MPLX LP raises distribution by 12.5%, offers 8.5% yield with strong cash flow and growth projects ahead

MPLX LP recently increased its distribution by 12.5%, now offering an attractive 8.5% yield supported by solid cash flow coverage. The company's Q3 results showed mid-single-digit growth in EBITDA and distributable cash flow, benefiting from favorable U.S. energy exports and rising AI-driven power demand. Upcoming projects like the Bay Runner and BANGL pipeline expansions are expected to boost earnings and cash flow further. Trading at 10x EBITDA with a cash flow yield above 10%, MPLX remains undervalued with strong income and growth potential, supporting a bullish outlook.

MPLX continues to offer a high dividend yield of 8.54% on Pluang, trading at USD 56.72 with minimal daily price change. The stock's market cap stands at $57.45 billion, reflecting steady investor interest. These figures are current as of Nov 12, 2026 06:02 WIB.