MPLX LP (MPLX) Reports Q1 Loss of $2.60/sh

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Go back to MPLX LP (MPLX) Reports Q1 Loss of $2.60/sh

MPLX LP Reports First-Quarter 2020 Financial Results

May 5, 2020 6:46 AM EDT

FINDLAY, Ohio, May 5, 2020 /PRNewswire/ --

Reported net loss attributable to MPLX of $2.7 billion; includes non-cash impairment charges of $3.4 billion primarily related to goodwill, equity method investments, and long-lived assets Reported adjusted EBITDA attributable to MPLX of $1.3 billion Generated $1.0 billion in net cash provided by operating activities and reported distribution coverage of 1.44x Announced business response to COVID-19 environment, including reductions of over $700 million of capital and approximately $200 million of operating expense Maintained quarterly distribution of $0.6875 per common unit

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