AUSTIN, Texas, July 31, 2024 /PRNewswire/ -- WhiteWater today announced that WhiteWater, MPLX LP (NYSE: MPLX), and Enbridge Inc. (NYSE: ENB), through the WPC Joint Venture, the joint venture that owns the Whistler Pipeline, have partnered with an affiliate of Targa Resources Corp. (NYSE: TRGP) to reach final investment decision to move forward with the construction of the Blackcomb Pipeline after having secured sufficient firm transportation agreements with predominantly investment grade shippers, including ...

The investment community will be closely monitoring the performance of MPLX LP in its forthcoming earnings report. The company is scheduled to release its earnings on August 6, 2024. In that report, analysts expect MPLX LP to post earnings of $0.98 per share. This would mark year-over-year growth of 7.69%. Meanwhile, our latest consensus estimate is calling for revenue of $2.92 billion, up 8.66% from the prior-year quarter. In terms of valuation, MPLX LP is presently being traded at a Forward P/E ratio of 1 ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several 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 ...

Zacks Premium includes access to the Zacks Style Scores as well. The Style Scores are broken down into four categories: Growth Score If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum. The popular research serv ...

MPLX LP (MPLX) has seen upward earnings estimate revisions for 2023 and 2024 in the past 60 days. Image Source: Zacks Investment Research MPLX is well-poised for progress, as evidenced by its impressive VGM Score of B. Here, V stands for Value, G for Growth and M for Momentum, and the score is a weighted combination of all three factors. Attractive Distribution Yield & Coverage coverage ratio remained strong at 1.6X, indicating that MPLX generates 1.6 times the cash required to cover its distributions. This ...

The latest trading session saw MPLX LP (MPLX) ending at $42.23, denoting a -0.31% adjustment from its last day's close. This change lagged the S&P 500's daily gain of 0.64%. Meanwhile, the Dow gained 1.85%, and the Nasdaq, a tech-heavy index, added 0.2%. Shares of the company witnessed a gain of 3.29% over the previous month, beating the performance of the OilsEnergy sector with its loss of 8% and underperforming the S&P 500's gain of 3.82%. Investors will be eagerly watching for the performance of MPLX LP ...

MPLX LP (NYSE:MPLX) has been one of the midstream operators I was bullish on for some time. In March, I turned neutral as I believed the valuation was getting a bit stretched, but I am turning bullish on MPLX once again. The barriers to entry are immense within the energy infrastructure sector, and MPLX has developed a system that is difficult to replicate, as it's designed to move millions of barrels of crude and refined products through its pipelines each day. MPLX returned nearly $1 billion to its unitho ...

AUSTIN, Texas, July 12, 2024 /PRNewswire/ -- The ADCC Pipeline entered commercial service on July 1, 2024, and is capable of providing approximately 1.7 Billion cubic feet per day (Bcf/d) of natural gas transportation capacity to the Cheniere Corpus Christi Liquefaction facility from markets on Whistler Pipeline's Agua Dulce Header in South Texas. The receipt points in Agua Dulce provide Cheniere direct access to Permian and Eagle Ford volumes in addition to volumes sourced along the Gulf Coast. The ADCC Pi ...

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 is more attractive to value investors? We'll need to take a closer look to find out. Value investors analyze a variety of traditional, tried-and-true metrics to help find companies that they believe are undervalued at their current share price levels. Another notable valuation metric for MPLX is its P/B ratio of 3.25. ...

Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. Stock to Watch: MPLX LP (MPLX) Findlay, OH-based MPLX LP is a master limited partnership (MLP) engaged in providing a wide range of midstream energy services, including fuel distribution solutions. The large-cap partnership was created in 2012 to own, operate and develop mi ...