Raymond James Upgrades MPLX LP (MPLX) to Strong Buy
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MPLX LP Reports Third-Quarter 2016 Financial Results
October 27, 2016 6:46 AM EDTReported third-quarter net income of $141 million and adjusted EBITDA of $375 million on strong volume growth in the Northeast and Southwest Reported third-quarter net cash from operating activities of $339 million and distributable cash flow of $301 million Declared distribution of $0.515 per common unit, a 10 percent increase over third-quarter 2015 Affirmed 2016 distribution growth guidance of 12 to 15 percent; forecast 2017 distribution growth rate of 12 to 15 percent and a double-digit distribution growth rate for 2018 Strategic initiatives announced by MPC support MPLX's distribution growth
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