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
Related Articles:
- The Wit and Wisdom of Warren Buffett
- The Perfect Dividend Stock
- Charlie Munger's 10 Rules for Investment Success
- Early Warning Signs of a Dividend Cut
- The Best Dividend Stocks In The World
Dividend Growth Stocks News
- Seeking Up to 11% Dividend Yield? Analysts Pick 2 Dividend Stocks to Buy - TipRanks - 8/17/2025
- 3 Asian Dividend Stocks Yielding Up To 9.4% - Yahoo Finance - 8/14/2025
- 3 Dividend Stocks to Hold for the Next 5 Years - The Motley Fool - 8/17/2025
- 3 “Strong Buy” Dividend Stocks with Over 20% Upside, According to Analysts, 8/17/2025 - TipRanks - 8/17/2025
- 7.7% and 8.7% yields! 2 dividend stocks I’m considering buying to hold until 2035 - uk.finance.yahoo.com - 8/17/2025
- Archer Daniels Midland Company (ADM) Dividend Stock Analysis - 8/15/2025
- Nucor Corporation (NUE) Dividend Stock Analysis - 8/8/2025
- Raytheon Technologies Corporation (RTX) Dividend Stock Analysis - 7/31/2025
- Duke Energy (DUK) Dividend Stock Analysis - 7/25/2025
- Chevron Corporation (CVX) Dividend Stock Analysis - 7/18/2025
19 Straight Hikes, Record Earnings, Estimates Rising For 7% Yielding LP
Posted by D4L | Monday, November 20, 2017 | ArticleLinks | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.