MPLX / Here is What to Know Beyond Why MPLX LP (MPLX) is a Trending Stock

MPLX LP (NYSE:MPLX ) Q3 2023 Earnings Conference Call October 31, 2023 9:30 AM ET Company Participants Kristina Kazarian - VP, Finance & IR Michael He more_horizontal

MPLX LP (MPLX) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season. more_horizontal

MPLX LP (MPLX) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy). more_horizontal

Here is how MPLX LP (MPLX) and Phillips 66 (PSX) have performed compared to their sector so far this year. more_horizontal

MPLX units have appreciated by 20.85% and generated a total return of 35.21% compared to the S&P 500's 14.75% appreciation. MLPs, specifically in oil more_horizontal

MPLX continues to put up steady results, with another strong showing in Q2. MPLX has attractive growth projects in both segments and trades at a reaso more_horizontal

A consolidation wave has hit the energy sector. Midstream companies are a big part of the wave, with MLPs as the prime acquisition target. more_horizontal

MPLX reported strong second quarter financials, in line with expectations and similar to the first quarter. The excess cash flow was higher in the sec more_horizontal