MPLX: Expect Another Large Distribution Increase In 2024
MPLXMPLX(MPLX) Seeking Alpha·2024-02-23 12:15

spooh Last April, I placed a “Buy” rating on MPLX (NYSE:MPLX) saying it was deserving of a position in the portfolios of income-oriented investors. The stock has generated a return of about 25% since then, slightly outpacing the S&P 500. More recently in August I wrote I expected the company to meaningfully increase its distribution, which it did. With the company reporting its Q4 results at the end of January, let's catch up on the name. Company Profile As a quick reminder, MPLX is a midstream company that ...