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MPLX LP - $MPLX STOCK NEWS

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

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.

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.
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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.
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2.99%
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Marathon Petroleum Corp. reported third-quarter net income of $3.3 billion, or $8.28 per diluted share. Adjusted net income was $3.2 billion, or $8.14 per diluted share. Adjusted EBITDA was $5.7 billion, and net cash provided by operating activities was $5.0 billion. MPC increased its distribution by 10% and expects to receive an incremental $200 million annually. The company returned $3.1 billion of capital through share repurchases and dividends. MPC also announced a quarterly dividend increase of approximately 10% and an additional $5 billion share repurchase authorization.
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2.99%
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Rhea-AI Summary
MPLX LP declares a quarterly cash distribution of $0.85 per common unit for Q3 2023, representing a 10% increase from the previous quarter. The distribution will be paid on Nov. 13, 2023.
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0.17%
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MPLX LP to host conference call on October 31, 2023, to discuss 2023 Q3 financial results
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-0.09%
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Rhea-AI Summary
MPLX LP announces availability of 2022 Schedule K-3 tax packages on its website. Limited number of investors may need detailed information for reporting requirements. No mailing of tax packages. For electronic copy, call 1-800-232-0011.
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Marathon Petroleum Corp and MPLX LP publish Sustainability Report and TCFD-Aligned Climate Perspectives Report
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1.49%
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1.44%
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MPLX LP (NYSE: MPLX) declares a quarterly cash distribution of $0.775 per common unit for Q2 2023, totaling $3.10 annually. The distribution is payable on Aug. 14, 2023, to common unitholders of record as of Aug. 4, 2023. The company also provides a qualified tax notice to brokers and nominees regarding distributions to non-U.S. investors under Treasury Regulation Section 1.1446-4.
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0.85%
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0.54%
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MPLX LP

NYSE:MPLX

MPLX Rankings

MPLX Stock Data

41.77B
361.64M
64.25%
24.33%
1.05%
Pipeline Transportation of Natural Gas
Transportation and Warehousing
Link
United States of America
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,