MPLX (MPLX) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Adjusted EPS
- $1.06
- Estimate
- $1.06
- Surprise
- -0.3%
- Revenue (period 2026-06-30)
- $2.62B
- Score at report (before → after)
- 4.9 → 5.0/10
Revenue source: xbrl.
How the report landed
MPLX (MPLX) reported adjusted EPS of $1.06, in line with the $1.06 estimate. TrendMatrix's engine moved from Hold (4.9/10) to Buy (Wait) at 5.0/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates MPLX Hold at 5.1/10.
2 of the last 4 quarters beat the estimate; this quarter's -0.3% surprise compares with a +6.2% four-quarter average. Next scheduled report: 2026-11-03.
What supports the rating
- V7 quality resilience bonus: +0.2 (Q=7.0 in RISK_OFF)
- Sector modifier (Energy): +1.2
What argues against it
- Concentration risk — Customer: MPC (Crude Oil and Products Logistics segment) (88.0%)
- Analyst target reached - limited upside remaining
- Near 52-week high (4.5% away)
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $58.23
- Price target
- $59.18
- Stop
- $56.13
- Upside to target
- +1.6%
At 12.7× trailing and 12.2× forward earnings, consensus estimates imply little change in earnings power.
Model outputs from TrendMatrix’s engine as of 2026-09-24 — shown for context, not personalized investment advice.
MPLX at TrendMatrix's latest read
Energy results are commodity-price arithmetic first; the operational beat or miss is read net of what the strip already told the market.
- Industry
- Oil & Gas Midstream
- Market cap
- $59.63B
- P/E (fwd)
- 12.2
- P/E (ttm)
- 12.7
- 52-week range
- $47.80–$60.95
- Off 52-week high
- 4.5%
- RSI (14)
- 41
- Volume vs avg
- 0.50×
- Score today
- 5.1/10