Mplx (NYSE:MPLX – Get Free Report) announced its earnings results on Tuesday. The pipeline company reported $0.98 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.01), Briefing.com reports. The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.89 billion. Mplx had a return on equity of 32.13% and a net margin of 34.96%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the business posted $0.91 earnings per share.
Mplx Stock Down 0.5 %
Mplx stock opened at $41.61 on Thursday. The company’s 50-day moving average price is $40.74 and its two-hundred day moving average price is $38.13. The company has a quick ratio of 1.01, a current ratio of 1.07 and a debt-to-equity ratio of 1.52. The stock has a market cap of $42.06 billion, a P/E ratio of 10.72 and a beta of 1.35. Mplx has a twelve month low of $33.12 and a twelve month high of $42.90.
Mplx Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Friday, May 3rd will be issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 8.17%. The ex-dividend date of this dividend is Thursday, May 2nd. Mplx’s payout ratio is 87.63%.
Wall Street Analyst Weigh In
Check Out Our Latest Research Report 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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