This was partially offset by strong performance of core business and higher average tariff rates from pipelines.Total 2019 revenues were recorded at $9,041 million, higher than the 2018 level of $7,005 million.Total costs and expenses in the quarter were recorded at $2,662 million, significantly up from the year-ago level of $1,404 million. MPLX LP (MPLX) Q2 2020 Earnings Call Transcript Delivery of Crude Oil From Bakken Shale at Risk From Pipeline Shutdown Orders Why MPLX Is a Great Dividend Stock Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.MPLX LP reported fourth-quarter adjusted earnings of 55 cents per unit, missing the Zacks Consensus Estimate of 61 cents.

However, the figure increased by 3 cents from the year-ago level.Revenues of $2,316 million were higher than fourth-quarter 2018 sales of $2,295 million. ZacksTrade and Zacks.com are separate companies. MPLX LP reported fourth-quarter adjusted earnings of 55 cents per unit, missing the Zacks Consensus Estimate of 61 cents. Shares have lost about 20.3% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is MPLX LP due for a breakout? These returns cover a period from January 1, 1988 through July 6, 2020. A month has gone by since the last earnings report for MPLX LP (MPLX - Free Report) . Its total debt amounted to $20.3 billion, while debt-to-capitalization ratio was 55%.The partnership expects to complete the Omega 2 processing facility in first-quarter 2020. MPLX LP reported fourth-quarter adjusted earnings of 55 cents per unit, missing the Zacks Consensus Estimate of 61 cents.

Notably, MPLX LP has a Zacks Rank #3 (Hold). Each of the company logos represented herein are trademarks of Verizon Media; Microsoft Corporation; Nasdaq, Inc.; Dow Jones & Company; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc.At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Notably, MPLX generated net cash of $4.1 billion from operating activities in 2019, which enabled it to return capital of around $2.8 billion to unitholders.As of Dec 31, 2019, the partnership’s cash and cash equivalents were $15 million. This marks a 6.2% hike from the year-ago period and sequential growth of a penny, representing the 28Net cash flow from operating activities in the quarter under review increased to $1,092 million from $1,044 million recorded in the corresponding period of 2018. Distribution per unit was 68.75 cents in the reported quarter. MPLX now expects capital expenditure of around $1.5 billion for growth purposes in 2020, which is $500 million lower than the previous guidance.It expects the Wink-to-Webster crude oil pipeline project to be completed in first-half 2021. The partnership expects to generate positive free cash flow in 2021 with the help of growth projects.In the past month, investors have witnessed a downward trend in fresh estimates.Currently, MPLX LP has a nice Growth Score of B, though it is lagging a lot on the Momentum Score front with an F. However, the stock was allocated a grade of B on the value side, putting it in the top 40% for this investment strategy.Overall, the stock has an aggregate VGM Score of B. To learn more, You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. Notably, MPLX generated net cash of $4.1 billion from operating activities in 2019, which enabled it to return capital of around $2.8 billion to unitholders.As of Dec 31, 2019, the partnership’s cash and cash equivalents were $15 million.

Its total debt amounted to $20.3 billion, while debt-to-capitalization ratio was 55%.The partnership expects to complete the Omega 2 processing facility in first-quarter 2020. In the Permian, the Whistler pipeline is expected to come online in second-half 2021.

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