MPLX reports Q4 EPS $1.07, consensus $1.03

Reports Q4 revenue $3.06B, consensus $3.07B. “In 2024, we achieved 8% adjusted EBITDA growth,” said Maryann Mannen, MPLX (MPLX) president and chief executive officer. “As part of our 2025 plan, we are executing our Gulf Coast NGL strategy and other growth projects anchored in the Permian and Marcellus basins. We continue to anticipate mid-teen returns on these projects, which will support mid-single digit adjusted EBITDA growth. This growth is expected to allow us to reinvest in the business and support annual distribution increases in the future.”