MPLX LP (MPLX) revealed a profit for its second quarter that increased from the same period last year and beat the Street estimates.
The company's earnings came in at $1.171 billion, or $1.15 per share. This compares with $910 million, or $0.91 per share, in last year's second quarter.
Analysts on average had expected the company to earn $0.98 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 13.5% to $3.052 billion from $2.690 billion last year.
MPLX LP earnings at a glance (GAAP) :
-Earnings (Q2): $1.171 Bln. vs. $910 Mln. last year.
-EPS (Q2): $1.15 vs. $0.91 last year.
-Revenue (Q2): $3.052 Bln vs. $2.690 Bln last year.
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