MPLX - MPLX LP
| Previous Close | 23.81 |
| Open | 23.95 |
| Bid | 23.60 x 1100 |
| Ask | 24.01 x 3200 |
| Day's Range | 23.55 - 24.06 |
| 52 Week Range | 22.24 - 35.24 |
| Volume | 2,108,826 |
| Avg. Volume | 3,666,419 |
| Market Cap | 25.422B |
| Beta (5Y Monthly) | 1.15 |
| PE Ratio (TTM) | 24.02 |
| EPS (TTM) | 1.00 |
| Earnings Date | May 05, 2020 - May 10, 2020 |
| Forward Dividend & Yield | 2.75 (11.45%) |
| Ex-Dividend Date | Feb 02, 2020 |
| 1y Target Est | 31.82 |
- GuruFocus.com
T. Boone Pickens' BP Capital Adds 3 Energy Stocks to Portfolio
Firm of the late oil tycoon releases 4th-quarter trades Continue reading...
- Zacks
MPLX Q4 Earnings Miss Estimates on Lower Throughput Volumes
MPLX's fourth-quarter results are affected by lower Logistics and Storage throughput volumes, partially offset by higher average tariff rates from pipelines.
- Thomson Reuters StreetEvents
Edited Transcript of MPLX earnings conference call or presentation 29-Jan-20 4:00pm GMT
Q4 2019 MPLX LP Earnings Call
- Zacks
Marathon Petroleum (MPC) Q4 Earnings, Revenues Top Estimates
Marathon Petroleum's refined product sales volumes and throughput of 3,750 mbpd and 3,069 mbpd came ahead of the Zacks Consensus Estimate of 3,619 mbpd and 3,052 mbpd, respectively.
- Zacks
MPLX LP's (MPLX) Q4 Earnings Miss, Sales Beat Estimates
MPLX's (MPLX) operating income from Logistics and Storage segment witnessed a jump of 6.28% from the prior-year quarter to $677 million.
- Zacks
Delek Logistics Partners (DKL) Hikes Cash Distribution by 1%
Delek Logistics Partners (DKL) will now pay a quarterly cash distribution of 88.5 cents per share, up from 88 cents paid out in the previous quarter.
- Zacks
MPLX Gears Up to Report Q4 Earnings: What's in the Cards?
MPLX's fourth-quarter 2019 earnings are expected to have been affected by lower gathering throughput volumes from Southwest and Utica operations.
- PR Newswire
MPLX LP Increases Quarterly Distribution
The board of directors of the general partner of MPLX LP (NYSE: MPLX) has declared a quarterly cash distribution of $0.6875 per common unit for the fourth quarter of 2019, or $2.75 on an annualized basis.
- Zacks
TechnipFMC Retains Spin-Off Date, Expects to Boost Prospects
TechnipFMC's (FTI) move to split into two entities is seen as a strategic effort to explore different markets and enrich potential benefits.
- GuruFocus.com
Insiders Are Buying This 10.27% Dividend
Another attractive play in the undervalued energy sector Continue reading...
- TipRanks
3 “Strong Buy” Dividend Stocks Yielding Over 6%
Investors looking for a strong return can choose one of two main strategies: they can seek out stocks with high share price appreciation, or they can look for high dividends.Dividends are profit sharing payments sent out to stockholders. Companies have a variety of reasons for paying them, ranging from simply sweetening the pie to attract investors to compliance with tax law. But whatever the motive behind them, dividends are cash in the investor’s pocket.Companies usually make the payments quarterly, and they are analyzed by several metrics. The payment, of course, is the cash sent out. It can be stated as a quarterly or annualized sum. The yield is the annualized sum as a percentage of the share price – or, how much of the stock value is paid back to investors. Among S&P listed companies, dividend yields average near 2%. The payout ratio is the quarterly payment as a percentage of quarterly earnings, and is a measure of the dividend’s sustainability. Obviously, investors like high ratios, but if the ratio is too high a company simply cannot afford it.With all of that in mind, we’ve opened up the Stock Screener tool from TipRanks, a company that tracks and measures the performance of analysts, to find stocks with high dividend yields. Setting the screener filters to show stocks with "strong buy" consensus rating and a high dividend yields exceeding 5% gave us a manageable list of stocks. We’ve picked three to focus on.Two Harbors Investment (TWO)Real estate investment trusts (REITs) are companies formed to buy, own, and manage various forms of real property – residential and commercial real estate – and to derive income from them. Investors provide the capital needed for purchases, and tax regulations require the companies to pay back a high percentage of income to shareholders. That last is the reason behind the high dividend yield offered by REITs like Two Harbors. It is not unusual to find an REIT with a payout ration that occasionally exceeds 100%.Two Harbors owns both real properties and mortgage-backed securities, with a focus on residential properties. Ownership of both properties and mortgages is a hybrid strategy in the sector, designed to minimize the risks attached to either one, while maximizing income from varied streams. TWO has leveraged the hybrid strategy to build a steady revenue stream, which at $58.66 million beat the forecasts in the third quarter.That revenue translated to an EPS of 24 cents, a 33% miss of the forecast, and down 50% yearly. Despite the low quarterly results, the company maintains its dividend, per compliance with tax law, at a high 40 cents per quarter. The annualized payment, $1.60, puts the yield at 10.96%, more than 5 times the S&P average. TWO has a history of adjusting the quarterly dividend to ensure that it can meet the obligation, even with a high payout ratio.Wall Street’s analysts are bullish on TWO’s ability to maintain both its revenue stream and its dividend payment. Writing from Credit Suisse shortly after meeting with TWO management earlier this month, 4-star analyst Douglas Harter said, “The meeting highlighted the attractive returns available to TWO in Agency MBS and MSR. In the short-term, some of this return will be recognized in terms of gains and not through core earnings. The company’s track record of delivering economic return gives us confidence in the strategy despite the near-term core earnings shortfall.” In line with his optimism on TWO, Harter gave the company a Buy rating with a $14.50 price target. In recent days, TWO stock has surpassed that target. (To watch Harter’s track record, click here)Jason Weaver, of Compass Point, agrees that TWO is a buying proposition. He writes, “In our view, the company offers a streamlined portfolio with attractive risk/reward characteristics in the current market environment, with sufficient ROE generation capacity to sustain the current dividend and grow book value over the long run.” Weaver’s $15.20 price target suggests a modest upside to the stock, of 4.1%, which is compensated for by the high dividend yield. (To watch Weaver’s track record, click here)Two Harbors stock has shown gains this year, although at 14.5% those gains have underperformed the overall markets. The shares get a Strong Buy from the analyst consensus, based on 6 reviews that include 5 Buys and 1 Hold. The average price target, of $15.20, matches analyst Weaver’s, above. (See Two Harbors price targets and analyst ratings on TipRanks)MPLX LP (MPLX)REITs are not the only place to find great dividend yields. The energy industry may get a bad rap from environmentalists and conspiracy theorists, but it typically gets a thumbs up from investors. As an industry, it tends to drip cash, and energy companies are well known for paying out, over the long term, high dividends. MPLX, a spin-off partnership of Marathon Petroleum which maintains a controlling interest, is no exception.MPLX primarily handles midstream operations. The company has an array of assets, from pipelines to inland river shipping to oil and gas terminals to refinery storage, along with loading and dock facilities. In effect, Marathon shrugged off its product transport and created a company – MPLX – to handle that aspect of the business. It allows both companies to sharpen their focus and operate more efficiently.Midstream is not MPLX’s only area of operation. It also has a significant natural gas business, with gathering and extraction systems. These operations produce industrially important natural gas derivatives such as ethane, ethylene, butane, propane, and propylene. MPLX also handles transport of these products.MPLX has been a profitable endeavor, on its own and for parent company Marathon. Q3 presents a good example. MPLX beat the forecasts on both revenue and EPS, with total sales coming in at $2.28 billion against the estimated $2.24 billion. EPS, at 61 cents, beat the forecast by 3.3%. The company announced a dividend for the quarter, of 67.5 cents per share, which annualized to $2.71 and yields 10.66%. Even better for investors, MPLX has a history of gradually raising the dividend payment; it was 59 cents in November 2017, and has gone up 1 cent every quarter since.Michael Blum, 4-star analyst from Wells Fargo, reviewed MPLX and set a Buy rating on the stock. Of his $36 price target, he writes, “Our price target is based on a blend of (1) a three-stage distribution/dividend discount model, which assumes a required rate of return of 9% and long-term growth rate of 0.5%, (2) a 2021E EV-to-EBITDA multiple of ~11x, and (3) a sum-of-the-parts valuation based on our 2021 forecast.” The target implies an upside of 41% for MPLX shares. (To watch Blum’s track record, click here)MPLX sells for an affordable price, just $25.43, making it a fine option for investors seeking both high upside and high dividends. The average price target, $31.75, indicates room for 24% growth in the coming year. The shares’ Strong Buy analyst consensus comes from 6 Buys and 2 Holds given in recent months. (See MPLX’s stock analysis at TipRanks)Brigham Minerals (MNRL)By this time, we all know about the huge successes of the US oil extraction industry in the past decade. The US has become the world’s single largest producer of crude oil, and in September 2019, for the first time since WWII, the US exported more oil and oil products than it imported. In short, energy is a big and growing business in the US.That business has to start somewhere, and that’s where companies like Brigham Minerals come in. Brigham is an acquisition company, buying oil and gas mineral rights in the western US. The company’s main properties are located in the Delaware and Midland basins Texas and the Bakken region in North Dakota – some of the most productive oil and gas fields in the US. MNRL also has extensive interests Oklahoma, Colorado, and Wyoming.The value of MNRL’s acquisitions can be seen by the company’s Q3 revenues. Total income, at $25.11 million, beat the estimate by 1.4%. EPS, however, was down at 6 cents per share. Volatility is somewhat to be expected, as MNRL only started trading in April of this year. Management was unfazed by the lower EPS and announced a dividend of 33 cents. It was the company’s second quarterly dividend and equaled the previous payout. The dividend annualized to $1.32 per share and gives a yield of 6.3%. While lower than the stock above, this is still more than triple average dividend among S&P companies, and three and a half times higher than the Federal Reserve’s key rate.5-star analyst T J Schultz, writing from RBC Capital, was impressed enough with MNRL’s position to reiterate his Buy rating. He says of the stock, “MNRL’s superior acreage position and strong counterparty producers are expected to drive >25% production growth in 2020. We think this level of production growth can translate into double digit dividend growth with >1.1x coverage. Furthermore, a strong balance sheet provides optionality to flex growth higher in 2020 via acquisitions.” Schultz puts a $25 price target on MNRL, suggesting an upside of 18%. (To watch Schultz’s track record, click here)Overall, MNRL gets a good rap from Wall Street. The company has a Strong Buy consensus rating, based on 3 recent Buy reviews. The average price target, $25, matches Schultz’s, giving the stock a robust potential. Combined with the high dividend and the 21% gain since MNRL started trading, and the upside is clear. (See Brigham Minerals price targets and analyst ratings)
- Zacks
4 Reasons to Add Delek Logistics (DKL) to Your Portfolio Now
Delek Logistics Partners (DKL) is a strong investment bet given its distribution assets located in prime production region and long-term contracts with drillers.
- Zacks
Here's Why it is Worth Investing in Marathon (MPC) Stock Now
Marathon Petroleum's (MPC) diversified portfolio of refining, retail and midstream operations bodes well. Further, this lowers its vulnerability to volatile commodity prices.
- Insider Monkey
Should You Buy MPLX LP (MPLX)?
Hedge funds are known to underperform the bull markets but that's not because they are terrible at stock picking. Hedge funds underperform because their net exposure in only 40-70% and they charge exorbitant fees. No one knows what the future holds and how market participants will react to the bountiful news that floods in each […]
- American City Business Journals
Ohio-based MLP nabs Texas incentives for Houston-area project
A subsidiary of Ohio-based MLPX LP (NYSE: MPLX) has picked up an agreement with a Houston-area school district cutting taxes on a project worth nearly half a billion dollars. Angleton Independent School District agreed to tax the project as though it were worth $30 million — less than one-10th of the cost to build it — for the 10-year life of the incentive deal, according to the terms of the agreement, which were published by the Texas Comptroller in November. MPLX is a master limited partnership under Ohio-based Marathon Petroleum Corp. (NYSE: MPT).
- Zacks
Marathon (MPC) Names New Director, Provides Strategy Update
Marathon Petroleum (MPC) is making efforts to form the largest U.S.-listed convenience store operator by spinning off Speedway into an independent publicly traded company.
- Zacks
MPLX LP (MPLX) Stock Sinks As Market Gains: What You Should Know
MPLX LP (MPLX) closed at $24.74 in the latest trading session, marking a -1.94% move from the prior day.
- PR Newswire
MPLX LP to Announce 2019 Fourth-Quarter and Full-Year Financial Results Jan. 29
MPLX LP (NYSE: MPLX) a master limited partnership sponsored by Marathon Petroleum Corp. (NYSE: MPC), will host a conference call with analysts on Wednesday, Jan. 29, 2020, at 11 a.m. EST to discuss 2019 fourth-quarter and full-year financial results, which will be released earlier that day, and to provide an update on company operations.
- Zacks
Here's Why You Should Hold on to MPLX in Your Portfolio Now
MPLX's strong and stable operations are likely to back the partnership to persistently grow its distributable cash flow in the coming quarters.
- Zacks
MPLX, Partners Hold Binding Open Season for Whistler Pipeline
MPLX (MPLX) expects the 42-inch Whistler Pipeline to come online in the summer of 2021.
- Thomson Reuters StreetEvents
Edited Transcript of MPLX earnings conference call or presentation 31-Oct-19 3:00pm GMT
Q3 2019 MPLX LP Earnings Call
- InvestorPlace
7 Buy-Rated Stocks With Dividend Yields Over 9%
The market is making moves, and investors are taking notice. As we near the end of third quarter 2019 earnings season, Savita Subramanian of Merrill Lynch stated that following better-than-expected results, there appears to be a renewed sense of optimism.According to the analyst, companies that have already reported earnings have taken a "much more optimistic tone than in recent quarters," with 43% of companies using the word "optimistic" or "optimism" during their releases. This is up from the average of 37% in the two preceding quarters.So how can investors best take advantage of this renewed economic outlook? Wall Street pros suggest adding names capable delivering stable payouts, or more specifically dividend stocks. However, not all dividend stocks represent compelling investments as some boast significantly higher yields than others.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBearing this in mind, I used the TipRanks Stock Screener to zero in on seven dividend stocks to buy that consistently pay out over a 9% yield. This isn't too shabby when you compare it to the S&P 500's fiscal Q2 2019 average dividend yield of 1.92%. * 10 Stocks to Buy Regardless of Q3 Earnings Let's take a closer look. Stocks to Buy: Energy Transfer (ET) Source: Shutterstock Dividend Yield: 10%Energy Transfer, L.P. (NYSE:ET) is one of the largest and most diversified midstream energy companies in the U.S. After the company's Nov. 6 third-quarter earnings release, all eyes are on ET.Top analyst, RBC Capital's Elvira Scotto, believes that the company is on track to achieve an approximately 4.5x debt-to-EBITDA by the end of this calendar year. This is expected to be achieved through ramping up cash flows from Rover, Revolution, ME2/2X and several other growth projects as well as distribution payments slated for the end of 2021."With its slate of large-scale, primarily fee-based growth projects coming online and ramping, we expect cash flow growth to drive leverage meaningfully lower in the coming years, which should allow ET to return more cash to shareholders," she commented.This lends itself to her conclusion that ET will continue to reward investors with a stable dividend. We mean an annualized payout of $1.22 per share, which amounts to a yield of 9.7%. Based on all of the above, the five-star analyst predicts shares could soar 88% in the next twelve months.As seven Buy ratings have been assigned vs no Holds or Sells in the last three months, the message is clear: ET is a Strong Buy. Not to mention its $21 average price target brings the upside potential to 70%.See the ET stock analysis. MPLX (MPLX)Source: Shutterstock Dividend Yield: 11%Formed by Marathon Petroleum (NYSE:MPC), MPLX, L.P. (NYSE:MPLX) owns and operates energy logistics and infrastructure assets as well as provides fuel distribution services.Coming on the heels of its third-quarter earnings and sales beat, MPLX appears primed to deliver massive returns. Net income attributable to MPLX came in at $629 million, up from $510 million in the prior-year quarter. Adding to the good news, further gains are expected to be fueled by its Andeavor Logistics acquisition which was finalized at the end of July.CEO Gary R. Heminger added, "Additionally, we moved forward with high-grading our growth capex portfolio and today announced a growth capital target of approximately $2.0 billion for 2020."As management has outlined a clear growth path, MPLX is likely to remain a high dividend payer, or 10.3% annualized to be exact.With this in mind, RBC Capital analyst TJ Schultz maintained his bullish thesis. While he did lower the price target from $38 to $33, the five-star analyst still sees 31% upside potential in store for the energy company.Like Schultz, the rest of the Street is optimistic about MPLX. Seven Buy ratings and one Hold received over the last three months add up to a Strong Buy analyst consensus. Its average price target of $34 suggests shares could surge 33% in the next year. * 7 of the Best Internet Stocks to Buy See the MPLX stock analysis.To learn more about dividend stocks, Neil George is selling special access to his book Income for Life: 65 Income Streams ANYONE Can Collect for just $1. New York Mortgage (NYMT)Source: Shutterstock Dividend Yield: 13%New York Mortgage Trust, Inc. (NASDAQ:NYMT) manages a portfolio of assets with the goal of delivering stable returns to its clients. The real estate investment trust (REIT) invests in and manages mortgage-related assets. That being said, its strength as a dividend stock makes it a stand out.We aren't talking chump change here. NYMT has consistently rewarded investors with an $0.80 annualized payout, putting the dividend yield at 12.8%. This is nothing short of impressive when you consider the financial sector average of 0.04%.According to Maxim Group analyst Michael Diana, the company's focus on book value and credit strategies has the potential to cement NYMT's status as a reliable profit generator and dividend name. "In our view, NYMT deserves a premium valuation to the group due to its strong track record of preserving book value and its focus on credit strategies in an environment which we regard as favorable for credit strategies," he explained.In general, the opinion on the Street is more mixed. Its Moderate Buy consensus rating comes from the 1 Buy and 1 Hold NYMT racked up in the previous three months. However, shares could rise 14% in the next twelve months.See the NYMT stock analysis. Two Harbors (TWO)Source: Shutterstock Dividend Yield: 11.3%Like NYMT, Two Harbors Investment Corporation (NYSE:TWO) is an REIT, with its primary focus being residential mortgage-backed securities (RMBS). While it faces steep competition in the financial sector, the company has the advantage thanks to its limited sensitivity to interest rates. Louis Navellier, a legendary investor in his own right, calls stocks like these "bulletproof stocks" and you can learn more about them here."Two Harbors is a hybrid mortgage REIT with less rate sensitivity due to differentiated agency MBS/MSR pairing strategy along with a unique, legacy credit-oriented portfolio," RBC Capital analyst Kenneth Lee explained. This reasoning played into Lee's decision to start coverage with a bullish call and set a $15 price target.Given its ability to generate profits regardless of the current macro backdrop, it's a positive sign that TWO can continue to hand over a hefty dividend payout. We're talking 40 cents paid out each quarter, bringing the annualized sum to $1.60 per share or an 11.5% yield.Looking at the analyst consensus breakdown, the rest of the Street has high hopes for TWO. Factoring in the three buys assigned over the last three months, the stock earns Strong Buy status. * 7 Stocks to Buy That Save You Money See the TWO stock analysis. Oasis Midstream Partners (OMP)Source: Shutterstock Dividend Yield: 11.4%Oil and gas producer Oasis Midstream Partners L.P. (NYSE:OMP) has captured Wall Street's attention after its Nov. 5 third-quarter earnings release.Investors were happy to learn that quarterly cash distribution gained 5% from the preceding quarter. Adding to the good news, OMP signed additional third-party agreements in the Delaware and Williston Basins as well as saw solid water service volumes.However, its 11.4% dividend yield caught my eye. OMP has been reliably paying out 49 cents per share each quarter, adding up to a $1.96 annualized payout. With a payout ratio of 61.7%, the energy company is poised to continue delivering big rewards to investors.All of this supports RBC Capital analyst TJ Schultz's assumption that OMP's growth narrative remains strong. While he did cut the price target from $25 to $22, the upside potential still comes in at 20%.In general, other analysts echo Schultz's sentiment. On top of garnering Strong Buy status, its $23 average price target puts the potential twelve month gain at 23%.See the OMP stock analysis. Ellington Financial (EFC) Source: Shutterstock Dividend Yield: 9%Ellington Financial Inc. (NYSE:EFC) is a specialty finance company serving clients located throughout the U.S. With EFC on track to raise its already impressive dividend, it's no wonder investors have been captivated by this stock.Even though some had originally expressed concerns regarding how EFC's transition to a REIT would impact its ability to hand out consistent payments, one top analyst is reassuring investors."We believe that EFC's recent conversion to a REIT, combined with our projected growth from its diversified business model, should lift the stock to a premium to its forward book value and in line with its core Mortgage REIT peer group. In addition, EFC is positioned to raise its dividend as its credit businesses grow, ROEs on its agency MBS strategy pick up, and REIT taxable income requirements increase distributions to shareholders," Nomura's Matthew Howlett commented.This is incredibly exciting news as the financial services company has already been steadily paying out $1.68 per share on an annual basis, or a 9% yield.All of the above factors prompted Howlett to start his EFC coverage by publishing a bullish call. Not to mention the four-star analyst's $20 price target implies shares could jump 9% in the next twelve months.Based on its 100% Street approval, EFC is a Strong Buy. The potential upside of 9% should also be taken into consideration. * 10 Stocks That Every 30-Year-Old Should Buy and Hold Forever See the EFC stock analysis. Black Stone Minerals (BSM) Source: Shutterstock Dividend Yield: 11.3%This oil and natural gas company has a lot to brag about. Not only does Black Stone Minerals, L.P. (NYSE:BSM) have a Strong Buy consensus rating and upside potential of 45%, but it also boasts a noteworthy dividend.Besting the basic materials sector average of 0.04%, BSM's yield comes in at 11.3% as a result of its $1.48 annualized payout per share. With a strong third-quarter performance under its belt, its ability to continue paying out these substantial sums looks secure.According to its Nov. 4 earnings release, production during the quarter reached 49.0 MBoe/d driven by a 14% year-over-year increase in royalty production. BSM also purchased $2.3 million-worth of properties in East Texas in the quarter, bringing total 2019 acquisition-related spending to $43.9 million.If this wasn't compelling enough, BSM has racked up substantial Wall Street support in the last three months. This includes the likes of JonesTrading analyst Eduardo Seda."We note that BSM had recently raised its production guidance for full-year 2019 to a range of 47.5 MBoe/d to 50.5 MBoe/d, a 5% increase midpoint to midpoint from prior guidance," the four-star analyst commented. With this in mind, he reiterated his Buy recommendation and $22 price target, indicating 69% upside from the current share price.See the BSM stock analysis.Legendary investor Louis Navellier has opinions of his own. Louis believes investors should buy bulletproof stocks that can thrive in any market.To prepare for a shifting market, Louis suggests steps that every investor should take right now:* Follow the money: Buy stocks that are seeing massive cash infusions.* Protect your portfolio: Invest in market-beating stocks with Louis' simple trick.* Go risk-off: Strong fundamentals are more paramount than ever.Louis' track record is enviable and stocked with winners, including the following: * 274% gain in semiconductor stock Nvidia * 134% gain in defensive plays * 123% gain in a personnel service stockTo learn how to invest in this shifting market, and to recieve Louis' top stock picks, click here.TipRanks offers investors the latest insight into eight different sectors by tracking the activity of over 5,000 Wall Street analysts. As of this writing, Maya Sasson did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Sell Before They Roll Over * 5 Beaten-Up Stocks to Buy That Could Be Saved By An Acquisition * 4 Startup Stocks Getting Smashed The post 7 Buy-Rated Stocks With Dividend Yields Over 9% appeared first on InvestorPlace.
- Zacks
MPLX Q3 Earnings Beat Estimates on Higher Throughput Volumes
MPLX's (MPLX) third-quarter results are boosted by higher throughput volumes, strong performance of its core business and the acquisition of Andeavor Logistics.
- Moody's
Marathon Petroleum Corporation -- Moody's changes Marathon Petroleum's and MPLX's outlooks to negative
Moody's Investors Service ("Moody's") changed Marathon Petroleum Corporation's (MPC) outlook to negative from stable, while affirming its Baa2 senior unsecured rating and its P-2 short-term rating. Moody's also changed MPLX LP's (MPLX) outlook to negative from stable, while affirming its Baa2 senior unsecured rating.
- Zacks
MPLX LP's (MPLX) Q3 Earnings and Sales Beat Estimates
Increased contributions from the Logistics and Storage segment led to MPLX LP's (MPLX) improved Q3 results.
