MPLX LP (MPLX) Q3 2024 Earnings Call Highlights: Record EBITDA and Strategic Growth Initiatives
Phillips' Southern California refinery closure may affect MPLX LP's logistics assets. MPLX increased its distribution by 12.5% due to strong cash flows and growth projects. Focus on mid-single-digit growth through organic opportunities in regions like Marcellus and strategies like the Rio Bravo pipeline project.