MPLX - MPLX: Positioning And Steady Performance Make Stock A Promising High-Yield Play
2024-02-23 05:07:30 ET
Summary
- The midstream industry has become a favorite for income and growth, with stocks like Antero Midstream and MPLX LP gaining popularity.
- MPLX is a top player in the midstream industry, benefiting from its partnership with Marathon Petroleum and strong market presence.
- The company has reported strong earnings, with record pipeline throughput and growth in gathering and processing operations, indicating potential for future growth and dividend increases.
Introduction
By now, I doubt that it may come as a surprise to many readers when I say that I have started to like the midstream industry a lot in recent years.
While the industry was total dead money before 2021 due to elevated capital spending and subdued income, it has grown into one of my favorite places to be for both income and growth....
MPLX: Positioning And Steady Performance Make Stock A Promising High-Yield Play