MPLX LP has been upgraded to a bullish rating due to its attractive 7.71% yield and expected 12.5% distribution growth. The company plans $2.4 billion in growth capital expenditures targeting Permian-to-Gulf Coast gas and NGL infrastructure, aligned with rising U.S. LNG exports. Strategic moves like recent mergers, divestitures, and fee-based contracts position MPLX for improved profitability as new projects come online by 2026. Key risks include production volatility in the Permian region, leverage at 3.7x, and potential disruptions from emerging energy technologies.
Midstream Master Limited Partnerships (MLPs) experienced a 10.1% increase in normalized distributions in 2025, reflecting broad-based dividend growth supported by improved free cash flow and reduced leverage. Over the past decade, MLPs have strengthe...
The Alerian MLP ETF (AMLP) is up about 17% year-to-date, trading near $53 with a 7.8% yield from a $4.12 forward payout. AMLP holds major midstream MLPs like MPLX, Enterprise Products, Energy Transfer, and Western Midstream, which recently raised the...
