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Investing.com - Stifel raised its price target on MPLX LP (NYSE:MPLX) to $60.00 from $57.00 on Thursday, while maintaining a Buy rating on the stock. According to InvestingPro data, MPLX is currently trading slightly below its Fair Value, with analyst targets ranging from $53 to $64.
The price target increase follows MPLX’s second-quarter 2025 results, which Stifel noted came in below their expectations. Despite the earnings miss, the firm expressed confidence in the partnership’s growth trajectory, supported by MPLX’s strong financial health metrics and 4.7% revenue growth over the last twelve months.
Stifel highlighted MPLX’s recent Northwind acquisition as a positive catalyst, though it cautioned that the full benefits may take 12-18 months to materialize as expansion projects get underway.
The firm also pointed to management’s commentary about maintaining the partnership’s distribution growth rate at 12.5% "for the foreseeable future, while living within cash flows" as an encouraging sign.
MPLX remains on Stifel’s Select List, with the firm citing anticipated volume increases on existing assets such as BANGL, along with contributions from the Northwind acquisition, as key factors in its outlook for 2026.
In other recent news, MPLX LP reported its second-quarter earnings for 2025, which fell short of analyst expectations. The company announced an earnings per share (EPS) of $1.03, missing the forecasted $1.06. Additionally, MPLX LP reported revenue of $3 billion, which was below the anticipated $3.18 billion. These figures reflect a slight shortfall in both earnings and revenue projections. Despite the earnings miss, there are no reports of significant changes in analyst ratings or recommendations for MPLX LP at this time. Investors and stakeholders are likely to monitor future performance closely. The financial performance in this quarter is a key development for those following the company’s progress.
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