Added to YB: 2024-02-16
Pitch date: 2024-02-15
MPLX [bullish]
MPLX LP
+61.93%
current return
Author Info
No bio for this author
Company Info
MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States.
Market Cap
$49.6B
Pitch Price
$33.87
Price Target
N/A
Dividend
7.89%
EV/EBITDA
10.39
P/E
11.52
EV/Sales
6.28
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.
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