MPLX reports Q4 EPS $1.10, consensus 94c

Reports Q4 revenue $2.97B, consensus $2.88B. “In 2023, strong operational performance and contributions from organic growth projects drove nearly 9% growth in MPLX‘s adjusted EBITDA and over 7% growth in distributable cash flow,” said Michael J. Hennigan, MPLX chairman, president and chief executive officer. “This enabled MPLX to return $3.3 billion of capital to unitholders, which included a 10% increase in its quarterly distribution for the second year in a row.”