MPLX LP (MPLX) Tops Q1 EPS by 2c

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Go back to MPLX LP (MPLX) Tops Q1 EPS by 2c

MPLX LP Reports First-Quarter 2019 Financial Results

May 8, 2019 6:58 AM EDT

FINDLAY, Ohio, May 8, 2019 /PRNewswire/ -- 

Reported first quarter net income of $503 million and adjusted EBITDA of $930 million, which provided 1.41x distribution coverage and resulted in 3.9x leverage Logistics & Storage segment income from operations of $480 million and adjusted EBITDA of $559 million driven by strong results from the underlying base business Gathering & Processing segment income from operations of $198 million and adjusted EBITDA of $371 million driven by record gathered, processed, and fractionated volumes Signed letter of intent to participate in Wink-to-Webster crude pipeline in the Permian Basin... More