MPLX

MPLX

Market cap $55.3B

MPLX generates more than enough stable cash flow to cover its high-yielding distribution. The MLP also has a rock-solid balance sheet.

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Having just upped its quarterly distribution per unit by 12.5%, MPLX LP is a passive income machine. The partnership has made several recent moves to drive adjusted EBITDA and DCF growth for the foreseeable future. Following recent acquisitions, MPLX's leverage ratio remains sustainable.

Energy sector fundamentals are strengthening as both demand and supply are increasingly supported by governments and major organizations, reversing years of pessimism. Oil and natural gas demand is projected to grow through 2050, with the IEA and Goldman Sachs revising their outlooks upward, especially as renewables adoption slows. Midstream companies like WMB, KMI, TRP, ET, DT, and MPLX are poised to benefit from infrastructure expansion, alleviating supply bottlenecks and supporting future growth.

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The macro data suggest that dividend investors may be in for a rude surprise in the wake of the Fed's rate cuts. Because a major macro shift is underway, the usual assumptions dividend investors make may no longer be reliable. I also share how I am seeking to avoid potentially the most dangerous mistake many dividend investors are making right now.

HOUSTON , Nov. 13, 2025 /PRNewswire/ -- Harvest Midstream ("Harvest") has closed its previously announced $1 billion acquisition from MPLX LP (NYSE: MPLX), adding an extensive natural gas gathering and processing network in the Uinta and Green River basins spanning Wyoming, Utah, and Colorado. The transaction significantly expands Harvest's national footprint and strengthens its position as one of the largest privately held midstream companies in the U.S. "This deal is about growth through action," said Jason C.

Discover the 3 dividend-paying powerhouses I'd trust to fund a lifetime of passive income. These high-yield investments combine safety, growth, and tax efficiency like few others. Learn why I believe these picks could anchor a durable dividend retirement portfolio.

Summary Midstream/MLP earnings results for the third quarter were largely in line with consensus expectations, which had generally come down heading into earnings season. Beyond results, select companies announced acquisitions, data center deals, and plans for dividend increases.

The highest-yielding dividends in the energy industry tend to come from pipeline MLPs. Enterprise Products Partners is an MLP with lots of upcoming expansion projects.