
MPLX (MPLX) Stock Forecast & Price Target
MPLX (MPLX) Analyst Ratings
Bulls say
MPLX is a strong investment opportunity as it benefits from both its relationship with Marathon Petroleum (MPC) and its expanding natural gas and NGL footprint. With a total capex outlook of $2.7Bn, including maintenance, and a focus on durable distribution growth, MPLX is in a strong position to deliver mid-single-digit adjusted EBITDA growth. Its acquisition and expansion of Northwind Midstream's assets, as well as its pivot towards growing its gas and NGL business, position MPLX for future growth. Additionally, its operations stability and return of capital to holders from its MPC-related operations provide a solid foundation for its financial performance.
Bears say
MPLX is facing various risks such as commodity price fluctuations, regulatory changes, and changes in demand for its gas and power services. Additionally, its dependence on Marathon Petroleum and distribution growth as hedges against cash flow risks may not be sufficient to protect the company from adverse market conditions. Furthermore, the company's participation in Permian gas pipelines may provide growth opportunities, but competition in the region could limit its potential. Overall, these factors contribute to a negative outlook on MPLX's stock.
This aggregate rating is based on analysts' research of MPLX and is not a guaranteed prediction by Public.com or investment advice.
MPLX (MPLX) Analyst Forecast & Price Prediction
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