MPLX Stock Recent News

MPLX Has An Above Average Distribution With Below Average Debt

MPLX LP is a quality income stock that offers a high yield and strong total return potential. The company has shown consistent growth in distributable cash flow and has strong growth opportunities going forward. MPLX also has a strong balance sheet, low leverage ratio, a well-covered distribution, making it an appealing choice for income investors.

MPLX LP is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets. In Q3 2023, MPLX had record EBITDA, up 8.5%, and DCF, up 9.5%. MPLX has a dividend yield of 9.21% and has outperformed the broad energy sector and the S&P over the past month.

MPLX appoints C. Kristopher Hagedorn as its CFO in place of John Quaid, signaling a strategic leadership shift in the dynamic energy infrastructure sector.

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MPLX LP continues to reward its unitholders with growing distributions and has appreciated by 10.53% YTD. MLPs, like MPLX, are a strong investment for income generation, especially in the energy infrastructure sector. MPLX's distribution coverage ratio and record levels of profitability indicate the potential for continued distribution increases and growth in the energy industry.

I recently sold two dividend stocks and redeployed my capital proceeds into MPLX LP. MPLX is a leading MLP with sound operating fundamentals and robust coverage of its distribution. The company also possesses an investment-grade balance sheet with a stable outlook from S&P.

Income investors have had a tough year compared to growth investors, but strategists expect high dividend equities to rebound in 2024. MPLX LP stock is a buy with undervalued units and a strong execution history, despite an EPS miss. MPLX is a diversified, large-cap master limited partnership with a low forward P/E ratio and a high forward dividend yield.

MPLX has been a solid performer, with shares rising 12% and a secure 10% distribution yield, making it an attractive investment for income-oriented investors. The company's strong balance sheet and fee-based contracts provide a secure dividend with room for ongoing growth. MPC's ownership stake in MPLX is stable and unlikely to be divested, as the two companies are closely intertwined and dependent on each other.

MPLX pays a 9.5%-yielding distribution supported by stable cash flow and a rock-solid financial profile. The MLP has several expansion projects under construction.