MPLX LP is scheduled to report its fourth-quarter 2024 earnings on February 4, before the market opens. The Zacks Consensus Estimate for earnings per share (EPS) stands at $1.04, reflecting a 5.45% decline from the previous year, while the revenue estimate is $3.08 billion, marking a 3.75% increase compared to the same quarter last year.
In the last reported quarter, MPLX’s EPS was $1.01, falling short of the consensus estimate of $1.06 due to rising general and administrative costs. Historically, the company has beaten earnings estimates in two of the last four quarters, maintaining an average surprise of 6.85%. Current challenges include declining refining margins that may pressure profitability from transporting refined oil products, potentially impacting cash flows moving forward.
