JPMorgan Cites Cooling Upside Potential for MPLX in 2025

MPLX LP (NYSE:MPLX) is included among the 15 Blue Chip Dividend Stocks to Build a Passive Income Porfolio.

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JPMorgan reduced its price target on MPLX LP (NYSE:MPLX) to Neutral from Overweight on December 1 and maintained a $57 price target. The firm mentioned that the stock has already surpassed its peers in 2025, leaving less room to grow. The analyst also highlighted a few near-term catalysts and said that risk/reward appears to be more balanced now, which led to the downgrade.

In addition to working on several growth projects, MPLX LP (NYSE:MPLX)’s major focus is on strengthening its Permian-to-Gulf Coast network. The company is actively investing in long-distance pipelines that would transfer natural gas and natural-gas liquids from the Permian Basin to export facilities along the Gulf Coast. Through these developments, the partnership is expected to boost its cash generation.

MPLX LP (NYSE:MPLX)’s energy asset base, which includes oil pipelines, gas processing plants, and storage terminals, contributes generously to the company’s already growing cash flow due to regulated rate structures and long-term contracts. In the first nine months of the year, the company reported a cash flow of $4.3 billion, which comfortably covered its dividend. The partnership has also rewarded shareholders with growing dividends for the past 12 consecutive years.

MPLX LP (NYSE:MPLX) is a master limited partnership that owns a range of midstream energy assets.

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