Equities

MPLX

US55336V1008

Oil & Gas Transportation Services

Real-time Estimate Cboe BZX Other stock markets 15:13:19 2024-05-15 EDT			5-day change	1st Jan Change
40.36 ^USD	-0.23%		-3.34%	+9.95%

05-13	MPLX Names Maryann Mannen as CEO of General Partner	MT
05-13	Marathon Petroleum names insider Maryann Mannen as CEO	RE

MPLX LP Reports Earnings Results for the First Quarter Ended March 31, 2024

April 30, 2024 at 06:45 am

MPLX LP reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 2,604 million compared to USD 2,549 million a year ago. Revenue was USD 2,846 million compared to USD 2,713 million a year ago.

Net income was USD 1,005 million compared to USD 943 million a year ago. Basic earnings per share from continuing operations was USD 0.98 compared to USD 0.91 a year ago. Diluted earnings per share from continuing operations was USD 0.98 compared to USD 0.91 a year ago.

Latest news about MPLX LP

MPLX Names Maryann Mannen as CEO of General Partner	05-13	MT
Marathon Petroleum names insider Maryann Mannen as CEO	05-13	RE
Truist Adjusts MPLX's Price Target to $48 From $43, Forecasts Moderate Growth Ahead; Keeps Buy Rating	05-02	MT
Transcript : MPLX LP, Q1 2024 Earnings Call, Apr 30, 2024	04-30
MPLX Q1 Net Income, Revenue Rise	04-30	MT
Earnings Flash (MPLX) MPLX LP Reports Q1 Revenue $2.85B, vs. Street Est of $2.9B	04-30	MT
MPLX LP Reports Earnings Results for the First Quarter Ended March 31, 2024	04-30	CI
North American Morning Briefing : More Earnings -2-	04-30	DJ
MPLX Keeps Quarterly Distribution at $0.85 a Unit, Payable May 13 to Unit Holders of Record May 3	04-23	MT
MPLX LP Announces Quarterly Distribution for the First Quarter of 2024, Payable on May 13, 2024	04-23	CI
Permian natgas hits 15-month low as negative prices linger	04-16	RE
UBS Adjusts MPLX Price Target to $49 From $46, Maintains Buy Rating	04-12	MT
Barclays Raises Price Target on MPLX to $43 From $40, Maintains Overweight Rating	04-05	MT
Enbridge, Partners To Build Pipelines Connecting Permian Basin Natural Gas Supply To LNG, US Gulf Coast Demand	03-26	MT
Enbridge Enters Joint Venture to Connect Permian Basin to LNG Demand in the Gulf	03-26	DJ
Enbridge to form natural gas supply venture	03-26	RE
Summit Midstream Partners Sells Utica Position for $625 Million -- Shares Rise	03-22	MT
UBS Adjusts MPLX Price Target to $46 From $44, Maintains Buy Rating	03-01	MT
Tranche Update on MPLX LP's Equity Buyback Plan announced on August 2, 2022.	02-22	CI
RBC Lifts Price Target on MPLX to $46 From $45, Keeps Outperform Rating	01-31	MT
Raymond James Adjusts MPLX Price Target to $45 From $44, Maintains Outperform Rating	01-31	MT
Transcript : MPLX LP, Q4 2023 Earnings Call, Jan 30, 2024	01-30
MPLX LP's Q4 Earnings, Revenue Climb	01-30	MT
Earnings Flash (MPLX) MPLX LP Posts Q4 Revenue $2.97B, vs. Street Est of $2.85B	01-30	MT
MPLX reports higher fourth quarter 2023 earnings	01-30	RE

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Company Profile

MPLX LP is a diversified master limited partnership that owns and operates midstream energy infrastructure and logistics assets and provides fuel distribution services. The Companyâs segments include Logistics and Storage (L&S) and Gathering and Processing (G&P). The L&S segment primarily engages in the gathering, transportation, storage and distribution of crude oil, refined products, other hydrocarbon-based products, and renewables. The L&S segment also includes the operation of its refining logistics, fuel distribution and inland marine businesses, terminals, rail facilities and storage caverns. The G&P segment provides gathering, processing and transportation of natural gas, as well as the transportation, fractionation, storage and marketing of natural gas liquids (NGLs). Its assets include a network of crude oil and refined product pipelines; an inland marine business; light-product, asphalt, heavy oil and marine terminals; storage caverns, and others.

Sector

Oil & Gas Transportation Services

Calendar

2024-07-29 - Q2 2024 Earnings Release (Projected)

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Ratings for MPLX LP

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

40.45 USD

Average target price

45.13 USD

Spread / Average Target

+11.58%

Consensus

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Quarterly earnings - Rate of surprise

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