MPLX LP (MPLX) Posts Q1 Loss of 33c/Share

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MPLX LP Reports First-Quarter 2016 Financial Results

April 28, 2016 6:51 AM EDT

Reported first-quarter adjusted EBITDA of $302 million; distributable cash flow of $236 million Declared distribution of $0.505 per common unit, a 23 percent increase over first-quarter 2015 Announced a $1 billion private placement of convertible preferred securities with third-party investors Completed acquisition of Marathon Petroleum Corporation's inland marine business, with strong sponsor support for the transaction... More