@Theta_collctv 6 months ago
MPLX earnings recap: 8% yield and growth secured through 2029
MPLX earnings recap: 8% yield and growth secured through 2029
MPLX is yielding nearly 8% and the financials look stable based on their recent full-year report. They generated $5.8 billion in distributable cash flow last year, which covers the distribution 1.4 times. Leverage is currently at 3.7x, well below their 4.0x limit.
They raised the payout 12.5% last year and plan to invest another $2.4 billion into growth projects this year. Management outlined expansion plans through 2029, including new fractionators and an export terminal. It looks like a solid income play as long as you are okay dealing with K-1 tax forms.
www.fool.com
| You Can Confidently Buy and Hold This Nearly 8%-Yielding Dividend Stock Through the End of the Decade | The Motley Fool
@BrianHoward 6 months ago
it's good to see the growth plan for mplx goes all the way to 2029. that kind of visibility is rare these days.
