MPLX Scheduled to Announce Q4 Earnings on February 3
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
0mins
Source: seekingalpha
- Earnings Announcement Schedule: MPLX is set to release its Q4 2023 earnings report on February 3 before market open, with consensus EPS estimated at $1.03 and revenue expected to reach $3.18 billion, reflecting a 3.9% year-over-year growth.
- Historical Performance: Over the past year, MPLX has exceeded EPS and revenue estimates 75% of the time, indicating strong earnings reliability and market confidence in the company's performance.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen no upward revisions and four downward adjustments, while revenue estimates experienced one upward revision and three downward adjustments, suggesting a cautious market outlook on the company's future performance.
- Market Analysis Perspective: Despite macroeconomic headwinds, MPLX is still viewed as a compelling investment opportunity, particularly due to its rich distributions and potential growth driven by AI, highlighting its attractiveness in the current market landscape.
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Analyst Views on MPLX
Wall Street analysts forecast MPLX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MPLX is 58.14 USD with a low forecast of 55.00 USD and a high forecast of 62.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
4 Buy
3 Hold
0 Sell
Moderate Buy
Current: 55.900
Low
55.00
Averages
58.14
High
62.00
Current: 55.900
Low
55.00
Averages
58.14
High
62.00
About MPLX
MPLX LP is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets and provides fuels distribution services. The Company's segments include Crude Oil and Products Logistics, and Natural Gas and NGL Services. The Crude Oil and Products Logistics segment is primarily engaged in the gathering, transportation, storage and distribution of crude oil, refined products, other hydrocarbon-based products, and renewables. These assets consist of a network of approximately 14,766 miles of wholly and jointly-owned pipelines and associated storage assets, refining logistics assets at 13 refineries, 88 terminals including rail and truck racks, one export terminal, storage caverns, tank farm assets, an inland marine business and a fuels distribution business. The Natural Gas and NGL Services segment provides wellhead to market services including gathering, processing and transportation of natural gas and natural gas liquids.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
MPLX Scheduled to Announce Q4 Earnings on February 3
- Earnings Announcement Schedule: MPLX is set to release its Q4 2023 earnings report on February 3 before market open, with consensus EPS estimated at $1.03 and revenue expected to reach $3.18 billion, reflecting a 3.9% year-over-year growth.
- Historical Performance: Over the past year, MPLX has exceeded EPS and revenue estimates 75% of the time, indicating strong earnings reliability and market confidence in the company's performance.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen no upward revisions and four downward adjustments, while revenue estimates experienced one upward revision and three downward adjustments, suggesting a cautious market outlook on the company's future performance.
- Market Analysis Perspective: Despite macroeconomic headwinds, MPLX is still viewed as a compelling investment opportunity, particularly due to its rich distributions and potential growth driven by AI, highlighting its attractiveness in the current market landscape.
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