MPLX Is A Buy For Its 7% Yield And Bright Growth Prospects [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
Summary MPLX LP ( MPLX ) is getting attractive at current levels as earnings are on the rise due to prolific shale production taking place in North America. Yet, with positive earnings and catalysts to propel the stock price higher, share prices are cheap, hovering only a few dollars above 52 week lows. So, what gives for MPLX and the midstream sector? Earnings were impacted in the latest quarter by harsh winter weather conditions in the Northeast, maintenance at their Houston complex, and drillers choosing to shut in wells that are currently producing in order to safely frac other wells in the area, which eliminates fracking interferences from well to well. However, these issues are strictly temporary and should be resolved in the coming quarter. Consequently, with growth and earnings on the rise, a 7% yield to support shares at current levels, and widening differentials in the Permian causing more demand for takeaway capacity, MPLX is a buy at current levels. MPLX LP
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MPLX
News
- Why the Market Dipped But MPLX LP (MPLX) Gained Today [Yahoo! Finance]Yahoo! Finance
- Brokers Suggest Investing in MPLX LP (MPLX): Read This Before Placing a Bet [Yahoo! Finance]Yahoo! Finance
- MPLX LP (MPLX) Is a Trending Stock: Facts to Know Before Betting on It [Yahoo! Finance]Yahoo! Finance
- Are Oils-Energy Stocks Lagging MPLX LP (MPLX) This Year? [Yahoo! Finance]Yahoo! Finance
- Best Income Stocks to Buy for April 15th [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