MPLX LP (NYSE:MPLX) is reporting third quarter financial results on Monday 2nd November 2020, before market open.
According to analysts surveyed by Thomson Reuters, MPLX is expected to report 3Q20 income of $ 0.58 per share from revenue of $ 2071.24 million.
For the full year, analysts anticipate top line of $ 7466.26 million, while looking forward to loss of $ 0.85 per share bottom line.
Previous Quarter Performance
MPLX LP unwinded income for the second quarter of $ 0.58 per share, from the revenue of $ 2,081.00 million. The quarterly earnings elevated 5.45 percent while revenues extended 27.75 percent compared with the same quarter last year.
Street analysts expected MPLX LP to report income of $ 0.49 per share on revenue of $ 1978.81 million for the second quarter. The bottom line results beat street analysts by $ 0.09 or 18.37 percent, at the same time, top line results outshined analysts by $ 102.19 million or 5.16 percent.
Stock Performance
On Friday, shares of MPLX LP has traded high as $ 17.22 and has cracked $ 16.76 on the downward trend, reaching $ 17.21 with volume of 2.32 million shares.
According to the previous trading day, closing price of $ 17.21, representing a 147.74 % increase from the 52 week low of $ 6.87 and a 37.79 % decrease over the 52 week high of $ 27.36.
The company has a market capital of $ 17.90 billion and is part of the Energy sector and Oil & Gas Midstream industry.
Recent Analyst recommendations
- On 25th September 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 18.00 target price.
Recent Stock Dividend Announcement
On July 28, 2020, the board of directors authorized quarterly dividend of $ 0.6875 per share to holders of record as of the close of business on August 7, 2020, with payment date of August 14, 2020 and ex-dividend date on August 6, 2020.
Conference Call
MPLX LP will be hosting a conference call at 11:00 AM eastern time on 2nd November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.mplx.com
MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. The company also provides fuels distribution services. It operates in two segments, Logistics and Storage, and Gathering and Processing.
