ET
Price
$20.36
Change
+$0.12 (+0.59%)
Updated
Jul 31 closing price
Capitalization
70.06B
One day until earnings call
Intraday BUY SELL Signals
MPLX
Price
$58.45
Change
+$0.84 (+1.46%)
Updated
Jul 31 closing price
Capitalization
59.31B
One day until earnings call
Intraday BUY SELL Signals
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ET vs MPLX

ET vs MPLX Comparison Chart in %
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Aug 03, 2026

Which Stock Would AI Choose? Energy Transfer LP (ET) vs. MPLX LP (MPLX) Stock Comparison

Key Takeaways

  • Both ET and MPLX are midstream energy Master Limited Partnerships (MLPs) focused on fee-based infrastructure assets with stable cash flows.
  • ET recently raised its quarterly distribution to $0.34 per unit, while MPLX maintains a distribution of approximately $1.0765–$1.08 per unit, supporting respective yields near 6.6% and 7.4%.
  • Both partnerships are scheduled to report second-quarter 2026 results on August 4, 2026, with ET highlighting raised EBITDA guidance and MPLX emphasizing distribution coverage.
  • Over recent market activity, ET has shown stronger year-to-date price appreciation compared with MPLX, reflecting differences in scale and growth exposure.
  • ET operates a larger, more diversified asset base, while MPLX benefits from integration with its sponsor, Marathon Petroleum.
  • Market sentiment for both remains supported by sector tailwinds, though leverage and payout sustainability differ between the two.

Introduction

Energy Transfer LP (ET) and MPLX LP (MPLX) are two prominent midstream energy MLPs that provide essential pipeline, storage, and processing services. This comparison examines their business models, recent performance trends, and relative positioning within the energy infrastructure sector. The analysis is relevant for income-focused investors, traders monitoring distribution sustainability, and market participants evaluating exposure to fee-based energy assets amid fluctuating commodity prices and regulatory environments.

ET Overview and Recent Performance

Energy Transfer LP (ET) is one of the largest midstream operators in the United States, managing an extensive network of pipelines, terminals, and processing facilities that transport natural gas, crude oil, and natural gas liquids. Recent market activity has been influenced by raised full-year EBITDA guidance, driven by completed expansion projects and favorable energy market conditions. The partnership increased its quarterly cash distribution to $0.34 per common unit, marking continued growth in payouts. Stock price behavior in recent weeks has reflected broader sector strength, with shares trading near the upper end of their 52-week range amid analyst price target revisions and upcoming earnings.

MPLX Overview and Recent Performance

MPLX LP (MPLX) operates as a sponsored MLP with a focus on crude oil and refined product pipelines, storage terminals, and natural gas gathering and processing assets, many of which are integrated with its sponsor Marathon Petroleum. Recent performance has been supported by steady distribution reaffirmation and expectations for stable fee-based revenues. The partnership maintains a quarterly distribution of approximately $1.0765–$1.08 per unit. In recent market activity, shares have exhibited more measured price movements relative to peers, with attention centered on earnings coverage and capital spending plans ahead of the August 4, 2026, results release.

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Head-to-Head Comparison

Energy Transfer LP (ET) and MPLX LP (MPLX) both generate predominantly fee-based revenues through long-term contracts, reducing direct commodity price exposure. ET offers greater scale and geographic diversification, including significant Permian Basin and export-related assets, which support broader growth drivers but entail higher leverage. MPLX benefits from sponsor-backed stability and potentially tighter distribution coverage. Recent momentum has favored ET on price appreciation, while MPLX has provided a comparatively higher yield. Risk factors include regulatory and interest-rate sensitivity for both, with ET carrying a larger absolute debt load. Market sentiment reflects shared sector tailwinds, tempered by individual differences in payout growth trajectories and earnings visibility.

Tickeron AI Verdict

Based on observable factors such as distribution momentum, earnings visibility, and relative positioning within the midstream sector, Tickeron’s AI models would currently assign a probabilistic edge to MPLX LP (MPLX) for stability-focused strategies, while noting Energy Transfer LP (ET) may offer advantages in growth-oriented scenarios. This assessment reflects trend consistency and catalyst alignment without implying definitive outcomes.

Disclaimer

The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.

Disclaimers and Limitations

VS
ET vs. MPLX commentary
Aug 03, 2026

To compare these two companies we present long-term analysis, their fundamental ratings and make comparative short-term technical analysis which are presented below. The conclusion is ET is a Hold and MPLX is a Hold.

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COMPARISON
Comparison
Aug 03, 2026
Stock price -- (ET: $20.36 vs. MPLX: $58.45)
Brand notoriety: ET: Notable vs. MPLX: Not notable
Both companies represent the Oil & Gas Pipelines industry
Current volume relative to the 65-day Moving Average: ET: 101% vs. MPLX: 80%
Market capitalization -- ET: $70.06B vs. MPLX: $59.31B
ET [@Oil & Gas Pipelines] is valued at $70.06B. MPLX’s [@Oil & Gas Pipelines] market capitalization is $59.31B. The market cap for tickers in the [@Oil & Gas Pipelines] industry ranges from $118.87B to $0. The average market capitalization across the [@Oil & Gas Pipelines] industry is $17.18B.

Long-Term Analysis

It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is undervalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).

ET’s FA Score shows that 3 FA rating(s) are green whileMPLX’s FA Score has 3 green FA rating(s).

  • ET’s FA Score: 3 green, 2 red.
  • MPLX’s FA Score: 3 green, 2 red.
According to our system of comparison, MPLX is a better buy in the long-term than ET.

Short-Term Analysis

It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.

If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.

ET’s TA Score shows that 5 TA indicator(s) are bullish while MPLX’s TA Score has 4 bullish TA indicator(s).

  • ET’s TA Score: 5 bullish, 5 bearish.
  • MPLX’s TA Score: 4 bullish, 4 bearish.
According to our system of comparison, ET is a better buy in the short-term than MPLX.

Price Growth

ET (@Oil & Gas Pipelines) experienced а 0.00% price change this week, while MPLX (@Oil & Gas Pipelines) price change was -0.34% for the same time period.

The average weekly price growth across all stocks in the @Oil & Gas Pipelines industry was -0.80%. For the same industry, the average monthly price growth was +6.86%, and the average quarterly price growth was +19.49%.

Reported Earning Dates

ET is expected to report earnings on Aug 04, 2026.

MPLX is expected to report earnings on Aug 04, 2026.

Industries' Descriptions

@Oil & Gas Pipelines (-0.80% weekly)

Oil & Gas Pipelines industry includes companies that transport natural gas and crude oil through pipelines. These companies also collect and market the fuels. The pipeline segment could be considered as a midstream operation – functioning as a link between the upstream and downstream operations in the oil and gas industry. Some of the largest U.S. pipeline players include Enterprise Products Partners L.P, TC Energy Corporation and Energy Transfer, L.P.

SUMMARIES
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FUNDAMENTALS
Fundamentals
ET($70.1B) has a higher market cap than MPLX($59.3B). ET has higher P/E ratio than MPLX: ET (16.97) vs MPLX (12.65). ET YTD gains are higher at: 27.953 vs. MPLX (13.843). ET has higher annual earnings (EBITDA): 15.9B vs. MPLX (7.22B). MPLX has more cash in the bank: 1.51B vs. ET (951M). MPLX has less debt than ET: MPLX (26.1B) vs ET (71.1B). ET has higher revenues than MPLX: ET (92.3B) vs MPLX (11.4B).
ETMPLXET / MPLX
Capitalization70.1B59.3B118%
EBITDA15.9B7.22B220%
Gain YTD27.95313.843202%
P/E Ratio16.9712.65134%
Revenue92.3B11.4B810%
Total Cash951M1.51B63%
Total Debt71.1B26.1B272%
FUNDAMENTALS RATINGS
ET vs MPLX: Fundamental Ratings
ET
MPLX
OUTLOOK RATING
1..100
2693
VALUATION
overvalued / fair valued / undervalued
1..100
4
Undervalued
8
Undervalued
PROFIT vs RISK RATING
1..100
122
SMR RATING
1..100
6631
PRICE GROWTH RATING
1..100
4546
P/E GROWTH RATING
1..100
2846
SEASONALITY SCORE
1..100
5050

Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.

ET's Valuation (4) in the Oil And Gas Pipelines industry is in the same range as MPLX (8). This means that ET’s stock grew similarly to MPLX’s over the last 12 months.

MPLX's Profit vs Risk Rating (2) in the Oil And Gas Pipelines industry is in the same range as ET (12). This means that MPLX’s stock grew similarly to ET’s over the last 12 months.

MPLX's SMR Rating (31) in the Oil And Gas Pipelines industry is somewhat better than the same rating for ET (66). This means that MPLX’s stock grew somewhat faster than ET’s over the last 12 months.

ET's Price Growth Rating (45) in the Oil And Gas Pipelines industry is in the same range as MPLX (46). This means that ET’s stock grew similarly to MPLX’s over the last 12 months.

ET's P/E Growth Rating (28) in the Oil And Gas Pipelines industry is in the same range as MPLX (46). This means that ET’s stock grew similarly to MPLX’s over the last 12 months.

TECHNICAL ANALYSIS
Technical Analysis
ETMPLX
RSI
ODDS (%)
Bearish Trend 4 days ago
47%
Bearish Trend 4 days ago
39%
Stochastic
ODDS (%)
Bearish Trend 4 days ago
30%
Bearish Trend 4 days ago
27%
Momentum
ODDS (%)
Bullish Trend 4 days ago
60%
Bullish Trend 4 days ago
50%
MACD
ODDS (%)
Bearish Trend 4 days ago
41%
Bullish Trend 4 days ago
51%
TrendWeek
ODDS (%)
Bullish Trend 4 days ago
54%
Bearish Trend 4 days ago
29%
TrendMonth
ODDS (%)
Bullish Trend 4 days ago
53%
Bullish Trend 4 days ago
47%
Advances
ODDS (%)
Bullish Trend 4 days ago
53%
Bullish Trend 11 days ago
51%
Declines
ODDS (%)
Bearish Trend 8 days ago
40%
Bearish Trend 5 days ago
31%
BollingerBands
ODDS (%)
Bearish Trend 4 days ago
49%
Bearish Trend 4 days ago
25%
Aroon
ODDS (%)
Bullish Trend 4 days ago
54%
Bullish Trend 4 days ago
42%
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ET
Daily Signal:
Gain/Loss:
MPLX
Daily Signal:
Gain/Loss:
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ET and

Correlation & Price change

A.I.dvisor indicates that over the last year, ET has been loosely correlated with OKE. These tickers have moved in lockstep 60% of the time. This A.I.-generated data suggests there is some statistical probability that if ET jumps, then OKE could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ET
1D Price
Change %
ET100%
+0.59%
OKE - ET
60%
Loosely correlated
+1.95%
EPD - ET
57%
Loosely correlated
+1.30%
WES - ET
55%
Loosely correlated
-0.04%
KMI - ET
53%
Loosely correlated
+1.64%
PAA - ET
52%
Loosely correlated
+0.69%
More

MPLX and

Correlation & Price change

A.I.dvisor indicates that over the last year, MPLX has been loosely correlated with DKL. These tickers have moved in lockstep 52% of the time. This A.I.-generated data suggests there is some statistical probability that if MPLX jumps, then DKL could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To MPLX
1D Price
Change %
MPLX100%
+1.46%
DKL - MPLX
52%
Loosely correlated
+1.96%
ET - MPLX
47%
Loosely correlated
+0.59%
PAA - MPLX
44%
Loosely correlated
+0.69%
PAGP - MPLX
44%
Loosely correlated
+0.62%
DTM - MPLX
42%
Loosely correlated
+0.90%
More