Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________________ to __________________ Commission file number 001-35714 MPLX LP (Exact name of registrant as specified in its charter) (State ...

PM Images/Stone via Getty Images Introduction By now, I doubt that it may come as a surprise to many readers when I say that I have started to like the midstream industry a lot in recent years. While the industry was total dead money before 2021 due to elevated capital spending and subdued income, it has grown into one of my favorite places to be for both income and growth. For example, Antero Midstream (AM) has become a top-3 position in my portfolio after I spent a lot of money building a position in the ...

PM Images MPLX LP (NYSE:MPLX) reported high-flying results for the 4th quarter. The amount of cash generated in that quarter (DCF) equaled "$1.4 billion [an] increase of 12% and 9% respectively from the prior year." Growth, for the year, equaled 9% and 7% with EBITDA and DCF respectively. Management wrote: Our results reflect the continued growth of the partnership and its cash flows in our L&S segment, strong operational performance and customer demand drove record pipeline throughput, and strong growth in ...

spoohLast April, I placed a “Buy” rating on MPLX (NYSE:MPLX) saying it was deserving of a position in the portfolios of income-oriented investors. The stock has generated a return of about 25% since then, slightly outpacing the S&P 500. More recently in August I wrote I expected the company to meaningfully increase its distribution, which it did. With the company reporting its Q4 results at the end of January, let's catch up on the name. Company Profile As a quick reminder, MPLX is a midstream company t ...

spooh MPLX LP (NYSE:MPLX) is an attractive income and yield play for dividend investors in 2024. The midstream firm achieved record business results in FY 2023, strong distributable cash flow and managed to deliver an impressive distribution coverage ratio of 1.6X. I believe that MPLX can continue on its record run in FY 2024 and although the midstream firm does not have the size of a midstream firm like Enterprise Products Partners (EPD), MPLX is great value, in my opinion: MPLX delivered strong EBITDA gro ...

MPLX LP (MPLX) reported fourth-quarter earnings of $1.10 per unit, which beat the Zacks Consensus estimate of 95 cents. The bottom line also increased from the year-ago quarter’s 78 cents.Total quarterly revenues of $2.97 billion surpassed the Zacks Consensus Estimate of $2.94 million and increased from the prior-year quarter’s $2.66 billion.Strong quarterly results were primarily driven by higher contributions from both segments. A decline in total costs and expenses also contributed to the solid quarterly ...

MPLX (MPLX 1.21%) recently closed the books on 2023. It was another very strong year for the master limited partnership (MLP). The energy midstream company grew its earnings and cash flow at a high-single-digit rate. That's a surprisingly fast pace for a company with such a high yield (recently around 8.9%). Its strong growth gave it the fuel to increase its payout by 10% for the second straight year. That big-time payout is on a very firm foundation. Meanwhile, the MLP has plenty of fuel to continue increa ...

MPLX LP (NYSE:MPLX) Q4 2023 Results Conference Call January 30, 2024 9:30 AM ET Company Participants Kristina Kazarian - VP, Finance & IR Mike Hennigan - Chairman, President and CEO Kris Hagedorn - EVP and CFO John Quaid - EVP and CFO, Marathon Petroleum Corporation Dave Heppner - SVP, Strategy and Business Development Shawn Lyon - SVP, Logistics and Storage Gregory Floerke - EVP and COO Conference Call Participants John Mackay - Goldman Sachs Brian Reynolds - UBS Theresa Chen - Barclays Jeremy Tonet - JPMo ...

MPLX LP (MPLX) reported $2.97 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 11.4%. EPS of $1.10 for the same period compares to $0.78 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.94 billion, representing a surprise of +0.93%. The company delivered an EPS surprise of +15.79%, with the consensus EPS estimate being $0.95.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Stre ...

FINDLAY, Ohio, Jan. 30, 2024 /PRNewswire/ -- Fourth-quarter net income attributable to MPLX of $1.1 billion and adjusted EBITDA of $1.6 billion Full-year 2023 net income attributable to MPLX of $3.9 billion and adjusted EBITDA of $6.3 billion Full-year 2023 net cash provided by operating activities of $5.4 billion and distributable cash flow of $5.3 billion Returned $3.3 billion of capital to unitholders for the full year, reflecting 10% quarterly distribution increase for second consecutive year Advancin ...