MPLX LP (MPLX) Tops Q1 EPS by 5c, Revenues Beat

MPLX LP (NYSE: MPLX) reported Q1 EPS of $0.68, $0.05 better than the analyst estimate of $0.63. Revenue for the quarter came in at $2.34 billion versus the consensus estimate of $2.13 billion.

"This quarter our operating results enabled the return of over $900 million to our unitholders," said Michael J. Hennigan, MPLX chairman, president and chief executive officer. "Looking forward, we are focused on the aspects of the business within our control. We believe our commitment to lowering our cost structure, driving business efficiencies, and disciplined capital investment on high return projects will allow our business to continue to generate excess cash flow and return incremental capital to unitholders."

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

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