MPLX reports Q3 EPS $1.52, consensus $1.09

Reports Q3 revenue $3.62B, consensus $3.16B. “MPLX (MPLX) delivered on its commitment to return capital, increasing the distribution 12.5% for the second consecutive year, reflecting conviction in our growth outlook,” said Maryann Mannen, MPLX president and chief executive officer. “Strengthening the durability of mid-single digit adjusted EBITDA growth, we are investing in our key growth regions of the Permian and Marcellus basins, and executing on strategic portfolio optimization.”