Enterprise Products Partners L.P. (EPD) vs MPLX (MPLX)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
MPLX (MPLX) has outperformed Enterprise Products Partners L.P. (EPD) over the past year, gaining 17.7% versus a gain of 16.4%. Over five years, MPLX leads with a +85.6% price change compared with +52.2% for EPD. Enterprise Products Partners L.P. is the larger company by market cap ($79.71 billion vs $57.84 billion), about 1.4 times the size, while MPLX is growing revenue faster (+8.9% vs -6.4%).
On valuation, Enterprise Products Partners L.P. trades at a lower forward P/E (11.6x vs 11.8x for MPLX). MPLX offers the higher dividend yield (7.55% vs 5.97%). MPLX converts more of its revenue into profit, with a net margin of 38.1% versus 11.0%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | EPD | MPLX |
|---|---|---|
| Share price | $36.91 | $57.05 |
| Market cap | $79.71B | $57.84B |
| 1-day change | -0.94% | -1.25% |
| YTD return | +15.13% | +8.24% |
| 1-year return | +16.40% | +17.66% |
| 5-year return | +52.21% | +85.64% |
| P/E ratio (TTM) | 12.82 | 12.27 |
| Forward P/E | 11.60 | 11.84 |
| EPS (TTM) | $2.88 | $4.65 |
| Dividend yield | 5.97% | 7.55% |
| Annual dividend | $2.21 | $4.31 |
| Revenue (latest FY) | $52.60B | $13.00B |
| Revenue growth (YoY) | -6.44% | +8.92% |
| Net income (latest FY) | $5.81B | $4.95B |
| Gross margin | 26.68% | — |
| Operating margin | 13.81% | 45.72% |
| Net margin | 11.05% | 38.10% |
| 52-week high | $40.17 | $60.95 |
| 52-week low | $30.01 | $47.80 |
| Distance from 52-week high | -8.12% | -6.40% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +12.11% | +10.17% |
| Average volume | 3.04M | 1.41M |
| Shares outstanding | 2.16B | 1.01B |
| Sector | Energy | Energy |
| Industry | Oil & Gas Midstream | Oil & Gas Midstream |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- MPLX offers a meaningfully higher dividend yield (7.55% vs 5.97%).
- MPLX is more profitable, keeping 38.1 cents of every revenue dollar as net income versus 11.0 cents for Enterprise Products Partners L.P..
- MPLX grew revenue faster in its latest fiscal year (+8.92% vs -6.44%).
About Enterprise Products Partners L.P.
EPD stock →Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products.
Energy · Oil & Gas Midstream
About MPLX
MPLX stock →MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. It operates in two segments, Crude Oil and Products Logistics; and Natural Gas and NGL Services.
Energy · Oil & Gas Midstream
EPD vs MPLX FAQ
Which is bigger, Enterprise Products Partners L.P. or MPLX?
Enterprise Products Partners L.P. (EPD) is larger, with a market capitalization of $79.71B compared with $57.84B for MPLX (MPLX).
Which stock has performed better over the past year, EPD or MPLX?
MPLX returned +17.66% over the past 12 months, compared with +16.40% for EPD (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, EPD or MPLX?
MPLX has the lower trailing P/E at 12.3, versus 12.8 for EPD. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Enterprise Products Partners L.P. or MPLX?
MPLX has the higher yield at 7.55%, compared with 5.97% for Enterprise Products Partners L.P..
Are Enterprise Products Partners L.P. and MPLX in the same industry?
Yes. Both are classified in the Oil & Gas Midstream industry within the Energy sector.