MPLX: A Sound Growth Story Irrespective Of Iran Headlines

2026-04-19 21:58:39 ET

Units of MPLX ( MPLX ) have been a solid performer over the past year, gaining about 10% while also paying an 8% distribution. The past year was a transitional year for the partnership, with it investing significantly to expand operations, and we should see the benefit to cash flow this year. While the Iran War has created volatility in the sector, I see limited impact in the near term for MPLX and a net positive over the long term. I last covered MPLX in January , rating the stock a “buy,” and since then it has returned about 7%, exceeding the market’s 3% gain. Units had been up even more strongly, approaching my $60 price target before giving back some gain over the past three weeks. With a rapidly shifting macro environment for the oil complex, now is a good time to revisit MPLX....

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