MPLX LP (MPLX) Tops Q3 EPS by 3c, Revenues Beat

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Go back to MPLX LP (MPLX) Tops Q3 EPS by 3c, Revenues Beat

MPLX LP Reports Third-Quarter 2020 Financial Results

November 2, 2020 6:45 AM EST

FINDLAY, Ohio, Nov. 2, 2020 /PRNewswire/ --

Reported net income attributable to MPLX of $665 million, including a charge of $36 million, and adjusted EBITDA attributable to MPLX of $1.3 billion Generated $1.2 billion in net cash provided by operating activities and reported distribution coverage of 1.44x Maintained quarterly distribution of $0.6875 per common unit On-track to achieve forecasted 2020 reductions in capital spending of over $700 million and operating expense of approximately $200 million Reiterate expectation of achieving positive free cash flow, after capital investments and distributions, for 2021... More