JP Morgan downgraded MPLX LP (MPLX) to Neutral from Overweight on November 30, 2025. The current price stands at $54.44.
This downgrade underscores increased caution regarding MPLX's outlook, potentially reflecting concerns about competitive pressures, market conditions, or execution risks. As a midstream energy infrastructure company, MPLX operates a network of approximately 14,766 miles of pipelines and associated storage assets, and serves both crude oil and natural gas markets.
MPLX has a market capitalization of $54.6 billion, a price-to-earnings ratio of 11.32, and reported earnings per share of $4.72. The firm also boasts a dividend yield of 802.8%.
Upcoming earnings are scheduled for August 3, 2026, with an estimated EPS of $1.13 and revenue of $3.3 billion. In its most recent earnings report for Q3 2025, MPLX posted an EPS of $1.52, exceeding estimates by 37.9%.
Analyst consensus currently indicates 4 Strong Buy, 10 Buy, 5 Hold, and 1 Sell ratings, resulting in an overall consensus rating of Buy. Recent analyst actions include a downgrade by JP Morgan and maintain ratings from firms such as Morgan Stanley and RBC Capital.
Analyst ratings and price targets provide professional opinions based on research and financial models, and while they can offer valuable insights, they are based on assumptions that may not materialize. Investors should consider a range of factors, including company fundamentals and market trends, when making decisions.