This LP yields 6.98%, with strong 1.26x distribution coverage. Management has raised the distribution for 19 straight quarters. It just reported record revenues (up 17%), net income (up 53%), EBITDA (up 43%), and distributable cash flow (up 47%). Its 11% below analysts' lowest price target.
MPLX LP (MPLX) is a growth-oriented master limited partnership formed in 2012 by Marathon Petroleum Corporation (MPC) to own, operate, develop, and acquire midstream energy infrastructure assets. MPLX provides services in the midstream sector across the hydrocarbon value chain through its Logistics and Storage and Gathering and Processing segments.
Source: Seeking Alpha
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19 Straight Hikes, Record Earnings, Estimates Rising For 7% Yielding LP
Posted by D4L | Monday, November 20, 2017 | ArticleLinks | 0 comments »________________________________________________________________
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