MPLX LP (MPLX) to Release Earnings on Thursday
MPLX LP (NASDAQ:MPLX) will post its quarterly earnings results on Thursday, October 31st. Parties interested in listening to the company’s conference call can do so using this link.
MPLX LP (NASDAQ:MPLX) last released its earnings data on Thursday, August 1st. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by $0.02. The company had revenue of $122.20 million for the quarter, compared to the consensus estimate of $124.19 million. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. On average, analysts expect MPLX LP to post $1.16 EPS for the current fiscal year and $1.70 EPS for the next fiscal year.
Shares of MPLX LP (NASDAQ:MPLX) opened at 37.66 on Wednesday. MPLX LP has a 52 week low of $25.35 and a 52 week high of $39.69. The stock has a 50-day moving average of $35.64 and a 200-day moving average of $36.58. The company’s market cap is $2.783 billion.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, November 14th. Investors of record on Monday, November 4th will be given a dividend of $0.30 per share. This represents a $1.19 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend is Thursday, October 31st. This is an increase from MPLX LP’s previous quarterly dividend of $0.29.
MPLX LP is a fee-based limited partnership formed by Marathon Petroleum Corporation to own, operate, develop and acquire crude oil, refined product and other hydrocarbon-based product pipelines and other midstream assets.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.