31.49 0.00 (0.00%)
After hours: 4:26PM EDT
|Bid||31.49 x 800|
|Ask||31.50 x 1400|
|Day's Range||31.27 - 31.70|
|52 Week Range||28.32 - 39.01|
|Beta (3Y Monthly)||0.86|
|PE Ratio (TTM)||13.73|
|Earnings Date||Jul 24, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||2.63 (8.31%)|
|1y Target Est||39.18|
The project is the latest in a string of tax incentive application for new fractionators worth hundreds of millions of dollars.
To capitalize on the pipeline bottleneck in the Permian, MPLX has various pipeline projects underway, which are likely to poise the firm well for strong distributable cash flows in the future.
FINDLAY, Ohio, June 5, 2019 /PRNewswire/ -- MPLX LP (MPLX), WhiteWater Midstream (WhiteWater) backed by First Infrastructure Capital, and a joint venture between Stonepeak Infrastructure Partners (Stonepeak) and West Texas Gas, Inc. (WTG) have reached a final investment decision to move forward with the design and construction of the Whistler Pipeline after having secured sufficient firm transportation agreements with shippers. The majority of available capacity on the planned pipeline has been subscribed and committed by long-term transportation agreements.
Futures closed the trading session down 0.6% after slumping as much as 3.8% in New York. Prices further backed off lows as the industry-funded American Petroleum Institute was said to report U.S. crude stockpiles dropped 5.27 million barrels last week. The earlier decline, which put WTI in line for its worst month since December, followed a selloff in equities and suggestions in Chinese media that the nation could restrict rare-earth exports critical to the U.S. defense, energy and electronics industries.
MPLX LP said on Wednesday that the issue that forced the shutdown of its 360,000 barrels per day (bpd) Ozark crude pipeline from Cushing Oklahoma to Wood River, Illinois has been resolved, traders told Reuters, citing a shipper notice. U.S. cash crude markets at Cushing, the delivery point for U.S. crude futures had weakened significantly on Tuesday after the outage.
WILMINGTON, Del., May 10, 2019 -- Rigrodsky & Long, P.A.: Do you own units of Andeavor Logistics LP (NYSE: ANDX)? Did you purchase any of your units prior to May 8,.
MPLX's first-quarter earnings are supported by contribution from dropdown transactions related to the Logistics and Supply segment's pipelines and refining logistics assets.
The parent company of Dayton's largest company, Speedway LLC, has finalized its merger of two additional companies.
Moody's Investors Service ("Moody's") upgraded MPLX LP's (MPLX) senior unsecured debt rating to Baa2 from Baa3. At the same time, Moody's upgraded the ratings of Andeavor Logistics LP (ANDX) including its senior unsecured debt to Baa3 from Ba1, and its preferred equity to Ba2 from Ba3.
NEW YORK, May 08, 2019 -- Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of Andeavor Logistics LP (NYSE: ANDX) on behalf of.
MPC’s Q1 Earnings Fall Short of Analysts' Expectations(Continued from Prior Part)Two midstream MLPs to combineOn May 8, Marathon Petroleum (MPC), MPLX LP (MPLX), and Andeavor Logistics LP (ANDX) announced that MPLX would acquire ANDX. As per the
NEW YORK, May 08, 2019 -- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Andeavor Logistics LP (“Andeavor” or.
Marathon Petroleum's (MPC) Refining & Marketing segment reported operating loss of $334 million compared with loss of $133 million in the year-ago quarter.
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 ...
Shares of Andeavor Logistics L.P. rallied 5.7% in premarket trade Wednesday, after the energy midstream logistics master limited partnership agreed to be acquired by MPLX L.P. in a deal valued at $9 billion. Under terms of the deal, Andeavor shareholders will receive 1.135 MPLX shares for each Andeavor share they own, which the companies said represent a 7.3% premium. In addition, Marathon Petroleum Corp. will receive 1.0328 MPLX shares for each Andeavor share held, representing a 2.4% discount. "This transaction simplifies our MLPs into a single listed entity and creates a leading, large-scale, diversified midstream company anchored by fee-based cash flows," said Gary Heminger, who is chief executive of all three entities. The deal is expected to immediately add to MPLX's distributable cash flow. Shares of Marathon Petroleum have tumbled 21.1% over the past 12 months, MPLX has shed 9.1% and Andeavor has dropped 27.6%, while the S&P 500 has gained 7.9%.
FINDLAY, Ohio , May 8, 2019 /PRNewswire/ -- Reported first-quarter loss of $7 million , or $(0.01) per diluted share, including a net benefit of $0.08 per diluted share due to a non-cash gain, transaction-related ...
FINDLAY, Ohio, May 8, 2019 /PRNewswire/ -- Marathon Petroleum Corporation (MPC), MPLX LP (MPLX), and Andeavor Logistics LP (ANDX) today announced that the two midstream companies have entered into a definitive merger agreement whereby MPLX will acquire ANDX in a unit-for-unit transaction at a blended exchange ratio of 1.07x. This represents an equity value of approximately $9 billion and an enterprise value of $14 billion for the acquired entity.
FINDLAY, Ohio , April 29, 2019 /PRNewswire/ -- The board of directors of the general partner of MPLX LP (NYSE: MPLX) has declared a quarterly cash distribution of $0.6575 per common unit for the first ...
What to Expect from Enterprise Products Partners’ Q1 Earnings(Continued from Prior Part)Recommendations for EPDAll of the 24 analysts surveyed by Reuters covering Enterprise Products Partners (EPD) have rated the stock as a “buy” or a