MPLX Beats Q4 Earnings Estimates, Hikes '24 Capex Budget

MPLX LP (MPLX) reported fourth-quarter earnings of $1.10 per unit, which beat the Zacks Consensus estimate of 95 cents. The bottom line also increased from the year-ago quarter’s 78 cents.Total quarterly revenues of$2.97 billion surpassed the Zacks Consensus Estimate of $2.94 million and increased from the prior-year quarter’s$2.66 billion.Strong quarterly results were primarily driven by higher contributions from both segments. A decline in total costs and expenses also contributed to the solid quarterly ...