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MPLX Gears Up to Report Q4 Earnings: What's in the Cards?

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Key Takeaways

  • MPLX will report Q4 2025 results on Feb. 3, with EPS expected to rise 0.9% year over year.
  • Revenues are projected to grow 8.9% to $3.3 billion, driven by stable fee-based midstream operations.
  • Higher capital spending and acquisitions may have pressured MPLX's cash flows in the quarter.

MPLX LP (MPLX - Free Report) is set to report fourth-quarter 2025 results on Feb. 3, before the opening bell.

In the last reported quarter, the large-cap master limited partnership’s adjusted earnings of $1.52 per share beat the Zacks Consensus Estimate of $1.07 due to increased gathering throughput and natural gas processed volumes.

The midstream player beat on earnings in three of the trailing four quarters and missed the mark once, delivering an average surprise of 11.24%. This is depicted in the graph below:

MPLX LP Price and EPS Surprise

MPLX LP Price and EPS Surprise

MPLX LP price-eps-surprise | MPLX LP Quote

MPLX’s Estimate Trend

The Zacks Consensus Estimate for fourth-quarter earnings per share of $1.08 has witnessed one downward revision in the past seven days. The consensus estimate implies an improvement of 0.9% from the year-ago reported number.

The Zacks Consensus Estimate for revenues of $3.3 billion indicates an 8.9% increase from the year-ago reported figure.

Factors to Consider for MPLX

Being a midstream energy player, the partnership is likely to have generated stable fee-based revenues in the December quarter of 2025 from its asset base, comprising pipeline networks that transport crude oil and refined products. MPLX is also expected to have generated cash flows from its natural gas and NGL processing and fractionation facilities. However, elevated growth capital spending and acquisitions might have hurt MPLX’s cash flows.

Earnings Whispers

Our proven model doesn’t predict an earnings beat for MPLX this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the chances of an earnings beat. That is not the case here, as you will see below.

Earnings ESP: MPLX has an Earnings ESP of -1.67%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: The partnership currently carries a Zacks Rank #3.

Stocks to Consider

Here are some stocks that you may want to consider, as these have the right combination of elements to post an earnings beat this reporting cycle.

Antero Resources (AR - Free Report) currently has an Earnings ESP of +7.04% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.

AR is scheduled to release fourth-quarter earnings on Feb. 11. The Zacks Consensus Estimate for earnings is pegged at 49 cents per share, suggesting a 15.5% decrease from the prior-year reported figure.

Antero Midstream Corporation (AM - Free Report) presently has an Earnings ESP of +0.84% and a Zacks Rank #3.

Antero Midstream is scheduled to release fourth-quarter earnings on Feb. 11. The Zacks Consensus Estimate for earnings is pegged at 24 cents per share, suggesting a 4.35% increase from the prior-year reported figure.

BP plc (BP - Free Report) currently has an Earnings ESP of +2.47% and a Zacks Rank #3.

BP is scheduled to release fourth-quarter earnings on Feb. 10. The Zacks Consensus Estimate for BP’s earnings is pegged at 57 cents per share, suggesting a 30% improvement from the prior-year reported figure.

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