MPLX reports Q2 EPS 91c, consensus 89c

Reports Q2 revenue $2.69B, consensus $2.74B. “MPLX‘s distributable cash flow grew 6% in the first half of 2023 compared to the same period in 2022,” said Michael Hennigan, MPLX chairman, president and chief executive officer. “Our organic growth plans and commitment to strict capital discipline position us to continue to reinvest in the business and return capital to unitholders. In the second quarter, MPLX returned nearly $800 million of capital to unitholders.”