MPLX LP (NYSE:MPLX) is reporting second quarter financial results on Monday 3rd August 2020, before market open.
According to analysts surveyed by Thomson Reuters, MPLX is expected to report 2Q20 income of $ 0.49 per share from revenue of $ 1978.81 million.
For the full year, analysts anticipate top line of $ 7503.87 million, while looking forward to loss of $ 0.96 per share bottom line.
Previous Quarter Performance
MPLX LP recorded loss for the first quarter of $ 0.53 per share, from the revenue of $ 992.00 million. The quarterly revenues declined 39.58 percent compared with the same quarter last year. Street analysts expected MPLX LP to report income of $ 0.56 per share on revenue of $ 2220.39 million for the first quarter. The bottom line results missed street analysts by $ 1.09 or 194.64 percent, at the same time, top line results fell short of analysts by $ 1 million or 55.32 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of MPLX was $ 18.27, representing a 165.94 % increase from the 52 week low of $ 6.87 and a 40.16 % decrease over the 52 week high of $ 30.53.
The company has a market capital of $ 19.34 billion and is part of the Energy sector and Oil & Gas Midstream industry.
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Recent Analyst recommendations
- On 15th July 2020, downgraded by Morgan Stanley to Equal-Weight from Overweight rating.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.6875 per share on April 28, 2020. The dividend were payable on May 15, 2020 to holders of record as of the close of business on May 8, 2020 and ex-dividend date on May 7, 2020.
Conference Call
MPLX LP will be hosting a conference call at 11:00 AM eastern time on 3rd August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.mplx.com
MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. The company also provides fuels distribution services. It operates in two segments, Logistics and Storage, and Gathering and Processing.
