MPLX

MPLX LP engages in the operation of midstream energy infrastructure and logistics assets, and distribution fuels services. It operates through the Logistics and Storage (L&S) and Gathering and Processing (G&P) segments. The Logistics and Storage segment transports, stores, distributes, and markets crude oil, asphalt, refined petroleum products, and water. The Gathering and Processing segment gathers, processes, and transports natural gas, and gathers, transports, fractionates, stores, and markets natural gas liquids (NGLs). The company was founded on March 27, 2012 and is headquartered in Findlay, OH.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

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Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

MPLX reports strong 2022 performance, eyes growth amid challenges

MPLX's strong financial performance in 2022, supported by robust EBITDA and distribution growth, reflects operational excellence and strategic investments.
While facing challenges such as weather impacts and potential industry slowdowns, MPLX's focus on efficiency, partnerships, and capital discipline positions it for sustainable growth.
Opportunities in low carbon expansion, Permian portfolio expansion, and asset synergies offer avenues for continued growth and market leadership for MPLX.
Overall, MPLX's performance, strengths, challenges, and opportunities underscore a resilient and forward-looking approach to value creation and stakeholder returns.

MPLX reports solid Q1 earnings, eyes growth in low-carbon ventures

MPLX's Q1 2023 earnings call highlighted strong financial performance, a focus on growth projects in key regions, and participation in low-carbon initiatives. The company's disciplined approach to capital management and debt reduction efforts are notable. Challenges related to inflation adders and FERC regulations require careful monitoring and strategic planning.

MPLX reports strong Q2 earnings, focuses on sustainable growth

MPLX's Q2 performance reflects resilience with solid financial metrics and a focus on capital returns.
The company's strategic strengths lie in advancing value chain strategies, ESG commitments, and sustainable energy initiatives.
Challenges include pricing pressures and the need for careful capital allocation amidst growth opportunities.
Opportunities exist in growth projects, potential M&A, and leveraging ESG efforts for long-term success.

MPLX reports record Q3 results, eyes growth in emerging sectors

MPLX's Q3 performance reflects robust financial health and operational excellence, driven by record EBITDA and cash flow.
While facing debt maturity and regulatory risks, the company's strategic strengths and growth initiatives position it for long-term success.
Opportunities in emerging energy sectors and operational optimization present avenues for sustained growth and profitability.
Prudent financial management and strategic investments will be key in navigating challenges and capitalizing on future prospects.

MPLX reports robust Q4 earnings, poised for sustained growth

MPLX's Q4 2023 performance reflects strong operational and financial achievements, driven by record throughput and solid EBITDA growth. The company's strategic focus on organic growth, efficiency, and capital deployment underscores its commitment to sustained performance and value creation.

MPLX reports strong Q1 earnings, eyes global oil demand growth

MPLX's Q1 2024 performance reflects solid financial growth, operational advancements, and strategic positioning for future success. Despite short-term challenges, the company's focus on disciplined growth, capital optimization, and increasing distributions underscores a positive outlook for investors.

MPLX reports solid Q2 performance, eyes growth in energy sectors

MPLX's Q2 2024 performance reflects strong financials, operational efficiency, and strategic investments for future growth.
While maintaining financial stability and returning value to shareholders, the company faces challenges in operational management and market dynamics.
Strategic focus on growth opportunities in key energy value chains presents MPLX with avenues for sustained growth and market leadership.

MPLX reports record Q3 earnings, eyes growth in natural gas

MPLX delivered strong financial performance with record adjusted EBITDA and distributable cash flow in Q3. The company showcased operational excellence and strategic growth advancements through acquisitions and organic opportunities. Challenges lie in balancing distribution growth with capital allocation, but opportunities for future growth are promising.

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MPLX LP (MPLX) reported earnings 30 days ago. What's next for the stock?

MPLX LP (MPLX) Down 7.1% Since Last Earnings Report: Can It Rebound?

MPLX yields 9.16%, with 1.44X coverage. Mgt. raised the quarterly dividend and added a special $.575 distribution, based on strong excess cash flow.

MPLX: 9% Yield, Strong 2021 Growth, Rising Price Targets

MPLX maintains a high quality asset base and has the backing of Marathon Petroleum as its key customer. It has seen pipeline volume growth, and is benefiting from higher NGL prices.

MPLX: 9.4% Yield, Are You Swimming In Cash?

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Dividend Increases: October 30-November 5, 2021

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MPLX Jumps 4.4% Since Q3 Earnings & Sales Beat Estimates

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MPLX has surprised their unitholders by not only increasing their quarterly distributions but also declaring a special distribution. This has been allowed thanks to their continued strong cash flow performance that sees their operating cash flow tracking towards a new annual record in 2021.

MPLX: Even More Distribution Growth Is Coming For This 9% Yield

MPLX LP (MPLX) CEO Mike Hennigan on Q3 2021 Results - Earnings Call Transcript

FINDLAY, Ohio, Nov. 2, 2021 /PRNewswire/ -- Reported net income attributable to MPLX of $802 million and adjusted EBITDA attributable to MPLX of $1.4 billion Generated $1.2 billion in net cash provided by operating activities; returned $900 million in capital to unitholders through $745 million of distributions and $155 million of unit repurchases; 1.61x adjusted distribution coverage and 3.7x leverage Exceptionally strong year-to-date cash flow supports announced distribution of $1.34 billion; consisting of a 2.5% increase to the base distribution amount and a special distribution amount of approximately $600 million MPLX LP (NYSE: MPLX) today reported third-quarter 2021 net income attributable to MPLX of $802 million, compared to $665 million for the third quarter of 2020. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) attributable to MPLX was $1,389 million, compared with $1,335 million in the third quarter of 2020.

MPLX LP Reports Third-Quarter 2021 Financial Results

FINDLAY, Ohio, Nov. 2, 2021 /PRNewswire/ -- The board of directors of the general partner of MPLX LP (NYSE: MPLX) has declared a quarterly cash distribution of $1.28 per common unit for the third quarter of 2021, including a base distribution amount of $0.7050 per common unit, or $2.82 on an annualized basis, and a special distribution amount of $0.5750 per common unit. The base distribution amount represents an increase of $0.0175 per common unit, or approximately 2.5%, over the second quarter 2021 distribution.

MPLX LP Announces Quarterly Distribution for Third Quarter of $1.28 per Common Unit, Including an Increase to the Base Distribution Amount and a Special Distribution Amount

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MPLX yields 9.55% and its distribution coverage rose to 1.73X in Q2 '21. Analysts' price targets are up 6% to 11% since May.

MPLX LP: 9% Yield, Strong Dividend Coverage, Price Targets Rising

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FINDLAY, Ohio, Sept. 22, 2021 /PRNewswire/ -- MPLX LP (NYSE: MPLX), a master limited partnership sponsored by Marathon Petroleum Corp. (NYSE: MPC), will host a conference call on Tuesday, November 2, 2021, at 9:30 a.m.

MPLX LP to Report Third-Quarter Financial Results November 2, 2021

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MPLX LP (MPLX) Up 5.8% Since Last Earnings Report: Can It Continue?

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The midstream giant, MPLX has all the ingredients needed for higher distributions whilst already offering a high yield of almost 10%. The first being their resilient financial performance that provides strong distribution coverage with ample free cash flow to fund higher payments.

MPLX: All The Ingredients Needed For Higher Distributions

Increased segmental income from operations aids MPLX's Q2 earnings.

MPLX Stock Rises 1.5% Since Reporting In-Line Q2 Earnings

MPLX LP (MPLX) CEO Mike Hennigan on Q2 2021 Results - Earnings Call Transcript

News for MPLX Stock (MPLX)