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NEW YORK -, Tuesday, MPLX LP (NYSE:MPLX) reported fourth quarter earnings and revenue that surpassed analyst expectations, leading to a modest 0.78% increase in its stock price.
The midstream energy company posted adjusted earnings per share (EPS) of $1.07, beating the analyst estimate of $1.03 by $0.04. Revenue for the quarter came in at $3.06 billion, slightly above the consensus estimate of $3 billion. The company did not provide a YoY revenue comparison.
MPLX also outlined its capital spending outlook for 2025, projecting total expenditures of $2.0 billion. This includes $1.45 billion for Natural Gas and NGL Services growth capital, $250 million for Crude Oil and Products Logistics growth capital, and $300 million for maintenance capital.
The company’s shares edged up 0.78% following the earnings release, indicating a mildly positive market response to the results and outlook. MPLX did not provide specific guidance for the upcoming quarter or fiscal year in the information provided.
MPLX’s fourth quarter performance demonstrates the company’s ability to exceed market expectations in both earnings and revenue.
The detailed 2025 capital outlook suggests a continued focus on growth and maintenance across its business segments, particularly in Natural Gas and NGL Services.
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