MPLX LP Reports Third-Quarter 2024 Financial Results
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MPLX LP reported strong third-quarter 2024 financial results with a net income of $1.0 billion, a 12.5% increase in quarterly distribution, and plans for capacity expansion in the Northeast.
November 05, 2024 | 12:30 pm
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MPLX LP reported a net income of $1.0 billion for Q3 2024, up from $918 million in Q3 2023. The company increased its quarterly distribution by 12.5% and is expanding its processing capacity in the Northeast.
MPLX's strong financial performance, including a significant increase in net income and distribution, is likely to positively impact its stock price. The expansion plans further indicate growth potential.
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