MPLX LP Q3 Earnings and Revenues Lag Estimates on Higher Costs

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 ...