Northwind Acquisition and Raised Price Targets Support MPLX Despite Earnings Miss

MPLX LP (NYSE:MPLX) is one of the 11 Best Energy Dividend Stocks to Invest in.

The company sees its price target elevated despite the Q2 2025 earnings results missing the estimates.

Headquartered in Ohio, MPLX LP (NYSE:MPLX) is a diversified, growth-oriented master limited partnership formed by Marathon Petroleum Corporation. The company operates a network of midstream energy infrastructure and logistics assets. This includes pipelines, terminals, and natural gas gathering and processing facilities. It also offers a full suite of services, from the wellhead to the end-user.

On August 5, 2025, MPLX LP (NYSE:MPLX) released its second-quarter earnings for 2025. It included the announcement of the Northwind Midstream acquisition. The $2.375 billion takeover is expected to enhance the Permian Natural Gas and NGL value chain. On the other hand, it was also noted that the earnings of $1.03 per unit missed the analyst estimate of $1.07, and the quarterly revenues of $3 billion missed the anticipated $3.2 billion.

Despite the results falling the expectations, the company saw its price target elevated from $57 to $60 by Stifel and Morgan Stanley. Stifel maintains a Buy rating on the stock, and Morgan Stanley sticks to their Equal Weight rating on MPLX LP (NYSE:MPLX)’s shares.

Alongside these improvements, MPLX LP (NYSE:MPLX) attracts income-seeking investors with a dividend yield of 7.60%.

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Disclosure: None. This article is originally published at Insider Monkey.