*Stock prices used were the morning prices of May 30, 2024. The video was published on May 31, 2024. Although the S&P 500 is close to its all-time high, some stocks trade for remarkably cheap valuations. In this video, longtime Fool.com contributor Matt Frankel discusses why he thinks PayPal (PYPL 0.77%) is a no- brainer stock to buy right now, while fellow contributor Tyler Crowe explains why he thinks MPLX (MPLX 1.17%) is too attractive to ignore. These stocks look cheap despite their excellent long-term ...

Introduction The Q1 earnings season briefly interrupted my exploration of prominent companies in the North American midstream industry. Among the largest midstream companies by market cap, MPLX LP (NYSE:MPLX) offers the highest dividend yield. Michael H/DigitalVision via Getty Images | Rank | Symbol | Company Name | Quant Ratings | SA Analyst Ratings | Wall Street Ratings | Market Cap - | Div Yield | | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | ENB | Enbridge Inc. | 3.38 | 4.50 | 3.73 | 77.06B | ...

MPLX LP (MPLX) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Over the past month, shares of this company have returned -1.4%, compared to the Zacks S&P 500 composite's +7.3% change. During this period, the Zacks Oil and Gas - Production and Pipelines industry, which MPLX LP falls in, has gained 5.1%. The key question now is: What could be the stock's future direction? Revisio ...

About MPLX LP MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets and provides fuels distribution services. MPLX's assets include a network of crude oil and refined product pipelines; an inland marine business; light-product terminals; storage caverns; refinery tanks, docks, loading racks, and associated piping; and crude and light-product marine terminals. The company also owns crude oil and natural gas gathering systems an ...

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MPLX LP (MPLX) reported first-quarter earnings of 98 cents per unit, which missed the Zacks Consensus Estimate of 99 cents. The bottom line, however, increased from the year-ago quarter’s figure of 91 cents.Total quarterly revenues of $2.85 billion missed the Zacks Consensus Estimate of $2.93 million. However, the top line increased from the prior-year quarter’s level of $2.71 billion.The underperformance can be attributed to decreased total pipeline throughputs and higher operating expenses.Segmental Highl ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________ FORM 10-Q ____________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35714 MPLX LP If an ...

MPLX LP (NYSE:MPLX) Q1 2024 Results Conference Call April 30, 2024 9:30 AM ET Company Participants Kristina Kazarian - VP, Finance & IR Mike Hennigan - Chairman, President and CEO Kris Hagedorn - EVP and CFO Greg Floerke - EVP and COO Dave Heppner - SVP, Strategy and Business Development Conference Call Participants John Mackay - Goldman Sachs Manav Gupta - UBS Jeremy Tonet - JPMorgan Theresa Chen - Barclays Keith Stanley - Wolfe Research Neal Dingmann - Truist Securities Operator Welcome to the MPLX First ...

Exhibit 99.1 MPLX LP Reports First-Quarter 2024 Financial Results FINDLAY, Ohio, April 30, 2024 - MPLX LP (NYSE: MPLX) today reported first-quarter 2024 net income attributable to MPLX of $1,005 million, compared with $943 million for the first quarter of 2023. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) attributable to MPLX was $1,635 million, compared with $1,519 million for the first quarter of 2023. Logistics and Storage (L&S) segment adjusted EBITDA for the first q ...

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