MPLX LP Partnership Units
MPLX: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| ?&% | LOCK|??Fgm | LOCK|pWPRDdP |
MPLX Earnings: Relatively Well Insulated From Potential Producer Pullback
MPLX reported first-quarter adjusted EBITDA of $1.8 billion, an increase of 7% year over year. This translated into distributable cash flow of $1.5 billion, an 8% year-on-year increase. The firm also announced three acquisitions since last quarter’s call, totaling $1.1 billion.
