MPLX Stock Recent News

Microsoft has delivered double-digit annual dividend growth over the last decade. Starbucks' latest strategy could reaccelerate its dividend growth rate.

MPLX LP (MPLX) reported earnings 30 days ago. What's next for the stock?

The midstream industry has become a favorite for income and growth, with stocks like Antero Midstream and MPLX LP gaining popularity. MPLX is a top player in the midstream industry, benefiting from its partnership with Marathon Petroleum and strong market presence. The company has reported strong earnings, with record pipeline throughput and growth in gathering and processing operations, indicating potential for future growth and dividend increases.

MPLX reported strong financial results for Q4, with adjusted EBITDA and DCF growth of nearly 9% and over 7%, respectively. The company announced a capital expenditure outlook of $1.1 billion for 2024, focused on organic projects and investments in the Marcellus and Permian basins. MPLX continues to see growth opportunities in its Northeast footprint, with increased drilling and production in the Marcellus and Utica basins.

MPLX: Expect Another Large Distribution Increase In 2024

MPLX LP is an attractive income and yield play for dividend investors. The midstream firm reported record EBITDA/DCF in FY 2023 with momentum in both core business segments. MPLX has a history of good distribution coverage and delivered a distribution growth rate of 10% to unitholders in Q4'23.

Higher contributions from MPLX's segments aid its fourth-quarter earnings.

MPLX grew at a strong rate last year. The MLP has lots of fuel to continue growing.

While the top- and bottom-line numbers for MPLX LP (MPLX) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

In today's article, I will demonstrate how to strategically select midstream operators that encompass both the Permian and the Marcellus. These operators are chosen to provide balanced exposure to crude, natural gas, NGLs, and refined products. Enterprise Products (50%), MPLX LP (25%), and Equitrans (25%) are the pillars of this thesis as each company excels in its own specific area of the midstream industry.