MPLX vs. PAA
Compare and contrast key facts about MPLX LP (MPLX) and Plains All American Pipeline, L.P. (PAA).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MPLX or PAA.
Correlation
The correlation between MPLX and PAA is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
MPLX vs. PAA - Performance Comparison
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Key characteristics
MPLX:
1.97
PAA:
0.34
MPLX:
2.60
PAA:
0.51
MPLX:
1.35
PAA:
1.07
MPLX:
2.70
PAA:
0.16
MPLX:
9.81
PAA:
0.91
MPLX:
4.01%
PAA:
7.42%
MPLX:
20.27%
PAA:
28.10%
MPLX:
-85.72%
PAA:
-91.99%
MPLX:
-2.80%
PAA:
-34.83%
Fundamentals
MPLX:
$53.18B
PAA:
$12.13B
MPLX:
$4.33
PAA:
$0.93
MPLX:
12.03
PAA:
18.55
MPLX:
2.97
PAA:
2.27
MPLX:
4.67
PAA:
0.24
MPLX:
3.84
PAA:
1.26
MPLX:
$11.23B
PAA:
$50.14B
MPLX:
$5.04B
PAA:
$13.75B
MPLX:
$6.15B
PAA:
$2.04B
Returns By Period
In the year-to-date period, MPLX achieves a 13.07% return, which is significantly higher than PAA's 5.15% return. Over the past 10 years, MPLX has outperformed PAA with an annualized return of 5.38%, while PAA has yielded a comparatively lower -2.46% annualized return.
MPLX
13.07%
5.05%
15.09%
39.38%
34.96%
5.38%
PAA
5.15%
-0.60%
4.54%
7.22%
23.35%
-2.46%
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Risk-Adjusted Performance
MPLX vs. PAA — Risk-Adjusted Performance Rank
MPLX
PAA
MPLX vs. PAA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MPLX LP (MPLX) and Plains All American Pipeline, L.P. (PAA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
MPLX vs. PAA - Dividend Comparison
MPLX's dividend yield for the trailing twelve months is around 7.14%, less than PAA's 8.09% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MPLX MPLX LP | 7.14% | 7.33% | 8.65% | 8.80% | 11.30% | 12.71% | 10.42% | 8.22% | 6.23% | 5.86% | 4.33% | 1.83% |
PAA Plains All American Pipeline, L.P. | 8.09% | 7.44% | 7.06% | 7.08% | 7.71% | 13.11% | 7.50% | 5.99% | 9.45% | 8.21% | 11.93% | 4.97% |
Drawdowns
MPLX vs. PAA - Drawdown Comparison
The maximum MPLX drawdown since its inception was -85.72%, smaller than the maximum PAA drawdown of -91.99%. Use the drawdown chart below to compare losses from any high point for MPLX and PAA. For additional features, visit the drawdowns tool.
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Volatility
MPLX vs. PAA - Volatility Comparison
The current volatility for MPLX LP (MPLX) is 7.75%, while Plains All American Pipeline, L.P. (PAA) has a volatility of 9.94%. This indicates that MPLX experiences smaller price fluctuations and is considered to be less risky than PAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
MPLX vs. PAA - Financials Comparison
This section allows you to compare key financial metrics between MPLX LP and Plains All American Pipeline, L.P.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
MPLX vs. PAA - Profitability Comparison
MPLX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, MPLX LP reported a gross profit of 1.27B and revenue of 2.89B. Therefore, the gross margin over that period was 44.1%.
PAA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Plains All American Pipeline, L.P. reported a gross profit of 620.00M and revenue of 12.01B. Therefore, the gross margin over that period was 5.2%.
MPLX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, MPLX LP reported an operating income of 1.37B and revenue of 2.89B, resulting in an operating margin of 47.3%.
PAA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Plains All American Pipeline, L.P. reported an operating income of 533.00M and revenue of 12.01B, resulting in an operating margin of 4.4%.
MPLX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, MPLX LP reported a net income of 1.13B and revenue of 2.89B, resulting in a net margin of 39.0%.
PAA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Plains All American Pipeline, L.P. reported a net income of 443.00M and revenue of 12.01B, resulting in a net margin of 3.7%.