
MPLX (MPLX) Stock Forecast & Price Target
MPLX (MPLX) Analyst Ratings
Bulls say
MPLX is poised for sustained EBITDA growth, with projections indicating an acceleration from 2025 to 2026 supported by the ramp-up of strategic projects such as the Secretariat processing plant and the BANGL pipeline system. The partnership has demonstrated resilience with a compounded growth rate of 7% in both EBITDA and DCF over the past four years, bolstered by a strong pipeline of assets that generate durable cash flows. Additionally, anticipated contributions from upcoming projects like the Eiger pipeline and Gulf Coast facilities, along with potential M&A opportunities, signal a stable outlook for mid-single digit EBITDA growth and incremental distribution increases moving forward.
Bears say
The financial outlook for MPLX is negatively impacted by several critical factors, including project execution risks that could lead to lower-than-expected returns and delays in the commissioning of LNG and ethylene cracking facilities, which are contributing to sustained weakness in natural gas and NGL prices. Additionally, the partnership faces inherent volume risks as a significant portion of its revenue relies on the production from aging oil and gas reserves that are expected to naturally decline over time, resulting in reduced cash flows. Lastly, the potential for deterioration in processing margins and challenges in third-party pipeline projects further complicate the financial stability of MPLX, compounded by uncertainties regarding support from its parent company, Marathon Petroleum.
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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