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 -1.88% change in stock price 10 days leading up to the earnings, and a +1.11% change 10 days following the report. On the earnings day itself, the stock moves by +0.88%. 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
2.82B
2.54%
3.52%
Gross Margin
44.81%
2.47%
-0.97%
Operating Margin
39.89%
3.80%
-0.57%
Net Margin
37.09%
10.03%
-14.72%
EPS
1.01
13.48%
-11.40%
No Data Available
MPLX Earnings Analysis
MPLX LP Corporation (MPLX.N) Earnings Conference Call
Positive
EBITDA Growth and Distribution Increase: MPLX has grown adjusted EBITDA by over 7% through the first 9 months of the year when compared to last year, which supported the decision to increase the distribution 12.5% this quarter.
Record Adjusted EBITDA Growth: In the third quarter, MPLX generated record adjusted EBITDA of $1.7 billion, a 7% increase compared to last year's third quarter.
Distributable Cash Flow Distribution: Distributable cash flow was $1.4 billion, which supported the return of nearly $950 million to unitholders.
Distribution Growth Potential: MPLX's growing portfolio is expected to support this level of annual distribution increases in the future.
Strategic Capital Investment: MPLX advanced its strategic growth objectives with capital spending expected at over $1 billion for the year.
Negative
Record Adjusted EBITDA Growth: MPLX generated record adjusted EBITDA of $1.7 billion, a 7% increase compared to last year's third quarter, indicating a slowdown in growth momentum.
Distribution Increase Analysis: The distribution was increased by 12.5% this quarter, which may not be sustainable in the long term given the current economic conditions.
EBITDA and Cash Flow Growth: Total adjusted EBITDA of $1.7 billion and distributable cash flow of $1.4 billion increased by 7% and 5%, respectively, from the prior year, suggesting a potential plateau in growth.
Debt Burden Impact: MPLX's leverage was 3.4x at the end of the quarter, indicating a higher debt burden that could impact future financial flexibility.
Senior Notes Retirement Impact: The company expects to retire $1.65 billion of senior notes maturing in December 2024 and February 2025, which could strain liquidity in the near term.
MPLX FAQs
How does MPLX typically perform around its earnings report dates?
Is MPLX LP Common Units (MPLX) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
MPLX Earning Call Sentiment
MPLX LP Common Units (MPLX) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
MPLX.N
-2.08%Positive
The earnings call shows strong financial performance, with increased EBITDA and cash flow, as well as strategic growth initiatives like the Whistler Transaction and new gas processing plants. The Q&A highlights confidence in distribution growth and opportunities in the Marcellus region. However, concerns about operational risks and vague guidance on distribution sustainability slightly temper the outlook. Overall, the company's financial health, growth prospects, and shareholder returns suggest a positive stock price movement, despite some uncertainties.