MPLX LP beats by $0.05, reports revs in-line
- Reports Q1 (Mar) earnings of $0.61 per share, $0.05 better than the single analyst estimate of $0.56; revenues rose 15.9% year/year to $1.65 bln vs the $1.64 bln S&P Capital IQ Consensus.
- MPLX's previously announced first-quarter 2019 earnings conference call and webcast, which had been scheduled for Wednesday, May 8, at 11 a.m. EDT, has been canceled. MPLX and ANDX will hold a conference call and webcast at 8:30 a.m. EDT today to discuss the transaction and MPLX first-quarter highlights.
- MPLX LP (MPLX) today announced that it has entered into a definitive merger agreement whereby MPLX will acquire Andeavor Logistics LP (ANDX) in a unit-for-unit exchange.
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