Benzinga | Aug 3, 2020 07:42AM EDT

Recap: MPLX Q2 Earnings

Shares of MPLX (NYSE:MPLX) rose 1.1% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were up 5.45% over the past year to $0.58, which beat the estimate of $0.49.

Revenue of $2,081,000,000 higher by 27.75% from the same period last year, which beat the estimate of $1,980,000,000.

Outlook

MPLX hasn't issued any earnings guidance for the time being.

MPLX hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Aug 03, 2020

Time: 11:00 AM

ET Webcast URL: https://services.choruscall.com/links/mplx200803.html

Technicals

Company's 52-week high was at $30.53

Company's 52-week low was at $6.87

Price action over last quarter: Up 12.32%

Company Profile

MPLX is a partnership that owns both pipelines and gathering and processing assets with extensive holdings in the Appalachian region. The asset base is made up of pipeline assets dropped down from Marathon Petroleum, its sponsor, and gathering and processing assets from MarkWest, which it acquired in 2015. MPLX also acquired Andeavor Logistics in July 2019.