OakChart

MPLX LP

MPLXEnergy·Oil & Gas Midstream·USA·Large·NYSE·Nov 11 • 9:09 AM ET

57.12+0.41 (0.72%)
2026-11-11 15:11 CET
Market cap
57,448.93 USD m
Revenue, TTM
12,439.00 USD m
Net income, TTM
4,343.00 USD m
Free cash flow, TTM
3,113.00 USD m
EPS diluted, TTM
4.28
P/E
13.35
Compare

Price

MPLX against its 20, 50 and 200-day averages
2050200miss
54.0056.0058.0060.002.5M5.0MMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26MPLXclose 57.1220-day 57.9650-day 58.05200-day 57.2957.12

6.3% under 60.95 on 5 Aug 2026. Last 15 sessions, 10.3% high to low

Profile

MPLX
52-week range, 59% of the way up
51.6060.95

MPLX LP engages in the operation of midstream energy infrastructure and logistics assets, and distribution fuels services. It operates through the Crude Oil and Products Logistics and Natural Gas and NGL Services segments. The Crude Oil and Products Logistics segment transports, stores, distributes, and markets crude oil, asphalt, refined petroleum products, and water. The Natural Gas and NGL Services segment gathers, processes, and transports natural gas, and gathers, transports, fractionates, stores, and markets natural gas liquids (NGLs). The company was founded on March 27, 2012 and is headquartered in Findlay, OH.

Employees5762
IPOOct 26, 2012
Beta0.46
ATR, 14d1.20
Rel volume0.02
Short float1.89%
Insider own64.22%
Inst own19.53%

Snapshot

6 groups

Valuation

Index-
Market Cap57.86B
Enterprise Value83.88B
Income4.34B
Sales12.44B
Book/sh13.89
Cash/sh1.28
Dividend Est.4.55 (7.96%)
Dividend TTM4.44 (7.77%)
Dividend Ex-DateNov 06, 2026
Dividend Gr. 3/5Y10.98% 7.51%
Payout81.91%
Employees5762
IPOOct 26, 2012

Ratios

P/E13.35
Forward P/E11.92
PEG5.99
P/S4.65
P/B4.11
P/C44.61
P/FCF18.59
EV/EBITDA13.47
EV/Sales6.74
Quick Ratio1.47
Current Ratio1.56
Debt/Eq1.93
LT Debt/Eq1.92
Option/ShortYes / Yes

Earnings

EPS (ttm)4.28
EPS next Y4.79
EPS next Q1.19
EPS this Y-10.77%
EPS next Y11.42%
EPS next 5Y1.99%
EPS past 3/5Y8.67% -
Sales past 3/5Y2.00% 6.80%
EPS Y/Y TTM-9.38%
Sales Y/Y TTM7.12%
EPS Q/Q-24.31%
Sales Q/Q13.67%
EarningsNov 03 BMO
EPS/Sales Surpr.1.72% 7.48%

Ownership

Insider Own64.22%
Insider Trans0.00%
Inst Own19.53%
Inst Trans-0.49%
ROA9.94%
ROE30.62%
ROIC10.57%
Gross Margin43.11%
Oper. Margin38.34%
Profit Margin34.91%
SMA20-1.44%
SMA50-1.60%
SMA200-0.29%
Trades-

Technical

Shs Outstand1.01B
Shs Float362.41M
Short Float1.89%
Short Ratio4.80
Short Interest6.85M
52W High60.95 -6.28%
52W Low51.60 10.70%
Volatility2.23% 1.97%
ATR (14)1.20
RSI (14)46.39
Beta0.46
Rel Volume0.02
Avg Volume1.43M
Volume1,247

Performance

Perf Week1.55%
Perf Month0.37%
Perf Quarter-2.89%
Perf Half Y4.21%
Perf YTD7.03%
Perf Year9.76%
Perf 3Y62.46%
Perf 5Y83.37%
Perf 10Y80.42%
Recom2.41
Target Price62.17
Prev Close56.71
Price57.12
Change %0.72%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Oct 20, 2026ResumedJJP MorganNeutral$62+8.5%
Sep 10, 2026ResumedSStifelHold$65+13.8%
Jul 29, 2026DowngradeWWolfe ResearchOutperform → Peer Perform
Mar 24, 2026InitiatedTTruistBuy$67+17.3%
Jan 05, 2026DowngradeRRaymond JamesOutperform → Mkt Perform
Dec 01, 2025DowngradeJJP MorganOverweight → Neutral$57-0.2%
Oct 17, 2024ResumedBBofA SecuritiesUnderperform$43-24.7%
Oct 06, 2023ResumedGGoldmanBuy$40-30.0%
Mar 14, 2023UpgradeJJP MorganNeutral → Overweight$37 → $41-28.2%
Jan 09, 2023UpgradeWWolfe ResearchPeer Perform → Outperform$36-37.0%

Peers

Mkt cap
TickerCompanyMkt cap
EPDEnterprise Products Partners L P80.51B
ETEnergy Transfer LP67.40B
TRGPTarga Resources Corp61.10B
OKEOneok Inc55.97B
WESWestern Midstream Partners LP16.94B
WMBWilliams Cos Inc85.86B
KMIKinder Morgan Inc70.17B
PAAPlains All American Pipeline LP16.91B
HESMHess Midstream LP6.28B
MPCMarathon Petroleum Corp108.31B

Insider trading

1 filings
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
HAGEDORN CARL KRISTOPHEROfficerNov 10 '26Proposed Sale56.743,512199,271Nov 10 02:58 PM

Held by

AUM
TickerCompanyAUM
ENFRAlerian Energy Infrastructure ETFAUM: 522.14M
EIPXFT Energy Income Partners Strategy ETFAUM: 573.65M
TPYPTortoise North American Pipeline ETFAUM: 875.89M
DIVZPolen Dividend Income ETFAUM: 315.29M
DIVGlobal X SuperDividend U.S. ETFAUM: 773.37M
USAIPacer American Energy Infrastructure ETFAUM: 122.65M
FFLCFidelity Fundamental Large Cap Core ETFAUM: 1.25B
TOLZProShares DJ Brookfield Global Infrastructure ETFAUM: 172.79M
PFMInvesco Dividend Achievers ETFAUM: 828.15M
CVYInvesco Zacks Multi-Asset Income ETFAUM: 119.10M

News

latest 14 of 206
  • MPLX Edges Past Consensus But Falls Short Of The Whisper As Its Firm 2027 Distribution Promise Softens (Earnings Whispers)
  • MPLX LP Reports Third-Quarter 2026 Financial Results; Announces Increase to Quarterly Distribution of 12.5% (PR Newswire)
  • Marathon Petroleum Corp to Divest Minnesota and North Dakota Refineries & MPLX LP to Divest Related Midstream Assets (PR Newswire)
  • MPLX LP announces election of two new directors (PR Newswire)
  • MPLX LP Increases Quarterly Distribution (PR Newswire)
  • Loading…
  • MPLX Must Prove Its Promised Back-Half Acceleration As Harmon Creek III Comes Online (Earnings Whispers)
  • Bloom Energy vs. Marathon Petroleum: Which Popular Energy Stock Is the Better Buy? (Zacks)
  • MPLX LP to Report Third-Quarter Results on November 3, 2026 (PR Newswire)
  • MPLX Targets Another 12.5% Distribution Raise Through 2027. Heres What Could Mean For The Stock. (TIKR)
  • MPLX LP 2025 K-3 tax packages now available on company website (PR Newswire)
  • SOLITUDE PIPELINE SYSTEM REACHES FINAL INVESTMENT DECISION TO TRANSPORT GAS FROM THE PERMIAN BASIN TO THE GULF COAST (PR Newswire)
  • MPLX LP prices $2.25 billion senior notes offering (PR Newswire)
  • Midstream Energy Player MPLX Offers Robust 7.2% Yield (Investor's Business Daily)

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-11-031.1501.1311.1503,6053,35412
2026Q22026-08-041.0601.0581.0613,0823,14211
2026Q12026-05-050.9001.0460.8982,8063,09311
2025Q42026-02-031.1701.0561.1723,2523,17510
2025Q32025-11-041.5201.0731.5153,6193,15910
2025Q22025-08-051.0301.0611.0262,7883,13910
2025Q12025-05-061.1001.0971.1042,8873,16410
2024Q42025-02-041.0701.0381.0733,0633,07310
2024Q32024-11-051.0101.0451.0112,9723,09210
2024Q22024-08-061.1500.9791.1443,0522,95810
2024Q12024-04-300.9800.9790.9842,8462,8959
2023Q42024-01-301.1000.9481.1082,9662,87810
2023Q32023-10-310.8900.9740.8922,9122,79311
2023Q22023-08-010.9100.8880.9092,6902,6659
2023Q12023-05-020.9100.8300.9052,7132,5549
2022Q42023-01-310.7800.8430.7812,6622,58810

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2019FY2.3202.4331.0317,8717,719
2020FY-0.800-0.789-0.8017,5697,580
2021FY2.8602.8612.85910,0279,682
2022FY3.7503.7163.75411,61310,999
2023FY3.8003.6993.82111,28111,181
2024FY4.2104.1924.20911,93311,951
2025FY4.8204.6394.82012,99812,957
2026FY-4.301--12,939
2027FY-4.792--14,255
2028FY-5.113--15,112
2029FY-5.495---
2030FY-5.460---

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-11-115303,5053,3903,638
2026Q4S2026-11-055403,5053,3903,638
2026Q4S2026-11-035313,4643,3903,638
2026Q4S2026-10-185213,4403,3903,515
2026Q4S2026-10-155313,4403,3903,515
2026Q4S2026-10-145313,4393,3903,512
2026Q4S2026-10-075213,4183,3623,512
2026Q4S2026-09-255303,4323,3623,512
2026Q4S2026-08-285303,4353,3623,512
2026Q4S2026-08-145203,3993,2203,512
2026Q4S2026-08-125103,3863,2203,512
2026Q4S2026-08-115103,3813,2203,512
2026Q4S2026-08-095103,3763,2203,512
2026Q4S2026-08-045113,3763,2203,512

Estimate history

EPS, annual1.8412.291.031-0.8012.8593.7543.8214.2094.8184.2776
Period201720182019202020212022202320242025TTM
EPS, quarterly1.0111.0731.1041.0261.5151.1720.8981.0611.147
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual379467528751850597061113710674111301181712439
Period201720182019202020212022202320242025TTM
Sales, quarterly282328922938283329493097286331273352
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual415.439794.091058.3551038.7781016.4151001.4151003.499101710151013
Period201720182019202020212022202320242025MRQ
Shares, quarterly101910171021102010171015101510141013
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue12,439.0011,817.0011,130.0010,674.0011,137.009,706.008,505.008,751.006,752.00
Cost of Goods Sold Incl. D&A7,077.006,479.006,071.005,860.006,287.005,461.004,644.004,961.003,869.00
Gross Profit5,362.005,338.005,059.004,814.004,850.004,245.003,861.003,790.002,883.00
Selling, General and Administrative Excl. Other452.00443.00427.00370.00334.00363.00378.00374.00312.00
Other Operating Expense141.00137.00131.00131.00115.00120.00125.00113.0083.00
Operating Income4,769.004,758.004,501.004,313.004,401.003,762.003,358.003,303.002,488.00
Interest Expense1,293.001,051.00921.00923.00925.00879.00896.00915.00714.00
Unusual Expense5.00-14.003.009.00-46.0077.002,205.001,210.00-1.00
Net Income Before Taxes4,394.004,960.004,367.003,977.003,986.003,113.00-685.001,462.002,014.00
Income Taxes8.008.0010.0011.008.001.002.000.008.00
Consolidated Net Income4,383.004,949.004,350.003,966.003,978.003,112.00-687.001,061.001,834.00
Net Income From Continuing Operations4,343.004,909.004,310.003,928.003,944.003,077.00-720.001,033.001,818.00
Net Income4,343.004,909.004,281.003,829.003,791.002,936.00-842.00935.001,743.00
EPS (Recurring)4.294.814.213.833.722.910.671.962.29
EPS (Basic, Before Extraordinaries)4.284.824.213.833.752.86-0.801.032.29
EPS (Diluted)4.284.824.213.823.752.86-0.801.032.29
EBITDA6,225.006,109.005,784.005,526.005,631.005,049.004,735.004,557.003,355.00
Non-Operating Income (Expense)847.001,239.00790.00596.00464.00307.00-942.00284.00239.00
Other After Tax Adjustments-3.00-3.00-7.000.000.000.000.00-401.00-172.00
Stock Option Compensation Expense-----9.0014.0022.0018.17
Price To Earnings Ratio13.2613.2611.2710.538.6910.35-20.8712.94
Price To Sales Ratio4.594.604.373.452.983.132.682.643.42
Gross Margin43.1145.1745.4545.1043.5543.7445.4043.3142.70
Operating Margin38.3440.2640.4440.4139.5238.7639.4837.7436.85
Net Margin34.9141.5438.4635.8734.0430.25-9.9010.6825.81
Shares Outstanding1,013.001,015.001,017.001,003.501,001.421,016.421,038.781,058.36794.09
Market Capitalization57,448.9357,448.9348,760.2536,764.8032,946.4030,177.6622,114.5226,461.0623,624.59

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue3,352.003,127.002,863.003,097.002,949.002,833.002,938.002,892.00
Cost of Goods Sold Incl. D&A1,960.001,788.001,689.001,640.001,658.001,575.001,606.001,586.00
Gross Profit1,392.001,339.001,174.001,457.001,291.001,258.001,332.001,306.00
Selling, General and Administrative Excl. Other129.00108.00114.00101.00126.00104.00112.00104.00
Other Operating Expense35.0034.0036.0036.0036.0032.0033.0032.00
Operating Income1,228.001,197.001,024.001,320.001,129.001,122.001,187.001,170.00
Interest Expense312.00300.00310.00295.00259.00250.00235.00229.00
Unusual Expense19.002.00-6.00-10.00-4.00-4.004.00-5.00
Net Income Before Taxes1,176.001,089.00923.001,206.001,558.001,059.001,137.001,114.00
Income Taxes2.002.001.003.003.001.001.005.00
Consolidated Net Income1,173.001,087.00921.001,202.001,554.001,058.001,136.001,109.00
Net Income From Continuing Operations1,163.001,077.00911.001,192.001,544.001,048.001,126.001,099.00
Net Income1,163.001,077.00911.001,192.001,544.001,048.001,126.001,093.00
EPS (Recurring)1.161.060.891.171.511.021.111.07
EPS (Basic, Before Extraordinaries)1.151.060.901.171.521.031.101.07
EPS (Diluted)1.151.060.901.171.521.031.101.07
EBITDA1,606.001,562.001,382.001,675.001,475.001,446.001,513.001,494.00
Non-Operating Income (Expense)279.00194.00203.00171.00684.00183.00189.00168.00
Other After Tax Adjustments-1.000.00-1.00-1.00-1.000.000.000.00
Price To Earnings Ratio13.2612.2211.8511.3111.8511.8912.7111.27
Price To Sales Ratio4.594.754.934.594.384.584.804.38
Gross Margin41.5342.8241.0147.0543.7844.4145.3445.16
Operating Margin36.6338.2835.7742.6238.2839.6040.4040.46
Net Margin34.7034.4431.8238.4952.3636.9938.3337.79
Shares Outstanding1,013.001,014.001,015.001,015.001,017.001,020.001,021.001,017.00
Market Capitalization57,448.9357,159.7457,937.4654,281.0350,902.5552,581.4154,724.7448,760.25

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments2,137.001,519.001,048.00238.0013.0015.0015.0085.009.00
Short Term Receivables1,643.001,544.001,562.001,479.001,316.001,164.001,279.001,198.00452.00
Inventories172.00180.00159.00148.00142.00118.00110.0098.0065.00
Other Current Assets42.0033.0039.0040.0036.00218.0080.0059.0033.00
Total Current Assets3,994.003,276.002,808.001,905.001,507.001,515.001,484.001,440.00559.00
Net Property, Plant & Equipment22,213.0019,653.0019,755.0019,359.0020,539.0021,758.0022,742.0021,525.0012,187.00
Total Investments and Advances4,798.004,531.003,743.004,095.003,981.004,036.005,275.004,901.004,010.00
Long-Term Note Receivable460.00705.00808.00910.00932.00441.0071.0024.0020.00
Intangible Assets10,152.008,163.008,299.008,350.008,488.008,616.0010,806.0011,375.002,698.00
Other Assets1,388.001,183.001,116.001,046.0060.0048.0052.0060.0026.00
Total Assets43,005.0037,511.0036,529.0035,665.0035,507.0036,414.0040,430.0039,325.0019,500.00
Short Term Debt Incl. Current Port. of LT Debt1,557.001,740.001,181.001,036.00561.00830.0076.000.00386.00
Accounts Payable108.00147.00153.00224.00172.00367.001,153.00626.00281.00
Income Tax Payable--------38.00
Other Current Liabilities1,584.001,348.001,290.001,141.002,615.00889.00903.001,642.00599.00
Total Current Liabilities3,249.003,235.002,624.002,401.003,348.002,086.002,132.002,268.001,304.00
Long Term Debt24,605.0019,696.0019,733.0019,266.0018,505.0019,848.0020,236.0017,922.006,945.00
Provision for Risks Charges45.000.000.000.000.000.000.000.000.00
Deferred Tax Liabilities25.0018.0016.0013.0010.0012.0012.0014.005.00
Other Liabilities553.00552.00572.00471.00627.00483.00469.00386.00273.00
Total Liabilities28,477.0023,501.0022,945.0022,151.0022,490.0022,429.0022,849.0020,590.008,527.00
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.00203.00895.001,579.001,576.001,579.001,579.001,004.001,000.00
Common Equity14,301.0013,576.0012,454.0011,698.0011,200.0012,161.0015,753.0017,575.009,827.00
Total Shareholders Equity14,301.0013,779.0013,349.0013,277.0012,776.0013,740.0017,332.0018,579.0010,827.00
Accumulated Minority Interest227.00231.00235.00237.00241.00245.00249.00156.00146.00
Total Equity14,528.0014,010.0013,584.0013,514.0013,017.0013,985.0017,581.0018,735.0010,973.00
Total Liabilities & Stockholders Equity43,005.0037,511.0036,529.0035,665.0035,507.0036,414.0040,430.0039,325.0019,500.00
Book Value Per Share14.0913.3512.4111.6811.0211.7114.8822.1323.65
Tangible Book Value Per Share4.095.324.143.342.673.414.677.8117.16
Full-Time Employees5,7625,5605,8105,8115,8365,7006,2004,5004,300
Price to Book Ratio4.083.603.042.792.691.821.683.521.48
Return on Assets12.1911.6410.8811.088.56-1.873.276.184.39
Return on Equity34.9631.7829.5030.2823.21-4.638.2512.367.52
Return on Invested Capital12.6212.8811.8712.129.84-2.142.754.984.47
Quick Ratio1.180.961.010.730.410.670.640.590.38
Current Ratio1.231.011.070.790.450.730.700.630.43

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income4,386.004,952.004,357.003,966.003,978.003,112.00-687.001,462.002,006.00
Depreciation1,456.001,351.001,283.001,213.001,230.001,287.001,377.001,254.00867.00
Other Funds (Non Cash)19.00-465.0058.0088.00-336.00322.003,748.001,485.00232.00
Funds from Operations5,867.005,845.005,700.005,270.004,875.004,719.004,437.004,199.003,113.00
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital155.0064.00246.00130.00155.00228.00207.00-99.00-26.00
Cash from Operating Activities6,022.005,909.005,946.005,400.005,030.004,947.004,644.004,100.003,087.00
Capital Expenditures-2,909.00-1,808.00-1,056.00-937.00-806.00-529.00-1,183.00-2,408.00-2,111.00
Net Assets From Acquisitions0.00-3,316.00-622.00-246.00-28.000.000.000.00-451.00
Sale of Fixed Assets and Businesses1,000.00975.001.0026.0084.00126.0056.00131.0019.00
Purchase or Sale of Investments-770.00-715.00-464.00-98.00-217.00-151.00-266.00-713.00-341.00
Purchase of Investments-952.00-1,008.00-464.00-98.00-217.00-151.00-266.00-713.00-341.00
Sale Or Maturity of Investments182.00293.000.000.000.000.000.000.000.00
Other Uses0.000.000.000.000.000.000.000.000.00
Other Sources-96.008.00146.000.000.000.008.004.001.00
Cash from Investing Activities-2,775.00-4,856.00-1,995.00-1,255.00-967.00-554.00-1,385.00-2,986.00-2,883.00
Cash Dividends Paid-4,372.00-4,024.00-3,603.00-3,296.00-3,047.00-3,573.00-3,006.00-3,039.00-6,240.00
Change in Capital Stock-250.00-400.00-326.000.00-491.00-630.00-33.000.000.00
Repurchase of Common Pref Stock-250.00-400.00-326.000.00-491.00-630.00-33.000.000.00
Sale of Common Pref Stock0.000.000.000.000.000.000.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.000.000.000.00
Issuance or Reduction of Debt, Net923.004,014.00464.00573.00-302.00-196.00-223.001,824.006,069.00
Change in Long Term Debt923.004,014.00464.00573.00-302.00-196.00-223.001,824.006,069.00
Issuance of Long Term Debt3,960.006,528.001,615.001,574.006,339.0012,668.0013,049.0018,467.0017,362.00
Reduction of Long Term Debt-3,037.00-2,514.00-1,151.00-1,001.00-6,641.00-12,864.00-13,272.00-16,643.00-11,293.00
Net Financing Active Other Cash Flow-16.00-25.00-15.00-612.002.004.003.0031.0043.00
Other Financing Activities Uses-44.00-49.00-50.00-643.00-42.00-41.00-47.00-43.00-17.00
Cash from Financing Activities-3,715.00-435.00-3,480.00-3,335.00-3,838.00-4,395.00-3,259.00-1,184.00-128.00
Net Change in Cash-468.00618.00471.00810.00225.00-2.000.00-70.0076.00
Free Cash Flow3,113.004,101.004,890.004,463.004,224.004,418.003,461.001,692.00976.00
Preferred Dividends (Cash Flow)--6.00-44.00-115.00-126.00-141.00-122.00-604.00-310.00
Price to Free Cash Flow-706.2937.8231.5328.1835.9650.01--
Deferred Taxes & Investment Tax Credit-7.002.003.003.00-2.00-1.00-2.008.00

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments1,297.001,031.001,506.002,137.001,765.001,386.00
Short Term Receivables1,842.001,594.001,773.001,643.001,580.001,555.00
Inventories203.00200.00178.00172.00175.00192.00
Other Current Assets54.0051.0065.0042.001,075.0040.00
Total Current Assets3,396.002,876.003,522.003,994.004,595.003,173.00
Net Property, Plant & Equipment23,568.0023,144.0022,499.0022,213.0021,847.0019,689.00
Total Investments and Advances5,446.005,149.004,981.004,798.004,792.005,024.00
Intangible Assets10,012.0010,056.0010,095.0010,152.0010,175.008,142.00
Other Assets1,473.001,410.001,451.001,388.001,299.001,232.00
Total Assets44,184.0042,969.0042,933.0043,005.0043,227.0037,841.00
Short Term Debt Incl. Current Port. of LT Debt57.001,306.001,306.001,557.001,551.001,548.00
Accounts Payable200.00155.00126.00108.00131.00149.00
Other Current Liabilities1,918.001,763.001,760.001,584.001,820.001,372.00
Total Current Liabilities2,175.003,224.003,192.003,249.003,502.003,069.00
Long Term Debt27,033.0024,827.0024,828.0024,605.0024,587.0020,165.00
Provision for Risks Charges0.000.000.0045.000.000.00
Deferred Tax Liabilities26.0025.0025.0025.0020.0018.00
Other Liabilities659.00641.00591.00553.00642.00540.00
Total Liabilities29,893.0028,717.0028,636.0028,477.0028,751.0023,792.00
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity14,067.0014,027.0014,071.0014,301.0014,296.0013,820.00
Total Shareholders Equity14,067.0014,027.0014,071.0014,301.0014,296.0013,820.00
Accumulated Minority Interest224.00225.00226.00227.00228.00229.00
Total Equity14,291.0014,252.0014,297.0014,528.0014,524.0014,049.00
Total Liabilities & Stockholders Equity44,184.0042,969.0042,933.0043,005.0043,275.0037,841.00
Book Value Per Share13.8913.8313.8614.0914.0613.55
Tangible Book Value Per Share4.003.923.924.094.055.57
Full-Time Employees---5,762--
Price to Book Ratio4.084.064.053.803.693.80
Return on Assets9.9411.6911.4612.2011.7911.31
Return on Equity30.6233.9333.6534.9734.3531.38
Return on Invested Capital2.832.772.343.063.973.08
Quick Ratio1.470.831.051.181.260.97
Current Ratio1.560.891.101.231.311.03

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income1,174.001,087.00922.001,203.001,555.001,058.00
Depreciation378.00365.00358.00355.00346.00324.00
Other Funds (Non Cash)-24.001.00127.00-85.00-432.0036.00
Funds from Operations1,528.001,453.001,407.001,479.001,471.001,417.00
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital-51.00249.00-60.0017.00-40.00319.00
Cash from Operating Activities1,477.001,702.001,347.001,496.001,431.001,736.00
Capital Expenditures-795.00-825.00-575.00-714.00-526.00-301.00
Net Assets From Acquisitions0.000.000.000.00-3,079.000.00
Sale of Fixed Assets and Businesses8.000.0018.00974.000.000.00
Purchase or Sale of Investments-247.00-203.00-238.00-82.00-226.00-309.00
Purchase of Investments-279.00-203.00-238.00-232.00-309.00-348.00
Sale Or Maturity of Investments32.000.000.00150.0083.0039.00
Other Uses0.000.000.000.000.000.00
Other Sources0.000.004.00-100.00100.008.00
Cash from Investing Activities-1,034.00-1,028.00-791.0078.00-3,731.00-602.00
Cash Dividends Paid-1,092.00-1,092.00-1,093.00-1,095.00-975.00-976.00
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock-50.00-50.00-50.00-100.00-100.00-100.00
Repurchase of Common Pref Stock-50.00-50.00-50.00-100.00-100.00-100.00
Sale of Common Pref Stock0.000.000.000.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.00
Issuance or Reduction of Debt, Net960.00-5.00-31.00-1.003,759.00-1,202.00
Change in Long Term Debt960.00-5.00-31.00-1.003,759.00-1,202.00
Issuance of Long Term Debt2,442.00-5.001,474.0049.004,521.000.00
Reduction of Long Term Debt-1,482.000.00-1,505.00-50.00-762.00-1,202.00
Net Financing Active Other Cash Flow5.00-2.00-13.00-6.00-5.00-4.00
Other Financing Activities Uses-10.00-7.00-17.00-10.00-11.00-11.00
Cash from Financing Activities-177.00-1,149.00-1,187.00-1,202.002,679.00-2,282.00
Net Change in Cash266.00-475.00-631.00372.00379.00-1,148.00
Free Cash Flow682.00877.00772.00782.00905.001,435.00
Price to Free Cash Flow---704.9065.5147.42

Revenue breakdown

Product2024: 2.24B 2025: 2.43B
Service2024: 6.95B 2025: 7.29B
United States2024: 9.19B 2025: 9.73B
Crude Oil and Products Logistics2024: 4.56B 2025: 4.84B
Natural Gas and NGL Services2024: 4.63B 2025: 4.89B

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-301.89%6.8M362.4M1.31M
2026-10-151.79%6.5M362.7M1.40M
2026-09-301.84%6.7M362.7M1.41M
2026-09-151.83%6.6M362.7M1.37M
2026-08-312.03%7.3M362.7M1.42M
2026-08-142.05%7.5M363.3M1.54M
2026-07-312.11%7.7M363.4M1.74M
2026-07-151.95%7.1M363.7M1.87M
2026-06-301.64%6.0M363.7M2.00M
2026-06-151.83%6.6M363.7M2.03M
2026-05-291.77%6.5M364.0M2.02M
2026-05-151.83%6.6M364.0M2.01M
2026-04-301.94%7.0M363.2M1.96M
2026-04-152.24%8.2M363.4M1.79M
2026-03-312.14%7.8M364.7M1.72M
2026-03-132.10%7.6M364.7M1.67M
2026-02-271.95%7.1M364.7M1.63M
2026-02-132.06%7.5M365.4M1.61M
2026-01-302.00%7.3M365.5M1.54M
2026-01-152.01%7.3M365.5M1.55M

Option chain

expiry 2026-11-20
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call30.000.000.0030.19-0.000.00---
call35.000.000.0022.00-0.000.00---
call40.000.000.0015.50-1.000.00---
call45.000.000.0011.20-0.000.00---
call50.000.000.007.40-10.000.00---
call52.500.000.004.10-1120.00---
call55.000.000.002.05-42.000.00---
call57.500.000.000.35-2810.00---
call60.000.000.000.10-4,2190.00---
call62.500.000.000.03-14.000.00---
call65.000.000.000.03-2,3810.00---
call67.500.000.000.00-0.000.00---
call70.000.000.000.00-0.000.00---
call75.000.000.000.00-0.000.00---
call80.000.000.000.00-0.000.00---
call85.000.000.000.00-0.000.00---
put30.000.000.000.05-1.000.00---
put35.000.000.000.00-0.000.00---
put40.000.000.000.15-33.000.00---
put45.000.000.000.07-43.000.00---
put50.000.000.000.03-1650.00---
put52.500.000.000.15-93.000.00---
put55.000.000.000.20-3,8510.00---
put57.500.000.001.10-4550.00---
put60.000.000.003.37-1,4140.00---
put62.500.000.004.15-0.000.00---
put65.000.000.000.00-0.000.00---
put67.500.000.000.00-0.000.00---
put70.000.000.000.00-0.000.00---
put75.000.000.000.00-0.000.00---
put80.000.000.000.00-0.000.00---
put85.000.000.000.00-0.000.00---

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-10144Filing for proposed sale of securities under Rule 144.SEC
2026-11-0310-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-11-038-KCurrent report2026-11-03SEC
2026-11-034Statement of changes in beneficial ownership of securities2026-11-01SEC
2026-11-034Statement of changes in beneficial ownership of securities2026-11-01SEC
2026-11-023Initial statement of beneficial ownership of securities2026-11-01SEC
2026-11-023Initial statement of beneficial ownership of securities2026-11-01SEC
2026-10-298-KCurrent report2026-10-27SEC
2026-08-248-KCurrent report2026-08-24SEC
2026-08-184Statement of changes in beneficial ownership of securities2026-08-14SEC
2026-08-184Statement of changes in beneficial ownership of securities2026-08-14SEC
2026-08-184Statement of changes in beneficial ownership of securities2026-08-14SEC
2026-08-184Statement of changes in beneficial ownership of securities2026-08-14SEC
2026-08-184Statement of changes in beneficial ownership of securities2026-08-14SEC
2026-08-184Statement of changes in beneficial ownership of securities2026-08-14SEC
2026-08-184Statement of changes in beneficial ownership of securities2026-08-14SEC
2026-08-11424B5SEC
2026-08-10FWPFiling under Securities Act Rule 163/433 of free writing prospectuses.SEC
2026-08-10424B5SEC
2026-08-054/A2026-04-30SEC
2026-08-054/A2026-04-30SEC
2026-08-054/A2026-04-30SEC
2026-08-054/A2026-04-30SEC
2026-08-054/A2026-04-30SEC
2026-08-054/A2026-04-30SEC
2026-08-054/A2026-04-30SEC
2026-08-0410-QQuarterly report pursuant to Section 13 or 15(d)2026-06-30SEC
2026-08-048-KCurrent report2026-08-04SEC
2026-05-194Statement of changes in beneficial ownership of securities2026-05-15SEC
2026-05-194Statement of changes in beneficial ownership of securities2026-05-15SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-090000
2026-080000
2026-070000
2026-060000
2026-050000
2026-040000
2026-030000
2026-020000
2026-010000
2025-120000
2025-110000

Institutional holders

Manager% owned
ALPS ADVISORS INC3.00%
Invesco Ltd.1.80%
Blackstone Inc.1.28%
GOLDMAN SACHS GROUP INC1.12%
TORTOISE CAPITAL ADVISORS, L.L.C.1.03%
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.0.79%
KAYNE ANDERSON CAPITAL ADVISORS LP0.58%
Energy Income Partners, LLC0.53%
MORGAN STANLEY0.52%
CHICKASAW CAPITAL MANAGEMENT LLC0.51%

Funds

Fund% owned
PGIM Ultra Short Bond ETF4.93%
VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND3.45%
VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND3.20%
Alerian MLP ETF2.84%
MFS Total Return Bond Fund2.70%
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund2.62%
Navigator Tactical Fixed Income Fund2.49%
VANGUARD SHORT-TERM INVESTMENT-GRADE FUND2.36%
PIMCO Dynamic Income Strategy Fund2.15%
JPMorgan Short Duration Core Plus Fund1.84%

OakChart. MPLX. Cached 15 minutes.