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MPLX: An Attractive Dividend Case With A De-Risked 8% Yield
Seeking Alpha· 2024-08-19 06:17
i 1 2017 图1 1 日 1 1 19 11 1999 P T 11000 i tell Th H H ther i 0 F 11 187 thexfilephoto In June this year, I issued a bullish piece on MPLX LP (NYSE:MPLX). My conclusion was that MPLX presents one of the best dividend stories in the entire BDC space. The case is so attractive because MPLX yields ~ 8%, which is certainly above the sector average or what other large-cap comparable peers offer (e.g., Enterprise Products Partners (EPD) and Enbridge (ENB)). Of course, it is not only about the yield itself, but al ...
MPLX: The 8% Yield You Shouldn't Ignore
Seeking Alpha· 2024-08-16 18:36
Jonathan Kitchen Introduction On August 14, I wrote an article titled "Dividend Darlings: 3 Fantastic Stocks To Hold Rain Or Shine." Although I never promised to present three high-yield dividend stocks, some readers got upset that two stocks had yields below 1%. While I could start by giving a lecture on the importance of dividend growth in the assessment of a dividend yield, I'm going to do things a bit differently. In this article, I'll present a company that has both high income and growth, as it's time ...
MPLX or WMB: Which Is the Better Value Stock Right Now?
ZACKS· 2024-08-15 16:41
Investors with an interest in Oil and Gas - Production and Pipelines stocks have likely encountered both MPLX LP (MPLX) and Williams Companies, Inc. (The) (WMB) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look. The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, ...
MPLX LP (MPLX) is a Top-Ranked Value Stock: Should You Buy?
ZACKS· 2024-08-15 14:40
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. Zacks Premium includes access to the Zacks Style Scores as well. What are the Zacks Style Score ...
MPLX Q2 Earnings Top on Higher Throughput Volumes
ZACKS· 2024-08-07 15:25
MPLX LP (MPLX) reported second-quarter 2024 earnings of $1.15 per unit, which topped the Zacks Consensus Estimate of 98 cents. The bottom line also increased from the year-ago quarter's figure of 91 cents. Total quarterly revenues of $3.05 billion beat the Zacks Consensus Estimate of $2.92 billion. The top line also increased from the prior-year quarter's level of $2.69 billion. Strong quarterly results were primarily driven by higher gathered and processed throughput volumes. An increase in total pipeline ...
MPLX(MPLX) - 2024 Q2 - Quarterly Report
2024-08-06 17:47
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________ FORM 10-Q ____________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to | --- | --- | --- | --- | --- | --- | |-------- ...
MPLX(MPLX) - 2024 Q2 - Earnings Call Presentation
2024-08-06 16:59
1 Second Quarter 2024 Earnings Conference Call August 6, 2024 Forward‐Looking Statements and Non-GAAP Financial Measurements This presentation contains forward-looking statements regarding MPLX LP (MPLX). These forward-looking statements may relate to, among other things, MPLX's expectations, estimates and projections concerning its business and operations, financial priorities, including with respect to positive free cash flow and distribution coverage, strategic plans, capital return plans, capital expend ...
MPLX(MPLX) - 2024 Q2 - Earnings Call Transcript
2024-08-06 16:58
MPLX LP. (NYSE:MPLX) Q2 2024 Earnings Conference Call August 6, 2024 9:30 AM ET Company Participants Kristina Kazarian - VP, Finance & IR Maryann Mannen - Chairman, President and CEO Kris Hagedorn - CFO Greg Floerke - EVP and COO Dave Heppner - SVP, Strategy and Business Development Conference Call Participants John Mackay - Goldman Sachs Manav Gupta - UBS Theresa Chen - Barclays Keith Stanley - Wolfe Research Michael Bloom - Wells Fargo Neal Dingmann - Truist Securities. Kristina Kazarian Good morning and ...
MPLX(MPLX) - 2024 Q2 - Quarterly Results
2024-08-06 10:46
Exhibit 99.1 MPLX LP Reports Second-Quarter 2024 Financial Results • Second-quarter net income attributable to MPLX of $1.2 billion and net cash provided by operating activities of $1.6 billion • Adjusted EBITDA attributable to MPLX of $1.7 billion and distributable cash flow of $1.4 billion • Returned $949 million of capital to unitholders • Progressing Permian growth strategy; Preakness II processing plant began operations in July; announced increased ownership in BANGL NGL pipeline, and FID of the Blackc ...
MPLX LP Reports Second-Quarter 2024 Financial Results
Prnewswire· 2024-08-06 10:45
FINDLAY, Ohio, Aug. 6, 2024 /PRNewswire/ -- Second-quarter net income attributable to MPLX of $1.2 billion and net cash provided by operating activities of $1.6 billion Adjusted EBITDA attributable to MPLX of $1.7 billion and distributable cash flow of $1.4 billion Returned $949 million of capital to unitholders Progressing Permian growth strategy; Preakness II processing plant began operations in July; announced increased ownership in BANGL NGL pipeline, and FID of the Blackcomb natural gas pipeline MPLX L ...