MPLX LP (MPLX) Reports Q4 Revenues Beat

MPLX LP (NYSE: MPLX) reported Q4 revenue for the quarter came in at $2.32 billion versus the consensus estimate of $2.23 billion.

• Reported fourth-quarter net loss attributable to MPLX of $581 million and full-year net income attributable to MPLX of $1.0 billion; includes non-cash impairment charges of $1.2 billion in fourth quarter primarily related to goodwill associated with the Andeavor Logistics G&P businesses acquired by MPC as part of its combination with Andeavor in October 2018
• Reported fourth-quarter adjusted EBITDA attributable to MPLX of $1.3 billion and full-year adjusted EBITDA attributable to MPLX of $4.3 billion, or $5.1 billion including results of Andeavor Logistics
• Generated $4.1 billion in net cash provided by operating activities for the full-year 2019, supporting the return of capital of approximately $2.8 billion to unitholders
• Reduced 2020 growth capital spending target to approximately $1.5 billion
• Targeting positive free cash flow, after capital investments and distributions, in 2021

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

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