MPLX Q2 Earnings Top on Higher Throughput Volumes
MPLXMPLX(MPLX) ZACKS·2024-08-07 23:25

MPLX LP (MPLX) reported second-quarter 2024 earnings of 1.15perunit,whichtoppedtheZacksConsensusEstimateof98cents.Thebottomlinealsoincreasedfromtheyearagoquartersfigureof91cents.Totalquarterlyrevenuesof1.15 per unit, which topped the Zacks Consensus Estimate of 98 cents. The bottom line also increased from the year-ago quarter’s figure of 91 cents.Total quarterly revenues of 3.05 billion beat the Zacks Consensus Estimate of 2.92billion.Thetoplinealsoincreasedfromtheprioryearquarterslevelof2.92 billion. The top line also increased from the prior-year quarter’s level of 2.69 billion.Strong quarterly results were primarily driven by higher gathered and processed throughput volumes. An increase in total pipeline th ...