MPLX LP (MPLX, Financial) is set to release its Q3 2024 earnings on Nov 5, 2024. The consensus estimate for Q3 2024 revenue is $3,091.57 million, and the earnings are expected to come in at $1.07 per share. The full year 2024's revenue is expected to be $11.99 billion and the earnings are expected to be $4.24 per share. More detailed estimate data can be found on the Forecast page.
MPLX LP (MPLX, Financial) Estimates Trends
Over the past 90 days, revenue estimates for MPLX LP (MPLX) for the full year 2024 have increased from $11.89 billion to $11.99 billion. For 2025, the estimates have risen from $12.27 billion to $12.51 billion. Earnings estimates have also seen an upward revision; for 2024, they have increased from $4.08 per share to $4.24 per share, and for 2025, from $4.36 per share to $4.48 per share.
MPLX LP (MPLX, Financial) Reported History
In the previous quarter of 2024-06-30, MPLX LP's (MPLX) actual revenue was $2.73 billion, which missed analysts' revenue expectations of $2.96 billion by -7.8%. MPLX LP's (MPLX) actual earnings were $1.15 per share, which beat analysts' earnings expectations of $0.994 per share by 15.69%. After releasing the results, MPLX LP (MPLX) was up by 1.19% in one day.
MPLX LP (MPLX, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 14 analysts, the average target price for MPLX LP (MPLX) is $47.92 with a high estimate of $52 and a low estimate of $43. The average target implies an upside of 8.39% from the current price of $44.21.
Based on GuruFocus estimates, the estimated GF Value for MPLX LP (MPLX, Financial) in one year is $41.59, suggesting a downside of -5.93% from the current price of $44.21.
Based on the consensus recommendation from 15 brokerage firms, MPLX LP's (MPLX, Financial) average brokerage recommendation is currently 2.3, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
