MPLX LP (MPLX) Misses Q2 EPS by 1c, Revenue Beats

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Go back to MPLX LP (MPLX) Misses Q2 EPS by 1c, Revenue Beats

MPLX LP reports record second-quarter 2018 financial results

July 26, 2018 7:34 AM EDT

FINDLAY, Ohio, July 26, 2018 /PRNewswire/ -- 

Reported second-quarter net income of $453 million and adjusted EBITDA of $867 million, which provided 1.36x distribution coverage and resulted in 3.7x leverage Gathering & Processing segment income from operations of $174 million and adjusted EBITDA of $341 million driven by record gathered, processed, and fractionated volumes Logistics & Storage segment income from operations of $434 million and adjusted EBITDA of $526 million driven by dropdowns and strong results from the underlying base business Commenced operations of Majorsville 7 in the Marcellus and Omega in the STACK... More