MPLX reports Q3 EPS 89c, consensus 93c

Reports Q3 revenue $2.91B, consensus $2.69B. “Our business continues to grow and generate strong cash flow,” said Michael Hennigan, MPLX chairman, president and chief executive officer. “We announced a 10% increase to our distribution, and through the first nine months of the year we have grown distributable cash flow over 6% compared to the same period in 2022.”