
MPLX (MPLX) Stock Forecast & Price Target
MPLX (MPLX) Analyst Ratings
Bulls say
MPLX has demonstrated solid financial growth, achieving a compounded annual growth rate of 7% in both EBITDA and DCF over the past four years, with expectations for this trend to continue due to new assets coming online that will generate stable cash flows. The recent Northwind acquisition further enhances MPLX's growth potential, although complete benefits from the expansion may take 12 to 18 months to materialize. Additionally, the partnership's management projects a distribution growth rate of 12.5% moving forward, which is sustainable within its cash flow parameters.
Bears say
MPLX's stock outlook is negatively impacted by persistent unrealized losses on commodity hedges, indicating vulnerability to market volatility in energy prices. Additionally, the partnership faces specific risks such as potential delays in natural gas and natural gas liquids pipeline projects in the Northeast and reduced support from its sponsor, Marathon Petroleum, which could hinder growth and operational stability. Finally, changes in the U.S. refining outlook and uncertainties surrounding tax rulings for Marathon's assets further complicate MPLX's financial landscape, potentially affecting its overall performance.
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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