Added to YB: 2024-02-16
Pitch date: 2024-02-15
MPLX [bullish]
MPLX LP
+78.45%
current return
Author Info
Equity Researcher | Thematic Trader | Uncovering the picks and shovels of AI infrastructure. Sign up for the newsletter.
Company Info
MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States.
Market Cap
$57.8B
Pitch Price
$32.01
Price Target
N/A
Dividend
7.56%
EV/EBITDA
11.26
P/E
12.35
EV/Sales
7.04
Sector
Oil, Gas and Consumable Fuels
Category
dividend
MPLX LP: A 9.0% Midstream Yield At A Bargain Price
MPLX: 9% yield, 10% dist. growth potential in '24. FY23: 1.6X coverage, 10% Q4 hike from EBITDA growth. $37.8B mcap, diversified midstream biz. Permian & Bakken investments, Agua Dulce project drove record $6.3B EBITDA. Delevered 4.1X to 3.3X since '19. Valued 8.9X EV/EBITDA vs EPD, environmental reg risk. Growth opps & strong coverage stand out for income investors.
Read full article (6 min)