12 Best MLP Dividend Stocks to Buy According to Analysts

Page 5 of 10

6. MPLX LP (NYSE:MPLX)

Dividend Yield: 7.43%

Analyst Rating: Buy

MPLX LP (NYSE:MPLX) is one of the 12 best MLP dividend stocks to buy according to analysts. Following strong Q1 2025 earnings, the company consistently witnesses its Buy rating maintained by analysts.

The Ohio-based large-cap master limited partnership, MPLX LP (NYSE:MPLX) was formed in 2012 by Marathon Petroleum Corporation. The company owns and operates an integrated network of midstream energy infrastructure, including crude oil and refined product pipelines, storage terminals, marine docks, and natural gas gathering, processing, and fractionation facilities, primarily across the U.S. Midwest and Gulf Coast. In addition to MPC, the partnership also provides fuel distribution services to third-party customers.

On May 6, 2025, the company reported its Q1 2025 results, which indicated a 7% year-over-year increase in adjusted EBITDA. MPLX LP (NYSE:MPLX) also demonstrated strong commitments to capital return by distributing nearly $1 billion to unitholders and repurchasing $100 million in units.

In the following days, till June 3, 2025, various analysts, including Barclays, J.P. Morgan, and  RBC Capital, reiterated their Buy rating on the stock, suggesting notable confidence in the company’s growth potential. Among these analysts, it needs to be noted that Barclays lowered the price target from $55 to $52, pointing to ongoing economic volatility.

With a dividend yield of 7.43% and a consensus Buy rating from analysts, MPLX LP (NYSE:MPLX) remains attractive for investors seeking stable MLP dividend-based income.

Page 5 of 10