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MPLX LP (MPLX) Reports Q3 Earnings: What Key Metrics Have to Say
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MPLX LP (MPLX - Free Report) reported $3.61 billion in revenue for the quarter ended September 2026, representing a year-over-year decline of 0.4%. EPS of $1.15 for the same period compares to $1.52 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $3.29 billion, representing a surprise of +9.52%. The company delivered an EPS surprise of +3.6%, with the consensus EPS estimate being $1.11.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how MPLX LP performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Average tariff rates - Crude oil pipelines: $1.05 compared to the $1.05 average estimate based on two analysts.
Average tariff rates - Product pipelines: $1.17 versus the two-analyst average estimate of $1.11.
Pipeline throughput - Crude oil pipelines: 3897 millions of barrels of oil versus 3622.34 millions of barrels of oil estimated by two analysts on average.
Natural Gas Processed - Southwest Operations: 2106 millions of cubic feet versus the two-analyst average estimate of 1838.17 millions of cubic feet.
Pipeline throughput - Total pipelines: 5951 millions of barrels of oil compared to the 5688.18 millions of barrels of oil average estimate based on two analysts.
Gathering throughput - Southwest Operations: 1960 millions of cubic feet versus the two-analyst average estimate of 1971.16 millions of cubic feet.
Pipeline throughput - Product pipelines: 2054 millions of barrels of oil versus 2065.85 millions of barrels of oil estimated by two analysts on average.
Adjusted EBITDA- Natural Gas and NGL Services: $655 million compared to the $648.88 million average estimate based on three analysts.
Adjusted EBITDA- Crude Oil and Products Logistics: $1.2 billion versus $1.19 billion estimated by three analysts on average.
Shares of MPLX LP have returned +2.7% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
View the Zacks #1 Rank List
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MPLX LP (MPLX) Reports Q3 Earnings: What Key Metrics Have to Say
MPLX LP (MPLX - Free Report) reported $3.61 billion in revenue for the quarter ended September 2026, representing a year-over-year decline of 0.4%. EPS of $1.15 for the same period compares to $1.52 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $3.29 billion, representing a surprise of +9.52%. The company delivered an EPS surprise of +3.6%, with the consensus EPS estimate being $1.11.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how MPLX LP performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:View all Key Company Metrics for MPLX LP here>>>
Shares of MPLX LP have returned +2.7% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.