MPLX reports Q1 EPS 98c, consensus 98c

Reports Q1 revenue $2.85B, consensus $2.9B. “In the first quarter, strong cash flow generation enabled the return of $951 million of capital to unitholders,” said Michael Hennigan, MPLX chairman, president and chief executive officer. “We continue to execute our growth strategy anchored in the Marcellus and Permian basins. This growth allows us to reinvest in the business, and for the last two years has supported a 10% increase to the distribution.”