MPLX LP (MPLX) Tops Q2 EPS by 9c, Revenues Beat
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MPLX LP Reports Second-Quarter 2020 Financial Results
August 3, 2020 6:50 AM EDTFINDLAY, Ohio, Aug. 3, 2020 /PRNewswire/ --
Reported net income attributable to MPLX of $648 million and adjusted EBITDA attributable to MPLX of $1.2 billion Generated $1.1 billion in net cash provided by operating activities and reported distribution coverage of 1.39x Maintained quarterly distribution of $0.6875 per common unit On-track to reduce forecasted 2020 capital spending by over $700 million and operating expense by approximately $200 million Maintaining goal to achieve positive free cash flow, after capital investments and distributions, for 2021