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 (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. ...

Vivek Vishwakarma Trying to beat the market all the time is a hard feat to accomplish and is something that I'm simply not interested in doing. For one thing, that would involve having to constantly trade in an out of stocks in an effort to capture value. Plus, there are also short- and long-term tax implications from harvesting gains that can eat into long-term returns. A better strategy may be to buy quality dividend payers and hold them tight for the income stream, which can produce respectable total ...