MPLX: Expect Continued Steady Growth And Returns [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 company has strong financial performance, returning $3.3 billion to unit holders and maintaining a 1.6x distribution coverage. MPLX is focused on investing in growth capital and bolt-on acquisitions, with a strong balance sheet and low debt ratio. MPLX LP NYSE: MPLX ) has had perhaps one of the most straightforward recoveries from the initial COVID-19 related oil price collapse in 2020. Since then, with some stagnation, the company's share price has trended up, quadrupling to its current valuation of more than $40 billion. While we no longer expect such exponential growth, as we'll see throughout this article, we do expect the company to provide reliable long-term returns. MPLX Financial Results The company had strong financial performance in 2023 , but we can see that the company has definitely had its valuation line up with earnings. The company managed to return $3.3 billion to unit holders with a 10% quarterly distribution increase. It maintains a 1.6x distribution
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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