MPLX LP Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 02, 2021 at 06:10 am EDT
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MPLX LP reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was USD 2,442 million compared to USD 2,137 million a year ago. Revenue was USD 2,559 million compared to USD 2,247 million a year ago. Net income was USD 802 million compared to USD 665 million a year ago. Basic earnings per share from continuing operations was USD 0.74 compared to USD 0.61 a year ago. Diluted earnings per share from continuing operations was USD 0.74 compared to USD 0.61 a year ago.
For the nine months, sales was USD 6,981 million compared to USD 6,251 million a year ago. Revenue was USD 7,293 million compared to USD 5,320 million a year ago. Net income was USD 2,247 million compared to net loss of USD 1,411 million a year ago. Basic earnings per share from continuing operations was USD 2.07 compared to basic loss per share from continuing operations of USD 1.43 a year ago. Diluted earnings per share from continuing operations was USD 2.07 compared to diluted loss per share from continuing operations of USD 1.43 a year ago.
MPLX LP is a diversified master limited partnership that owns and operates midstream energy infrastructure and logistics assets and provides fuel distribution services. The Companyâs segments include Logistics and Storage (L&S) and Gathering and Processing (G&P). The L&S segment primarily engages in the gathering, transportation, storage and distribution of crude oil, refined products, other hydrocarbon-based products, and renewables. The L&S segment also includes the operation of its refining logistics, fuel distribution and inland marine businesses, terminals, rail facilities and storage caverns. The G&P segment provides gathering, processing and transportation of natural gas, as well as the transportation, fractionation, storage and marketing of natural gas liquids (NGLs). Its assets include a network of crude oil and refined product pipelines; an inland marine business; light-product, asphalt, heavy oil and marine terminals; storage caverns, and others.
MPLX LP 
