FINDLAY, Ohio, June 5, 2025 /PRNewswire/ -- MPLX LP (NYSE: MPLX) will host a conference call on Tuesday, August 5, 2025, at 9:30 a.m. EDT to discuss 2025 second-quarter financial results.Interested parties may listen to the conference call by visiting MPLX's website at www.mplx.com. A replay of the webcast will be available on MPLX's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and ...

It has been about a month since the last earnings report for MPLX LP (MPLX) . Shares have added about 3.6% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is MPLX LP due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.How Have Estimates Been Moving Since Then?It turns o ...

Core Viewpoint - MPLX reported its 1st quarter results with a presentation reflecting changes initiated by the new CEO, emphasizing a different strategy for determining distributions [1] Group 1: Company Strategy - The company introduced a new format in its presentation, indicating a shift in strategic focus under the new leadership [1] Group 2: Leadership Changes - The changes in presentation and strategy are attributed to the influence of the new CEO, suggesting a potential transformation in the company's operational approach [1]

Units of MPLX LP (NYSE: MPLX ) have been an excellent performer over the past year, gaining 26% while also paying a 7+% distribution yield. I last covered MPLX in December 2023 , rating the stock a "buy," and since then, it hasOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an article, just let me know!Analyst’s ...

Group 1 - The midstream/pipeline industry is viewed as a stable sector that generates significant cash flows, making it attractive for investors [1] - Crude Value Insights focuses on cash flow and companies that generate it, highlighting value and growth prospects in the oil and natural gas sector [1] - Subscribers have access to a stock model account with over 50 stocks, in-depth cash flow analyses of exploration and production firms, and live discussions about the sector [2]

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MPLX LP (MPLX) reported first-quarter 2025 earnings of $1.10 per unit, which topped the Zacks Consensus Estimate of $1.06. The bottom line also improved from the year-ago quarter’s level of 98 cents.Total quarterly revenues of $3.12 billion missed the Zacks Consensus Estimate of $3.21 billion. The top line, however, increased from the prior-year level of $2.85 billion. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)The strong quarterly earnings were primarily driven by higher pipel ...

Acquisitions and Investments - The company entered into a definitive agreement to acquire the remaining 55 percent interest in BANGL, LLC for $715 million, with an additional earnout provision of up to $275 million based on targeted EBITDA growth from 2026 to 2029[140]. - The company expanded its crude oil value chain by acquiring gathering businesses from Whiptail Midstream, LLC for $237 million, enhancing its strategic relationship with MPC[140]. - The company increased its stake in the joint venture that owns and operates the Matterhorn Express pipeline by 5 percent for $151 million, bringing its total interest to 10 percent[140]. - The company plans to acquire the remaining 55% interest in BANGL, LLC, as part of its strategic growth initiatives[208]. Financial Performance - Net income attributable to MPLX increased by $121 million in Q1 2025 compared to Q1 2024, reaching $1,126 million[148]. - Total revenues and other income rose by $278 million in Q1 2025, totaling $3,124 million, primarily driven by increased service and product-related revenues[143]. - Service revenue increased by $129 million, attributed to higher pipeline throughput and tariff escalations[152]. - Product-related revenue grew by $159 million, mainly due to higher NGL sales volumes and prices[152]. - Adjusted EBITDA attributable to MPLX LP was $1,757 million in Q1 2025, an increase of $122 million from Q1 2024[143]. - DCF attributable to MPLX LP increased by $116 million, reaching $1,486 million in Q1 2025[143]. Capital Expenditures and Cash Flow - Total costs and expenses increased by $163 million, totaling $1,758 million, primarily due to higher purchased product costs and project-related spending[148]. - Capital expenditures for the Crude Oil and Products Logistics segment rose by $31 million, totaling $115 million in Q1 2025[155]. - Total capital expenditures for Q1 2025 were $341 million, with growth capital expenditures at $307 million, up from $259 million in Q1 2024[204]. - The initial capital investment plan for 2025 is set at $2.0 billion, with $1.7 billion allocated for growth capital and $300 million for maintenance capital[203]. - Adjusted Free Cash Flow (FCF) increased to $641 million in Q1 2025 from $294 million in Q1 2024[186]. - Net cash provided by operating activities decreased by $45 million to $1,246 million in Q1 2025 compared to Q1 2024[182]. Distributions and Share Repurchases - The company returned $1,078 million of capital to unitholders in the three months ended March 31, 2025, via distributions and unit repurchases[140]. - The company announced a first quarter 2025 distribution of $0.9565 per common unit[140]. - The company repurchased 2 million common units in Q1 2025 for $100 million, with an average cost per unit of $52.48, compared to $75 million for the same number of units in Q1 2024[196]. - The company declared a cash distribution of $976 million for Q1 2025, equating to $0.9565 per common unit, an increase from $874 million in Q1 2024[199][201]. - As of March 31, 2025, the company has $420 million remaining under the unit repurchase authorization[197]. Segment Performance - The profitability of the Crude Oil and Products Logistics segment primarily depends on tariff rates and the volumes shipped through the pipelines[124]. - The Natural Gas and NGL Services segment profitability is affected by prevailing commodity prices and the cost of third-party transportation and fractionation services[127]. - Pipeline throughput for crude oil pipelines increased to 3,908 mbpd in Q1 2025, up from 3,462 mbpd in Q1 2024[160]. - Average tariff rates for product pipelines increased to $1.11 per barrel in Q1 2025, compared to $1.00 per barrel in Q1 2024[160]. - Total segment revenues and other income increased by $217 million to $1,532 million in Q1 2025 compared to Q1 2024[165]. - Segment Adjusted EBITDA rose by $84 million to $660 million in Q1 2025, driven by a $37 million non-recurring benefit from a customer agreement[167]. Liquidity and Financing - As of March 31, 2025, the company's liquidity totaled $6.0 billion, consisting of $3.5 billion in credit agreements and $2.5 billion in cash and cash equivalents[191]. - MPLX issued $2.0 billion in senior notes in Q1 2025, contributing to a net cash source of $370 million[184]. - The company experienced a $395 million decrease in net cash used in investing activities, primarily due to lower acquisition costs in Q1 2025[183]. - The company's credit ratings as of March 31, 2025, were BBB from Fitch, Baa2 from Moody's, and BBB from Standard & Poor's, all with stable outlooks[189]. Market Conditions and Economic Environment - The U.S. refining industry is expected to remain structurally advantaged over the rest of the world, with robust production across key operating regions[134]. - The current economic environment shows robust production across key operating regions, with low break-even prices in the U.S. offering economically advantaged development opportunities[134]. - The profitability of the Natural Gas and NGL Services segment is affected by prevailing commodity prices and the level of natural gas drilling by producer customers[127]. Environmental Compliance and Accounting - The company incurred capital expenditures related to environmental compliance, which may impact future operating results[213]. - As of March 31, 2025, there have been no significant changes to critical accounting estimates since the Annual Report for the year ended December 31, 2024[216]. - Certain new financial accounting pronouncements will be effective for the financial statements in the future[217].

MPLX (MPLX) Q1 2025 Earnings Call May 06, 2025 09:30 AM ET Speaker0 Welcome to the MPLX First Quarter Earnings Call. My name is Amanda, and I will be your operator for today's call. At this time, all participants are in a listen only mode. Later, we will conduct a question and answer session. Please note that this conference is being recorded. I will now turn the call over to Christina Kazzarian. Christina, you may begin. Speaker1 Welcome to MPLX's first quarter twenty twenty five earnings conference call. ...

MPLX (MPLX) Q1 2025 Earnings Call May 06, 2025 09:30 AM ET Company Participants Kristina Kazarian - Vice President of Finance & Investor Relations - MPLX GP LLCMaryann Mannen - President, CEO & Director of MPLX GP LLCC. Kristopher Hagedorn - EVP & CFOJohn Mackay - VP - Equity ResearchGregory Floerke - Executive VP & COOManav Gupta - Executive DirectorDavid Heppner - Senior Vice President of MPLX GP LLCBurke Sansiviero - Equity Research Senior AssociateShawn Lyon - Senior Vice President, Logistics & StorageM ...