MPLX LP (MPLX) is a ‘Buy’ Amid Expected Volume Growth at NGL:UBS

MPLX LP (NYSE:MPLX) is one of the most profitable energy stocks to buy right now. On October 1, UBS reiterated a ‘Buy’ rating on the stock and a $64 price target. The positive stance follows the stock’s impressive performance with a 20.77% return over the past year.MPLX LP (MPLX) is a ‘Buy’ Amid Expected Volume Growth at NGL: UBS

UBS remains optimistic about the company’s long-term prospects, attributed to key tailwinds, including expected volume growth, particularly in the NGL segment. The volume growth would come against the backdrop of heavy maintenance activity.

Consequently, the investment bank has increased the company’s third-quarter 2025 Natural Gas/NGL EBITDA estimate from $490 million to $534 million. The increase reflects the company’s higher ownership stakes at the BANGL and Matterhorn projects.

MPLX LP (NYSE:MPLX) is a master limited partnership that owns and operates midstream energy infrastructure and logistics assets, focusing on the gathering, processing, transportation, storage, and distribution of natural gas, natural gas liquids (NGLs), crude oil, and refined products.

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Disclosure: None. This article is originally published at Insider Monkey.

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