2024-04-08 11:24:27 ET
Summary
- MPLX LP, a midstream energy infrastructure and logistics company, has seen a meaningful upside in its unit price due to strong financial performance and growth initiatives.
- In the final quarter of 2023, MPLX reported an 11.4% increase in revenue, driven by increased crude oil throughput and higher tariffs.
- The company's profits and cash flows have also grown, and shares are attractively priced, making it a compelling prospect.
Over the years, I have come to have a great deal of appreciation and respect for companies in the energy sector. This is especially true of those that are in the midstream energy infrastructure and logistics markets. In fact, one of my largest holdings at this time is one such firm, accounting for about 14% of my overall portfolio....
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Upside Isn't Over For MPLX LP Yet