MPLX LP (MPLX) Tops Q3 EPS by 4c

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Go back to MPLX LP (MPLX) Tops Q3 EPS by 4c

MPLX LP Delivers Exceptional Third Quarter 2018 Financial Results

November 1, 2018 6:47 AM EDT

FINDLAY, Ohio, Nov. 1, 2018 /PRNewswire/ --

Reported third quarter net income of $510 million and adjusted EBITDA of $937 million, which provided 1.47x distribution coverage and resulted in 3.8x leverage Logistics & Storage segment income from operations of $468 million and adjusted EBITDA of $547 million driven by strong results from the underlying base business Gathering & Processing segment income from operations of $204 million and adjusted EBITDA of $390 million driven by record gathered, processed, and fractionated volumes Announced planned investment in the Permian-to-Gulf Coast Pipeline Acquired strategically located Gulf... More