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Raymond James Highlights Cash Flow Delivery as Key for MPLX LP (MPLX) Going Forward

MPLX LP (NYSE:MPLX) is included among Dividend Contenders List: Top 20 Stocks.

On January 5, Raymond James analyst Justin Jenkins downgraded MPLX LP (NYSE:MPLX) to Market Perform from Outperform, without assigning a price target.

The move came as the firm reassessed its ratings across the midstream group heading into 2026. Jenkins noted that the sector enters the new year with solid momentum, but said strong and “constructive” share performance in 2025 means the focus now shifts away from broad trends and toward execution.

Raymond James said investors are increasingly zeroed in on how individual midstream companies turn favorable macro conditions into tangible, sustainable cash flow.

The company is on firm ground. It recently bought a sour gas-treating business in the Delaware Basin, Northwest Midstream, in a $2.4 billion deal. It also picked up the remaining 55% stake in the BANGL pipeline for $715 million. That pipeline links the Permian Basin to the Gulf Coast.

These moves are about more than scale. They put MPLX LP in a strong position to benefit from the surge in data center development across Texas. Data centers consume massive amounts of power to keep servers and cooling systems running nonstop, and that is driving steady growth in natural gas demand. MPLX recently signed a letter of intent with MARA Holdings to supply natural gas from the Delaware Basin to power MARA’s electricity plants and data centers in West Texas.

At the same time, MPLX LP (NYSE:MPLX) is cleaning up its portfolio. The company is selling noncore gathering and processing assets in the Rockies, with plans to raise about $1 billion from those divestitures.

Taken together, 2025 marked an important shift for MPLX. The company invested roughly $3.5 billion in acquisitions, broadening its cash flow base beyond its long-standing ties to Marathon Petroleum. Those investments are expected to lift cash flows over time and provide room for continued dividend growth and attractive yields in the years ahead.

While we acknowledge the potential of MPLX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MPLX and that has a 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 13 Best Dividend Kings to Buy in 2026 and 14 Best Mid Cap Dividend Aristocrat Stocks to Buy Now

Disclosure: None.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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