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MPLX LP - MPLX STOCK NEWS

Welcome to our dedicated news page for MPLX LP (Ticker: MPLX), a resource for investors and traders seeking the latest updates and insights on MPLX LP.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect MPLX LP's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of MPLX LP's position in the market.

News
WHISTLER PIPELINE AND ENBRIDGE AGREE TO STRATEGIC COMBINATION OF WHISTLER AND RIO BRAVO NATURAL GAS ASSETS
Rhea-AI Summary
WhiteWater, I Squared, MPLX LP, and Enbridge Inc. announce a strategic joint venture combining the Whistler Pipeline and Rio Bravo Pipeline projects. Enbridge to contribute Rio Bravo Pipeline project and cash for ownership stake. Transaction to benefit customers by connecting Permian supply to LNG export markets and support pipeline projects along the Gulf Coast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.81%
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none
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News
MPLX LP 2023 K-1 tax packages now available on company website
Rhea-AI Summary
MPLX LP (NYSE: MPLX) has released its 2023 investor tax packages, available on its website and through mail starting March 27, 2024. Investors can access the packages online or contact the company for assistance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.42%
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none
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News
MPLX LP to Report First-Quarter Financial Results on April 30, 2024
Rhea-AI Summary
MPLX LP (MPLX) will hold a conference call on April 30, 2024, to discuss its first-quarter financial results, with the webcast available on their website. Financial data and investor-related materials will be accessible online before the call.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.75%
Tags
conferences earnings
News
MPLX LP files 2023 Form 10-K
Rhea-AI Summary
MPLX LP filed its Annual Report on Form 10-K for the year ended Dec. 31, 2023, with the SEC. The report includes audited financial statements and can be accessed on MPLX's website. Unitholders can request a free hard copy by writing to the company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.44%
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none
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News
MPLX LP Reports Fourth-Quarter and Full-Year 2023 Financial Results
Rhea-AI Summary
MPLX LP reported a strong fourth-quarter net income of $1.1 billion and adjusted EBITDA of $1.6 billion. The full-year 2023 net income was $3.9 billion and adjusted EBITDA was $6.3 billion, with $5.4 billion net cash provided by operating activities and $5.3 billion distributable cash flow. The company returned $3.3 billion of capital to unitholders and announced a 10% quarterly distribution increase for the second consecutive year. The acquisition of a partner's interest in the G&P joint venture and a 2024 capital spending outlook of $1.1 billion were also highlighted.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.09%
Tags
earnings
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News
MPLX LP Announces Quarterly Distribution
Rhea-AI Summary
MPLX LP (NYSE: MPLX) has declared a quarterly cash distribution of $0.85 per common unit for the fourth quarter of 2023, or $3.40 on an annualized basis. The distribution will be paid on Feb. 14, 2024, to common unitholders of record as of Feb. 5, 2024. Concurrent with this announcement, qualified notice to brokers and nominees that hold MPLX units on behalf of non-U.S. investors has been provided, outlining the federal income tax withholding implications for non-U.S. investors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.35%
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none
News
MPLX LP announces C. Kristopher Hagedorn as Chief Financial Officer
Rhea-AI Summary
MPLX LP (NYSE: MPLX) appoints C. Kristopher Hagedorn as the new CFO effective January 1, 2024, succeeding John J. Quaid, who will take on the role at Marathon Petroleum Corporation (NYSE: MPC). Hagedorn brings over 25 years of financial accounting and audit expertise, with nearly 10 years in the midstream sector. His appointment is aimed at supporting the company's commitment to growing distributable cash flow, reinvesting in the business, and returning capital to unitholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.17%
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none
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News
Marathon Petroleum Corp. announces Maryann T. Mannen as President, John J. Quaid as Chief Financial Officer
Rhea-AI Summary
Marathon Petroleum Corp. (NYSE: MPC) announces changes to the executive management team, with Maryann T. Mannen appointed as president and John J. Quaid as executive vice president and chief financial officer. Mannen will oversee the nation's largest refining business, commercial performance, and the health, environment, safety, and security function. Quaid's financial expertise is expected to serve MPC well in achieving shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.17%
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none
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News
MPLX LP to Report Fourth-Quarter and Full-Year Financial Results on January 30, 2024
Rhea-AI Summary
MPLX LP (NYSE: MPLX) will host a conference call on January 30, 2024, at 9:30 a.m. EST to discuss 2023 fourth-quarter and full-year financial results. Interested parties can listen to the conference call on MPLX's website. Financial information, including the earnings release and other investor-related material, will be available online prior to the conference call and webcast at www.mplx.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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conferences earnings
News
MPLX LP Reports Third-Quarter 2023 Financial Results
Rhea-AI Summary
MPLX LP reported third-quarter net income of $918 million and generated net cash provided by operating activities of $1,244 million. Adjusted EBITDA was $1,596 million and distributable cash flow was $1,373 million. The company returned $799 million in capital to unitholders and announced a quarterly distribution increase of 10% to $0.85 per unit.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.99%
Tags
earnings
Stock MPLX logo
MPLX LP

NYSE:MPLX

MPLX Rankings

#297 Ranked by Market Cap
N/A Ranked by Stock Gains
#315 Ranked by Dividends

MPLX Stock Data

41.08B
361.64M
64.25%
24.33%
1.05%
Pipeline Transportation of Natural Gas
Transportation and Warehousing
Link
US
Findlay

About MPLX

mplx lp owns and operates midstream energy infrastructure and logistics assets primarily in the united states. it operates in two segments, logistics and storage, and gathering and processing. the company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, exchange, storage, and marketing of natural gas liquids; transportation, storage, distribution, and marketing of crude oil and refined petroleum products, as well as other hydrocarbon-based products, such as asphalt; and sale of residue gas and condensate. its pipeline network includes 13,000 miles of pipeline throughout the united states; storage caverns consist of butane, propane, and liquefied petroleum gas storage with a combined capacity of 4.7 million barrels located in neal in west virginia, woodhaven in michigan, robinson in illinois, and jal in new mexico, as well as marine business owns and operates 23 boats, 286 barges, and third-party chartered equipment,