Mplx stock price ’s recent uptick is backed by

MPLX stock price’s recent uptick is backed by optimistic forward EBITDA estimates, with consensus forecasting mid-single-digit annual growth through Among the latest developments, ONEOK’s joint venture with WhiteWater, MPLX LP, and Enbridge to build the Eiger Express Pipeline stands out. This project increases future throughput capacity from the Permian Basin, aligning with the company’s focus on capturing additional fee-based volumes, a catalyst central to sustaining earnings and mitigating headwinds from market volatility. Since being added to the Zacks Focus List on March 26, 2024 at $40.69 per share, shares of MPLX have increased 29.02% to $52.5. As of the latest session, MPLX stock price reflects strong dividend yield attraction at ~8.6%, which is increasingly appealing in a tightening U.S. interest rate environment.