MPLX LP (MPLX) reported earnings for its third quarter that increased from last year but missed the Street estimates.
The company's earnings came in at $1.037 billion, or $1.01 per share. This compares with $918 million, or $0.89 per share, in last year's third quarter.
Analysts on average had expected the company to earn $1.04 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 2.1% to $2.972 billion from $2.912 billion last year.
MPLX LP earnings at a glance (GAAP) :
-Earnings (Q3): $1.037 Bln. vs. $918 Mln. last year.-EPS (Q3): $1.01 vs. $0.89 last year.-Revenue (Q3): $2.972 Bln vs. $2.912 Bln last year.
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