MPLX Benefits From Marcellus/Utica Growth in 1Q; Merger With Andeavor Logistics Expected
MPLX reported strong first-quarter results, with growth in the Marcellus/Utica play continuing to drive gathering and processing volumes for the partnership. We plan to maintain our $38.50 fair value estimate and narrow moat rating. Gathering volumes increased 46% and processing volumes improved 10% from last year’s levels, and utilization levels are above 80%. With another 875 thousand cubic feet per day of capacity scheduled to be in service in 2018, as well as healthy production rates out of ...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.