MPLX Stock Recent News
MPLX LATEST HEADLINES
The latest trading day saw MPLX LP (MPLX) settling at $50.86, representing a -0.14% change from its previous close.
MPLX LP (MPLX) closed the most recent trading day at $52.07, moving -0.69% from the previous trading session.
FINDLAY, Ohio , April 29, 2025 /PRNewswire/ -- The board of directors of the general partner of MPLX LP (NYSE: MPLX) has declared a quarterly cash distribution of $0.9565 per common unit for the first quarter of 2025, or $3.826 on an annualized basis. The distribution will be paid on May 16, 2025, to common unitholders of record as of May 9, 2025.
MPLX represents a solid investment opportunity for the medium to long term, with a 7.2% dividend yield and total return exceeding 420%. MPLX stock demonstrates a steady upward movement, which surpasses market performance and peer companies, while showing limited market corrections and persistent buying activity. The company demonstrates strong financial performance through its impressive EBITDA and DCF growth, and high EBITDA margin and robust distribution coverage, which supports its high dividend yield.
MPLX is one of the strongest income compounders in the MLP space. It has also managed the recent volatility very well, outperforming the sector on a YTD basis by a decent margin. Currently, MPLX trades at a premium to its peers and its historical 5-year median multiple.
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MPLX LP (MPLX) closed the most recent trading day at $51.17, moving +1.09% from the previous trading session.