MPLX LP (MPLX) Misses Q4 EPS by 6c, Revs Beat

MPLX LP (NYSE: MPLX) reported Q4 EPS of $0.17, $0.06 worse than the analyst estimate of $0.23. Revenue for the quarter came in at $714 million versus the consensus estimate of $687.77 million.

• Reported fourth-quarter net income of $133 million and adjusted EBITDA of $391 million; reported full-year net income of $233 million and adjusted EBITDA of $1.4 billion
• Reported fourth-quarter net cash from operating activities of $356 million and distributable cash flow of $318 million
• Declared distribution of $0.5200 per common unit, a 4 percent increase over fourth-quarter 2015; delivered 13 percent distribution growth in 2016 with a full-year coverage ratio of 1.23
• Affirmed 2017 distribution growth guidance of 12 to 15 percent and forecast double-digit distribution growth rate for 2018
• Executing strategic actions with goal of providing increased visibility to distribution growth and lowering cost of capital

For earnings history and earnings-related data on MPLX LP (MPLX) click here.

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