MPLX: Upside Getting Squeezed But Still A Strong Income Play Yielding 8.32% [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
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Source: Seeking Alpha
I am no longer bullish on MPLX due to its valuation reaching a temporary top. Risks to investment thesis include opportunity cost, potential retracement, and regulation risks. I have been bullish on the MLP sector for some time, even when the calls for displacing traditional energy sources were more abundant than they are today. The sector has had a phenomenal year as the Alerian MLP ETF ( AMLP ) has appreciated by 25.93% over the past year while paying $3.45 in dividend income , which is a 9.26% yield on the cost of shares when they traded for $37.26 this time last year. I have been indicating through several articles on Seeking Alpha that the MLP sector looked undervalued, and I was specifically interested in Energy Transfer ( ET ), Enterprise Products Partners ( EPD ), and MPLX LP ( NYSE: MPLX ). These companies have provided a great combination of appreciation and income over the past year, but after the rally, the room for some MLPs to run is getting a lot shorter. While I a
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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