UBS Reiterates Buy Rating on MPLX LP (MPLX)

UBS analyst Manav Gupta reiterated a Buy rating and $64.00 price target on MPLX LP (NYSE: MPLX).

The analyst commented, "We adjust our 1Q25 EBITDA estimate to $1,733MM (from $1,686MM) vs. 4Q24 EBITDA of $1,762MM, in line with Street estimate of $1,730MM. The QoQ decrease is driven by two less days in the quarter along with MPC's lower refining utilization, partially offset by tailwind from higher NGL prices (UBSe ~$5MM). We estimate Crude Oil and Product Logistics segment EBITDA of $1,107MM vs. $1,123MM in 4Q24. We expect Natgas and NGL segment EBITDA of $626MM vs. $639MM in 4Q24. For 1Q25, we model FCF after capex and distributions of $170MM vs. $344MM in 4Q24."

For an analyst ratings summary and ratings history on MPLX LP click here. For more ratings news on MPLX LP click here.

Shares of MPLX LP closed at $53.52 yesterday.

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