MPLX: My Top MLP Pick For 2026 And Beyond

MPLX stands out as a leading midstream MLP, driven by steady natural gas and NGL expansion and robust distribution growth. With a 1.3X distribution coverage and a 12.5% Y/Y distribution increase, MPLX offers compelling yield and growth for income-focused investors. MPLX trades at an attractive 11.2X forward EV/EBITDA, comparable to peers like EPD, and is well-positioned for accretive pipeline acquisitions.