NYSE$MPLX

MPLX LP · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

MPLX reported Q4 2024 results, progressing its Gulf Coast NGL strategy with new fractionation complex and export terminal.

MPLX LP reported a net income attributable to MPLX of $1,099 million for the fourth quarter of 2024, with adjusted EBITDA of $1,762 million. The company generated $1,675 million in net cash from operating activities and announced a distribution of $0.9565 per common unit.

  • Net income attributable to MPLX was $1,099 million.
  • Adjusted EBITDA attributable to MPLX LP was $1,762 million.
  • Generated $1,675 million in net cash provided by operating activities.
  • Announced a fourth-quarter distribution of $0.9565 per common unit.

Headline financials

Total Revenue

$3.06B

Previous: $2.8B+9.2%
EPS (adj)

$1.07

Previous: $1.10-2.7%
Total Gathering Throughput

6.7B

No prior period
Natural Gas Processed

9.9B

No prior period
C2+ NGLs Fractionated

683.0K

No prior period
Terminal Throughput

3.1M

No prior period
Product Pipelines Tariff

$1.03

No prior period
Crude Oil Pipelines Tariff

$1.08

No prior period
Product Pipelines Throughput

2.0M

No prior period
Crude Oil Pipeline Throughput

3.8M

No prior period
Barges in Operation

319

No prior period
Towboats in Operation

29

No prior period
Net Income

$1.11B

Previous: $1.11B-0.2%
Operating Income

$1.34B

Previous: $1.21B+10.7%
Gross Profit

$1.31B

Previous: $1.34B-2.5%

Revenue & EPS history

MPLX · Revenue · Quarterly

$3.06B

Q4 2024+9.2%vs Q4 2023
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Forward guidance

MPLX anticipates mid-teen returns on projects, supporting mid-single digit adjusted EBITDA growth and future distribution increases.

Tailwinds

  • Executing Gulf Coast NGL strategy.
  • Advancing growth projects in the Permian and Marcellus basins.
  • Anticipating mid-teen returns on projects.
  • Expecting mid-single digit adjusted EBITDA growth.
  • Supporting annual distribution increases in the future.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

+0.0%

Avg return

Earnings day

-0.6%

Avg return

5 days after

+1.0%

Avg return

30 days after

47%

22 / 47 earnings

Positive

+10.2%

Q3 2015

Best reaction

-25.5%

Q4 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.7%-5.5%-1.5%
Q4 2025-0.1%+1.2%+6.0%
Q3 2025+0.7%+0.8%+9.9%
Q2 2025-3.5%-4.4%-3.6%
Q1 2025-1.7%-3.0%+1.3%
Q4 2024+2.4%+3.4%+1.8%
Q3 2024+4.8%+3.7%+12.1%
Q2 2024+0.7%-0.9%+4.4%
Q1 2024-0.9%-2.0%-4.2%
Q4 2023+1.3%-1.6%+1.0%
Q3 2023+0.3%+0.3%+1.4%
Q2 2023-0.5%-2.1%-1.7%
Q1 2023+0.2%-2.6%-4.4%
Q4 2022+0.4%-1.7%+0.4%
Q3 2022+1.6%+1.6%+0.9%
Q2 2022-0.3%-6.8%+0.1%
Q1 2022+5.3%+0.4%+1.9%
Q4 2021-1.7%-2.8%-4.0%
Q3 2021+1.0%+1.9%-4.3%
Q2 2021-2.9%-4.3%+3.2%
Q1 2021+4.9%+3.7%+6.3%
Q4 2020+3.2%+1.2%+9.4%
Q3 2020+7.3%+2.2%+26.7%
Q2 2020+7.5%+0.7%-2.2%
Q1 2020-1.8%+1.5%+15.4%
Q4 2019-1.1%-4.4%-15.8%
Q3 2019-1.7%-1.2%-10.2%
Q2 2019-1.6%-7.1%-4.9%
Q1 2019-4.6%-4.9%-3.5%
Q4 2018-5.6%-4.0%-4.1%
Q3 2018-1.8%+1.2%-1.4%
Q2 2018+0.1%+1.8%+1.6%
Q1 2018+4.0%+1.9%+5.0%
Q4 2017-2.3%-2.7%-7.0%
Q3 2017+8.8%+8.6%+9.2%
Q2 2017-0.7%+0.6%-6.7%
Q1 2017-3.2%-2.4%-6.5%
Q4 2016-0.6%+1.1%+0.3%
Q3 2016+5.0%+8.1%+5.3%
Q2 2016-1.0%-4.5%+2.1%
Q1 2016-0.7%
Q4 2015-25.5%
Q3 2015+10.2%
Q2 2015-1.5%
Q1 2015-3.0%
Q4 2014+0.3%
Q3 2012+2.7%
Q1 2012
Q4 2011
Q3 2011
Q2 2011
Q1 2011

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