MPLX LP (MPLX) Reports Q4 Earnings: What Key Metrics Have to Say

Core Insights - MPLX LP reported revenue of $3.06 billion for Q4 2024, a year-over-year increase of 3.3%, with EPS of $1.07 compared to $1.10 a year ago, indicating a slight decline in earnings per share [1] - The revenue fell short of the Zacks Consensus Estimate by 0.47%, while the EPS exceeded the consensus estimate by 2.88% [1] Financial Performance Metrics - Average tariff rates for crude oil pipelines were $1.08, slightly above the estimated $1 [4] - Pipeline throughput for crude oil was 3,831 million barrels per day, slightly below the estimated 3,844.01 million barrels per day [4] - Natural gas processed in Southwest operations was 2,020 million cubic feet per day, below the estimated 2,229.92 million cubic feet per day [4] - Gathering throughput in Southwest operations was 1,788 million cubic feet per day, below the estimated 2,088.84 million cubic feet per day [4] - Total pipeline throughput was 5,857 million barrels per day, slightly below the estimated 5,899.23 million barrels per day [4] - Adjusted EBITDA for Gathering and Processing was $639 million, exceeding the estimated $586.74 million [4] - Adjusted EBITDA for Logistics and Storage was $1.12 billion, slightly below the estimated $1.14 billion [4] Stock Performance - MPLX LP shares returned +6% over the past month, outperforming the Zacks S&P 500 composite's +1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]