Mplx (NYSE:MPLX – Get Free Report) issued its quarterly earnings results on Tuesday. The pipeline company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.17, Briefing.com reports. The company had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.96 billion. Mplx had a return on equity of 31.70% and a net margin of 34.96%. The firm’s revenue was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.91 EPS.
Mplx Stock Up 0.3 %
NYSE:MPLX traded up $0.14 during trading hours on Wednesday, hitting $41.76. The stock had a trading volume of 2,428,441 shares, compared to its average volume of 1,987,335. The business has a 50 day simple moving average of $41.92 and a two-hundred day simple moving average of $40.75. Mplx has a 1-year low of $34.47 and a 1-year high of $43.42. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 1.44. The company has a market cap of $42.44 billion, a PE ratio of 10.70, a price-to-earnings-growth ratio of 2.13 and a beta of 1.37.
Mplx Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Friday, August 9th will be given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 8.14%. The ex-dividend date is Friday, August 9th. Mplx’s dividend payout ratio (DPR) is presently 87.63%.
Analysts Set New Price Targets
Check Out Our Latest Analysis on Mplx
Mplx Company Profile
MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. It operates in two segments, Logistics and Storage, and Gathering and Processing. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, storage, and marketing of natural gas liquids; gathering, storage, transportation, and distribution of crude oil and refined products, as well as other hydrocarbon-based products and renewables; and sale of residue gas and condensate.
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