stocks have finally broke above 6,000 for the S&P 500 (SPY). The more important question is what comes next? Steve Reitmeister provides his answer in his latest market commentary.

Has the Bull Market Run Out of Steam?

It seems the S&P 500 (SPY) advance has stalled and cant crack above strong resistance at 6,000. Why is that happening? And what happens next? Read on for the answers...

Investors Remain “Cautiously Optimistic”

The S&P 500 (SPY) has made great advances since the lows of early April. Yet seem to be stuck under resistance at 6,000. What happens next depends on tariff talks. So let’s talk about the latest news on that front.

Bull Market Til Proven Otherwise

The phrase that paid for investors in 2025 was “Bull market til proven otherwise” Steve Reitmeister explains why in his latest market update and preview of top stock picks.

Investor Alert: Mission Accomplished?

The S&P 500 (SPY) has broken out above the 200 day moving average. Does that mean that bear market fears are now over? And should investors be riding the bull to new heights? Read on for Steve Reitmeister’s answer...

Read More Stories

More MPLX L.P. (MPLX) News View All

Event/Date Symbol News Detail Start Price End Price Change POWR Rating
Loading, please wait...
View All MPLX News