MPLX - MPLX Still Financially Growing And Growing And Growing
2024-05-10 12:52:23 ET
Summary
- MPLX continues to show strong growth with a 1.6x distribution coverage and an 8% increase in distributable cash flow year over year.
- The company has made new acquisitions in the Permian and Utica regions, expecting almost $300 million in free cash flow per year.
- MPLX targets 6% organic growth and plans to increase its quarterly distribution, with a likely increase of $0.10 - $0.15 per quarter in November.
MPLX ( MPLX ) continues its year-over-year growth, sprouting into full blossoming plants and flowers. This energy distribution company processes assets in some of the most pristine locations, including the Permian and Marcellus. In several other articles, the focus heavily beamed on cash flows above expenses. A list of a few past articles follows:
- High-Flying MPLX LP Continues Its High Financial Flight, published in February.
- MPLX Delivered A Warm (Distribution Increase) November Rain published in November of 2023.