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MPLX Set to Report Q2 Earnings: What Investors Should Know

By Zacks Equity Research | July 31, 2025, 9:12 AM

MPLX LP MPLX is set to report second-quarter 2025 results on Aug. 5, before the opening bell.

In the last reported quarter, its adjusted earnings of $1.10 per unit beat the Zacks Consensus Estimate of $1.06, primarily due to higher pipeline throughputs and increased gathering and processing volumes.

MPLX’s earnings beat the consensus estimate thrice in the trailing four quarters and missed once, with the average surprise being 4.8%. This is depicted in the graph below:

MPLX LP Price, Consensus and EPS Surprise

MPLX LP Price, Consensus and EPS Surprise

MPLX LP price-consensus-eps-surprise-chart | MPLX LP Quote

MPLX’s Estimate Trend

The Zacks Consensus Estimate for second-quarter earnings per unit of $1.07 has witnessed no revisions in the past seven days. The estimated figure suggests a decline of 7% from the prior-year reported number.

The Zacks Consensus Estimate for revenues of $3.2 billion indicates a 6.2% increase from the year-ago recorded figure.

Factors to Consider for MPLX

The business model of MPLX is relatively stable as its oil and gas pipeline assets are being used by shippers for the long term, making its operations less vulnerable to commodity price volatility. Thus, the partnership is likely to have generated stable cash flows in the June quarter, backed by its network of crude oil and refined product pipelines along with crude oil and natural gas gathering systems.

The Zacks Consensus Estimate for adjusted EBITDA attributable to MPLX from the Natural Gas and NGL Services segment is pegged at $616.54 million, suggesting an increase from $524 million in the prior-year quarter.

Earnings Whispers

Our proven model predicts an earnings beat for MPLX this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the chances of an earnings beat. That is the case here, as you will see below.

Earnings ESP: MPLX has an Earnings ESP of +1.36%. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.

Zacks Rank: MPLX currently carries a Zacks Rank #3.

Other Stocks to Consider

Here are some other stocks that you may want to consider, as these have the right combination of elements to post an earnings beat this reporting cycle.

Canadian Natural Resources CNQ is a Calgary-based independent energy company. It currently has an Earnings ESP of +4.89% and a Zacks Rank #3. 

Canadian Natural Resources is scheduled to release second-quarter 2025 earnings on Aug. 7. The Zacks Consensus Estimate for CNQ’s earnings is pegged at 44 cents per share, indicating a 31.3% decrease from the prior-year reported figure.

Viper Energy, Inc. VNOM currently has an Earnings ESP of +8.56% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.

VNOM is set to release second-quarter 2025 earnings on Aug. 4. The Zacks Consensus Estimate for VNOM’s earnings is pegged at 34 cents per share, indicating a 44.3% decline from the prior-year reported figure.

Chevron Corporation CVX currently has an Earnings ESP of +3.63% and a Zacks Rank #3.

Chevron is set to release second-quarter 2025 earnings on Aug. 1. The Zacks Consensus Estimate for CVX’s earnings is pegged at $1.66 per share, which indicates a decrease of 34.9% from the prior-year reported figure.

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Chevron Corporation (CVX): Free Stock Analysis Report
 
Canadian Natural Resources Limited (CNQ): Free Stock Analysis Report
 
MPLX LP (MPLX): Free Stock Analysis Report
 
Viper Energy Inc. (VNOM): Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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