MPLX LP (MPLX) Update - Aug 1
Posted: Mon Aug 01, 2022 11:03 am
MPLX LP (MPLX, $32.51, Buy) - 2Q22 and 2H22 Set for Solid
Continued Distributions - MPLX’s Logistics and Storage business
along with its Gathering and Storage Business both appear on
track for continued upside as the former continues to experience
higher consumer demand while the latter continues to benefit
from strong NGL prices. We not only forecast continued organic
growth but there are also expansion projects in the works such as
the Whistler pipeline and fourth Permian processing plant.
- Neal Dingmann at Truist Financial
Continued Distributions - MPLX’s Logistics and Storage business
along with its Gathering and Storage Business both appear on
track for continued upside as the former continues to experience
higher consumer demand while the latter continues to benefit
from strong NGL prices. We not only forecast continued organic
growth but there are also expansion projects in the works such as
the Whistler pipeline and fourth Permian processing plant.
- Neal Dingmann at Truist Financial