MPLX (MPLX) vs National Grid Transco National Grid (NEW) (NGG)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
MPLX (MPLX) has outperformed National Grid Transco National Grid (NEW) (NGG) over the past year, gaining 17.4% versus a gain of 4.8%. Over five years, MPLX leads with a +84.2% price change compared with +25.2% for NGG. National Grid Transco National Grid (NEW) is the larger company by market cap ($77.52 billion vs $58.11 billion), about 1.3 times the size.
On valuation, National Grid Transco National Grid (NEW) trades at a lower forward P/E (11.7x vs 11.9x for MPLX). MPLX offers the higher dividend yield (7.51% vs 0.63%).
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 | MPLX | NGG |
|---|---|---|
| Share price | $57.32 | $77.11 |
| Market cap | $58.11B | $77.52B |
| 1-day change | +0.47% | +1.31% |
| YTD return | +7.40% | -0.31% |
| 1-year return | +17.36% | +4.75% |
| 5-year return | +84.19% | +25.16% |
| P/E ratio (TTM) | 12.33 | 17.56 |
| Forward P/E | 11.89 | 11.69 |
| EPS (TTM) | $4.65 | $4.39 |
| Dividend yield | 7.51% | 0.63% |
| Annual dividend | $4.31 | $0.485 |
| Revenue (latest FY) | $13.00B | — |
| Revenue growth (YoY) | +8.92% | — |
| Net income (latest FY) | $4.95B | — |
| Operating margin | 45.72% | — |
| Net margin | 38.10% | — |
| 52-week high | $60.95 | $94.64 |
| 52-week low | $47.80 | $73.28 |
| Distance from 52-week high | -5.96% | -18.52% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +9.65% | +18.26% |
| Average volume | 1.40M | 834.94K |
| Shares outstanding | 1.01B | 1.01B |
| Employees | — | 33,026 |
| Sector | Energy | Utilities |
| Industry | Oil & Gas Midstream | Natural Gas Distribution |
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 has outperformed NGG by 12.6 percentage points over the past year.
- National Grid Transco National Grid (NEW) trades at a higher earnings multiple (17.6x vs 12.3x trailing P/E).
- MPLX offers a meaningfully higher dividend yield (7.51% vs 0.63%).
- The two companies sit in different sectors: MPLX in Energy and National Grid Transco National Grid (NEW) in Utilities.
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
About National Grid Transco National Grid (NEW)
NGG stock →National Grid plc engages in the transmission and distribution of electricity and gas. It operates through UK Electricity Transmission, UK Electricity Distribution, New England, New York, National Grid Ventures, and Other segments.
Utilities · Natural Gas Distribution · 33,026 employees
MPLX vs NGG FAQ
Which is bigger, MPLX or National Grid Transco National Grid (NEW)?
National Grid Transco National Grid (NEW) (NGG) is larger, with a market capitalization of $77.52B compared with $58.11B for MPLX (MPLX).
Which stock has performed better over the past year, MPLX or NGG?
MPLX returned +17.36% over the past 12 months, compared with +4.75% for NGG (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, MPLX or NGG?
MPLX has the lower trailing P/E at 12.3, versus 17.6 for NGG. 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, MPLX or National Grid Transco National Grid (NEW)?
MPLX has the higher yield at 7.51%, compared with 0.63% for National Grid Transco National Grid (NEW).
Are MPLX and National Grid Transco National Grid (NEW) in the same industry?
No. MPLX is in the Energy sector, while National Grid Transco National Grid (NEW) is in Utilities.