Retirement is complicated and you only get once chance to do it right. Don't miss out because you didn't know what was out there.The Retirement Forum provides actionable ideals, a high-yield safe retirement portfolio, and macroeconomic outlooks, all to help you maximize your capital and your income. We search the entire market to help you maximize returns.(NYSE:) is one of the largest American infrastructure companies, with an almost $50 billion market capitalization, and an almost 8% dividend yield. The co ...

FINDLAY, Ohio, Dec. 11, 2024 /PRNewswire/ -- MPLX LP (NYSE: MPLX) will host a conference call on Tuesday, February 4, 2025, at 9:30 a.m. EST to discuss 2024 fourth-quarter and full-year 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 co ...

The primary goal of the Cash Flow Kingdom Income Portfolio is to produce an overall yield in the 7% - 10% range. We accomplish this by combining several different income streams to form an attractive, steady portfolio payout. The portfolio's price can fluctuate, but the income stream remains consistent. Start your free two-week trial today!MPLX LP (NYSE: MPLX ) is a midstream company that has performed very well in 2024 so far. But despite hefty gains, the company offers a high distribution yield of close t ...

Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial .That's how much you would have made investing in the S&P 500 if you had bought the close on the last trading day of 2023. Excluding dividends, that number is 23.2%, making this one of the best years of the index.Analyst’s Disclosure: I/we have a beneficial long position in the s ...

MPLX LP (MPLX) reported third-quarter 2024 earnings of $1.01 per unit, which missed the Zacks Consensus Estimate of $1.06. The bottom line, however, increased from the year-ago figure of 89 cents.Total quarterly revenues of $2.97 billion missed the Zacks Consensus Estimate of $3.06 billion. The top line, however, increased from the prior-year level of $2.91 billion.Lower-than-expected quarterly results were mainly due to higher depreciation and amortization costs and increased general and administrative exp ...

MPLX continues to add new expansion projects to its backlog.MPLX (MPLX 2.34%) has been a very steady grower over the years. It has invested heavily in organic expansion projects and acquisitions to grow its midstream footprint. These investments have paid big dividends for investors over the years. The master limited partnership (MLP) has increased its distribution every year since it came public in 2012.The MLP has plenty of fuel to continue growing its high yield of nearly 8.5% in the coming years. Here's ...

I shared my “Strong Buy” MPLX LP (NYSE: MPLX ) recommendation in May , and the stock has delivered almost 15% to investors since then. The stock has performed better than the S&P 500 Index (Coming from an IT background, I have dived into the U.S. stock market seven years ago by managing portfolio of my family. Starting managing real money has been challenging for the first time, but long hours of mastering fundamental analysis of public companies paid off and now I feel very confident in my investment decis ...

Financial Data and Key Metrics Changes - MPLX reported record adjusted EBITDA of $1.7 billion for Q3 2024, a 7% increase compared to Q3 2023 [8] - Distributable cash flow was $1.4 billion, supporting nearly $950 million returned to unitholders [9][27] - The distribution was increased by 12.5% to approximately $3.83 per unit annualized, with strong distribution coverage of 1.5 times [28][31] Business Line Data and Key Metrics Changes - The Logistics and Storage (L&S) segment adjusted EBITDA increased by $66 million year-over-year, driven by higher rates and throughputs [21] - The Gathering and Processing (G&P) segment also set a new record with adjusted EBITDA increasing by $52 million compared to Q3 2023, supported by increased volumes from acquired assets [22] - Total gathered volumes were up 8% year-over-year, with processing volumes increasing by 9% [23][24] Market Data and Key Metrics Changes - The U.S. refining industry is expected to remain structurally advantageous over the rest of the world, with Marathon's refining assets considered highly competitive [11] - MPLX handles over 10% of all natural gas produced in the U.S., achieving a new daily record of over 10 billion cubic feet per day [26] Company Strategy and Development Direction - MPLX's capital spending is expected to exceed $1 billion for the year, focusing on growth in natural gas and NGL assets [12] - The company is advancing its strategic growth objectives with projects like the Harmon Creek III processing plant, expected to enhance its position as the largest processor of natural gas in the Northeast [14] - The company is committed to operational excellence and continuous improvements, as demonstrated by the Bluestone plant achieving ENERGY STAR certification [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the durability of cash flows and the potential for continued distribution increases, supported by strong growth opportunities [31] - The company is well-positioned to support the development plans of producer customers as demand for natural gas-powered electricity increases [10][11] - Management highlighted the importance of maintaining strict capital discipline while exploring growth opportunities [60] Other Important Information - MPLX's leverage was reported at 3.4 times at the end of the quarter, with a cash balance of $2.4 billion [28] - The company closed the acquisition of additional interest in the BANGL pipeline, increasing ownership to 45% [17] Q&A Session Summary Question: What drove the increase in distribution this year? - Management indicated that the durability of cash flows was the main reason for the 12.5% increase compared to previous years' 10% [35] Question: Can you provide insights on the Marcellus project opportunities? - Management noted that the Marcellus is a significant area for MPLX, with ongoing discussions with producer customers about future needs [39][42] Question: How do you view future growth opportunities, including M&A? - Management emphasized a focus on organic growth opportunities while remaining open to bolt-on acquisitions as needed [46][48] Question: What is the status of the Rio Bravo pipeline project? - Management confirmed that the project is moving forward on schedule despite recent legal challenges [49] Question: How does MPLX plan to support increased natural gas demand? - Management stated that MPLX is well-positioned to support producer customers as demand for natural gas increases, particularly in relation to data centers [51][52] Question: Can you provide an update on the Texas City frac and storage project? - Management indicated that the evaluation process is ongoing, focusing on capital discipline and strategic alternatives [54][66] Question: What is the outlook for distribution growth sustainability? - Management expressed confidence in maintaining the 12.5% distribution growth for a period, supported by strong cash flow growth [57][58] Question: How does MPLX view dropdown opportunities from Marathon? - Management stated that dropdowns are not a priority but will be considered if they align with organic growth opportunities [61][62]

Exhibit 99.1 MPLX LP Reports Third-Quarter 2024 Financial Results • Third-quarter net income attributable to MPLX of $1.0 billion and net cash provided by operating activities of $1.4 billion • $1.7 billion of adjusted EBITDA attributable to MPLX and $1.4 billion of distributable cash flow • $949 million of capital returned to unitholders • Increased quarterly distribution by 12.5% to $3.83 per unit annualized • Executing growth strategy in the Northeast with additional processing plant; expected to bring t ...

MPLX LP (MPLX) is set to report third-quarter 2024 results on Nov. 5 before the opening bell.The Zacks Consensus Estimate for third-quarter earnings is pegged at $1.06 per unit, implying an improvement of 19.1% from the year-ago reported number. Estimates have not been revised in the past 30 days. The Zacks Consensus Estimate for third-quarter revenues is currently pegged at $3.04 billion, suggesting a 4.4% uptick from the year-ago actuals. Image Source: Zacks Investment ResearchMPLX beat the consensus esti ...