MPLX LP (MPLX) Misses Q4 EPS by 13c, Revenues Miss

MPLX LP (NYSE: MPLX) reported Q4 EPS of $0.52, $0.13 worse than the analyst estimate of $0.65. Revenue for the quarter came in at $1.72 billion versus the consensus estimate of $1.76 billion.

"2018 was a transformational year for MPLX," said Gary R. Heminger, chairman and chief executive officer. "Our team executed on the strategic vision outlined at the beginning of the year by significantly growing the business, enhancing the stability of the cash flow profile, and simplifying our financial structure.

"Looking forward, we continue to focus on increasing our presence throughout the midstream value chain as well as developing assets that generate third-party revenue. We announced a number of compelling new projects, including anticipated investments in multiple long-haul pipelines and export facilities that we expect to deliver long-term attractive returns for our shareholders and position the company for success in 2019 and beyond."

For earnings history and earnings-related data on MPLX LP (MPLX) click here.

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