MPLX: Boasting Strong ROIC As Distribution Growth Could Accelerate

MPLX LP remains a strong buy, offering a 7.71% yield and robust long-term growth prospects in midstream infrastructure. MPLX's strategic focus on natural gas, especially sour gas treatment in the Permian and Marcellus, drives EBITDA and margin expansion. The 2025 growth capex of $2.4 billion, with 90% allocated to natural gas/NGL services, targets mid-teen project returns post-2028.