MPLX: Huge 8.5% Yield, Juicy 12%+ Growth Make It A Buy

MPLX LP offers an attractive 8.5% yield, recently boosted by a 12.5% distribution hike, supported by solid cash flow coverage. Q3 results showed mid-single-digit EBITDA and distributable cash flow growth, with macro tailwinds from U.S. energy exports and AI-driven power demand. Several new growth projects, including the Bay Runner and BANGL pipeline expansions, are set to contribute to MPLX's earnings and cash flow in coming quarters.