Mplx Lp dividend yield – MPLX LP: A Compelling 9%+ Dividend Yield in the Oil and Gas Midstream Industry

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MPLX LP ($NYSE:MPLX) is one of the largest oil and gas midstream companies in the world, providing services to help transport, store, and process natural gas and crude oil. As a master limited partnership (MLP), MPLX LP is required to distribute most of its profits to shareholders as dividends, which makes the company an attractive income investment for many investors. In addition to its attractive dividend yield, MPLX LP is also an appealing option due to its long track record of returns and stability. Moreover, MPLX LP provides a diversified portfolio of assets, which helps to reduce risk and provides investors with exposure to a variety of energy markets.

Overall, MPLX LP provides investors with an opportunity to earn a compelling 9 percent or more dividend yield while also taking advantage of the long-term prospects of the oil and gas midstream industry. For those looking for an income-generating stock for their portfolio, MPLX LP is worth considering as a potential option.

Dividends – Mplx Lp dividend yield

MPLX LP has consistently issued annual dividends per share over the past three years, with each dividend amount being 2.96 USD, 2.89 USD, and 2.77 USD, respectively. This has resulted in dividend yields from 2021 to 2023 of 8.88%, 8.88%, and 10.35%, leading to an average dividend yield of 9.37%. Therefore, if you are searching for a reliable income source through dividend stocks, MPLX LP should be on your list of considerations.

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Mplx Lp. More…

Key Ratios Snapshot

Some of the financial key ratios for Mplx Lp are shown below. More…

Analysis – Mplx Lp Intrinsic Value

At GoodWhale, we conducted an in-depth analysis of MPLX LP‘s fundamentals. Our proprietary Valuation Line tool allowed us to calculate the intrinsic value of a share of MPLX LP at around $31.7. Currently, MPLX LP stock is trading at $34.0, which is around 7.1% higher than the calculated intrinsic value, indicating that the stock is fairly overvalued based on its current fundamentals. More…

Peers

MPLX LP is a publicly traded master limited partnership that owns, operates, develops, and acquires midstream energy infrastructure assets. The company’s asset portfolio includes approximately 11,800 miles of crude oil and light product pipelines, approximately 8,200 miles of natural gas pipelines, approximately 36 natural gas processing plants, and approximately 50 crude oil and light product storage facilities. MPLX LP is headquartered in Findlay, Ohio.

MPLX LP’s primary competitors are Marathon Petroleum Corp, Energy Transfer LP, and Magellan Midstream Partners LP. All three companies are engaged in the business of transporting, storing, and processing petroleum products.

– Marathon Petroleum Corp ($NYSE:MPC)

Marathon Petroleum Corp is an oil refining and marketing company with a market cap of $54.29B as of 2022. The company has a return on equity of 32.4%. Marathon Petroleum Corp is engaged in the refining, marketing, retailing and transportation of petroleum products and crude oil. The company operates through three segments: Refining & Marketing, Retail, and Midstream. Marathon Petroleum Corp was founded in 1887 and is headquartered in Findlay, Ohio.

– Energy Transfer LP ($NYSE:ET)

Energy Transfer LP is a master limited partnership that owns and operates energy infrastructure assets in the United States. The company’s assets include natural gas pipelines, natural gas storage facilities, and crude oil pipelines. Energy Transfer’s natural gas pipelines transport natural gas from production areas to market centers. The company’s crude oil pipelines transport crude oil from production areas to refineries and market centers. Energy Transfer’s natural gas storage facilities provide storage capacity for natural gas. The company also owns and operates natural gas gathering and processing facilities.

Energy Transfer’s market cap as of 2022 is 36.67B. The company has a Return on Equity of 14.71%. Energy Transfer’s business is focused on the transportation, storage, and gathering of natural gas and crude oil. The company’s pipelines transport natural gas and crude oil from production areas to market centers. Energy Transfer’s natural gas storage facilities provide storage capacity for natural gas. The company also owns and operates natural gas gathering and processing facilities.

– Magellan Midstream Partners LP ($NYSE:MMP)

Magellan Midstream Partners LP is a publicly traded partnership that owns, operates, and leases a diversified portfolio of energy infrastructure assets in the United States. The company’s assets include approximately 8,400 miles of pipelines, 80 terminals, and six product storage facilities. Magellan Midstream Partners LP is headquartered in Tulsa, Oklahoma.

Summary

MPLX LP is a midstream oil and gas giant that has been a popular stock for dividend investors. The company currently offers an impressive yield of over 9%, making it an attractive option for those looking to add high-yielding stocks to their portfolio. Analysts have speculated that the company’s strong balance sheet and steady earnings growth make it a reliable investment. Despite some market volatility, MPLX LP has held up well compared to its peers in the energy sector.

Furthermore, the company’s strong financials indicate that its dividend should remain safe in the short-term. All in all, investors looking for a dependable and high-yielding stock should definitely consider MPLX LP.