MPLX

MPLX

Market cap $55.7B

A golden yield-and-growth combo is something most investors assume they'll rarely find. Defensive income machines keep quietly compounding at double-digit rates. This trio could change how you think about dividend ETFs.

MPLX LP (MPLX) concluded the recent trading session at $53.84, signifying a +1.58% move from its prior day's close.

MPLX LP offers a compelling midstream investment, with fee-based revenues and high cash conversion, largely insulated from commodity price swings. MPLX boasts a strong balance sheet, a debt/adj. EBITDA ratio just above 3x, and well-laddered maturities through 2030. The recent 12.5% distribution hike, with management confident in sustaining growth, underpins MPLX's appeal for income-focused investors.

MPLX LP offers a compelling 8%+ dividend yield, strong dividend growth, and resilient energy infrastructure exposure. AI-driven data center demand is set to accelerate MPLX's natural gas and pipeline business, supporting future EBITDA and distributable cash flow growth. MPLX's recent 12.5% dividend hike and 4–5% annual EBITDA growth suggest sustainable long-term dividend growth, even if the pace moderates.

MPLX remains a top income-oriented pick, offering an 8%+ yield and strong distribution growth prospects into 2026. Recent M&A, including full ownership of the BANGL pipeline and Permian expansion, positions MPLX for accelerated EBITDA and distribution growth. Distribution coverage remains robust at 1.3x, supporting a 12.5% dividend hike and ongoing buybacks, with leverage expected to decline as growth assets ramp.

Oil and gas pipeline Energy Transfer offers a high yield and has set its sights on strong growth. Fellow midstream player MPLX has been growing its distribution and is in good financial shape.

In the market, high yields are easy to find in the energy space, but dividend growth is a whole different story.

I increased my forward projected dividend income by $86.77 (1.4%) in December, reaching $6,289.66. My portfolio strategy blends high-growth names like Broadcom (AVGO), Microsoft, and Visa with high-yielders such as SPYI and MPLX. Dividend reinvestments and increases, especially from AVGO and EPRT, drove nearly 83% of new forward income this month.

These stocks offer yields of between 6.8% and 9.4%. All of them appear to be in a good position to continue paying dividends at least at current levels throughout 2026.

MPLX LP (MPLX) reached $53.3 at the closing of the latest trading day, reflecting a -1.06% change compared to its last close.