MPLX: A Decade of Dividends (and Avoiding Eye Contact)

MPLX is basically a plumbing system for energy. Pipelines, processing plants, storage – it’s all very… infrastructure-y. And that’s good! Stable cash flow, supported by government regulations and contracts with its parent, Marathon Petroleum. It’s not glamorous, but it works. It’s the corporate equivalent of sensible shoes. Last year, they covered their payout 1.4 times over. Which means they had enough left over to… fund more pipelines. It’s a beautiful, self-perpetuating cycle. Their leverage ratio is a respectable 3.7 – meaning they’re not borrowing money to buy yachts… yet.






