MPLX LP Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 31, 2023 at 06:45 am EDT
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MPLX LP reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 2,714 million compared to USD 2,743 million a year ago. Revenue was USD 2,912 million compared to USD 3,401 million a year ago. Net income was USD 918 million compared to USD 1,428 million a year ago. Basic earnings per share from continuing operations was USD 0.89 compared to USD 1.36 a year ago. Diluted earnings per share from continuing operations was USD 0.89 compared to USD 1.36 a year ago.
For the nine months, sales was USD 7,759 million compared to USD 8,040 million a year ago. Revenue was USD 8,315 million compared to USD 8,951 million a year ago. Net income was USD 2,794 million compared to USD 3,128 million a year ago. Basic earnings per share from continuing operations was USD 2.7 compared to USD 2.97 a year ago. Diluted earnings per share from continuing operations was USD 2.7 compared to USD 2.97 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 
