MPLX Earnings Prediction
The chart below shows how MPLX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, MPLX sees a -1.69% change in stock price 10 days leading up to the earnings, and a +1.21% change 10 days following the report. On the earnings day itself, the stock moves by +1.03%. This data can give you a slight idea of what to expect for the next quarter's release.
MPLX Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
2.89B
3.14%
2.44%
Gross Margin
45.23%
-1.99%
0.94%
Operating Margin
40.53%
-2.53%
1.60%
Net Margin
38.35%
-6.00%
3.40%
EPS
1.07
-3.60%
5.94%
No Data Available
MPLX Earnings Analysis
MPLX LP Corporation (MPLX.N) Earnings Conference Call
Positive
Adjusted EBITDA Growth: MPLX reported a full year adjusted EBITDA of $6.8 billion, reflecting an 8% increase year-over-year, demonstrating consistent growth in operational performance.
Record EBITDA Growth: The Crude Oil and Products Logistics segment achieved a record adjusted EBITDA, increasing by $60 million compared to Q4 2023, driven by higher rates and throughput.
Natural Gas EBITDA Growth: The Natural Gas and NGL Services segment also set a new record with adjusted EBITDA rising by $79 million year-over-year, supported by increased volumes and contributions from joint ventures.
Unitholder Returns and Stability: MPLX returned nearly $4 billion to unitholders in 2024, maintaining a strong distribution coverage ratio of 1.5x, indicating robust cash flow stability.
Quarterly Distribution Increase: A quarterly distribution increase of 12.5% was announced, marking the third consecutive year of distribution growth of 10% or more, reflecting strong financial health and commitment to unitholders.
Negative
Adjusted EBITDA Performance: Adjusted EBITDA for the full year was $6.8 billion, which, despite being an 8% increase year-over-year, indicates a slowdown in growth compared to previous years' performance.
Processing Volume Growth Plateau: The Natural Gas and NGL Services segment's processing volumes increased only 6% year-over-year, suggesting a potential plateau in growth despite previous high rates of expansion.
Capital Expenditures Concerns: MPLX's capital expenditures for 2025 are projected at $2 billion, which is a significant increase but raises concerns about the sustainability of returns given the current market volatility.
Debt Management Strategies: The company retired $1.15 billion of senior notes during the quarter, indicating a reliance on debt management strategies that may not be sustainable in the long term.
Distribution Viability Concerns: Despite a strong distribution coverage of 1.5x, the need for ongoing capital investments raises questions about the long-term viability of maintaining such distributions without incurring additional debt.
MPLX FAQs
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MPLX Earning Call Sentiment
MPLX LP (NYSE:MPLX) Q4 2024 Earnings Call Transcript
MPLX.N
-1.36%Positive
The earnings call reflects strong financial performance with an 8% YoY increase in adjusted EBITDA and a 12.5% distribution increase, indicating robust financial health. The strategic focus on NGL value chain expansion and partnerships like ONEOK suggests growth potential. Despite some concerns in the Q&A about specifics of contracts, the overall sentiment remains positive due to continued distribution growth expectations and strong liquidity. The absence of market cap data suggests a moderate positive impact, resulting in a stock price prediction of 2% to 8% increase.
