MPLX reports Q1 EPS $1.10, consensus $1.15

Reports Q1 revenue $3.12B, consensus $3.16B. “We achieved 7% adjusted EBITDA growth year over year,” said Maryann Mannen, MPLX (MPLX) president and chief executive officer. “Our growth projects anchored in the Permian and Marcellus basins are expected to support mid-single digit adjusted EBITDA growth. High return investments and strategic opportunities should support the return of capital to unitholders through annual distribution increases.”