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 ...

FINDLAY, Ohio, Jan. 24, 2024 /PRNewswire/ -- The board of directors of the general partner of MPLX LP (NYSE: MPLX) has declared a quarterly cash distribution of $0.85 per common unit for the fourth quarter of 2023, or $3.40 on an annualized basis. The distribution will be paid on Feb. 14, 2024, to common unitholders of record as of Feb. 5, 2024. Qualified Tax Notice Concurrent with this announcement we are providing qualified notice to brokers and nominees that hold MPLX units on behalf of non-U.S. investor ...

SOPA Images/LightRocket via Getty ImagesMPLX (NYSE:MPLX) is one of the few midstream operators with the unique known buyer of throughput with parent Marathon Petroleum Corp. (MPC) purchasing 82% of crude throughput and 95% of refined products transported from well to refinery. With strong production in the Permian Basin and stable maintenance production in the Appalachia region, MPLX has remained in a strong position for both stability and growth for both in-basin midstream services and transportation. ...

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onurdongelLooking for energy-based high yield income? Ohio-based MPLX LP (NYSE:MPLX) has been in this industry since 2012. MPLX LP is a diversified, large-cap master limited partnership formed by Marathon Petroleum Corporation (MPC) that owns and operates midstream energy infrastructure and logistics assets, and provides fuels distribution services. Company Profile: MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. It operates in two segmen ...

FINDLAY, Ohio, Dec. 21, 2023 /PRNewswire/ -- Michael J. Hennigan, chairman, president and chief executive officer of the general partner of MPLX LP (NYSE: MPLX), today announced that C. Kristopher Hagedorn has been appointed executive vice president and chief financial officer of the general partner of MPLX, effective January 1, 2024. As MPLX CFO, Hagedorn will succeed John J. Quaid, who has been named executive vice president and chief financial officer of Marathon Petroleum Corporation (NYSE: MPC). Hagedo ...

Gathering: 6.3 Bcf/d 3% vs. 3Q22 ▪ Higher volumes and throughput fees offset by lower natural gas liquids prices 502 Volumes include amounts related to unconsolidated equity method investments on a 100% basis. | --- | --- | --- | |---------------------------------------------------|-----------------------------------------|--------| | | Three Months Ended September 30, \n2022 | 2023 | | Distributions Declared ($/unit) | $0.775 | $0.850 | | Distribution Coverage Ratio | 1.6x | 1.6x | | Adjusted Free Cash Flo ...

MPLX LP (NYSE:MPLX) Q3 2023 Earnings Conference Call October 31, 2023 9:30 AM ET Company Participants Kristina Kazarian - VP, Finance & IR Michael Hennigan - Chairman, President and Chief Executive Officer John Quaid - Executive Vice President and Chief Financial Officer David Heppner - Senior Vice President of MPLX GP LLC Shawn Lyon - SVP, Logistics & Storage Gregory Floerke - Executive Vice President and Chief Operating Officer Conference Call Participants John Mackay - Goldman Sachs Theresa Chen - Barcla ...