MPLX (MPLX) Q3 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 · Editorial policy
Key numbers
- Adjusted EPS
- $1.15
- Estimate
- $1.13
- Surprise
- +2.0%
- Revenue (period 2026-09-30)
- $2.79B
- Score today
- 5.4/10
Revenue source: xbrl.
How the report landed
MPLX (MPLX) beat the $1.13 estimate with adjusted EPS of $1.15 — a modest 2.0% upside surprise.
Coverage in the report window
- CVR Energy Prices $500 Million Common Stock Offering to Fund Acquisitions from Marathon Petroleum and MPLX — fiscal.ai, 2026-11-04
Where TrendMatrix's rating stands now
TrendMatrix currently rates MPLX Hold at 5.4/10; no pre/post engine snapshot brackets this report.
2 of the last 4 quarters beat the estimate; this quarter's +2.0% surprise compares with a -3.3% four-quarter average.
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
- Leverage penalty (D/E 1.8): -1.0
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
- $57.50
- Stop
- $55.16
At 13.4× trailing and 12.0× forward earnings, consensus estimates imply little change in earnings power.
Risk check: trading volume is running 2.2× its average — elevated turnover around the report window.
Model outputs from TrendMatrix’s engine as of 2026-11-04 — 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
- $58.35B
- P/E (fwd)
- 12.0
- P/E (ttm)
- 13.4
- 52-week range
- $50.22–$60.95
- Off 52-week high
- 5.7%
- RSI (14)
- 50
- Volume vs avg
- 2.21×
- Score today
- 5.4/10