MPLX LP Q3 Earnings and Revenues Lag Estimates on Higher Costs

Zacks11-07

MPLX LP MPLX reported third-quarter 2024 earnings of $1.01 per unit, which missed the Zacks Consensus Estimate of $1.06. The bottom line, however, increased from the year-ago figure of 89 cents. Total...

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The bottom line, however, increased from the year-ago figure of 89 cents.\nTotal...</p>\n\n<a href=\"https://finance.yahoo.com/news/mplx-lp-q3-earnings-revenues-150500053.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>MPLX LP Q3 Earnings and Revenues Lag Estimates on Higher Costs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMPLX LP Q3 Earnings and Revenues Lag Estimates on Higher Costs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-07 23:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/mplx-lp-q3-earnings-revenues-150500053.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>MPLX LP MPLX reported third-quarter 2024 earnings of $1.01 per unit, which missed the Zacks Consensus Estimate of $1.06. The bottom line, however, increased from the year-ago figure of 89 cents.\nTotal...</p>\n\n<a href=\"https://finance.yahoo.com/news/mplx-lp-q3-earnings-revenues-150500053.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MPLX","symbol_name":"MPLX LP","start_time":0,"source_url":"https://finance.yahoo.com/news/mplx-lp-q3-earnings-revenues-150500053.html","article_id":"2481193355","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/7U81L95SEaqHrdpCbdkxSg--~B/aD00MTQ7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/e355dece32180ff77ef1c88a91255c16"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481193355","pubTimestamp":1730991900,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"MPLX LPMPLX reported third-quarter 2024 earnings of $1.01 per unit, which missed the Zacks Consensus Estimate of $1.06. The bottom line, however, increased from the year-ago figure of 89 cents.Total quarterly revenues of $2.97 billion missed the Zacks Consensus Estimate of $3.06 billion. The top line, however, increased from the prior-year level of $2.91 billion.Lower-than-expected quarterly results were mainly due to higher depreciation and amortization costs and increased general and administrative expenses. The negatives were partially offset by higher throughput and increased gathered and processed volumes.MPLX’s adjusted EBITDA from theLogistics and Storagesegment increased to $1.16 billion from $1.09 billion a year ago. The growth was driven by increased rates and higher throughputs, including growth from equity affiliates. Total pipeline throughputs in the quarter were 6 million barrels per day, up 1% from the prior-year level.Archrockis an energy infrastructure company based in","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"MPLX":"MPLX LP","WMB":"威廉姆斯","AROC":"Archrock, Inc","FCEL":"燃料电池能源"},"translate_title":"MPLX LP第三季度盈利和收入因成本上升而落后于预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AROC":0.9,"FCEL":0.9,"MPLX":0.9,"WMB":0.9},"content_text":"MPLX LP MPLX reported third-quarter 2024 earnings of $1.01 per unit, which missed the Zacks Consensus Estimate of $1.06. The bottom line, however, increased from the year-ago figure of 89 cents.\nTotal quarterly revenues of $2.97 billion missed the Zacks Consensus Estimate of $3.06 billion. The top line, however, increased from the prior-year level of $2.91 billion.\nLower-than-expected quarterly results were mainly due to higher depreciation and amortization costs and increased general and administrative expenses. The negatives were partially offset by higher throughput and increased gathered and processed volumes.\n\nMPLX LP Price, Consensus and EPS Surprise\n  \nMPLX LP price-consensus-eps-surprise-chart | MPLX LP Quote\n\nSegmental Highlights\nMPLX’s adjusted EBITDA from the Logistics and Storage segment increased to $1.16 billion from $1.09 billion a year ago. The growth was driven by increased rates and higher throughputs, including growth from equity affiliates. Total pipeline throughputs in the quarter were 6 million barrels per day, up 1% from the prior-year level.\nAdjusted EBITDA from the Gathering and Processing segment amounted to $557 million, up from $505 million a year ago. The increase can be primarily attributed to higher gathered and processed volumes, including contributions from its acquired assets in the Utica Basin and Permian Basin.\nGathering throughput volumes averaged 6.7 billion cubic feet per day (Bcf/d), implying an 8% increase from the year-ago level. Natural gas processed volumes came in at 9.8 Bcf/d, reflecting a 9% increase from the year-ago quarter’s level.\nCosts and Expenses\nTotal costs and expenses amounted to $1.7 billion, down from the year-ago reported figure of $1.76 billion. The decrease was primarily due to a reduction in operating expenses (including purchased product costs).\nCash Flow\nDistributable cash flow in the quarter totaled $1.45 billion, providing 1.5X distribution coverage. The figure increased from $1.37 billion in the year-ago quarter.\nAdjusted free cash flow declined to $876 million from $1 billion in the corresponding period of 2023.\nBalance Sheet\nAs of June 30, 2024, the partnership’s cash and cash equivalents were $2.43 billion, and its total debt amounted to $22.1 billion.\nOutlook\nMPLX expects capital spending for 2024 to be above $1 billion.\nMPLX’s Zacks Rank and Key Picks\nCurrently, MPLX carries a Zacks Rank #3 (Hold).\nSome better-ranked stocks in the energy sector are Archrock Inc. AROC, The Williams Companies, Inc. WMB and FuelCell Energy FCEL. Archrock presently sports a Zacks Rank #1 (Strong Buy), while The Williams Companies and FuelCell Energy carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.\nArchrock is an energy infrastructure company based in the United States, with a focus on midstream natural gas compression. It provides natural gas contract compression services and generates stable fee-based revenues.\nThe Williams Companies is a premier energy infrastructure provider in North America. The company’s core operations include finding, producing, gathering, processing, and transporting natural gas and natural gas liquids. Boasting a widespread pipeline system of more than 33,000 miles, Williams is one of the largest domestic transporters of natural gas by volume.\nFuelCell Energy is a clean energy company offering low-carbon energy solutions. It produces power using flexible fuel sources such as biogas, natural gas and hydrogen. The company designs fuel cells that generate electricity through an electrochemical process that combines fuel with air, reducing carbon emissions and minimizing the environmental impact of power generation. As such, FCEL is anticipated to play a crucial role in the energy transition by enabling industries and communities to shift from traditional fossil fuels to low-carbon alternatives.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nWilliams Companies, Inc. (The) (WMB) : Free Stock Analysis Report\nFuelCell Energy, Inc. (FCEL) : Free Stock Analysis Report\nMPLX LP (MPLX) : Free Stock Analysis Report\nArchrock, Inc. (AROC) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481193355"}