MPLX Q2 EPS $0.91 Beats $0.86 Estimate, Sales $2.69B Beat $2.48B Estimate
Portfolio Pulse from Benzinga Newsdesk
MPLX reported Q2 earnings of $0.91 per share, beating the analyst consensus estimate of $0.86 by 5.81%. This is a 9.64% increase from the same period last year. The company also reported quarterly sales of $2.69 billion, beating the analyst consensus estimate of $2.48 billion by 8.34%, but this is an 8.50% decrease from the same period last year.
August 01, 2023 | 10:52 am
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POSITIVE IMPACT
MPLX's Q2 earnings and sales beat estimates. However, while earnings per share increased by 9.64% YoY, sales decreased by 8.50% YoY.
MPLX's Q2 earnings beat estimates and increased from the same period last year, which is positive for the stock. However, the decrease in sales YoY might be a concern for investors, potentially limiting the positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100