MPLX LP: A 9.0% Midstream Yield At A Bargain Price [Seeking Alpha]
MPLX LP Common Units Representing Limited Partner Interests (MPLX)
Last mplx lp common units representing limited partner interests earnings: 1/29 06:30 am
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US:NYSE Investor Relations:
mplx.com/contact_us/investor_relations
Company Research
Source: Seeking Alpha
The midstream firm reported record EBITDA/DCF in FY 2023 with momentum in both core business segments. MPLX has a history of good distribution coverage and delivered a distribution growth rate of 10% to unitholders in Q4'23. Units are attractively priced. MPLX LP ( NYSE: MPLX ) is an attractive income and yield play for dividend investors in 2024. The midstream firm achieved record business results in FY 2023, strong distributable cash flow and managed to deliver an impressive distribution coverage ratio of 1.6X. I believe that MPLX can continue on its record run in FY 2024 and although the midstream firm does not have the size of a midstream firm like Enterprise Products Partners ( EPD ), MPLX is great value, in my opinion: MPLX delivered strong EBITDA growth and raised its distribution by 10% in Q4'23. I expect similar growth for the distribution this year and consider the 9% yield as well-supported and sustainable. Previous rating I last worked on the midstream firm in N
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MPLX
News
- MPLX LP (MPLX) Advances But Underperforms Market: Key Facts [Yahoo! Finance]Yahoo! Finance
- MPLX Set to Report Q1 Earnings: Is a Beat in the Offing? [Yahoo! Finance]Yahoo! Finance
- MPLX LP (MPLX) Gains But Lags Market: What You Should Know [Yahoo! Finance]Yahoo! Finance
- MPLX LP Announces Quarterly DistributionPR Newswire
- New to Investing? This 1 Oils and Energy Stock Could Be the Perfect Starting Point [Yahoo! Finance]Yahoo! Finance
MPLX
Earnings
- 1/30/24 - Beat
MPLX
Sec Filings
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- MPLX's page on the SEC website