MPLX

MPLX LP engages in the operation of midstream energy infrastructure and logistics assets, and distribution fuels services. It operates through the Logistics and Storage (L&S) and Gathering and Processing (G&P) segments. The Logistics and Storage segment transports, stores, distributes, and markets crude oil, asphalt, refined petroleum products, and water. The Gathering and Processing segment gathers, processes, and transports natural gas, and gathers, transports, fractionates, stores, and markets natural gas liquids (NGLs). The company was founded on March 27, 2012 and is headquartered in Findlay, OH.

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Earnings data Q4 2024

MPLX reports strong 2022 performance, eyes growth amid challenges

MPLX's strong financial performance in 2022, supported by robust EBITDA and distribution growth, reflects operational excellence and strategic investments.
While facing challenges such as weather impacts and potential industry slowdowns, MPLX's focus on efficiency, partnerships, and capital discipline positions it for sustainable growth.
Opportunities in low carbon expansion, Permian portfolio expansion, and asset synergies offer avenues for continued growth and market leadership for MPLX.
Overall, MPLX's performance, strengths, challenges, and opportunities underscore a resilient and forward-looking approach to value creation and stakeholder returns.

MPLX reports solid Q1 earnings, eyes growth in low-carbon ventures

MPLX's Q1 2023 earnings call highlighted strong financial performance, a focus on growth projects in key regions, and participation in low-carbon initiatives. The company's disciplined approach to capital management and debt reduction efforts are notable. Challenges related to inflation adders and FERC regulations require careful monitoring and strategic planning.

MPLX reports strong Q2 earnings, focuses on sustainable growth

MPLX's Q2 performance reflects resilience with solid financial metrics and a focus on capital returns.
The company's strategic strengths lie in advancing value chain strategies, ESG commitments, and sustainable energy initiatives.
Challenges include pricing pressures and the need for careful capital allocation amidst growth opportunities.
Opportunities exist in growth projects, potential M&A, and leveraging ESG efforts for long-term success.

MPLX reports record Q3 results, eyes growth in emerging sectors

MPLX's Q3 performance reflects robust financial health and operational excellence, driven by record EBITDA and cash flow.
While facing debt maturity and regulatory risks, the company's strategic strengths and growth initiatives position it for long-term success.
Opportunities in emerging energy sectors and operational optimization present avenues for sustained growth and profitability.
Prudent financial management and strategic investments will be key in navigating challenges and capitalizing on future prospects.

MPLX reports robust Q4 earnings, poised for sustained growth

MPLX's Q4 2023 performance reflects strong operational and financial achievements, driven by record throughput and solid EBITDA growth. The company's strategic focus on organic growth, efficiency, and capital deployment underscores its commitment to sustained performance and value creation.

MPLX reports strong Q1 earnings, eyes global oil demand growth

MPLX's Q1 2024 performance reflects solid financial growth, operational advancements, and strategic positioning for future success. Despite short-term challenges, the company's focus on disciplined growth, capital optimization, and increasing distributions underscores a positive outlook for investors.

MPLX reports solid Q2 performance, eyes growth in energy sectors

MPLX's Q2 2024 performance reflects strong financials, operational efficiency, and strategic investments for future growth.
While maintaining financial stability and returning value to shareholders, the company faces challenges in operational management and market dynamics.
Strategic focus on growth opportunities in key energy value chains presents MPLX with avenues for sustained growth and market leadership.

MPLX reports record Q3 earnings, eyes growth in natural gas

MPLX delivered strong financial performance with record adjusted EBITDA and distributable cash flow in Q3. The company showcased operational excellence and strategic growth advancements through acquisitions and organic opportunities. Challenges lie in balancing distribution growth with capital allocation, but opportunities for future growth are promising.

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There are some excellent values in dividend stocks for patient investors right now.

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Dogsofthedow.com recently published this list of 50 large-cap high-dividend stocks as of 8/31/23 per data from YCharts. The list targeted investors who “don't want to simply focus on a high dividend yield only to discover that the stock price has plunged or that the corporation went belly-up." Investors reduce volatility/risk by limiting high-dividend search to large-well-established companies.

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Enterprise Products Partners pays a 7.5%-yielding distribution it has increased for 25 straight years. Delek Logistics Partners has increased its high-yielding payout for 42 straight quarters.

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Both Brent and West Texas Intermediate crude traded sideways to down for months before the summer move higher.

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Exxon has an incredible streak of dividend growth despite oil being an inherently volatile sector. MPLX has steadily increased its monster payout.

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MPLX continues to put up steady results, with another strong showing in Q2. MPLX has attractive growth projects in both segments and trades at a reasonable valuation with a high yield. Expect the company to meaningfully increase its distribution next quarter.

MPLX: Strong Performance Should Lead To A Hefty Distribution Increase

A consolidation wave has hit the energy sector. Midstream companies are a big part of the wave, with MLPs as the prime acquisition target.

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MPLX reported strong second quarter financials, in line with expectations and similar to the first quarter. The excess cash flow was higher in the second quarter compared to the first quarter. Management plans to prioritize distribution as the primary return of capital tool and may consider opportunistic repurchases.

A Warm November Rain (Increased Distributions) Awaits MPLX Investors

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dogsofthedow.com (DOD) recently published this list of 50 large-cap high-dividend stocks as of 8/3/23 per data from YCharts. The DOD list targeted investors who “don't want to simply focus on a high dividend yield only to discover that the stock price has plunged or that the corporation has gone belly-up." Investors reduce this volatility/risk by searching for high dividends from large well-established companies. For example, YCharts net-gain estimates (updated 8/3/23) for STLA, PBA, ET, BTI, TEF, T, PBR, IEP, VOD & MO ranged 36.88%-65.73%.

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MPLX generates more than enough cash to cover its high-yielding payout and expansion projects. It also has an extremely strong financial profile.

Want to Generate Investment Income? Check Out This 8.8%-Yielding Dividend Stock

Increased pipeline throughputs and gathering throughput aid MPLX's Q2 earnings.

MPLX Q2 Earnings Beat on Gathering & Pipeline Throughput

MPLX LP (NYSE:MPLX ) Q2 2023 Earnings Conference Call August 1, 2023 9:30 AM ET Company Participants Kristina Kazarian - VP, Finance & IR Michael Hennigan - Chairman, President & CEO John Quaid - EVP, CFO & Director Shawn Lyon - SVP, Logistics & Storage David Heppner - Senior Vice President of MPLX GP LLC Conference Call Participants Brian Reynolds - UBS Keith Stanley - Wolfe Research Jeremy Tonet - JPMorgan Theresa Chen - Barclays Neal Dingmann - Truist Operator Welcome to the MPLX Second Quarter 2023 Earnings Call. My name is Sheila, and I will be your operator for today's call.

MPLX LP (MPLX) Q2 2023 Earnings Call Transcript

While the top- and bottom-line numbers for MPLX LP (MPLX) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

MPLX LP (MPLX) Reports Q2 Earnings: What Key Metrics Have to Say

MPLX reported slightly higher earnings for the second quarter of 2023 on Tuesday as the U.S. midstream company transported greater volumes of energy products through its pipeline systems.

MPLX's second quarter earnings rise as throughputs rise

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FINDLAY, Ohio , Aug. 1, 2023 /PRNewswire/ -- Reported second-quarter net income attributable to MPLX of $933 million and generated net cash provided by operating activities of $1,437 million Adjusted EBITDA attributable to MPLX of $1,531 million Distributable cash flow of $1,315 million Advancing Permian strategy with announcement of seventh gas processing plant and expansion of the BANGL Pipeline Returned $799 million in capital to unitholders through distributions MPLX LP (NYSE: MPLX) today reported second-quarter 2023 net income attributable to MPLX of $933 million, compared with $875 million for the second quarter of 2022.  Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) attributable to MPLX was $1,531 million, compared with $1,457 million for the second quarter of 2022.

MPLX LP Reports Second-Quarter 2023 Financial Results

MPLX is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Is a Surprise Coming for MPLX This Earnings Season?

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We have narrowed our search to five large-cap stocks that are set to declare second-quarter earnings results on Aug 1. These are: PEG, PAYC, MPLX, TAP, ECL.

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Crestwood Equity Partners

Crestwood's 9.1%-yielding payout is on an increasingly firm financial foundation. Energy Transfer expects to grow its 9.4%-yielding payout by 3% to 5% per year.

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MPLX, a major transportation company, is predicted to have a strong financial quarter. An increase in the payout per unit is likely still in the works. In March 2023, the company's rating was upgraded from Neutral to Overweight with a price target of $41.

Strong Markets Signal Likely Strong Results For MPLX

MPLX's revenues have increased by over 2000% over the last decade, with EPS increasing by 276% due to improved margins. The company's dividend yield is 9%, with a coverage ratio of 1.6. The company is well-positioned to capitalize on the growing demand for natural gas and hydrogen as clean energy sources. Its size and diverse operations also offer protection against competition. Risks include the declining demand for oil, high debt levels, and potential impacts of economic slowdowns on commodity prices. Despite these, I believe MPLX shares are attractive.

MPLX Is Still Very Solid And Compelling

MPLX yields 8.94%. It earned record EBITDA in Q1 '23. It has a 6.2% five-year dividend growth avg.

MPLX: 9% Yield, Record Earnings

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Master limited partnerships, otherwise known as MLPs, are appealing to income investors. MLPs widely offer high distribution yields above 5%.

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Dividend income has grown by 35.77% in the first half of 2023, adding $1,606 to estimated annual dividends, due to dividend reinvestments, dividend increases, new purchases, and re-allocation of capital. Several changes have been made to the portfolio, including closing seven positions and reallocating capital to five new positions, aiming for a balanced approach to dividend growth for long-term sustainability. The goal is to reach $6,600 in estimated annual dividends by the end of the year.

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Crestwood Equity Partners pays a 9.9%-yielding distribution backed by solid and improving financials. MPLX yields 9% supported by a very strong financial foundation.

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Amid heightened volatility, it would be wise for investors to keep an eye on midstream stocks like Kinder Morgan (KMI), The Williams Companies (WMB) and MPLX LP (MPLX).

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News for MPLX Stock (MPLX)