MPLX LP

MPLX remains in a Stage 2 advancing corrective reset within a long-term uptrend, confirmed by an active Higher Highs & Higher Lows pattern. Price is currently pulling back into the 9 and 21 EMAs near the 50 SMA, offering a favorable entry point. Despite an OB tag, no exhaustion signals are evident, supporting a Buy Now posture to engage shallow pullbacks into rising EMAs and prior support.

• ↑Q1 2026 adjusted EBITDA grew 7% YoY to $1.7 billion
• ↑$2.4 billion capex earmarked for natural gas and NGL project builds
• ↓Negative balance sheet quality warns of rising leverage risk