MPLX beat expectations last quarter, despite transitory issues. In fact, revenues are increasing due to bright growth prospects in the Marcellus and Permian Basins and widening differentials, which MPLX addresses.
MPLX is yielding a hefty 7% dividend at current levels and is reaffirming guidance to raise its distribution by 10% in 2018.
In addition to having attractive growth prospects and a high yield, MPLX is at an opportune price point on its chart, which is presenting a high risk/reward setup.
All of the above factors are allowing the stars to align for MPLX, and shares should be bought at current levels.
MPLX LP (MPLX) is getting attractive at current levels as earnings are on the rise due to prolific shale production taking place in North America. Yet, with positive earnings and catalysts to propel