
MPLX (MPLX) Stock Forecast & Price Target
MPLX (MPLX) Analyst Ratings
Bulls say
MPLX is positioned favorably due to its ambitious capital expenditure plans, with a projected total of $2.0 billion for 2025, encompassing $1.7 billion for growth initiatives and $300 million for maintenance, signaling a robust commitment to enhancing its asset base. The partnership stands to benefit from favorable market conditions, including increasing rig activity in the Marcellus/Utica region and improving gas/NGL pricing, which are expected to enhance processing margins and boost earnings before interest, taxes, depreciation, and amortization (EBITDA). Additionally, MPLX's strong governance practices, attractive yield over 7%, and substantial free cash flow generation underscore its potential for meaningful distribution growth and investor returns in the coming years.
Bears say
MPLX faces significant project execution risks that could lead to subpar returns due to potential cost overruns and delays, which may hinder the financial performance of the partnership. Additionally, persistent weakness in natural gas and natural gas liquids (NGL) prices, coupled with challenges in commissioning new facilities and rising production in the Permian, could adversely impact revenue streams. Finally, the reliance on finite oil and natural gas reserves poses a volume risk, as declining production from these wells will inevitably lead to diminishing cash flows over time.
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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